Connect with us

Blockchain

Blockchain Will Revolutionize Agriculture and Food Supply Chain

The post Blockchain Will Revolutionize Agriculture and Food Supply Chain appeared first on Belfrics India.

Republished by Plato

Published

on


Image result for ccn logo

Speaking at the launch of Belfrics Kenya’s Bitcoin Exchange on Saturday at the Villa Rosa Kempinski, in Nairobi, Kenya, he explained that even though there has been little talk of blockchain in agriculture, the sector stands to benefits immensely from the technology.

Mr Kimani Mbugua, CEO of Greenspec, a Kenya Agro-Processing company has stated that the blockchain technology has the potential to transform agriculture tremendously.

Speaking at the launch of Belfrics Kenya’s Bitcoin Exchange on Saturday at the Villa Rosa Kempinski, in Nairobi, Kenya, he explained that even though there has been little talk of blockchain in agriculture, the sector stands to benefits immensely from the technology.

Kimani, who is also well known in Kenya for promoting soya and conservation agriculture outlined sectors that can be transformed by the blockchain.

He said:

The blockchain application has huge potential in three key areas of Agriculture which consist of Real Time Management, Supply Chain and Mobile Payment and Financing.

Mr. Kimani Mbugua Speaking At The Launch Of Belfrics Kenya

Food Chain Supply

He elaborated that consumer demand for clean food and radical transparency in the food chain including organic, which many people are moving onto these days, are skyrocketing. However, producers and manufacturers are often struggling to verify the exact accuracy of data from the farm to the table.

He remarked:

But with the blockchain, you’ll be able to know from the label what and how they used to produce the food when you buy it and they can never shortcut you.

He decried the current phenomenon where there are no easier and accurate means to verify the exact origin of commodities by manufacturers and issues like slave labour and pollution.

The agriculture expert holds that irrespective of the shortfall, consumers within rich markets like organic food are increasingly prepared to pay for products that provide such information. He was of the view that today’s solutions that revolve around certification and regulation which add cost are tedious to enforce and confusing to customers.

He added:

The value of the blockchain here is its ability to make the supply chain entirely transparent and rich with the immutable provision of data from farm to the dining table. The blockchain will ensure that participants along the supply chain can’t temper with this information.

Ultimately, Kimani maintains the process provide confidence to manufacturers and consumers where the food comes from and how it is produced. He was therefore upbeat about the role of the blockchain in agriculture.

Belfrics in Africa

Addressing the bitcoin community at the function, Praveen Kumar, CEO of Belfrics Global, revealed that the company will be opening bitcoin exchanges across the African continent in the coming months. According to Praveen, his outfit has been convinced to make that decision as the result of the volumes that came out of the trial test in the Kenyan market.

The company, which is based in Malaysia, but with bitcoin exchanges in India, Singapore and now Kenya will enter the Nigeria, Ghana and Botswana market in the coming months. This is a good omen for adoption in Africa since the so-called dark continent lacks infrastructure like this to enable buying and selling of the cryptocurrency.

Source: https://india.belfrics.com/press-articles/blockchain-will-revolutionize-agriculture-and-food-supply-chain/

Blockchain

GBA Healthcare Working Group Releases White Paper as First Asset inBlockchain Ethical Design Framework for Healthcare

Republished by Plato

Published

on

WASHINGTON, DC –March 2021

Beginning early 2020, theGovernment Blockchain Association (GBA) Healthcare Working Group (HWG)began undertaking the development of an ethical design framework for blockchain solutions in the healthcare industry as a service to the public. The GBA HWG is releasing the first asset in the Blockchain Ethical Design (BED) Framework for Healthcare in the form of a White Paper.

