This report studies theBlockchain In IOTmarketwith many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the completeBlockchain In IOT marketanalysis segmented by companies, region, type and applications in the report.

The major players covered in Blockchain In IOT Market:BLOCKCHAIN IOT & COMMERCE LIMITED, IOT Solutions World Congress, IoT Community, IoT India Congress, Blockchain Institute & Technology BIT, The Blockchain Connector, Blockchain Developer, Blockchain Global Advisors, Blockchain App Factory, Blockchain Art Collective, Larsen & Toubro Infotech Ltd, Blockchain Meetup Switzerland, Blockchain World Summit, IoT Innovatech Latam, Blockchain Guru, Blockchain Lab, India, Blockchain Ecosystem Advisors, Blockchain Climate Institute, IoT Tech Expo World Series, Blockchain USA LLC, DB Healthcare, Inc. and DB Blockchain, Hidden Brains InfoTech Pvt. Ltd.

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Blockchain In IOTMarket in its database, which provides an expert and in-depth analysis of key business trends and future market development prospects, key drivers and restraints, profiles of major market players, segmentation and forecasting. A Blockchain In IOT Market provides an extensive view of size; trends and shape have been developed in this report to identify factors that will exhibit a significant impact in boosting the sales of Blockchain In IOT Market in the near future.

This report focuses on the global Blockchain In IOT status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Blockchain In IOT development inUnitedStates, Europe, China, Japan, Southeast Asia, India, and Central & South America.

TheBlockchain In IOTmarket is a comprehensive report which offers a meticulous overview of the market share, size, trends, demand, product analysis, application analysis, regional outlook, competitive strategies, forecasts, and strategies impacting the Blockchain In IOT Industry. The report includes a detailed analysis of the market competitive landscape, with the help of detailed business profiles, SWOT analysis, project feasibility analysis, and several other details about the key companies operating in the market.

The study objectives of this report are:

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TheBlockchain In IOTmarket research report completely covers the vital statistics of the capacity, production, value, cost/profit, supply/demand import/export, further divided by company and country, and by application/type for best possible updated data representation in the figures, tables, pie chart, and graphs. These data representations provide predictive data regarding the future estimations for convincing market growth. The detailed and comprehensive knowledge about our publishers makes us out of the box in case of market analysis.

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Table of Contents

Chapter 1:GlobalBlockchain In IOTMarket Overview

Chapter 2:Blockchain In IOT Market Data Analysis

Chapter 3:Blockchain In IOT Technical Data Analysis

Chapter 4:Blockchain In IOT Government Policy and News

Chapter 5:Global Blockchain In IOT Market Manufacturing Process and Cost Structure

Chapter 6:Blockchain In IOT Productions Supply Sales Demand Market Status and Forecast

Chapter 7:Blockchain In IOT Key Manufacturers

Chapter 8:Up and Down Stream Industry Analysis

Chapter 9:Marketing Strategy -Blockchain In IOT Analysis

Chapter 10:Blockchain In IOT Development Trend Analysis

Chapter 11:Global Blockchain In IOT Market New Project Investment Feasibility Analysis

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Blockchain In IOT Market Growth, Overview with Detailed Analysis 2020-2026|BLOCKCHAIN IOT & COMMERCE LIMITED, IOT Solutions World Congress, IoT...

PHD Chamber of Commerce and Industry hosted a virtual conclave on Blockchain Technology: Leveraging Business Innovation and Application withMr. Arun Kumar Jha, Director General, National Productivity Council, Department of Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India along with an august gathering of industry stalwarts.

The objective of the conclave was to get an overview of Blockchain technology, its tools, open-source, platforms, and ecosystems that will help in practical application and use cases of Blockchain. It was to understand the legal and regulatory framework including Bitcoin and its implications. The conclave focused on getting institutional perspective on Blockchain-Enabled Platforms and its adoption in terms of Blue Print for adoption, implementation, and running Blockchain-based systems and to evaluate its integration with Emerging Technologies like IoT, AI, ML, Cloud, Edge, Fog Computing, Big Data, and Data Analytics.

Mr. Arun Kumar Jhadeliberated about the blockchain, the subject which needs an understanding by the industry. An industry 4.0 revolution that is taking place is a golden opportunity for the industry that needs to be adopted at the earliest. We have got low-cost automation techniques available that include machine measuring data that can be connected by all MSMEs to grow their businesses, said Mr Jha.

In these changing times, industry has the potential to swiftly shift to blockchain technology. He cited examples of the industry which can use blockchain that can ease the business process and share data in one kind. He urged the members of PHD Chamber to start adopting blockchain, as that will be the next game-changer.

The conclave witnessed the deliberation of august industry stalwarts includingDr. S D Sivakumar, Director, Agribusiness Development, Tamil NaduAgricultural University;Mr. Ryan Soh, Founder and CEO, Edufied;Mrs. Shanthini Raja, Founder, Chairperson and CEO, Rsquare Technologies W.L.L;Mr. Surinder Kalra, Blockchain Expert, andMr. Rahul Kumar, CEO, EGW Capital.

Dr. S D Sivakumargave a detailed presentation on BlockChain for Agriculture with focus on relevance of Blockchain relevant for Indian Agriculture. He cited sample of the flow of the food chain and how the process can be smoothened and amplified with the help of blockchain. He discussed the end languages that include C++, Javascript, Python, Solidity, and many more and explained in working on the blockchain that includes Transaction, Block, Verification, Hash, and Execution.

Mr. Ryan Soh, in his deliberation, shared insights about Blockchain-Enabled Platforms and their Blockchain adoption in the world of today. He shared

industry perspective and the implications in the Legal and regulatory framework of Blockchain technology including Bitcoin and its implications.He highlighted the focus area in expanding Massive Open Online Courses(MOOCs) and the ways to transform education using blockchain that included

improvement in record keeping; increase efficiency in existing business processes; create a new market for digital assets and create a disruptive business. He also shared practical process and cited examples related to blockchain.

Mrs. Shanthini Raja gave a presentation on BlockChain in Banking and Insurance Sector and explained the different aspects and need for blockchain in sectors like banking and insurance. She also threw light on the use of cryptocurrency and how it makes its special from traditional currencies.

Mr. Surinder Kalra, deliberated on the Integration of Blockchain in Agriculture/ production, trade, and overall business to increase its productivity and production. He also covered the convergence of blockchain, data analytics, and artificial intelligence that will aid in the adoption features of blockchain and building the blocks. He also explained how to define the business process, its scope, and its application.

Mr. Sanjay Aggarwal, Senior Vice President, PHD Chamber of Commerce and Industry while giving an overall industry perspective gave an overview of the blockchain technology that can help to amplify the business development in the country leading to ease in doing business, governance, and living ofthe country. He deliberated about the various benefits of the application of blockchain that mainly included privacy, record keeping, cost efficiency, better time management, and the go-to technology that will impact the future. He shared industry reports of different sectors which are leveragingblockchain technology. He lauded the efforts and initiatives of government bodies to propagate the usage of blockchain in the country that has opened several opportunities in various sectors of the country.

Mr. Ashish Aggarwal, Chairman, Startup Forum, PHD Chamber while moderating the session gave an industry perspective and how blockchain can leverage the industry can leverage the technology for business development and growth in Indias developing economy.

Mr. Sumit DuggalandMr. Bharat Singh Mehta, Startup Forum, Co-Chairman, PHD Chamber gave their concluding remarks and delivered a formal vote of thanks to all the delegates and participants.

The session was moderated by and Mr Ashish Aggarwal and Dr. Jatinder Singh, Director, PHD Chamber. The virtual conclave witnessed participation of more than 290 industry stalwarts around the country. Thesession was supported by Master IoT.

The rest is here:

Blockchain Technology- Game-changer for Ease of Doing the Business, Ease of Living and in Governance - Technuter

The attack on Twitter that took place earlier this week has once again made Bitcoin a topic of mainstream discussion but not for a good reason.

