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[DynaQuest] Blockchain Here, Now and What is Ahead

The harmonization of technologies such as Blockchain and Digital ID will enable trusted healthcare networks to collaborate more efficiently and swifter to stop the spread of contagious diseases.

The post [DynaQuest] Blockchain Here, Now and What is Ahead appeared first on Bitpinas.

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Life under the new normal means we’re taking things cautiously while trying to jumpstart the momentum that have been derailed since the lockdown. Projects are restarting, old and new collaborations are materializing and while industries were disrupted, the pandemic would make these industries more resolute — to be better equipped moving forward to lessen the regressive impact of future pandemics.

Industries were severely impacted and disrupted by this year’s pandemic. The supply chain, the essential process that allows production, shipment and keeping products available for consumers, was hampered by factors such as workplace safety, health of workers and the sanitation of the products. While manufacturing, logistics and end-consumer markets all made adjustments to weather off the healthcare storm. Then, consumer markets felt fears of shortages and delayed restocks due to the pandemic.

Even before the pandemic, Blockchain was hailed as the next big disruptive technology that will transform the supply chain industry by making processes that were once dependent on human actors as verifiers, move away from that point to point verification. The result is a much more free-flowing and yet more accountable supply chain that cuts process stoppages. It will make operators and contractors operate more seamless that operate on a verified trust-based network without the need to test the trust between parties through double verification processes. Instead, trust test factors such as quality assurances on incoming manifest are processed seamlessly by cooperative networks.

Healthcare and Tracing on the Blockchain

The Coronavirus pandemic left the world in fearing the deadly nature of viruses and infectious diseases that could evolve overtime. Back to the pre and early 1920s, the world grappled with the Influenza pandemic and the chronicles of such time, such as first-hand experiences, the psychological and emotional impact, are virtually unheard by society’s non-historians as both pandemics are separated by a century.

Despite the shortcomings of policies, lapses on pandemic responses and the spread of misinformation, society today is much more better equipped compared to the contemporary 20s with the progress of medical science and a healthcare structure supported by technology as a backbone. One of the most successful strategies in combatting the Coronavirus pandemic is thru contact tracing where suspected and probable asymptomatic persons are tracked back by the authorities for testing and possible quarantine. Despite the technology employed, contact tracing is still a time-consuming process where the number of people needed to be investigated and verified that number in the thousands, across different geographical locations.

During the pandemic, we have heard of news where technology is employed to improve the potency of the pandemic counter-measures:

  • Blockchain use case as a backbone for disseminating vital and verifiable health information based on a trusted network.
  • Digital Identity for healthcare records to determine patients who are at high risk with the Coronavirus.
  • IoT powered smartbands to track quarantine confinement.
  • 3D printed medical materials to help manufacturing

The convergence of these technology as with their maturity will help in the fight against future pandemics. The harmonization of technologies such as Blockchain and Digital ID will enable trusted healthcare networks to collaborate more efficiently and swifter to stop the spread of contagious diseases. Today, countries such as China employ Blockchain in the Blockchain Service Network to use public ledgers that are immutable and unalterable to collaborate with healthcare networks and to be used on processes such as contact tracing.

Blockchain Continues

Outside healthcare, Blockchain is still being developed and tested for real world use cases and such projects are expected to continue until the next year. The maturity of Blockchain and the expected breakthroughs include:

  • Blockchain hosting Digital Identities to serve as a proponent for financial inclusion
  • More focus on digital wallets and digital currencies to strengthen non-fiat and less-contact transactions built on cryptography to secure transactions.
  • Digital Banks to rise as consumer confidence in banking online or through mobile applications have proven to be exceptionally, convenient and secured. Technologies such as financial Blockchain architecture and Decentralized Autonomous Organization (DAO) frameworks.
  • Digital Identities incorporated on National IDs that include verification of health records to check whether e-passport carriers were infected or non-infected by Coronavirus.

Despite the uncertainty of that time and in compliance in workspace safety, Blockchain projects were still being developed across remote working workgroups. Next month, the achievements and possible breakthroughs in the Blockchain industry will be celebrated and highlighted in the Enterprise Blockchain Awards (EBA) that is organized by Blockchain Revolution Global. The event will be held virtually and streamed on Wednesday, 7 July 2020 at 7PM EST.

It is a humbling experience to be recognized as among the finalist for the category of Blockchain Leadership: Entrepreneurship and to be part of a greater collective where groups, organizations and technology solutions providers are all working to develop innovative applications of Blockchain.

