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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 …

Republished by Plato



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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.

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How NFTs, DeFi and Web 3.0 are intertwined

Republished by Plato



While blockchain itself provides the technology constructs to facilitate exchange, ownership and trust in the network, it is in the digitization of value elements where asset tokenization is essential. Tokenization is the process of converting the assets and rights to a property into a digital representation, or token, on a blockchain network. 

Distinguishing between cryptocurrency and tokenized assets is important in understanding exchange vehicles, valuation models and fungibility across the various value networks that are emerging and posing interoperability challenges. These are not just technical challenges, but also business challenges around equitable swaps.

Asset tokenization can lead to the creation of a business model that fuels fractional ownership, the ability to own an instance of a large asset. While discussing asset tokenization in a previous article, I also mentioned the value of an instance economy in democratizing finance, commerce and global access, as well as in creating a broader global marketplace at a scale never before seen.

With digital assets and their fungibility in a blockchain ecosystem, there are various drivers of valuation. These include: 1) tokens based on crypto economic models that are driven by supply and demand, and the utility of the network; 2) nonfungible tokens, or NFTs, which have an intrinsic value such as identification, diplomas and healthcare records — essentially, tokens that are simple proof validations of the existence, authenticity and ownership of digital assets; and 3) fungible tokens that are valued on various bases, such as the sum total of economic activity in the network (cryptocurrency), its utility (smart contracts and transaction network processing), assigned values (stable coins and security tokens), and so on.

In this article, I address the complex issue of the hyperbolic and rapid rise of NFTs, after a similarly meteoric rise of decentralized finance, or DeFi, creating amazing innovations — with immense promise of democratization, new business models and global marketplaces with global access — all fueled by the basic premise of decentralization and fundamental constructs of tokenization and wallets. While NFTs may be characterized as one-of-a-kind cryptographic tokens with some intrinsic value to a holder or to a market (art, collectibles), the NFT movement is indicative of a larger token revolution that will not only fuel massive innovation and growth in Web 3.0 protocols but also test the resolve of the DeFi movement, along with its ability to intersect and provide platforms and an exchange vehicle for all token types.

Growth in Web 3.0 protocols

The first two generations of web protocols were largely about disseminating information and connecting people. They fueled a massive growth in information and collaboration, and did wonders for connecting the world. However, those web protocols were never designed to move things of value. Also, as the Web 2.0 era reached its fullest potential, vulnerabilities such as “fake news” and the “batched relay” of the movement of assets via a series of intermediaries emerged. Threats to the commerce and financial infrastructure of the system risk destabilizing it.

Web 3.0 promises to safeguard all things we value: information, truth and digital assets — both fungible and nonfungible. Whereas Web 2.0 was driven by the advent of social, mobile and the cloud, Web 3.0 is largely built on three new layers of technological innovation: edge computing, decentralized data networks and artificial intelligence.

The growth of NFTs has not only empowered the ability for artists, skilled professionals and entrepreneurs to encapsulate innovation in a tokenized form but has also fueled the democratization of the platform as one of the promises of blockchain technology. The underlying infrastructure includes decentralized storage technologies, efficient consensus protocols, off-chain computing, and oracle networks to provide connectivity and validation to existing systems.

Collectively, the Web 3.0 set of technologies envisions a connected, trustless, accountable network for efficiently delivering value, thus crafting an infrastructure for things of worth. NFTs represent both transferable entities and nontransferable tokens that we value. The latter include things such as our identification, healthcare records and passports, things that represent us and allow us to participate in the digital economy with our own unique, digital identities.

As we dare to envision a shift toward a world with decentralized control, governance based on distributed technology that challenges every business model, and governance structure built upon centralized business frameworks, we do have to ponder some things. Not only the shift itself, but the motivation, incentive and monetization elements that fuel and power the economic infrastructure to move things that have value — thereby keeping up with our changing perception and subsequent realization of that value.

Intersecting with finance — DeFi

DeFi is the movement in the blockchain applications space that leverages decentralized network technology to disrupt and force a transformation of old financial products into trustless, transparent protocols, facilitating digital value creation and dissemination with few to no intermediaries. It is widely understood and accepted that — due to new synergies and co-creation via new digital interactions and value-exchange mechanisms — blockchain technology lays the foundation for a trusted digital transactional network that, as a disintermediated platform, fuels the growth of marketplaces and secondary markets.

While DeFi aims to deliver the promise of finance democratization, NFTs test the resolve of DeFi by delivering a competitive yet inclusive asset class, plus avenues to provide a medium of exchange, fungibility by other fungible asset classes, and liquidity to a traditionally illiquid market.