A group of rogue hackers who now appear to be a band of teenagers and 20 somethings who were just trying to make a quick buck, according to a New York Times report took over the accounts of prominent individuals and companies, promoting a classic Bitcoin giveaway scam.

Despite wielding enough power to move markets, the hackers were only able to make away with just over $100,000 worth of Bitcoin a testament to the spontaneous nature of this scheme.

It now appears that the ones who perpetrated this hack are in the process of laundering the Bitcoin proceeds, signaling that they are gearing up to cash them out via an exchange.

Although the scope of the Twitter hack was massive and many compromised accounts shilled the crypto giveaway scam, the impacts were fairly minimal.

According to research from blockchain analytics firm Elliptic, the wallet addresses associated with the hackers only pulled in a total of $121,000 worth of Bitcoin from just over 400 payments.

This means that less than 400 people lost money as a result of the scams.

The analytics firm also revealed that the majority of the victims resided in Asia, followed by North America.

Payments from Asia-based exchanges dominate, although this includes one single very large payment originating from a Japan-based exchange, worth $42,000. Other large contributions come from victims likely to be in North America unsurprising given the Twitter accounts affected.

Naturally, the hackers needed to clean the stolen Bitcoin before moving it to exchanges.

Elliptic also revealed in its latest report that 22% of the obtained funds havenow been moved to Wasabi Wallet which is a type of wallet that hides transaction trails, making it difficult for the cryptocurrency to be traced.

Elliptic has uncovered that at 3.39am UTC this morning 2.89 bitcoins, accounting for 22% of the funds obtained by the Twitter hacker, were sent to an address that we strongly believe to be part of a Wasabi Wallet.

Once laundered through Wasabi or a mixing service, the next step will be to move the Bitcoin to exchanges to convert it to fiat currency.

CryptoSlate will provide any relevant updates once more knowledge regarding the whereabouts of the hackers Bitcoin is obtained.

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Blockchain analytics shows Twitter hackers are about to cash out Bitcoin proceeds - CryptoSlate

Analysis of the Global Blockchain In Agriculture And Food Supply Chain Market

The presented report on the global Blockchain In Agriculture And Food Supply Chain market offers valuable insights related to the future prospects of the Blockchain In Agriculture And Food Supply Chain market. The study evaluates the various parameters that are expected to influence the growth of the Blockchain In Agriculture And Food Supply Chain market over the forecast period including the current trends, regulatory framework, and evolving policy structure across different regions.

As per the study, the Blockchain In Agriculture And Food Supply Chain market is poised to exceed the value of ~US$XX by the end of 2019 and grow at a CAGR of ~XX% during the considered forecast period, 20XX-20XX. The growth opportunities for established and emerging market players, drivers of the market, and existing challenges in the Blockchain In Agriculture And Food Supply Chain market are thoroughly analyzed.

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Blockchain In Agriculture And Food Supply Chain Market Bifurcation

By Region

The regional assessment included in the Blockchain In Agriculture And Food Supply Chain market sheds light on the scenario of the Blockchain In Agriculture And Food Supply Chain market in various geographies. The scope of growth, market share, size, and future prospects of the Blockchain In Agriculture And Food Supply Chain market in each regional market is illustrated in the report along with informative graphs and figures.

Competitive Assessment

The completion landscape of the Blockchain In Agriculture And Food Supply Chain market is accurately depicted in the report. The report includes the company profiles of some of the leading companies in the Blockchain In Agriculture And Food Supply Chain market wherein the product portfolio, pricing structure, and market share of each company is provided.

segment by Type, the product can be split intoApplication And Solution ProviderMiddleware ProviderInfrastructure And Protocol ProviderMarket segment by Application, split intoProduct Traceability, Tracking, And VisibilityPayment And SettlementSmart ContractsGovernance, Risk And Compliance Management

Market segment by Regions/Countries, this report coversNorth AmericaEuropeChinaJapanSoutheast AsiaIndiaCentral & South America

The study objectives of this report are:To analyze global Blockchain In Agriculture And Food Supply Chain status, future forecast, growth opportunity, key market and key players.To present the Blockchain In Agriculture And Food Supply Chain development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Blockchain In Agriculture And Food Supply Chain are as follows:History Year: 2015-2019Base Year: 2019Estimated Year: 2020Forecast Year 2020 to 2026For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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Vital Information that can be drawn from the Blockchain In Agriculture And Food Supply Chain Market Report

The report aims to address the following queries related to the Blockchain In Agriculture And Food Supply Chain market:

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Blockchain In Agriculture And Food Supply Chain Market Forecast Research Reports Offers Key Insights - 3rd Watch News

Fabio Canesin, co-founder of blockchain fintech firm Nash, believes that as the world comes out of the COVID-19 pandemic, blockchain technology offers a unique opportunity to the public due to its borderless nature.

During an interview with Cointelegraph, Canesin states that he sees the greatest emerging use case in blockchain for three core industries in a post-pandemic era: government, nonprofit, and small-to-mid-size businesses.

For the government entities, Nashs co-founder explained:

This could mean using blockchain for stimulus checks instead of sending payments via traditional systems, which take much longer and are prone to errors. Along with using blockchain to speed up the process, the current system could (and should) begin allowing individual accounts directly on the network, without the need of intermediaries.

For the nonprofit sector, Canesin says that donations could operate similarly to how stimulus payments should with blockchain. He further adds that giving directly to organizations is well known to be a highly efficient way to improve the outcome of donations, and "direct contribution to individual digital wallets could be disruptive for philanthropy."

Canesin also commented on what blockchain could mean to small and medium businesses:

Blockchain means being able to hire overseas (given the technology is borderless and allows global payments), giving anyone access to the global economy, whether theyre a small or large company.

Addressing the role of cryptos to help mitigate the effects of the crisis originated by the coronavirus pandemic, Nashs co-founder said that an issue worth considering is the fact that cryptocurrencies provide a safe haven from mismanaged national currencies.

He put the example of the crisis that Lebanon is facing off nowadays, where the COVID-19 crisis has accelerated an existing banking crisis:

People are facing withdrawal limits at ATMs and seeing their savings evaporate following spiralling inflation. Cryptocurrencies can protect against both these things. Not only do you control your assets, meaning you can never have withdrawals blocked, but most currencies have built-in protections against inflation, which are hard to change on account of their decentralized nature.

Read this article:

Three Industries That Will Be Blockchain Innovators Post-Pandemic - Cointelegraph

The recent research report titled Global Blockchain for Supply Chain Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) has been added in the kandjmarketresearch.com database. The Global Blockchain for Supply Chain Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2026.

Blockchain for Supply Chain Market Overview

The global Blockchain for Supply Chain market has been studied by a set of researchers for a defined forecast period of 2020 to 2026. This study has provided insights to the stakeholders in the market landscape. It includes an in-depth analysis of various aspects of the market. These aspects include an overview section, with market segmentation, regional analysis, and competitive outlook of the global Blockchain for Supply Chain industry for the forecast period. All these sections of the report have been analyzed in detail to arrive at accurate and credible conclusion of the future trajectory. This also includes an overview section that mentions the definition, classification, and primary applications of the product/service to provide larger context to the audience to this report.

Blockchain for Supply Chain Market Dynamics

The report on the global Blockchain for Supply Chain market includes a section that discusses various market dynamics that provide higher insight in the relationship and the impact of change these dynamics hold on the market functioning. These dynamics include the factors that are providing impetus to the market over the forthcoming years for growth and expansion. Alternatively, it also includes factors that are poised to challenge the market growth over the forecast period. These factors are expected to reveal certain hidden trends that aid in the better understanding of the market over the forecast period. continue reading this report.

The Final Report Will Include the Impact of COVID -19 Analysis about the Blockchain for Supply Chain Industry.

