IOHK and BeefChain join forces to improve food traceability

 

The team behind the Cardano Block Chain (ADA), IOHK, partnered with Wyoming-based BeefChain to use blockchain technology to improve food safety and traceability.

IOHK, which moved to Wyoming in 2019, announced the partnership at the Cardano 2020 virtual event. Chief Commercial Officer Jerry Fragiskatos stated that the solution will benefit both consumers and producers by addressing issues such as food safety and recalls.

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The partnership will use DLT technology to standardize processes for tracking and recording meat products throughout the supply Bitcoin Rejoin chain, from farms to markets. BeefChain President Steven Lupien said it will lead to a number of benefits in certification, traceability and consumer involvement:

„Our [BeefChain’s] partnership with IOHK brings state-of-the-art technology to farmers … We are not technologists [and] IOHK is providing the backbone of our system and it is safe, transparent and scalable. IOHK has provided everything we needed and more.“

By partnering with IOHK, BeefChain will be able to better certify ranchers through a verified process program (PVP) that focuses on quality assurance metrics such as grass-fed, zero-hormone treated beef products. The RFID tag data will be stored in Cardano.

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Lupien said consumers will receive a QR code along with the beef, linking them to information on the website about the meat and the ranch that produced it.

„Our consumer product is available to enhance the consumer experience and to help educate the consumer about where their product comes from ? back to the rancher, where you can meet the family that produces it.

The benefits are there for all to see

Wyoming State Representative and BeefChain Program Director Tyler Lindholm emphasized Blockchain’s ability to reduce supply chain costs by, for example, reducing the time of a product recall from days to seconds. He said Walmart’s FoodTrust program had reduced a recall procedure from 6 days to 2.5 seconds and reduced the cost of each recall by millions:

„As soon as they found out how fast they could do it, they immediately informed all of their producers that they really had no other option and needed to make a quick transfer to their new system. That was good for the blockchain network, for food security and for traceability.“

The U.S. FDA sees the blockchain as a solution to improve food safety

Australia also fights beef fraud
The Australian beef tracking platform BeefLedger is another company that understood the potential of DLT technology in the supply chain sector. Based in Australia, they focus on food safety and fraud issues, particularly for exports to China.

According to Beijing-based industry expert Ian Lahiffe, for every 1 kg of genuine beef sold in China, there is 3 kg of beef that is not from the declared country.

How to use Halving Bitcoin for CFD Trading

The most anticipated event for the crypto ecosystem is 4 days away, while the price of the BTC continues to rise easily. If you’re interested in taking advantage of Bitcoin’s Halving to trade, CFDs are an excellent tool.

About Bitcoin Halving

Bitcoin code is programmed to run a protocol approximately every 4 years, the Halving. It’s designed to halve the rate of production of new Bitcoins and reward members working on your network.

During its 11 years of life it has gone through 2 Halves, and today we’re just a few hours away from seeing the third one.

On both previous occasions, the price of The News Spy, Bitcoin Billionaire, Bitcoin Compass, Bitcoin Trader, Bitcoin Revolution was impacted by this event. Many hope that this time will not be the exception, which will occur in an unprecedented economic environment.

For the miners, the drastic reduction in rewards sounds like a bad thing, but this could only be for the short term. Investors who are betting on the project remain positive, which in itself is already eliminating much of what could be a negative scenario for Bitcoin in the face of its Halving.

Today, we see Bitcoin fully strengthened, able to recover from a recent low of USD 3,850, looking for the 2020 high, above USD 10,000.

Will the price of Bitcoin exceed $10,000 before its Halving?

What is Halving for?
The main objective of Halving is to maintain the scarce nature of the project. The lower the supply, the more stable the demand, or the higher the price of Bitcoin is expected to be.

Although the past does not assure what will happen in the future with the price, it does show a vision of the sentiment of the investors in the face of the deflationary nature of the project.

The conditions are not the same either. While for some, the collapse of the economic system could be beneficial for Bitcoin, others are of the opinion that this asset is not prepared to face a situation as it is. Fluctuations depend on consensus, and what the price shows today is positivity for the future.

