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How Covid-19 focuses on supply chain failures?

How Covid-19 focuses on supply chain failures? While the Covid-19 pandemic begins to spread, multiple companies are confronting an unpredictable future. With numerous furlough programs in effect across the world that shield companies for the short term, there could be a window of opportunity to evaluate your business plan, examine emerging developments, and figure out …

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While the Covid-19 pandemic begins to spread, multiple companies are confronting an unpredictable future. With numerous furlough programs in effect across the world that shield companies for the short term, there could be a window of opportunity to evaluate your business plan, examine emerging developments, and figure out the best direction to follow until the ‘new standard’ is formed.

These sorts of issues often need a little move back,

Alan Vey, the co-founder of the Artos blockchain development company, says to The Block.

With no flying, an enormous amount of room has been set aside for families. Things have slowed down a bit to do some strategic planning and look ahead. It’s a perfect opportunity to find possibly any crucial innovations that might make a change.

Good protection is a successful attack, as the phrase goes, and with blockchain, problems that have already been found across the supply chain – whether food, personal protective equipment (PPE), or others – might contribute to a few post-COVID-19 converts. No less than the World Economic Forum (WEF) stated earlier this week that a ‘thinking’ deployment of blockchain technology was required. ” class=”pin-it-button” count-layout=”vertical”>

How Covid-19 focuses on supply chain failures?
How Covid-19 focuses on supply chain failures?

I think the [blockchain] supply chain technology will boom,

says Annika Monari, co-founder of Artos.

If you start talking about how the price of paracetamol has increased, not getting a toilet roll for a few weeks – the loss of exposure that relies on a world’s governing system is distinct from ours is a very real business concern.

How Covid-19 focuses on supply chain failures?

These kinds of risks have not been so much appreciated so far,

Monari adds.

Why Blockchain Is a Part of IoT-Technology?

Blockchain will provide a lot of value in having the consistency, traceability, and oversight when you have such supply chains, in order to be able to detect downstream problems even quicker.

This is not the only area that those who support blockchain see advantages, however.

I think it’s really fascinating to see some of the initiatives out there that are looking at reconciling data on COVID – monitoring data, outbreak data – and use blockchain technology to seek to standardize the data structure and function as a common source of reality for that data,

says Monari.

Blockchain Supply Chain Initiative Envoy teams up with KYC Hub

Monari and Vey created Artos in early 2018 after having previously introduced Aventus, an Ethereum-based network aimed at mitigating fraud in ticketing utilizing blockchain technology. Artos offers proprietary technology, built on Ethereum, including features such as a powerful transaction engine, asset lifecycle management, and cryptographic security, to guide businesses on their journey from ideation to implementation.

As a result, the two soon realized that the possibilities of their business went beyond ticketing.

Ultimately, what we did was see how relevant this technology was to some kind of supply chain or value chain – indeed any company,

says Monari.

Blockchain will have a huge effect on the way businesses operate with other corporations. We began expanding out more – our approach was relatively generic, so that’s why we formed Artos so agreed to be the gateway to blockchain for business.

This ‘path to blockchain’ is a significant aspect of Artos’ messaging – yes, it is a licensed trademark – but the organization is strongly placed as a platform supplier rather than a consultancy or creation store. Nevertheless, training and raising the information gap plays a role in the early stages.

Some of these innovations, such as AI or cloud, just before that … before you launch, nobody even knows how to use it,

Vey says.

They realize it can be beneficial, but they don’t realize when it is best done exactly how to implement it.

It’s just teamwork with the initial customer, knowing the market, knowing the sector, combining our skills, how this technology might function, and then encouraging them to pursue additional implementations and solutions,

he continues.

In the first year or two of [project], we’re potentially very consultative-heavy, however, we’re heading more and more towards modular solutions.

The push to develop Artos’ technologies on Ethereum, or more broadly on public blockchains, is thus assertive. It is especially noteworthy considering that others in the sector do not yet see it as a business norm in terms of transactions per second, despite the fact that organizations such as StarkWare have made substantial strides in recent months.

Monari explains the rationale behind long-term public blockchains.

It’s the same way you think of the intranet versus the Internet,

she says.

An intranet is very useful within an entity, within divisions, so as you start attempting to attach more users to it and using it as a layer of data sharing, a layer of knowledge sharing, it starts to lose influence as it is managed by one or a few parties.

“The Internet is so strong – it’s a centralized networking system regulated by no one,” Monari continues. “It creates interoperability between data, people, and organizations – and we have the same view of blockchain technology.

Kaspersky announces blockchain voting system

How Covid-19 focuses on supply chain failures?