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COVID-19 can affect the global market in 3 ways: by directly affecting the production and demand, by creating supply chain and market disturbance, and by its financial impact on enterprises and financial markets.

Key Players

The global Blockchain for Supply Chain market report has provided a profiling of significant players that are impacting the trajectory of the market with their strategies for expansion and retaining of market share.

Key Segments Studied in the Global Blockchain for Supply Chain Market:

Key Players in the Global Blockchain for Supply Chain Market Covered In Chapter 4:

In Chapter 11 and 13.3, On The Basis Of Types, The Blockchain for Supply Chain Market From 2015 To 2026 Is primarily split into:-

In Chapter 12 and 13.4, On The Basis Of Applications, the Blockchain for Supply Chain Market From 2015 to 2026 covers:-

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Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2026) of the following regions are covered in Chapter 5, 6, 7, 8, 9, 10, 13:-

Market Segmentation

The global Blockchain for Supply Chain market has been studied for a detailed segmentation that is based on different aspects to provide insight into the functioning of the segmental market. This segmentation has enabled the researchers to study the relationship and impact of the growth chart witnessed by these singular segments on the comprehensive market growth rate. It has also enabled various stakeholders in the global Blockchain for Supply Chain market to gain insights and make accurate relevant decisions. A regional analysis of the market has been conducted that is studied for the segments of North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

Research Methodology

The global Blockchain for Supply Chain market has been analyzed using Porters Five Force Model to gain precise insight in the true potential of the market growth. Further, a SWOT analysis of the market has aided in the revealing of different opportunities for expansion that are inculcated in the market environment.

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Blockchain for Supply Chain Market 2020: Key Players With Product Particulars, Applications, Market Size & Forecast Till 2026 - Jewish Life News

Jrgen Resch, energy industry manager at COPA-DATA, discusses how blockchain optimises profits within the energy sector

Blockchain could lead the way to a smarter grid.

While some industries have been quick to adopt blockchain technology, the energy generation sector has been relatively slow to embrace the opportunity. Following several successful European projects however, a revolution in energy generation is happening.

Change in the energy sector often requires considered and cautious decisions. This isnt necessarily a negative trait, as it ensures all new technologies are understood with a clear plan on how to integrate them into existing processes. Yet, as we look ahead to the potential future of blockchain in the energy industry, the sector has already taken great strides in accepting this decentralised exchange.

Blockchain is useful in situations where two parties exchange something, whereby frequent trades are governed by a contract. Whether this is the exchange of goods, money or in this case, energy, the same principles apply. Manually writing and signing contracts for each transaction would be very time consuming, so the contracts must be digitalised in a traceable and secure way, without a single point of ownership one main benefit of using blockchain technology.

Use cases for blockchain are getting increasingly common in various sectors, but how can companies achieve a perfect blockchain strategy? Read here

In the energy industry, this can be particularly beneficial for microgeneration. For instance, an owner of a small solar farm may be selling excess energy to their neighbours. Inevitably, these neighbours want a fast and straightforward system to access this energy. Otherwise, they would simply stick with energy from their main utility provider.

Using blockchain, the neighbours can set a price point they are willing to buy the energy for, without the need to embark on complex negotiations or create manual contracts. If the solar farm owner cannot meet this price point, the neighbour can simply take power from their utility provider. This might change the whole energy supply system to a demand-driven concept. In order to give the solar farm owner an overview of the current situation, or reports about how he profited from the negotiations, it will require a SCADA system or at least an HMI. Today, these systems do not speak blockchain, but as soon as the demand rises, they will adapt rapidly.

This flexibility is particularly advantageous in renewable applications in which energy is volatile, like solar farms. Blockchain technology is dynamic and therefore handles such variability. Most importantly from a financial perspective, this blockchain trade is completely isolated from the utility, therefore avoiding transaction fees from a central trader.

There are several European projects setting good examples of using blockchain effectively. Many of these projects focus on the prosumer, a person who consumes and produces a product like the earlier solar farm owner.

Take Elblox as an example. This project, originating in Switzerland, is a peer-to-peer platform that allows producers and prosumers to exchange renewable energy with their local public. Using the platform, those with energy to spare can position themselves in the local energy market, allowing consumers to buy this electricity in just a few clicks.

Using the likes of Elblox, blockchain is revolutionising how energy is generated, stored, bought, sold and used at the local level. As traders do not pay transaction fees to a central trader and the prosumers can act faster to new price situations, profits in the microgrid can be optimised using this method.By creating localised energy marketplaces across the existing grid infrastructure, the conventional energy model may be a thing of the past.

It is hard to predict exactly how blockchain will affect the current energy model of large-scale providers and utility companies.

However, there are suggestions that the technology will prove just as valuable to the utility as it is to prosumers. Energy generation setpoints are currently decided by the grid governor. In the future, governors may also gather information from microgrid blockchain requests and consider this data when defining setpoints.

Information Age talks to Philip Clayson, CIO at SSE Energy Services, to discuss how the utility company is maximising the value of its data. Read here

Theres also uncertainty around the cyber security implications of blockchain. Yet, blockchain has been developed to be secure and uses sophisticated maths, which makes it extremely difficult for attackers to manipulate it. There is no one weak point to attack, which is a huge benefit of decentralisation.

With the technology safe from manipulation, an arguably bigger threat is at the users site. Authentication mechanisms, rather like the ones used for internet banking, may be required for the initial setup of a peer account.

Blockchain is bringing big changes, so it is no surprise the energy industry is lagging behind others in adoption. However, we are already witnessing successful examples of blockchain. Looking to the future, Europe will be on its way to optimising microgrid profits through decentralised, peer-to-peer trading.

See original here:

Blockchain in energy: Optimising profits with decentralised trading - Information Age

Use cases for blockchain are getting increasingly common in various sectors, but how can companies achieve a perfect blockchain strategy?

What should companies consider when it comes to perfecting their blockchain strategy?

Perhaps best known as the technology behind Bitcoin, blockchain is being implemented in more and more industries. It helps users to gain added visibility from supply chains, as well as providing the benefits of enhanced security and the reduced costs that come with a lower amount of necessary third parties than other technologies. But these advantages fail to be substantial if companies dont perfect their blockchain strategy.

But, what can organisations do in order to ensure that their ventures into this technology are a success? Three experts provided their top tips for perfecting blockchain implementation.

Firstly, much like any new venture into technology, an airtight blockchain strategy should get the entire workforce on board with the idea, ensuring that they are clear on what it is, and what its benefits are.

In the coronavirus era, remote working has become the new normal. Here, six leaders reveal how to empower a remote workforce in the long-term. Read here

Ensure there is a shared understanding of blockchain within your business, and make sure that the team who will execute the project have a strong understanding of how the technology works, including knowledge of what it can do as well as its limitations, said Sukhi Jutla, COO of MarketOrders. This will also help to get management buy-in and support from stakeholders.

Identify where you may have skills gaps in your team and recruit the right skillset to help you build your solution.

Then, you must define the problem dont waste your time boiling the ocean! Instead, take the time to identify a specific business area or process where you think blockchain could create benefits, such as increasing efficiency or improved transactional performance.

Once you have a solution that works you can then start to think about scaling this to other areas of your business.

Blockchain has an array of benefits for a growing number of industries. However, according to Kevin Curran, senior IEEE member and editor of the Journal of British Blockchain Association (JBBA), using the technology to store data could grind your strategy to a halt.

Many people are not aware that a major weakness of blockchain is that storing data or large files on the blockchain is a non-starter as it can barely sustain small strings of text, that simply record a balance transfer between two parties.

Yes, there are new initiatives such as the Interplanetary File System (IPFS) that can provide much of the infrastructure needed for content tracking and attribution as it provides a permanent, decentralised Web where links do not die, and no single entity controls the data however, there is little real-world uptake in IPFS to date.