We are excited to offer this guidance to healthcare policymakers, decision-makers and innovators in implementing blockchain featured technology in the healthcare space. The BED Framework for Healthcareis being developed collaboratively by members in the HWG including caregivers, entrepreneurs, healthcare technologists and legal professionals from around the world. We cover a comprehensive spectrum of use cases, regulatory and legal scenarios, and procedural insights based on real world experience in healthcare technology innovation. This White Paper is only the first asset in a suite of guiding tools the GBA HWG will be releasing through 2021, and we are looking forward to the feedback of our audience.” –Marquis Allen, GBA Healthcare Working Group Chair

The purpose of this publication is to:

  • Identify potential ethical issues of blockchain used in health service delivery
  • Discuss potential ethical issues for stakeholders across the healthcare ecosystem including regulatory and compliance segments
  • Propose a conceptual framework of blockchain ethics as it applies specifically to its design, implementation and use in healthcare.
  • Create an outlinefrom which the Blockchain Ethical Design (BED) Framework for Healthcare and its assets, tools, documents and content will be developed by the GBA HWG.
  • Raise awareness and stimulate further debate on the ethics of blockchain in the healthcare IT,health system governance and regulatory communities.

The GBA invites you to contact them for more information.

Learn more about the GBA: gbaglobal.org

For more information about the GBA Healthcare Working Group: gbaglobal.org/HWG

To download the whitepaper: gbaglobal.org/download

Contact: Kathy Dache @ Kathy.Dache@gbaglobal.org

________________________________________________________________________

Continue Reading

Blockchain

Big Data Protocol Staking Surges Over $6 Billion in Latest DeFi Frenzy

Republished by Plato

Published

on

Boasting three and four-digit annual percentage yields, Big Data Protocol (BDP) has become the latest DeFi frenzy as total liquidity on the protocol has skyrocketed to $6.1 billion just two days after liquidity mining incentives were launched.

The protocol announced its fair launch on March 6 where 100% of the initial circulating supply, which is 30% of the total of its BDP token, will be distributed to the community over six days. It is backed by a team of technologists, crypto investors, and data scientists and designed to incentivize liquidity mining over the long term.

There are liquidity pools for twelve different DeFi assets and they have attracted a lot of collateral in just two days.

Big Returns for DeFi Stakers

Over a million ETH has been deposited in the wrapped Ethereum pool according to the BDP data vault, earning an APY of 40%. Almost 17,000 BTC is currently in the wBTC pool earning 82% APY while the Tether vault has gained 728 million USDT earning 96%.

The top earning pools are boasting four digit returns with OCEAN at 1,375% and TOMOE at 1,315% at the time of writing.

ADVERTISEMENT

A blog post explaining the tokenomics elaborated:

“Users provide liquidity to earn bALPHA over the course of 3 months. Subsequent data tokens, named bBETA and bGAMMA, will launch after bALPHA, which will further incentivize liquidity.”

A portion of BDP and data tokens are burnt as the usage of the Protocol and marketplace grows over time, it added.

The total supply of 80 million tokens will be divided as follows: 30% distributed in the initial six day yield farming incentive, 35% allocated to future staking rewards, 25% held as an ecosystem reserve, and 10% to the team and advisors.

The bALPHA data token will have a total supply of just 18,000 tokens which will all be allocated to liquidity mining rewards. Two more data token sets, bBETA and bGAMMA, will be announced in due course the blog post added.

BDP Price Update

At the time of writing, BDP was trading at $5.85, falling 19% on the day after hitting a peak of just over $14 on Sunday, March 7.

The bALPHA price is a little over $10,000 per token after skyrocketing to over $40,000 at the weekend according to Coingecko.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Check out Nord
Make your Money Grow with Mintos
Source: https://cryptopotato.com/big-data-protocol-staking-surges-over-6-billion-in-latest-defi-frenzy/

Continue Reading

Blockchain

TA: Bitcoin Turns Attractive Above $50K, Why BTC Extend Its Rally

Republished by Plato

Published

on

Bitcoin price gained bullish momentum above the $50,000 resistance against the US Dollar. BTC traded towards $52,000 and it remains supported for more upsides.