There’s nothing wrong with approved blockchain – for now, it’s the quickest way to get up and running so that’s why people are implementing those – but eventually all of those authorization applications would need to be linked so interoperable.

One of the aspects that makes blockchain so theoretically wide-ranging is its effect on the supply chain; utilizing the analog ‘farm to fork’ Going back to the example of ticketing, Artos sees it as a demand chain rather than a supply chain.

“For ticketing, anyone from the location, to the organizer, to the ticketing service – they wouldn’t find themselves a supply chain, it’s a demand chain,”

Monari says.

“By providing clarity or traceability to what happens in a value chain to an adjacent value chain, or regulator, is where this technology can be so strong.”

Vey adds that there is a misunderstanding on where precisely blockchain applies.

“It’s really challenging to provide a descriptive and correct response to that, as it’s like wondering where a personal machine is heading,”

he says.

“It’s a computer that can be designed to manage a whole host of use scenarios. Blockchain is really similar – it’s a general-purpose system that is programmable by smart contracts; it’s scalable because multiple usage cases can be built to derive benefit from it.

“As before, this understanding of the flexibility and effect of blockchain is becoming crucial to many in the ready-to-transform industries. With this in mind, Artos is bringing together a webinar collection, with a webinar on the metals and mining sector heading to live earlier this week.

It’s still really complicated at this moment – so one of these positives is that there’s a little more flexibility to do certain stuff – and one of those items is thinking about emerging technologies,”

Monari says.

“It’s sort of why we began this show – we know that people have more time, so we hope that we will develop some awareness so help them make choices about their businesses based on potential patterns.

Post Disclaimer

This article is for informational purposes only. The information is provided by How Covid-19 focuses on supply chain failures? and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. The Blockchain Cafe does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Blockchain

Solana, Polkadot, Algorand: What is the Bitcoin effect on these altcoins

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With the market trading in red today pretty much all coins including Bitcoin and Ethereum are falling. However, there are some coins that made excellent gains in the last 2 months which are now facing huge price falls as well.

Which alts though?

Solana, Polkadot, and Algorand were three altcoins that successfully rallied between July and August. Polkadot rose from $12.34 all the way to $34.45 registering a 214.33% growth. Similar gains were observed for Algorand as the coin breached $2 and marked a 230.26% rise. 

The most gains were seen by Solana holders though mainly because the altcoin shot up 713.94%. An increase this high was the result of the NFT hype which took it up from $26.68 to $191.07

Solana’s 713% rise | Source: TradingView – AMBCrypto

In fact, Solana and Algorand even registered new all-time highs during this time period. But each of these coins is now observing significant price falls as well. 

In the last 24 hours ALGO fell by 15.26%, DOT came down by 14.37% and SOL lost 16.8% of its price as of press time.

A huge reason behind this fall is also their exhausted momentum since even after the September 7 fall, DOT and ALGO witnessed another price rise before they finally hit a slowdown.

Algorand’s 15.26% drop | Source: TradingView – AMBCrypto

Owing to this investors are possibly getting rid of their holdings in both spot and derivatives markets. Sell volumes at the time of this report have increased and liquidations rose to millions for all 3 altcoins. Since SOL gained the most, it lost the most as well and its liquidations touched $25 million.

Solana liquidations at $25 million | Source: Coinalyze – AMBCrypto

Can Bitcoin save them?

Well since Bitcoin’s price movement commands the market’s movement it is obvious that BTC needs to reduce losses first. But more importantly, these assets’ correlation to Bitcoin will determine how much they will be affected by BTC. Right now Algorand is at the lowest at 0.57, followed by Solana at 0.7, and at the highest is Polkadot (0.88)

However, surprisingly, investors are most positive about Algorand of all three hoping for a recovery soon.

Investor sentiment | Source: Santiment – AMBCrypto

Once Bitcoin and Ethereum change their movement, other coins would follow suit. And that’s when some recovery can be expected.

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Source: https://ambcrypto.com/solana-poladot-algorand-what-is-the-bitcoin-effect-on-these-altcoins

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Blockchain

Kraken Daily Market Report for September 19 2021

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Overview


  • Total spot trading volume at $598.4 million, the 30-day average is $1.36 billion.
  • Total futures notional at $223.4 million.
  • The most traded coins were, respectively, Bitcoin (-2.2%), Ethereum (-3.1%), Tether (0%), Solana (-9.9%), and Cosmos (+8.8%).
  • Cosmos continues its hot streak, up 8.8%. Also strong returns from OMG (+10%).