There is also the immutability of the blockchain which can be an issue when we later discover that a transaction needs amending due to incorrect data this is not a trivial problem.

What needs to be considered when building a solid strategy for getting the best out of all the data at your companys disposal? Read here

Marcus Treacher, senior vice-president, customer success at Ripple, explained how organisations shouldnt rush into implementing blockchain, and must be deliberate in considering how it will benefit customers.

Like any business-transforming technology, blockchain encompasses new models that cannot be built and perfected overnight, said Treacher. It not only needs careful planning and attention, but also a commitment to prove its ability to solve real customer pain-points.

As weve built and deployed blockchain technology from the outset, weve been unflinching in our purpose to transform cross-border payments for the financial services industry ensuring our solution benefits everyone from the clearing bank to the end-user.

Treacher went on to emphasise the importance of getting on the good side of regulators, as past incidents in which companies have done otherwise have proven to be the death knell for developments.

The hyper-focus on solving an industry-wide problem has allowed us to bring regulators, governments and industry players along with us, on every step of our journey to redefine cross-border payments. In turn, this has allowed us to test, adapt, prove and deploy our technologies worldwide on an industrial scale.

Trust is critical in financial services, and new technologies can evoke scepticism from the industry if they are not approached in the correct way. Consider, for instance, how Facebooks Libra whitepaper was met with industry-wide criticism because it sought to circumvent the existing financial services system. Libra was trying to run before it could walk and, as a result, alienated its partners which led to the project inevitably hitting a wall and pivoting altogether.

Ultimately, Libra presents just one example of the importance of working within the financial system and with the regulators who oversee it to ensure responsible and compliant innovation a crucial component to ensuring your blockchain strategy is robust.

Once youve established trust with regulators and industry members, your blockchain strategy can develop naturally.

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How to perfect your blockchain strategy - Information Age

HaohanXu is chief executive officer of Apifiny, a global trading and value transfer network. Views expressed are the author's own.

Barriers are springing up everywhere for remittance companies and banks. Overcoming obstacles to cross-border payments is especially daunting right now, with slow settlement times, high fees and fresh competition bringing new challenges.

COVID-19 has brought unwelcome complications to international settlement. The World Bank in April issued an alarming report: Its experts project global remittances to decline by roughly 20% in 2020 the sharpest drop in recent history because of the pandemic and resulting shutdowns. This means banks are losing business from a wide swath of society: employees ranging from seasonal workers to those who work for embassies, international organizations and foreign companies.

Adverse global conditions arising from the coronavirus have played a huge part in this disruption of international remittance growth. However, even a vaccine won't cure the challenges for remittances. If international workers must still pay high fees and endure long settlement times, they will forcefully demand better and more affordable services, and may actively explore alternative international payments solutions.

It's not too late for banking institutions to retain these customers. However, they must recognize the barriers preventing the execution of cross-border payments that are faster, more cost-effective and more reliable.

Banks and payments companies face two key international remittance roadblocks:

No global network.International payments are painful because no single global network or service exists for all banks participation that enables real-time funds settlement.

While the Society for Worldwide Interbank Financial Telecommunication (SWIFT) protocol is far-reaching, it is a messaging service and not a true banking network. A bank in one region can send a message to a bank in another with SWIFT, but they must have a bilateral arrangement or rely on other banks that have the relationships. SWIFT unquestionably improved on the lack of international coordination preceding it. However, its structure remains inefficient and convoluted, causing long settlement cycles.

This lack of a global settlement network carries higher transaction costs, too. The global average cost of sending $200 was 6.8%in the first quarter of 2020, according to the World Bank. In Sub-Saharan Africa, that cost is around 9% high enough to be a deterrent.

Outdated tech.Most banks'post-execution technology platforms are increasingly outdated. They also typically prove difficult and expensive to change. These platforms often comprise multiple interoperating systems including middle office, clearing and settlement, books and records, risk systems for securities processing, payment systems and general ledger processing.

As a result, banks must undergo high-risk, expensive, multiyear projects to elevate their processing platforms to modern standards.

Although clearing and settlement for securities differ from remittances, a closer look at securities settlement provides a window to how banks can revitalize remittances.

For securities, there is typically a central depository and a centralized clearing and settlement service such as The Depository Trust & Clearing Corp. (DTCC) in the U.S. for the financial markets. Together, these two entities provide clearing, settlement and custody services for member firms, meaning all transactions from financial institutions and their counterparties must be submitted. DTCC is the custodian of the stock certificates and, via the Continuous Net Settlement process, it provides each member with a net obligation between counterparties that it's due to deliver or receive for each security, without physically transferring the stock certificates.

While this netting provides efficiency and reduces counterparty risk, it is a centralized process that takes two days in the U.S.

Member firms must also pledge capital or securities to cover for potential failures, tying up capital that could be deployed elsewhere. A major overhaul of DTCC technology would be required to enable real-time settlement.

DTCC is actively addressing that securities sector roadblock, evaluating distributed ledger technology (DLT)solutions that it hopes will significantly accelerate settlement for their industry. Dual DTCC initiatives Project Ion and Project Whitney have been announced to better integrate DLT with capital markets. DLT is a key component of blockchain, a rapidly maturing technology with the proven ability to execute peer-to-peer, direct-value transfer between parties for traditional assets like fiat currency, securities and commodities.

Blockchain technology is a leading candidate to sweep away the roadblocks noted above and many more in the drive to transform global settlement. It can enable banks to make transactions transparent to all relevant parties in minutes. The evolution of the financial account paradigm into the token paradigm via blockchain technology enables traditional assets like fiat currency, securities and commodities to be digitized as tokens. Blockchain technology can "mirror"virtually any asset for instantaneous value transfer between parties, with complete transparency.

This technology eliminates the need for much of the middle-office processing used to successfully confirm transactions and identities between parties. Real-time settlement reduces the need to spread reserves across multiple exchanges, optimizing capital utilization and reducing trading costs.

Banks and other parties to a transaction are ready to benefit from the next generation of blockchain-based solutions. The latest blockchain technology advancements are fully capable of creating a network that goes beyond simply being a messaging service like SWIFT to one that optimizes transactions using smart contracts to fulfill the settlement lifecycle. Participants on such a network can transact and have the transaction visible and settled between parties in minutes or even seconds instead of days, leading to significant increases in transparency and efficiency in step with cost reductions.

The banking industry could be on the verge of moving settlement to the next level. Transaction participants are hungry for a new kind of transparent, global 24/7 network boosted by seamless access and near-instant transactions for a fraction of today's costs. Banks must take courageous action to transcend the status quo. The speed, cost savings and customer satisfaction rewards of a blockchain-based settlement network will reward their bravery.

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Blockchain technology will remove barriers to instant international settlement - Banking Dive

Blockchain is a growing technology that as helped businesses helm their financial transactions and revolutionise the way they store data. However, it comes with its own list of pros and cons that firms must consider before implementation.

FREMONT, CA: The 21st century has primarily driven several technological practices, and the financial world is not necessarily untouched by it. Blockchain has emerged as a digital leader to cater to all kinds of transactional leads, offering a safe and secure harbor.

A blockchain is a tech tool that facilitates the transfer of digital currency, for instance, cryptocurrency, and other similar assets. It has played a pivotal role in advancing the usage and reach of cryptocurrency by offering multi-fold benefits.

Offers Transparency- It offers unique transactional transparency that is absent in traditional mediums, and is commonly termed as an "incorruptible digital ledger" or record. It paves the way for verification without the need to rely on external or third parties.

Maximum Trust Verification- All transactions and detailed parts of the block secured by protected cryptography shall take its entry only after the maximum trust verification. Every participant will have a say in what all recorded in the ledger. Additionally, there would not be an alteration in the data or deletion due to the append-only feature.

Decentralization- Another unique feature of blockchain is the decentralization of data, where data transactions are stores in millions of devices partaking in the chain. Therefore, recovering lost data is as easy as a breeze.