Despite the times, we must all press forward and continue with our aspirations in order to realize the world-changing capabilities of technology in creating a more meaningful impact on economies and lives.


About the Author:

Randy Knutson
Randy is the Founder & CEO of DynaQuest Technology Services Inc., an award-winning provider of innovative Blockchain solutions. He is a Certified Blockchain Expert and seasoned veteran with over 35 years of technology experience, ranging from start-ups to multi-national companies as CIO and CTO. His passion is creating digital solutions that yield inclusive, sustainable and economic development for communities are underserved, left behind or forgotten.

Source: https://bitpinas.com/feature/dynaquest-blockchain-now-ahead/

Blockchain

Robinhood Testing New Cryptocurrency Wallet as Demand Rises

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The millennial-focused trading portal is edging closer to launching a long-awaited app that will enable its growing user-base to send and receive cryptocurrencies.

A beta version of Robinhood’s iPhone app showed the company’s latest upgrades on the new digital asset features, according to Bloomberg.

There is a hidden image showing a waiting list for users eager to get their hands on the app and code referring to crypto transfers, it added.

Delving Deeper into Crypto

Robinhood users can already buy and sell cryptocurrencies on the platform but they need to convert them to and from USD. With a native app, users will be able to send crypto assets to each other directly and set up two-factor authentication for additional security.

Robinhood Chief Executive Officer Vlad Tenev stated that adding crypto wallets is a priority for the company’s developers and they are actively working on such.


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“The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.”

He did not specify a launch date, but the beta app leak suggests it is not too far away. Users of the new functions will need to activate crypto sending and receiving and the registration page will require an identity check, the report added.

On Sept. 11, CryptoPotato reported that Robinhood had launched incentives to promote longer-term cryptocurrency investing. The zero-fee recurring purchase feature enables users to schedule digital asset purchases for regular intervals with buys as low as a dollar.

This will encourage customers to build their cryptocurrency portfolios over time and “become a whole coiner,” stated Robinhood.

Robinhood Users Hungry For Crypto

Cryptocurrency trading has been one of the biggest drivers of revenue for Robinhood this year. Dogecoin has been the crown jewel, according to the company. It reported that 62% of its $233 million in second-quarter crypto income came from DOGE trading.

It added that more than half of all transaction-based revenue on the platform came from digital asset trading. The firm did warn that Q3 would not be as prosperous due to “seasonal headwinds and lower trading activity across the industry.”

Robinhood share prices have already fallen 43% since their all-time high of a little over $70 in early August. They are currently trading down 1.68% since Monday’s open at $40.70 according to Yahoo! Finance.

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Source: https://cryptopotato.com/robinhood-testing-new-cryptocurrency-wallet-as-demand-rises/

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Blockchain

Snoop Dogg Reveals His Connection With Twitter Account on NFTs

Snoop Dogg Twitter

Rate this post American rapper Snoop Dogg tweeted on Monday that he’s the owner of a Twitter account that talks about nonfungible tokens (NFTs). The account, named @CozomoMedici, shares “insights and tales from the wild world of NFTs” and has 27.7K followers at the moment. Snoop Dog Claims to Be Popular NFT Advocate on Twitter Snoop Dogg left the crypto community stunned this week after he revealed himself as the owner of a Twitter account dedicated to NFTs.  The account Cozomo de’ Medici, named after an Italian banker, is only a month old. However, it has already garnered attention from industry watchers and even a mention from crypto-focused news outlet The Block.   According to The Verge, the person behind the Medici account had been creating hype around their real identity for “at least a few days” and even conducted a poll for their followers to take a guess. The poll featured Democratic congresswoman Alexandria Ocasio-Cortez and Matt Bellamy, the lead singer of the rock band Muse. Snoop, however, was not mentioned in the poll. On September 20, @CozomoMedici tweeted that they were about to reveal their identity from their account. Shortly after, Snoop Dogg tweeted “I am @CozomoMedici.”   Interestingly, after making this revelation, the Medici account bought two weed-themed collectibles from an artist named NyanDogg, The Verge reported. Additionally, Snoop’s alleged OpenSea account has been sent  “a cloud of blunt and Snoop-themed NFTs” following the reveal. Is Medici Account an Elaborate Prank? The Medici account could likely turn out to be an elaborate prank, one that Snoop might have engineered himself or just participated in. Many reactions to Medici’s reveal have also expressed skepticism about Snoop’s involvement. “I have a hard time accepting that this account is Snoop Dogg. Like seriously Snoop Dogg muted his live stream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using OpenSea. Would love that to be true but I can’t believe it,” Twitter user @Brandolf485 wrote in the comments. Nonetheless, the crypto community will have to continue looking for concrete proof till Snoop’s involvement with the account is confirmed. 

