Retail giant Target has quietly worked on a blockchain-based project for better supply management named the ConsenSource. We found out about it in our coming altcoin news and now we will read more about the project.
Most recently, Target cooperated with the Hyperledger Grid project which is a supply chain framework also used by the food giant Cargill which is one of Target’s suppliers along with the tech giant Intel and Bitwise.io. In order to boost the distributed ledger technology work, Target will implement blockchain engineers and system developers that will work on the project and the company’s career page.
The new engineer will contribute to the open-source ConsenSource and to the Hyperledger Grid by developing a ‘’ distributed ledger system, protocol, smart contracts, CLI’s and RESTful APIs in an open source environment’’ according to the job posting. The vice president of architecture for the Retail giant Target Joel Crabb noted:
“I’m proud that Target will support the Hyperledger Grid project, and that we’re committing dedicated engineering resources to build out components in the Grid architecture.’’
The ConsenSource project was mainly focused on the certification of suppliers for the company’s own paper manufacturing since the retail giant has been working with the forest managers directly in order to learn about the technology and figure out what data can be shared on the distributed ledger. Crabb also explained:
“Many companies – including Target – see the most potential for enterprise blockchain initiatives as open source. Open-source projects require all participating parties to define the governance model collectively from the outset, so companies then can focus their time working on blockchain-based solutions that will lead to greater speed, transparency and cost savings.”
Target has flown under the radar regarding the blockchain initiatives. The company has previously hired Aarthi Srinivasan who was a big shot at JPMorgan and IBM. Later in 2018 as reported in the latest cryptocurrency news, Target had been working on the supply chain product under the open-source consortium Hyperledger since then. Emily Fisher who is a spokesperson for the Linux Foundation also working with the Hyperledger team stated:
“Target has made code contributions but is not a member of Hyperledger.”
Global Staffing Firm Turns To Blockchain With New Partnership
"With a blockchain supported platform, Moonlighting provides a full turnkey solution with a suite of tools to empower millions of independent workers and recruiters worldwide."
Reddit Co-Founder Will Stream Blockchain Game Face-Off
“With Skyweaver using Ethereum, it means you can send your cards to your friends, trade them with other players on our platform, trade them on another website, buy/sell them on Reddit, burn them, lend them to people that want to play with your cards while you are on vacation, etc. Basically, we can't prevent you from doing whatever you want with these cards, just like physical cards.”SkyWeaver is now working in a private beta and is expected to launch later this year and in the meantime Horizon is inviting new players to try out the game every week as we read in the reports in the coming altcoin news.
Crypto Exchange Poloniex Drops 23 Pairs Due To Low Volume
‘’We will be removing 23 trading pairs on August 16, 2019, due to low volume. Note that each asset will continue to be independently tradable.’’More than half of the listed pairs are in ETH, about six are XMR pairings and the rest are stabelcoin pairs for the various obscure altcoins. Some of them include Loom Network/ USDT which has $50 traded in the past day, Status/USDT with just $157, Bancor/USDT trading only $75 per day, FOAM/USDC and the worst performing pair which is the Khyber Network/USDT. Some of the ETH pairs were popular altcoins with high volumes such as Golem, Qtum, GAS, Steem, OmiseGO and Civic but after bitcoin, Ethereum and Zcash as top pairs on the exchange, all others burst into flames. The Monero paris aside from BTC and stablecoins will also be dropped because of the low volumes. This could only be the case of falling volume on that particular exchange because the same pairs on Binance are doing really well. Compared to two years ago in 2017, the altcoin scene looked a lot different than today and many of the altcoins have now falled off the digital cliff in terms of token price regardless of other developments on the project by the respective teams. Two years ago in August, IOTA was the fifth largest cryptocurrency by market cap which was priced at $0.94 with a $2.6 billion market cap. Today as we can read in the latest cryptocurrency news, IOTA is struggling to say in the top twenty and is down by more than 75%. The Crypto Exchange Poloniex drops the pairs and we shall see if any major fluctuations will happen.
IMpulse K1 Is The Blockchain Smartphone That Sets The Bar Higher
Join us on Facebook
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Altcoin News4 days ago
Samsung Just Added Bitcoin Support To Its Blockchain Keystore
Regulation2 days ago
Bakkt Acquired Regulatory Approval From The US Regulators
Blockchain News4 days ago
BitMEX Loses The Leading Position To Emerging Competition
Bitcoin News4 days ago
Dallas Mavericks Is The Second NBA Team To Accept Bitcoin
Bitcoin Scams3 days ago
Chinese Ponzi Scheme Caused The Latest Bitcoin Sell-Off
Bitcoin News4 days ago
Bitcoin Chart Perfectly Shows The Dominance Of BTC Over Altcoins
Bitcoin News1 day ago
Bitcoin Price Hesitates But Further Recovery Is Likely
Altcoin News4 days ago
Coinbase Ditched Zcash And Here’s The Real Reason Why