While there is an evident upside to it, blockchain comes with its fair share of drawbacks. Industry experts have pointed out that blockchains often become overhyped. Businesses are advised to strategically evaluate their company needs, to ascertain if blockchain is indeed feasible for them. Few might not even see the returns in the initial years.

Although it is far into the mainstream, blockchain should be not be trusted blindly. Even with a complex algorithm, there is always the chance that hackers can use the most advanced technologies. Sometimes the stored data might not be agreeable or trustworthy to all participants.

Although the pros outweigh the cons, the current market climate is still acclimating to the changes brought about by cryptocurrency. They are still restricted optimum exposure required for blockchain tools to thrive.

See Also:Top Fintech Solution Companies

Read more:

What are the Pros and Cons of Blockchain? - CIOReview

The government of South Korea is trying its best to adopt blockchain technology in various industries. The countrys central bank is reviewing the use of a central bank digital currency, and various government ministries want to adopt decentralized identification features within their current systems. Hospitals, pharmaceutical companies and research centers are also looking at blockchain solutions.

Everyone knows that blockchain can help the medical industry, but at the same time, applying a new blockchain service structure to traditional industries is not so quick and simple. Lots of testing needs to be done before it can be to be applied in peoples daily lives.

The South Korean government is encouraging blockchain technology and conducting several proof-of-concept projects to find a proper way to connect blockchain to the current system. The nations Ministry of Science and ICT and its National IT Industry Promotion Agency started blockchain proof-of-concept projects in 2019.

As governments globally struggle with the healthcare implications of the coronavirus pandemic, their focuses have invariably shifted away from many chronic diseases and conditions to the more pressing concern of bringing the pandemic under control.

But behind all the noise, government health organizations are making impressive steps forward in the ways in which they use technology to analyze and respond to the challenges that chronic conditions such as diabetes and cardiovascular disease place on populations and healthcare systems.

Professionals working within health departments have long had to contend with a lack of funding that often forces them to rely upon legacy computer software and hardware that is unsuited for a fast-changing healthcare system.

This is where blockchain, and the underlying cryptocurrencies that support it, can play a role, bringing decentralized solutions to departments that rely on clear, accurate daily information to treat their patients.

In South Korea, a country that is very open to blockchain technology and its potential, this new technology is now being used to develop a blockchain-based data registry platform that has been set up to help more than 11 million people living in the country who suffer from chronic conditions such as diabetes and cardiovascular disease.

Diabetes debilitates its sufferers, leading to a reduced quality of life and a dependence on ongoing treatment and drugs to keep the disease at bay. The International Diabetes Foundation estimates that as of 2019, 463 million people suffer from diabetes globally, while South Korea has over 5 million people who struggle with the disease.

Many hospitals and laboratories rely on centralized solutions and databases to coordinate data collaboration, a method that makes it almost impossible to track the use and manipulation of the typically huge volumes of data collected and used by healthcare providers.

The use of blockchain in ordering and storing such a large amount of data will ultimately lead to efficiency improvements for healthcare staff, which means they will be able to spend more time with the people who matter: the patients.

South Korea passed new data-related regulations that will be effective in December. Once the regulations are applied, more corporations are expected to look to the benefits of blockchain for data management and storage.

Current data management systems do not allow corporations to manage data properly, as they cannot track data access or use, so some feel data management and storage could be streamlined and improved using blockchain.

With government support, blockchain adoption isnt far away, but it depends on whether people are ready to accept this new structure in certain industries. Nobody wants to be the first one to do it and take the risk, but the work of pioneering businesses means we are only one step away from much wider adoption of blockchain technology.

The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Henry Hong is the CEO of Sendsquare, which created the Fleta blockchain. Fleta is a blockchain platform designed to resolve the issues of current blockchain platforms and create a sustainable blockchain ecosystem.

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South Korea Brings Blockchain to Healthcare, but Thats Just the Start - Cointelegraph

VALLETTA, Malta, July 17, 2020 /PRNewswire/ -- OKEx(www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, announced that the launch of its 15th token sale project, on OKEx Jumpstart, will be on July 29. Based on blockchain technology, ATTN is committed to creating a closed-loop network ecology with the core goal of maximizing the value of esports intellectual property.

Established in 2016, ATTNhas become the largest esports eco-industry alliance in Southeast Asia with a global player base of more than 25 million. Featuring several popular self-designed player-versus-player games, the ATTN platform is about to integrate all of the business practices in the gaming industry, while the ATTN token is applied for the exchange of all services and applications across the entire ecosystem in order to address the adverse effects of a centralized platform.

"We are pleased to see more and more industries, like esports, entering the blockchain world, which shows that the ability of blockchain to transform traditional industries is increasingly recognized by the public," said OKEx CEO Jay Hao. "ATTN is the most popular esports alliance in Southeast Asia and has a lot of influence. We believe that the combination of ATTN and blockchain will benefit both the gaming and blockchain industries. technology will help the ATTN platform improve fairness and transactional efficiency, while ATTN will, at the same time, help blockchain enhance its influence in a wider field."

"We are glad to reach cooperation with OKEx, to jointly promote the popularity of blockchain. The characteristics of esports fans and crypto users have a great degree of overlap. We believe that esports will be a better entrance for crypto adoption," said Daniel Santos, CEO of ATTN. "Blockchain is one of the most promising technologies of the 21st century. We believe blockchain technology can transform the gaming industry and bring users a fairer and more transparent gaming experience."

Subscription details

ATTN has a total supply of 1,000,000,000, and the token will be available on OKEx Jumpstart at 0.04 USDT per ATTN while the private sale price for ATTN is 0.08 USDT per ATTN with an individual minimum subscription amount of 12,500 ATTN. OKB is the only token accepted for the subscription and settlement. The exchange rate of OKB/USDT will be confirmed on the sale day. There will still be two subscription sessions on July 29. The OKBelievers Exclusive Allotment Session will open at 4:00 am UTC, and the OKTraders Privilege Allotment Session will open at 5:00 am UTC.

OKBelievers Exclusive Allotment Session: 25,000,000 ATTN

Individual cap: 100,000 ATTN

Oversubscription limit: None

OKTraders Privilege Allotment Session: 25,000,000 ATTN

Individual cap: 100,000 ATTN

Oversubscription Limit: None

Following the token sale, the ATTN/USDT and ATTN/USDK spot trading pairs will be available at 7:00 am and 9:00 am UTC on July 29, respectively. For more information, please visit OKEx Academy.

For further information, please visit our website.

About ATTN Token (ATTN)- 15th Project of OKEx Jumpstart

How to Participate in OKEx Jumpstart 15th Project ATTN Token (ATTN)

END

About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading including futures, perpetual swap and options of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

Logo - https://mma.prnewswire.com/media/751455/20180925182721_Logo.jpg

SOURCE OKEx

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OKEx Jumpstart to Launch Its 15th Token Sale With ATTN English English - PR Newswire India

Market Overview:

A blockchain is a distributed, decentralized and public digital ledger that is used to record communications across computers so that the record cannot be transformed retroactively without the modification of all subsequent blocks. This permits the contributors to audit and verify transactions inexpensively. A blockchain database is managed autonomously using distributed time-stamping server and peer-to-peer network. The use of a blockchain eliminates the characteristic of infinite generation of data from a digital asset. It approves that, each unit of value is transmitted only once, thus resolving the long-standing problem of double capital expenditure. Global blockchain market was valued, in 2017 USD XX million and in 2025 is expected to reach at USD XX million with growing CAGR of XX%.

Market Dynamics:

The driving factors for the growth of his market are reduced total cost of ownership and growing demand for distributed ledger technology. Growing demand for simplified business processes, increasing cryptocurrencies market cap and initial coin offerings, and creating transparency and immutability are also some of the factors also driving growth of this market.