  • Bitcoin started a fresh increase above the $50,000 and $50,500 resistance levels.
  • The price is now trading well above $50,000 and the 100 hourly simple moving average.
  • There is a key rising channel forming with support at $50,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could correct a few points, but the bulls are likely to protect $50,000 and $49,500.

Bitcoin Price Starts Fresh Increase

After a strong close above the $48,000 level, bitcoin started a fresh increase. BTC was able to clear the key $50,000 and $50,500 resistance levels to move into a positive zone.

There was also a break above a major bearish trend line with resistance near $48,400 on the hourly chart of the BTC/USD pair. The pair extended its rise above the $51,000 level and traded to a new weekly high at $51,853.

It is now correcting lower, but it is trading well above $50,000 and the 100 hourly simple moving average. An initial support is near the $50,750 level. It is close to the 23.6% Fib retracement level of the upward wave from the $47,141 swing low to $51,853 high.

Bitcoin Price

Source: BTCUSD on TradingView.com

There is also a key rising channel forming with support at $50,500 on the same chart. The next major support is near the $50,000 level. Any more losses may possibly lead the price towards the 50% Fib retracement level of the upward wave from the $47,141 swing low to $51,853 high near $49,500. The main support is now forming near the $48,800 level and the 100 hourly simple moving average.

More Upsides in BTC?

If bitcoin stays above $50,500 and $49,500, it could start a fresh increase. An initial resistance on the upside is near the $51,500 level. The first major resistance is near the $52,000 level.

A successful close above the $52,000 resistance level could open the doors for a larger increase in the coming sessions. The next major resistance could be $53,200, followed by $54,500.

Technical indicators:

Hourly MACD – The MACD is now gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level.

Major Support Levels – $50,500, followed by $50,000.

Major Resistance Levels – $51,500, $52,000 and $53,200.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Check out Nord
Make your Money Grow with Mintos
Source: https://www.newsbtc.com/analysis/btc/bitcoin-turns-attractive-above-50k/

Continue Reading
Blockchain5 days ago

Amplifying Her Voice

Blockchain5 days ago

Bitcoin Halving: Definitive Guide (In Just 5 Minutes)

Blockchain3 days ago

How to Protect Yourself from the Cryptojacking Threat

Blockchain5 days ago

Libra Coin – A New Digital Currency Developed by FACEBOOK

Blockchain5 days ago

Blockchain in Sports Betting

Blockchain4 days ago

Will Netflix soon buy bitcoin?

Blockchain3 days ago

Experts divided on BTC predictions: Bullish or super bullish?

Blockchain3 days ago

BitGo To Introduce Crypto Custodial Services To New York Clients

Blockchain3 days ago

Bitcoin “Cheat Sheet” Calls For Next Leg Up To $77K

Blockchain3 days ago

Mark Cuban’s Dallas Mavericks to Accept Dogecoin Payments

Blockchain3 days ago

Ethereum gas fees drop as daily DEX and DeFi volumes decline

Blockchain3 days ago

Analyst tells Tesla to dump Bitcoin for buybacks as shares plunge alongside MSTR’s

Blockchain3 days ago

Thailand’s largest movie theater chain accepts Bitcoin

Blockchain4 days ago

3 key Ethereum price metrics show pro traders are aiming for $2K ETH

Blockchain3 days ago

TA: Bitcoin Price Back Below 100 SMA, Why BTC Could Retest $45K

Blockchain3 days ago

Decentralized Companies Are the New Norm and It’s the DAO Revolution That’s Making It Possible

Blockchain3 days ago

XRP Price Analysis: 04 March

Blockchain4 days ago

Bitcoin HODL Waves Suggest Bull Run Has Barely Started

Blockchain3 days ago

Co-founder of Floyd Mayweather-promoted ICO sentenced to 8 years

Blockchain3 days ago

Binance Coin, Neo, Enjin Price Analysis: 05 March

Trending