In the latest news centered around blockchain on our DC Forecasts crypto news site, we are talking about the Port Authority of the Bay of Algeciras (APBA) and its new signing of an agreement under which it will officially collaborate with IBM and run its platform Tradelens. The news emerged on Europa News yesterday and puts the Tradelens platform in the focus.
For ones who don’t know, Tradelens is a digital platform based on blockchain and developed by both IBM and the international shipping giant Maersk. Meanwhile, Algeciras is one of the top 10 busiest ports in Europe, hosting more than 70 million tons of cargo traffic annually.
As Europa News shared, the APBA note shows that this platform will allow APBA to exchange information and documentation between partners within a supply chain in a more secure and efficient way. The platform will also generate value for shippers, freight forwarders, logistics operators and shipping companies.
This also proves that more and more leading port operators are embracing blockchain as part of their digital operations. In October 2018, the Port of Rotterdam in Netherlands partnered with the Dutch bank ABN AMRO and the IT Subsidiary of Samsung to also test blockchain for shipping.
Before that, a subsidiary of Abu Dhabi Ports became the first entity in the country to deploy its blockchain solution, followed by the leading port in the UK, Associated British Ports, which signed an agreement with digital logistics enabler Marine Transport to also develop blockchain for port logistics.
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.
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