Request For ReportSample@http://marketgrowthanalysis.com/reports/sample/333

However, high adoption of blockchain for payments, smart contracts, the transformation of international trade and supply chain management, digital identities are anticipated to boost the growth of blockchain market in upcoming years. In addition, adoption of blockchain technology and increasing importance for communication service providers, and a new breed of programmable blockchain platforms would create beneficial market opportunities.

Market Players:

Some of the key players offering blockchain solutions include Amazon Web Services, Inc., BTL Group Ltd., Chain, Inc., Coinbase, Digital Asset Holdings LLC., Earthport PLC, Factom, International Business Machines Corporation, Microsoft Corporation, Ripple, Abra, AlphaPoint, and Bitfury Group Limited.

Market Segmentation:

The global block chain market is segmented into application, organization size, provider, industry vertical and geography. The application segment for the blockchain market is sub-segmented into payments, exchanges, smart contracts, documentation, digital identity, supply chain management, governance, risk and compliance management and others. Based on provider, the market is classified into application and solution provider, middleware provider and infrastructure and protocol provider. On the basis of organization size the market is bifurcated into small and medium-sized enterprises (SMEs) and large enterprises. Furthermore, based on industry vertical, the market is classified as banking, financial services, and insurance (BFSI), government and public sector, healthcare and life sciences, media and entertainment, retail and e-commerce, travel and hospitality, transportation and logistics, real estate, it and telecommunications and others.

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Market segmented based on application: Payments Exchanges Smart Contracts Documentation Digital Identity Supply Chain Management Governance Risk and Compliance Management Others

Market segmented based on provider:

application and solution provider, Middleware provider Infrastructure and protocol provider

Market segmented based on region:

North America US Canada Mexico Europe UK Germany France Rest of Europe Asia-Pacific China Japan India Australia Rest of Asia-Pacific Latin America Brazil Rest of Latin America Middle East and Africa (MEA) South Africa Saudi Arabia Rest of MEA

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Blockchain Market Business Analysis, New Innovation | Share, Revenue, And Sales Till 2028 - Kentucky Journal 24

Samsung Blockchain And Stellar Collaboration

TheStellarDevelopment Foundation (SDF), a non-profit organization that supports the development and growth of theStellarnetwork, today announced the integration ofStellarinto the Samsung Blockchain Keystore.

The integration will allow Samsung device users to be able to securely store the private keys associated with their Stellar blockchain wallet. This solves what has traditionally been a challenging part of the blockchain user experience which is the ability to manage private keys in a secure manner. Typically, the more secure the solution, the more challenging the experience is for the user.

The ability to manage private keys in both a secure and user friendly way is a key hurdle that the blockchain community must clear if it is able to expand its appeal to a broader set of mass market users from the technologically inclined early adopters and hobbyists that predominantly use the technology today.

To have a really simple way for users to store their keys and utilize them on-chain is so important, and why we are excited about this announcement, said Denelle Dixon, CEO and Executive Director of SDF in an interview.

While software wallets that store private keys on behalf of users on computers and devices have been available for some time, they have often suffered from security vulnerabilities as they share the phone, tablet or computer with other applications which can eavesdrop on the software and steal private keys. As a bearer asset, those with the private keys have full control over a users funds and recovery from theft is seldom successful.

A more secure approach is to use hardware level segregation, where a separate computer processor that can only be accessible by authorized software is used to protect keys from prying eyes. Thats a capability that has Samsung rolled out, as Forbes.com reported on earlier in the year.

"We created a secure processor dedicated to protecting your PIN, password, pattern, and Blockchain Private Key," Samsungwroteon its website, announcing the new S20 Galaxy phones. "Combined with the Knox platform, security is infused into every part of your phone, from hardware to software. So private data stays private."

Samsung has supported Ethereum since the release of its Galaxy S10 in March 2019, and then added bitcoin support in the summer of the same year. Since then, over 30 digital coins, including stable coins have been integrated into the phone.

With this integration, SDF has aligned itself with a formidable distribution partner; the electronics giant which makes up 19% of global smartphone sales and last year sold almost 300 million phones according to data siteStatista.

While the wallet and Keystore is only available on a handful of devices and regions Samsung Galaxy Smartphones: Galaxy S20 Series, Galaxy Z Flip, Galaxy Note 10 Series, Galaxy Fold, Galaxy S10 series as people cycle through their devices to newer models, there will be a natural increase in adoption of Samsung devices that use the Stellar blockchain.

The new Samsung S10 phones are displayed in a demonstration room after an event Wednesday, Feb. 20, ... [+] 2019, in San Francisco. Samsung is hailing the 10th anniversary of its first smartphone with three new models that seem unlikely to reverse a sales slump in an industry recycling the same ideas. The S10 line-up unveiled Wednesday in San Francisco all boast fancy cameras, sleek screens covering the entire front of the device and at least 128 gigabytes of storage, the most important features to consumers looking for a new smartphone. (AP Photo/Eric Risberg)

Stellars integration into the Samsung Blockchain Keystore is a significant step for our network and the incredible ecosystem of applications built on this platform. Samsung provides a key management solution that is user-friendly and drives greater adoption of blockchain technology. With this integration, weve opened up to a new network of users that can benefit from the combined innovation ofStellarand Samsung, said Dixon.

For SDF, its not purely the ability to provide an easy-to-use key management capability that is exciting for the organization, its also the opportunity to further grow the ecosystem by providing a platform around which Stellar-based business can build innovative applications that can be used by users.

With Stellars blockchain services now being available through the Samsung Blockchain Keystore,Stellarecosystem developers are able to create blockchain apps and services for Samsung Galaxy Smartphones, in addition to existingStellar-based products and applications.

Thats a point reinforced by Dixon: Its just the beginning as we work together to empower more developers and users to leverage blockchain and the capabilities presented by this integration.

At the time of announcement, at least fourStellar-based businesses have committed to adopting the requisite SDKs to make their applications available in the Keystore, including DSTOQ, SatoshiPay, Litemint, and Nodle.

The Smartphone Race Is On

Samsung is not the only phone provider to have dived into crypto. Phone manufacturer HTC was one of the first to market with the announcement in 2018 that its Exodus 1 smartphone would be able to natively store bitcoin or Ether cryptocurrencies.

Device manufacturer Apple AAPL , which company holds 12.4% of the smartphone market, has been notably coy about their cryptocurrency aims. Apples devices also have secure keystore vault, which is accessible through the companys CryptoKit SDK. The Software Development Kit was released in the summer of last year but without the fanfare that similar developments by Samsung and HTC received.

Apple, it seems, seem to be prepared to support crypto, but have no appetite for making it the centerpiece of their brand in the way that Samsung and HTC appears to have done. Perhaps its because the company has been working on a geographic expansion into China which has adopted a hostile position towards cryptocurrency, in general. Alternatively, Apple, never one to be a follower, may be of the opinion that it is best to emphasize technology where it has demonstrated a first-mover advantage and play down where it is a fast follower on the heels of its competitors innovations.

SDF Continues To Progress Well

Notwithstanding, the lack of appetite from Apple, SDF appears to be on a roll with its partnership with Samsung. The foundation, in fact, has had a busy year so far.

Earlier in the year, SDF announced that it had partnered with wallet provider Abra in a move which intends both to put the storage and trading of Stellar into the hands of retail users in developed countries as well as providing an alternative banking offering for those in disadvantaged countries that are subject to capital controls and high inflation who wish to work outside the traditional monetary system.

Abra's wallet now integrates with Stellar

Abra was in the news recently, for settling a case with the SEC and the Commodity Futures Trading commission concerning the illegal sale of security-based swaps to investors, which was a mechanism that the wallet provider briefly provided to U.S. users as a way of synthetically representing cryptocurrencies.