Why is it worth investing in CFDs to take advantage of Bitcoin Halving?

CFD stands for Contract for Difference. As the name implies, these are contracts by which two parties agree to make an exchange between the entry and exit price of the asset to which the agreement is attached.

Because it is such a versatile tool, many advantages arise from its use. That is what we will see next, of course not everything is pink, some cons also exist.

Krypto-Unternehmen sehen Uptick in Volumen inmitten globaler Unsicherheit

Obwohl die Welt aufgrund von Maßnahmen zur Verhinderung von Coronaviren weitgehend zum Erliegen gekommen ist, haben die Krypto-Unternehmen MoonPay und Wyre einen Anstieg der Volumenzahlen verzeichnet.

„Wir haben in den letzten Wochen einen enormen Anstieg des Einzelhandelsvolumens festgestellt“, sagte Jack Jia, Leiter des institutionellen Vertriebs für das Krypto-Zahlungsunternehmen Wyre, in einer E-Mail vom 3. April gegenüber Cointelegraph.

„Anfangs gab es einen höheren Anstieg des Sell-Side-Volumens, kurz bevor die Märkte zusammenbrachen. Dann haben wir 3 Tage hintereinander auf der Käuferseite damit begonnen, die Verarbeitungskapazität zu maximieren, unmittelbar nach dem Preisverfall vor einigen Wochen “, fügte er hinzu.

Mehr Kryptonutzung bei globaler Unsicherheit?

In den letzten Wochen haben die Mainstream-Märkte angesichts der Ängste vor Coronaviren erhebliche Bitcoin Era Aufwärtsbewegungen verzeichnet, obwohl die letzten Tage Anzeichen von Leben und eine leichte Erholung gezeigt haben.

Bitcoin fiel zwischen dem 12. und 13. März zusammen mit den Befürchtungen des Mainstreams um rund 50%. Bitcoin schien vor einigen Wochen von den traditionellen Märkten entkoppelt zu sein, handelte jedoch seitwärts und dann nach oben, wohl unabhängig von den Mainstream-Märkten.

„Institutionelle Anleger haben sich nach 2017 verstärkt mit dem Kryptohandel befasst. Als die traditionellen Märkte Anfang März endlich einer großen Korrektur unterzogen wurden, versuchten alle an der Wall Street, ihre Position in USD zu verlieren, und das scheint die Kryptomärkte damit in Mitleidenschaft gezogen zu haben “, sagte Jia.

„In den folgenden Wochen sehen wir jedoch immer noch anhaltend höhere Volumina auf der Käuferseite, hauptsächlich von Bitcoin, sowohl von Privatanwendern als auch von institutionellen OTC-Kunden“, fügte er hinzu.

Krypto-Währungsbetrugs laut Bitcoin

Andere Unternehmen sehen ebenfalls einen Anstieg der Aktivität?

Der Fiat-to-Crypto-Markt MoonPay verzeichnete seit Anfang März, als die globale Unsicherheit zunahm, ebenfalls einen Anstieg der Kundenzahlen.

„Der März war für uns bei MoonPay ein Rekordmonat, in dem das Einkaufsvolumen für Kryptowährungen in unserem Netzwerk aus Partnerbörsen, Brieftaschen und dezentralen Anwendungen um über 80% gestiegen ist“, sagte Ivan Soto-Wright, CEO und Mitbegründer von MoonPay, gegenüber Cointelegraph.

Mit Blick auf einen Wachstumsschub, der sich auf den Datenschutz und die Sicherheit von Kunden und Partnern konzentriert, hat MoonPay auch einen neuen vorläufigen CSO hinzugefügt.

„Mit Nils Puhlmann als Interim CSO haben wir einen erfahrenen Veteranen, der einige der stärksten Sicherheitsteams an Orten wie Twilio, Zynga und Electronic Arts aufgebaut hat, und wir fühlen uns außerordentlich geehrt, seine Führung zu haben“, sagte Soto-Wright.

MoonPays Fokus auf Sicherheit kommt nach einem IOTA-Hack vor einigen Wochen, der auf MoonPay zurückgeführt wurde.