The Japanese tech conglomerate Hitachi has been working with the telecommunication giant KDDI and apparently testing a new blockchain-based system that will allow it to develop a technology that will settle retail payments that are validated through the customers’ fingerprints.
As one press release on Wednesday noted, a group of staff from both Hitachi and KDDI have been experimenting a coupon settlement system which is deployed in a KDDI store in Tokyo’s Shinjuku district, as well as a smaller donut shop.
The technology that is built by Hitachi and based on the Hyperledger Fabric platform, will integrate with Hitachi’s biometric verification and KDDI’s existing coupon system. As such, it will seek to settle shoppers’ coupon transactions over the network using only their fingerprints as the main validators.
Hitachi went on to explain why this technology is important, noting that shoppers need to register their coupon credits in a better way. The credits will be encrypted into biometric information – and then encoded into a string of encrypted data and stored on the blockchain.
Therefore, shoppers will be able to verify their identity with a fingerprint-reading device that will broadcast the request to the network that a transaction is settled. The company (Hitachi) said that the end goal is to make blockchain assistance an important part of our lives and that users can keep their coupon usage information accurate within the network simultaneously.
The company said:
“As a result, users can authenticate themselves by holding the finger on the authentication infrastructure, so it is not necessary to present a coupon at the store, and the coupon can be used even without a smartphone.”
Meanwhile, this is the latest pilot test taken by Hitachi and aiming at the blockchain technology. Last yet, the company announced another blockchain-based platform that will help supply chain businesses to manage their orders and invoices on an immutable ledger.
QuadrigaCX Chief Executive Feared For His Life According To A Close Friend
‘’Gerry was holding, we know, over $100 million, almost $200 million dollars in funds. That makes people do some pretty crazy things. And I think Gerry was aware of that, and I think he was kind of worried that something might happen.’’O’Brien also outlined that the only way to access the funds is if Cotten had already set up multiple contingency measures. He stated that the QuadrigaCX Chief executive should create a backup system in case anything goes wrong. This information can be hopeful for some users of the exchange but everything could be lost if there isn’t a backup system built. When he described Cotten, O’Brien noted that the QuadrigaCX chief executive was a super smart man but that ‘’ a dead man’s switch would be something that Gerry would have had to set up before he passed away.’’ Usually, this kind of a ‘’switch’’ is activated over a long time of inactivity. Some believe that the dead man’s trigger services could send an email to all of the users in a specified period over a month or two. The user is then expected to respond to the emails by clicking a link. However, if the user does not click the link, the trigger is activated instantly or over a grace period. Activation involves sending emails with specific instructions. This is what O’Brien believes that the QuadrigaCX chief executive has already done. As we mentioned previously in the latest cryptocurrency news, the QuadrigaCX chief executive Gerald Cotten died in India after a complication from Crohn’s disease. The funds cannot be accessed still.
Peter McCormack Sued By Craig Wright After Accusing Him Of Fraud
“Wright maintains that BSV is the real target due to its capacity for massive on-chain scaling, which represents an existential threat to the future of other cryptocurrencies, the flawed design of which prevents them from scaling to meet the needs of a truly global financial platform.”As previously reported in our latest cryptocurrency news, major crypto exchanges such as Kraken and Binance already delisted Bitcoin Satoshi Vision after Wright took a similar action as towards Peter McCormack only this time to the Twitter user Hodlonaut who initiated the Lightning Torch. Kraken delisted BSV for the same reason and so did the crypto swap service ShapeShift. The only one not delisting the coin is the OKEx crypto exchange.
Binance Chain Launch: Expected Mainnet Swap Set For April 23
"Binance Chain launches its mainnet and plans to execute Mainnet Swap on April 23, 2019.Please note that all dates are only our best estimates and are subject to change depending on how things progress. Please stay tuned for any updates during this period."The Binance Chain launch will also see Binance producing blocks with consensus from the genesis block as of today - and its native coin BNB is planned to be issued in the genesis block. Along with the launch, the exchange provided details for the conversion of ERC-20 based BNB tokens into native Binance Chain-based BNB (BEP2) coins. As such, the exchange emphasized that it will not support the withdrawal of ERC-20 BNB tokens after April 23. Both Binance Chain Explorer and Web Wallet will be available to selected partners in the beta testing mode and are expected to be opened to public access "around April 23, 2019" according to the announcement. What's even more specific in this coming altcoin news is the fact that Binance is planning on releasing more BEP2 coins as more users convert their ERC-20 BNB coins to BEP2 BNB with the Binance Chain launch, while the proportional amounts of the ERC-20 BNB tokens will be burned while "keeping the total supply across both networks constant," as the exchange noted. Currently, Binance is the third largest cryptocurrency exchange in the world. The Q1 2019 profits of the business recorded an increase of 66% compared to the previous quarter, as reported by many best cryptocurrency news sites. In another report, it is shown that Binance earned $78 in Q1 profits due to a massive growth in its over-the-counter platform. Recently, one charity arm of Binance said that it would launch a crypto donation channel to suppor the reconstruction of the Notre Dame cathedral.
Huobi Crypto Exchange Adds Three Trading Pairs For XRP In The USA
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