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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.

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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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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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Ethereum Classic (ETC) Price Poised for a Surge to $100

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  • Ethereum Classic (ETC) looks poised for a surge
  • Technical indicators show that ETC could go up to $105
  • Also, one reason that could help the altcoin surge is its upcoming ECIP-1103 upgrade

Ethereum Classic price poised for a surge. The altcoin has been outperforming the market recently but can it bounce back over the $100 resistance level?

The crypto market has been experiencing a rough ride. Many altcoins have sunk to less than half their value in less than a month. However, Ethereum Classic managed to rebound faster than most of the market. In addition, the altcoin has managed to hold its ground against the bearish market.

In fact, looking at Ethereum Classic price charts, the asset looks poised for a surge.

Ethereum Classic price charts

At the time of writing, ETC is trading at $55.01, down 67% from its May 8 all-time high of $167.09. However, looking at the crypto’s Fibonacci levels, ETC could go up to ranging from $74 to $105. The price rise depends on whether ETC manages to breach the $60 resistance level. Looking at RSI, ETC is just above 40 and is thus in the safe zone.

On the other hand, ETC price could fall to $9 if the market turns on the crypto.

Possible reasons why ETC has been outperforming the market could be the crypto’s recently announced new upgrade scheduled for July 21. The upgrade will implement ECIP-1103 and include ETH’s Berlin Upgrade.

Also, perhaps investors deem the altcoin a good asset to diversify into and hedge against Bitcoin and ETH volatility. ETC has a limited coin supply of 210 million. In comparison, sister blockchain ETH has an unlimited supply. As such, ETC’s token value is likely to appreciate once the blockchain reaches its maximum token supply.

In addition, the underway ETH 2.0 upgrade will help further differentiate ETC from its more popular sister ETH. In this case, ETC could prove to be a good way for investors to diversify their portfolios.

Finally, ETC holds sentimental value for those who wish to see what ETH would look like if the platform followed its initial roadmap.

Source: https://coinquora.com/ethereum-classic-etc-price-poised-for-a-surge-to-100/

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Shiba Inu Drops Hard Below Critical Support Level

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  • Shiba Inu’s price hit below its critical support level of $0.000007.
  • Its price is now is going for new lows of $0.00000630.
  • SHIB needs to reach above $0.000007 to change the momentum and go up.

Notwithstanding a recent drop in the crypto market, Shiba Inu (SHIB), the meme-based coin named as “Dogecoin killer” has not disappeared. However, there are still some struggles that SHIB has to face.

As of writing, SHIB’s price hit below its critical support level of $0.000007 and is headed for new lows of $0.00000630. Meanwhile, If Shiba Inu breaks through the $0.00000630 support level, it will go to the $0.00000440 support level.

Now, to acquire momentum and make it go up, SHIB needs to reach above $0.000007. Otherwise, if SHIB is able to break through this resistance, it will go on to the next level of resistance at $0.000008.

Numerous individuals think that the SHIB’s rise recently is merely because of the community. In any case, there are different conditions that help the crypto gain investor’s interest. Respectively, SHIB announced its listing in Binance last month.

Furthermore, Shiba Inu will establish its own exchange soon called ShibaSwap. With this,   another decentralized exchange (DEX) like UniSwap or PancakeSwap will be available in the market. Of note, the platform has been operational for a while, but it is still undergoing some tests for security and transparency development.

On another note, many experts and analysts have shared their predictions for SHIB. Market experts even outlined a strategy for Shiba Inu to hit the $1. To reach $1, SHIB needs to increase around12,000,000%.

Consequently, the coin has increased by around 2,000,000 percent monthly since January. Moreover, according to Market Realist, if SHIB  continues to expand at this rate, it might touch $1 by the end of 2021.

Lastly, based on Wallet Investor, Shiba Inu’s price is expected to hit $0.000030 by June 2021 and could rise to $0.000048 at the end of the year.

Source: https://coinquora.com/shiba-inu-drops-hard-below-critical-support-level/

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US Financial Giants Tread Carefully Into Crypto Trend

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  • A large number of financial players continue to move into the crypto space.
  • Its volatility may be holding it back from reaching its potential value.
  • The future of crypto seems uncertain as both community interest and risks stay high.

Even as the pressure around entering the crypto space has cooled down, a large number of big players continue to move in. Many US finance giants are treading forward, cautiously.

Jamie Dimon, Chief Executive at JPMorgan and Chase, said recently, “My own personal advice to people: Stay away from it.” He added, however, “That does not mean the clients don’t want it.” The biggest US bank in terms of assets, JPMorgan is currently assessing how it can help its clients transact in crypto.

Early 2021 saw the financial industry brimming with excitement and possibilities for cryptocurrency. Part of this was due to Bitcoin’s unprecedented jump in value from late 2020 to early 2021. Some of the most recent players attracted by crypto’s novelty are:

  • Online trading firm Interactive Brokers, who promised that it will establish online trading of crypto on its platform by summer end. At this moment, it doesn’t offer crypto payments. Still, it gives its clients the option to invest in assets that include crypto or Bitcoin futures.
  • ForUsAll, a platform managing retirement accounts for small businesses, has also stepped in. It announced on Monday its decision to work with Coinbase for clients to invest up to 5 percent of their balances in crypto.
  • Morgan Stanley, Goldman Sachs, have both recently targeted crypto enthusiasts within their clients. The former stated that it would allow its richer clients to invest in Bitcoin funds, while the latter opened its doors to crypto trading with a newly assigned team.
  • Brokerage firm Fidelity Investments also filed papers with US securities regulators for a Bitcoin exchange-traded fund (ETF). Previously, it created a digital assets division in 2018 to trade crypto for hedge funds.

Despite the steady, yet cautious increase in digital asset investors, concerns remain high. This has also to do with high volatility in the market, especially reflected in Bitcoin’s most recent bull run. BTC went from $63,000 in mid-April 2021 to half its value, $34,000 in June.

Ian Gendler from Value Line, a research firm, sheds light on the influx of investors saying, “Speculators and those suffering from FOMO (the ‘fear of missing out’) will surely continue to flock to cryptos in the hopes of achieving huge returns.”

He, however, directs clients to avoid crypto investments due to high risks and the lack of tangible assets. He also noted, Bitcoin and other digital money is not backed by governments.

Cryptocurrencies are only worth what the next investor is willing to pay.

It seems likely that crypto’s lack of a steady trend may be holding the currency back and blocking possible investments. Be that as it may, but investor interest in the digital asset is far from going down. We’ll just have to keep waiting to see what the future holds for cryptocurrency.

Source: https://coinquora.com/us-financial-giants-tread-carefully-into-crypto-trend/

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