See the article here:

Samsung Doubles Down On Crypto With Support For Payments Blockchain Stellar - Forbes

Better Business Bureau, or BBB the charity giant behind Give.org launched a privacy-focused donation platform built on the Ardor (ARDR) blockchain.

According to a July 4 announcement, BBBs charity monitoring organization Wise Giving Alliance launched blockchain-powered donation platform, GiveSafely.io. The platform uses distributed ledger technology to facilitate donations to BBB-accredited charities while ensuring donor data is only shared when permitted:

The platform also aims to restore trust in the online donation model, address concerns people have about misuse of their personal data and potential hacks. All personal information is stored on the Ardor blockchain and is only accessible to charities with donor permission.

Head of GiveSafely, Ezra Vazquez-DAmico, explained that GiveSafely enables a peer-to-peer donor-charity relationship. Furthermore, the platform does not have access to its users personal information, donations, or payment details.

Cryptocurrency holders can donate crypto assets directly to charities. This is motivated by an Edelman report stating that 25% of wealthy Millennials hold or use digital currencies and 31% have expressed an interest in using it. Fiat donations are also accepted.

Per the announcement, the move is meant as a way to attract younger donors. The announcement reads:

GiveSafely.io has been launched with the aim of reaching out to younger and more technologically proficient donors who are less likely to make donations compared to older or less technologically savvy ones.

Furthermore, donors using the platform will also be rewarded with charity experiences. Those experiences are 15-20 minutes long and include healthy cooking tips and discussions about how it is to work at the charity involved.

Charities available on the platform include Save the Children, Easterseals, Physicians Committee for Responsible Medicine, Population Media Center, RedRover, Wild Animal Sanctuary, Cure Alzheimer's Fund and World Emergency Relief.

Cryptocurrencies and blockchain technology enable a particularly high transparency standard and lower transaction costs. Both features are highly sought after in the space of charitable donations where every penny counts.

According to Ray Youssef the co-founder and CEO of peer-to-peer crypto exchange Paxful the future of philanthropy lies in blockchain technology. In May, his firm actually launched a fundraising campaign to combat the ongoing pandemic in Africa.

Read the rest here:

Charity Giant Behind Give.org Launches a Blockchain Donation Platform - Cointelegraph

The J.M. Smucker Company is working to pioneer a new era in coffee transparency by utilising blockchain technology.

Smuckers is partnering with Farmer Connect, a startup which utilises IBMs blockchain to tackle traceability in the farm-to-fork journey. The company came to prominence when launching its consumer-facing provenance app at this years CES which until this year was hardly a hive of blockchain activity.

Now, that consumer-facing app has a major client on board. Once consumers scan a QR code on their bag of coffee, their device will take them to the Thank My Farmer website, which provides information about where their coffee was grown, processed and exported. The coffee being trialled by Smuckers is the 1850 100% Colombian bagged.

The company cited a study from the IBM Institute for Business Value which found 71% of those surveyed, who said sustainability was very important, would pay a premium for sustainable and environmentally responsible brands.

We know that consumers are increasingly interested in transparency in the supply chains for the products they enjoy, and we have been committed to helping promote this as part of our coffee sustainability strategy, said Joe Stanziano, SVP and general manager of coffee at The J.M. Smucker Company.

Our work with Farmer Connect and IBM not only helps connect coffee lovers to the producers who provide their favourite morning drink, it also gives them the opportunity to support these hardworking smallholder farmers and their families.

Speaking to this publication at CES in January, Jason Kelly, general manager for blockchain services at IBM, said sustainability drives will continue to increase, both from blockchain and other emerging technologies. IBM is seeing blockchain act as a catalyst for AI, IoT, and automation across the industry at large, from provenance of electronic components in the supply chain, to consumer confidence and trust in products and services, including ethical sourcing and sustainability of what makes up those products, he said.

Read more: From bean growing to bean counting: Farmer Connect launches coffee provenance app with IBM blockchain

Photo bykarl choronUnsplash

Interested in hearing more in person?Find out more at theBlockchain Expo World Series, Global, Europe and North America.

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Smucker's works with Farmer Connect for blockchain-based coffee transparency - The Block

Singapore has successfully developed a blockchain payments network ready for commercial adoption, the nations financial authorities said Monday.

Called Project Ubin, the joint endeavor is supported by the city-states central bank, the Monetary Authority of Singapore (MAS), and the island nations sovereign wealth fund, Temasek, plus JPMorgan. The network allows for faster, cheaper, and safer international payments, according to a joint report.

While still a prototype, the network allows payments in different currencies to be cleared and settled within the same network using distributed ledger technology, the firms said. MAS and Temasek asserted that Project Ubin was developed to be production-ready.

Additional technical details on the prototype would also be made publicly available to spur additional innovation from the industry, MAS and Temasek said.

This has built a strong foundation of knowledge, expertise, and experience, and paved a path towards commercial adoption, Sopnendu Mohanty, chief fintech officer at MAS, said in a statement.

This validates Temaseks efforts in exploring and building blockchain solutions focusing on digital identity, digital currencies, and financial asset tokenization, Chia Song Hwee, deputy chief executive at Temasek, said in a statement.

We look forward to supporting commercialization efforts emanating from Project Ubin and other application areas, with a view to drive greater adoption of blockchain technology, he added.

Temasek has long been vocal about its support of a blockchain-based payments network, which advocates say would save billions of dollars in transaction fees. In 2017, deputy chief Chia said the allocator will support the next generation of distributed ledger technology.

Earlier this year, Temasek also joined Libra Association, the global consortium backed by Facebook thats developing a blockchain-based currency. Members of the Libra network are expected to act as validator nodes, which are independent individuals or servers on the blockchain that validate and maintain an immutable history of transactions.

Related Stories:

Temasek Joins Facebook-Backed Libra Association

Blockchain Could Save a Country Billions, Report Says

Singapore Sovereign Wealth Fund Slices Pay Due to Virus

Tags: blockchain, Cryptocurrency, holding company, Investment, Sovereign Wealth Fund, Temasek

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Singapore Readies International Blockchain Payments Network for Adoption - Chief Investment Officer

Coinbase will host its first investor day, New York State prosecutors won a jurisdictionaldispute involving Bitfinex and a protocol arms race is unfolding in Latin America. Heres the story:

Youre readingBlockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why theyre significant. You can subscribe to this and all of CoinDesksnewsletters here.

Top shelf

Not Your Traditional Investor DayOn the same day Reuters reported Coinbase is looking to go public, the exchange scheduled itsfirst-ever investor day,for Aug. 14. Investor days can often signal a planned direct listing, Jamie McGurk, a former operating partner at Andreessen Horowitz, has said.This will not be a traditional investor day, but rather an opportunity to hear our perspective on the cryptoeconomy and learn about Coinbases role in the ecosystem, said Coinbase spokesperson Daniel Harrison.

Employment KerfuffleFormer Tron Foundation employees arechallenging a court orderallowing the foundation to settle a lawsuit through arbitration, rather than in court. The initial complaint centers around allegations of wrongful termination and hostile work practices at BitTorrent, a file-sharing service acquired by the Tron Foundation.

Appeal DeniedBitfinex will have toface allegations from New York State prosecutorsthat it lost $850 million in client and corporate funds and tried to cover this hole with funds from the affiliated tether stablecoin, according to a ruling by the State Supreme Courts Appellate Division on Thursday. The exchanges parent iFinex initially claimed the prosecutors didnt have jurisdiction over the Hong Kong-headquartered firm, which the appeals court rejected. The court also dismissed the argument that tether was neither a commodity nor a security.

Canaan ShakeupThree Canaan Creative directors were dropped from the companys business registry, promptingspeculation of a power grab.For months an internal power struggle between co-founders Micree Zhan and Jihan Wu has wracked the Nasdaq-listed firm, which has been suffering growing competition and reduced profits following the Bitcoin networks programmatic halving.