September 19, 2021 
 $598.4M traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
BTC 
$47237. 
↓2.2% 
$159.9M
ETH 
$3328.3 
↓3.1% 
$112.5M
USDT 
$1.0001 
↓0.01% 
$66.5M
SOL 
$152.62 
↓9.9% 
$39.4M
ATOM 
$44.205 
↑8.8% 
$34.8M
ADA 
$2.2816 
↓3.7% 
$33.9M
DOT 
$33.828 
↓2.9% 
$28.0M
USDC 
$1.0 
↓0.01% 
$19.8M
ALGO 
$1.975 
↓4.8% 
$16.0M
XTZ 
$6.5085 
↑1.1% 
$16.0M
XRP 
$1.0480 
↓2.5% 
$11.6M
LINK 
$27.364 
↓3.3% 
$8.56M
DOGE 
$0.2329 
↓3.3% 
$7.51M
LTC 
$181.89 
↑0.24% 
$7.26M
OMG 
$9.6562 
↑10% 
$6.8M
KSM 
$400.45 
↓4.2% 
$6.65M
EOS 
$4.912 
↓9.9% 
$4.86M
CRV 
$3.0345 
↑5.8% 
$4.84M
BCH 
$610.63 
↓3.2% 
$4.79M
DYDX 
$14.288 
↓12% 
$4.55M
MATIC 
$1.3112 
↓4.1% 
$4.14M
XLM 
$0.3134 
↓2.7% 
$3.04M
MOVR 
$387.12 
↓2.1% 
$2.95M
MINA 
$5.38 
↑1.7% 
$2.88M
ZEC 
$133.55 
↓3.8% 
$2.77M
TRX 
$0.1037 
↓2.0% 
$2.4M
AAVE 
$339.02 
↓4.5% 
$2.29M
SC 
$0.0180 
↓5.1% 
$2.02M
XMR 
$260.10 
↓4.2% 
$1.99M
FLOW 
$20.114 
↓2.9% 
$1.93M
DAI 
$1.0002 
↑0.01% 
$1.85M
ANT 
$5.9664 
↓3.2% 
$1.76M
MLN 
$123.19 
↑2.4% 
$1.72M
SNX 
$12.82 
↑1.7% 
$1.47M
DASH 
$192.81 
↓3.6% 
$1.32M
NANO 
$5.5184 
↓0.9% 
$1.31M
OXT 
$0.3665 
↓2.7% 
$1.29M
ETC 
$55.316 
↓2.8% 
$1.26M
SRM 
$9.8570 
↓8.9% 
$1.23M
KAVA 
$6.0120 
↓4.3% 
$1.09M
CQT 
$1.193 
↓2.6% 
$907K
ICX 
$1.7976 
↓6.7% 
$837K
SDN 
$5.84 
↓2.7% 
$819K
KEEP 
$0.4473 
↓6.4% 
$809K
UNI 
$23.906 
↓2.3% 
$807K
WAVES 
$27.5 
↓5.1% 
$798K
KAR 
$9.941 
↓11% 
$790K
FIL 
$83.437 
↓1.0% 
$725K
YFI 
$32933. 
↓2.6% 
$649K
COMP 
$392.7 
↓2.1% 
$599K
QTUM 
$12.145 
↓3.3% 
$577K
OCEAN 
$0.7578 
↓5.7% 
$577K
SUSHI 
$12.017 
↓5.3% 
$513K
REN 
$0.8905 
↓5.9% 
$501K
GRT 
$0.8017 
↓3.4% 
$429K
RARI 
$19.69 
↓7.9% 
$406K
KNC 
$1.7345 
↓3.5% 
$339K
STORJ 
$1.3421 
↓3.9% 
$318K
PAXG 
$1763.7 
↓0.21% 
$305K
BAT 
$0.7403 
↓1.3% 
$269K
CTSI 
$0.6513 
↓3.6% 
$268K
AXS 
$63.35 
↓2.2% 
$245K
ENJ 
$1.5619 
↓4.9% 
$220K
LSK 
$3.6100 
↓0.6% 
$216K
ZRX 
$1.047 
↓5.4% 
$207K
EWT 
$10.199 
↓4.7% 
$197K
BAL 
$24.71 
↓3.9% 
$191K
MIR 
$3.6362 
↓3.0% 
$177K
CHZ 
$0.3165 
↓3.6% 
$156K
1INCH 
$2.9619 
↓4.3% 
$142K
GNO 
$265.44 
↓5.0% 
$141K
PERP 
$14.055 
↓5.7% 
$139K
MANA 
$0.7986 
↓2.8% 
$136K
BADGER 
$20.576 
↓8.8% 
$136K
OGN 
$1.0027 
↓5.0% 
$125K
MKR 
$2730.0 
↓2.9% 
$115K
INJ 
$10.950 
↑2.0% 
$99.1K
REP 
$25.857 
↓1.8% 
$95.5K
LPT 
$18.11 
↓4.2% 
$89.2K
ANKR 
$0.0947 
↓0.3% 
$76.3K
LRC 
$0.4531 
↓1.5% 
$71.4K
GHST 
$1.6867 
↓1.2% 
$56.2K
BAND 
$8.852 
↓4.2% 
$48.2K
SAND 
$0.7381 
↓4.7% 
$43.9K
TBTC 
$48240. 
↓3.4% 
$32.5K
REPV2 
$25.234 
↓3.7% 
$27.3K
BNT 
$3.923 
↓1.3% 
$15.5K
WBTC 
$47699. 
↓0.4% 
$12.3K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (September 20 2021)