Asset classes resulting from DeFi protocols and NFTs avail themselves of the advantages of fractional ownership of the assets, blurring the lines between asset classes and using constructs like digital wallets as a receptacle for them. This is all supported by underlying layers of Web 3.0 that provide security and availability via decentralization, as well as trust and immutability via consensus, extending these principles to basic computer infrastructure like storage and interconnect.

Commercialization of Web 3.0 protocols, which manifest as fungible utility tokens, further blurs the lines with diverse financial innovation products introduced by DeFi (such as base assets and derivatives), products that are also tokenized. So, while decentralization is the underlying theme — and the wallet and the token are fundamental constructs — these blurring lines are quite profound.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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

Nitin Gaur is the founder and director of IBM Digital Asset Labs, where he devises industry standards and use cases and works toward making blockchain for the enterprise a reality. He previously served as chief technology officer of IBM World Wire and of IBM Mobile Payments and Enterprise Mobile Solutions, and he founded IBM Blockchain Labs where he led the effort in establishing the blockchain practice for the enterprise. Nitin is also an IBM Distinguished Engineer and an IBM Master Inventor with a rich patent portfolio. Additionally, he serves as research and portfolio manager for Portal Asset Management, a multi-manager fund specializing in digital assets and DeFi investment strategies.

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Has the rally ended for altcoins like LINK, ADA, and NPXS?

Republished by Plato



With most altcoins rallying at the current point in the market cycle where Bitcoin is making a comeback, there are a few altcoins that may have ended their price rally. Among these, LINK ranks in the top 10 cryptocurrencies based on market capitalization.

LINK’s oracles may have filled the void left from the removal of XRP from Grayscale’s fund. However, that does not seem to have had an impact that would last long enough to boost the price on spot exchanges. The asset is currently trading at the $32 level, down from its ATH. Though there is anticipation that the price will rally to its ATH, the dropping trade volume across exchanges signals otherwise.

After being added to Grayscale’s fund, LINK’s price went up steadily, however, a boost from institutional demand may not be enough to boost the asset’s price. 93% HODLers are profitable before the asset takes a dip in the current cycle

The altcoin rally may have ended for LINK, ADA and NPXS

Grayscale LINK Holdings || Source: Bybt

LINK’s institutional demand has had only a partial impact on price, and the trend reversal depends on the HODLers profitability at the current price level and the rally of altcoins led by ETH. Historically, Bitcoin’s rally has had a negative impact on LINK’s price and that remains to be seen as Bitcoin traders above $60000 once again this weekend.

Another top altcoin, Cardano has offered HODLers an ROI of over 440% in 2020. This altcoin has been considered to be the one to HODL in the long term based on on-chain analysis and trader sentiments. In the current cycle, 65% HODLers are profitable at the price level of $1.23. This is one of the top altcoins in which the concentration by large holders is low, below 50%, currently at 24%.

Additionally, at this point in the rally, there is a significant drop in ADA’s trade volume across exchanges. This drop in liquidity may lead to a drop in price over the following week. Though large transactions in the past week have been above $30 Billion, the volume is dropping consistently.

The altcoin rally may have ended for LINK, ADA and NPXS

ADA price chart || Source: Messari

Unlike ADA and LINK, in the case of NPXS, the price is back to the same level as a month ago. The 24-hour trade volume has taken a plunge with a near 100% drop in 24 hours, and this is a unique position in NPXS’s price cycle. Moreover, the on-chain sentiment is bearish and this may be the ideal time to buy altcoins like these that are consolidating. The confidence is consistently high in top markets on spot exchanges, and the dropping trade volume is a sign of consolidation.

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Kraken Daily Market Report for April 09 2021

Republished by Plato




  • Total spot trading volume at $1.02 billion, down from the 30-day average of $1.34 billion.
  • Total futures notional at $417.0 million.
  • The top five traded coins were, respectively, Bitcoin, Tether, Ethereum, Ripple, and Polkadot.
  • Strong returns from Waves (+23%), Basic Attention Token (+17%), Keep (+13%), and Filecoin (+12%).

April 09, 2021 
 $1.02B traded across all markets today

#####################. 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 (April 10 2021)

Figure 2: Mid-size trading assets: (measured in USD) (April 10 2021)

Figure 3: Smallest trading assets: (measured in USD) (April 10 2021)

#####################. Spread %. ##########################################

Spread %

Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (April 10 2021)


#########. Returns and Volume ############################################

Returns and Volume

Figure 5: Returns of the four highest volume pairs (April 10 2021)

Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (April 10 2021)

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

Daily Returns %

Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (April 10 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.

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