Ethereum v. EOSEthereum and EOSIO are battling it out overenterprise blockchain businessacross Latin America. The square up pitsConsenSys in one corner and LatamLink in the other, a project backed by the Inter-American Development Bank, over which decentralized protocol will win the arms race.

Quick bites

The big picture

Venezuelas Real Use CaseAfter airdropping cryptocurrency to 60,000 users in Venezuela, an AirTM survey gives a snapshot ofhow crypto is actually used in the economically troubled nation.

Venezuela is often a proving ground for do-gooding crypto companies and protocols. Payments network Dash, for one, famouslymade headwayin the nation beset by hyperinflation.

AirTM distributed approximately $300,000 worth of crypto to Venezuelans, and while only 57% of recipients engaged with the funds, many were able to successfully use the donations to buy food and medicines. Others began treating the AirTM platform as a personal bank.

The bigger picture is coming into focus: Crypto only becomes a viable alternative to traditional financial systems if there is robust infrastructure to support it. If Venezuela offers an example of bitcoin usage, then it appears there is user demand for bitcoin-friendly services provided by a regular fintech company, CoinDesks Leigh Cuen reports.

Market intel

Balance Sheet Contractions. Bullish for Bitcoin?As the U.S. Federal Reserve begins to unwind its balance sheet,contracting $88 billion to $6.97 trillion(-1.5%) in the week ending July 8, some crypto observers are saying this could have negative consequences for bitcoins price. Thats because in recent months bitcoin has been positively correlated with traditional assets, which have rallied on the back of the Feds balance sheet expansion. But thats far from the consensus view. Zooming into the details of the Feds balance sheet reveals the reduction has been primarily driven by a drop in demand for emergency liquidity measures, a sign the coronavirus-induced stress in the financial system has eased, CoinDesks Omkar Godbole writes.

Opinion

Blockchain Credentials, Not CredentialismBlockchain certification can verify expertise and experience, making transferring schools and changing jobs easier. Butcertificate proliferation may be a bigger problem,argues Stephanie Hurder, a CoinDesk columnist and founding economist at Prysm Group. Non-degree credentials, such as badges and certificates, in particular are rapidly multiplying because they can now be digitally transmitted and verified at a minimal cost, she writes.

Podcast corner

Inequality, Social Chaos, Bankruptcy RalliesFrom the Robinhood Rally to the most profit-disconnected stock market in history, these are the mostinteresting ideas from FinTwitlast month.

Who won #CryptoTwitter?

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Blockchain Bites: Coinbase's Untraditional Investor Day and the Ethereum-EOS Arms Race in Latin America - CoinDesk - CoinDesk

In brief

Chinas Ministry of Human Resources and Social Security (MOHRSS) recently announced that two blockchain occupations, Blockchain Engineer and Blockchain Application Operator, have been added to its list of official occupations.

The list defines 'Blockchain Engineer' as someone that works on architecture design, programming, system application, and testing. 'Blockchain Application Operator' focuses on technicians who use blockchain applications in industry, education, or the public sector.

Codifying a Blockchain Engineer as separate from a regular software engineer is significant for the industry, because it allows statisticians and other stakeholders to understand the size of the labor force and participation in it. Universities could look at demand from industry and plan curriculums accordingly.

Another example: the first sign of a bubble bursting in the blockchain sector might come when the headcount of Blockchain Engineers goes down and the number of generic software engineers increases. Conversely, a continued year-over-year rise in the number of people employed in blockchain occupations would show that the industry is sustainable.

An official designation also means the start of the regulatory process for the industry. ST Daily reports that professional standards for those working in the blockchain industry are coming down the pipe, similar to how other occupations also have a code of ethics for the job.

Netizens generally reacted positively to the news. China Dailys coverage of the announcement received 1500 likes and 450 reposts on social media platform Weibo. Some blockchain-related companies also made recruitment advertisements in the comments: we are hiring blockchain engineers, PM me for more information.

The first reference book codifying occupations in China was published in 1999. Its updated on an annual basis with new occupations added as the economy evolves and new industries emerge. 2019s edition, for instance, added 'eSport Athlete' and 'Drone Pilot' to the directory, a sign of the continued growth of the eSports industry and the ever-increasing commercial and governmental applications of drones.

Some of the other occupations added to this years list? Live-streaming online marketing specialist, and online teacherboth trades that have exploded in popularity as hundreds of millions are stuck inside on their computers thanks to COVID-19.

Link:

China adds blockchain job titles to its official list of occupations - Decrypt

ValidateMe claimed to enable the school to store and access their digital records, remotely

The platform is said to enable the school to store and access their digital archives, perform background verifications and feedback consolidations faster

The global blockchain solution is expected to create close to 395 Mn jobs and generate $10.1 Tn in business opportunities, report

This week, Delhi NCR-based IB candidate school Prometheus announced its partnership with blockchain-based background verification platform ValidateMe to enable access to students records, anytime, anywhere. The platform is said to enable the school to store and access their digital archives, perform background verifications and feedback consolidations faster.

Simply put, this platform gives the school a distinct advantage to the students by setting up digital validated records right from the early years of their education. For parents, this platform will allow access to not just current digital records, but records spanning their childs entire educational journey. Most importantly, it simplifies the students onboarding process in a much more efficient and scalable manner.

According to the Future of Nature and Business study, published by the World Economic Forum, revealed that the blockchain solution could have the capacity to create close to 395 Mn jobs and generate $10.1 Tn in business opportunities in the next ten years. The report also stated that blockchain technology could significantly reduce food wastage in the supply chain, contributing up to $365 Bn.

The report also cited that pilots in Benin, Ghana, India and Rwanda suggested that relatively low-cost storage techniques and handling practices can reduce post-harvest food loss by more than 60% and raise marginal farmers incomes by more than 30%. Citing IBM Food Trust, the report stated that the many players like Walmart, Nestle and Tyson Foods have already started implementing blockchain-based supply chains.

Furthermore, the report also highlights the use case of blockchain applications in energy and mining supply chains, which could potentially generate an opportunity worth $30 Bn in 2030. The WEF said that the scale of blockchains potential will help create $3.5 Tn of value in energy and extractive systems.

In the recent report released by WEF on blockchain business opportunity and jobs across three socio-economic systems shows that the industry can deliver close to $10.1 Tn of annual business opportunities and 395 Mn jobs by 2030, globally.

The US Food & Drug Administration (FDA) unveiled a new initiative focused on food safety leveraging blockchain tech in tracking products. The authorities have released a blueprint document. Accordingly, the food administration body will be using emerging technologies to enhance existing systems and build new ones.

Citing the real-time movement of planes, ride-sharing, and packaged goods, on how it is being tracked using digital tools in the recent past, the FDA in the document noted that its stakeholders should be looking at new technologies such as artificial intelligence, IoT, sensor and blockchain to effectively track and trace food.

New York-based enterprise blockchain technology company R3 recently announced that it has ventured into setting up a corporate bond technology platform called LedgerEdge. The platform offers secondary trading options in the corporate bond market. Most importantly, the new solution aims at improving market liquidity amid the pandemic-induced inefficiencies, thereby creating a centralised store of data and avoiding data leakage.

David E Rutter said that the secondary market for corporate bonds is on the rise, but the existing platforms dont serve the purpose. Working with the industry, we will build a platform that solves the challenges of locating and promoting liquidity and data ownership once and for all, he added.

In a bid to promote digitisation across all in the industry in the post-Covid era, the South Korean government announced its plans to invest over $48.2 Bn in blockchain and other Industry 4.0 technologies for the next five years. Filling the gap, South Korea President Moon-Jae said that the new industrial revolution would bring several benefits that the new industrial revolution could bring to the county, as per his interaction with ZDNet, With this, the plant aims to create close to 56K jobs across different sectors, including big data, networks and article internet.

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Blockchain This Week: Prometheus Partners With ValidateMe To Access Records & More - Inc42 Media