Figure 2: Mid-size trading assets: (measured in USD) (September 20 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 3: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (September 20 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://blog.kraken.com/post/11070/kraken-daily-market-report-for-september-19-2021/

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Taker Protocol Raises $3M to Transform NFT Liquidity and Utilization

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New York, United States, 20th September, 2021,

Taker Protocol, a crypto liquidity protocol for NFTs, has raised $3 million from a number of reputable investors to build new financial primitives into the burgeoning NFT market.

The round was led by Electric Capital, with DCG, Ascentive Assets, Dragonfly Capital, Spartan Group, The LAO, Sfermion and Morningstar Ventures participating as well.  

Taker Protocol focuses on improving the liquidity available in the NFT market. Due to the unique non-fungible structure of NFTs, existing DeFi primitives are difficult to integrate into the market, resulting in significant issues in terms of overall liquidity. The value of an NFT is extremely volatile and often effectively becomes zero as no buyers can be found at any reasonable price. Furthermore, NFTs are difficult to use productively after purchase and often end up forgotten in the user’s wallet.

Taker Protocol aims to solve the worst of the liquidity issues. Allowing lenders and borrowers to liquidate and rent assets that aren’t cryptocurrencies creates new liquidity streams and opportunities. For Taker, these assets will include NFTs, financial papers, synthetic assets, and much more. 

The TKR token defines membership in the Taker DAO, which has several key functions in the system. In addition to setting loan-to-value rates and other parameters in the protocol, the DAO will also contribute in fairly appraising a particular NFT or NFT collection. This means that each asset supported by Taker will have a guaranteed fair floor price. In return, TKR holders will be able to obtain rewards and receive a portion of platform income. 

The funds received will help Taker launch the full version of the protocol across multiple chains, including Ethereum, Polygon, Solana, BSC and Near. The support of major stakeholders and participants in the NFT ecosystem will also help further development of the project.

Taker DAO contains many different Curator DAOs (Sub-DAOs), each sub-DAO will manage their own whitelist and a floor price for any NFT on their whitelist if the borrower defaults on the loan. We believe that it is best to mitigate the risks for our lenders by carefully selecting the NFT assets that our community desires and trusts the most. Aligning the interest of the DAOs with that of the lenders, we will mitigate the risk exposure for the lenders and optimize the profits for the DAOs. Moreover, each sub-DAO will have its own funds and can choose to focus exclusively on a specific type of NFT assets. For example, it could be artworks-only or Metaverse-only. 

Taker Co-Founder Angel Xu comments:

“We are absolutely thrilled to welcome so many well-established investment funds to the team. Their participation heralds an exciting new phase for the protocol as we seek to address persistent problems in the NFT lending market for the benefit of end-users. This investment will enable us to further optimize liquidation of NFT assets across multiple blockchains, removing the barriers to entry that prevent new players from entering the market.”

“Taker Protocol is using an innovative approach to solve the biggest problem in the NFT space — lack of liquidity. With Taker, we are one step closer to the world where anyone anywhere can use their NFT assets to take out a loan.” (Maria Shen, Partner at Electric Capital)

About Taker

NFT DeFi: Taker is the first protocol to provide liquidity to the NFT market through a DAO. It is a multi-strategy, cross-chain lending protocol for lenders and borrowers to liquidate and rent all kinds of crypto assets, including financial papers, synthetic assets, and more. Taker provides ensured liquidity via our lenderDao infrastructure and extensions that could be integrated into NFT marketplaces.

Contacts

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Source: https://www.crypto-news.net/taker-protocol-raises-3m-to-transform-nft-liquidity-and-utilization/

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