The post Snoop Dogg Reveals His Connection With Twitter Account on NFTs appeared first on Cryptoknowmics-Crypto News and Media Platform.

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American rapper Snoop Dogg tweeted on Monday that he’s the owner of a Twitter account that talks about nonfungible tokens (NFTs). The account, named @CozomoMedici, shares “insights and tales from the wild world of NFTs” and has 27.7K followers at the moment.

Snoop Dog Claims to Be Popular NFT Advocate on Twitter

Snoop Dogg left the crypto community stunned this week after he revealed himself as the owner of a Twitter account dedicated to NFTs. 

The account Cozomo de’ Medici, named after an Italian banker, is only a month old. However, it has already garnered attention from industry watchers and even a mention from crypto-focused news outlet The Block.  

According to The Verge, the person behind the Medici account had been creating hype around their real identity for “at least a few days” and even conducted a poll for their followers to take a guess. The poll featured Democratic congresswoman Alexandria Ocasio-Cortez and Matt Bellamy, the lead singer of the rock band Muse. Snoop, however, was not mentioned in the poll.

On September 20, @CozomoMedici tweeted that they were about to reveal their identity from their account. Shortly after, Snoop Dogg tweeted “I am @CozomoMedici.”

Interestingly, after making this revelation, the Medici account bought two weed-themed collectibles from an artist named NyanDogg, The Verge reported. Additionally, Snoop’s alleged OpenSea account has been sent  “a cloud of blunt and Snoop-themed NFTs” following the reveal.

Is Medici Account an Elaborate Prank?

The Medici account could likely turn out to be an elaborate prank, one that Snoop might have engineered himself or just participated in. Many reactions to Medici’s reveal have also expressed skepticism about Snoop’s involvement.

“I have a hard time accepting that this account is Snoop Dogg. Like seriously Snoop Dogg muted his live stream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using OpenSea. Would love that to be true but I can’t believe it,” Twitter user @Brandolf485 wrote in the comments.

Nonetheless, the crypto community will have to continue looking for concrete proof till Snoop’s involvement with the account is confirmed. 

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Source: https://www.cryptoknowmics.com/news/snoop-dogg-reveals-his-connection-with-twitter-account-on-nfts/

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Blockchain

TA: Ethereum Breaking This Confluence Resistance Could Spark a Recovery

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Ethereum started a major decline below the $3,200 support zone against the US Dollar. ETH price traded as low as $2,807 and it is now attempting a recovery wave.

  • Ethereum started a fresh decline below the $3,300 and $3,200 support levels.
  • The price is now trading below $3,200 and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance near $3,020 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could a steady recovery wave if there is a close above $3,050 in the near term.

Ethereum Price Corrects Losses

Ethereum started a major decline from the $3,500 resistance zone. ETH traded below many important support zones near $3,300 and the 100 hourly simple moving average, similar to bitcoin.

The bears gained strength below the $3,200 support zone. Finally, ether spiked below $3,000 and extended its decline. A low is formed near $2,807 and the price is now correcting losses. There was a break above the $2,920 and $2,950 resistance levels.

The price recovered above the 23.6% Fib retracement level of the recent decline from the $3,455 swing high to $2,807 low. An immediate resistance on the upside is near the $3,020 level. There is also a key bearish trend line forming with resistance near $3,020 on the hourly chart of ETH/USD.

Ethereum Price

Source: ETHUSD on TradingView.com

A close above the $3,020 and $3,050 levels could start a decent recovery. The next major resistance might be near the $3,130 level. It is near the 50% Fib retracement level of the recent decline from the $3,455 swing high to $2,807 low. A clear break and close above the $3,130 level could start a steady increase. The next major resistance sits near $3,300.

More Losses in ETH?

If ethereum fails to correct higher above the $3,020 and $3,050 resistance levels, it could start another decline. An initial support on the downside is near the $2,960 level.

The next major support seems to be forming near the $2,900 level. A downside break below the $2,900 support zone could lead the price towards the $2,800 zone. The next major support is near the $2,750 level, below which ether price might decline towards the $2,640 support zone.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly losing pace in the bearish zone.

Hourly RSIThe RSI for ETH/USD is still well below the 50 level.

Major Support Level – $2,960

Major Resistance Level – $3,050

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Source: https://www.newsbtc.com/analysis/eth/ethereum-confluence-resistance-3050/

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