VeChain partnered with a risk management company named DNV GL and they announced that they will work on a public blockchain technology to improve drug traceability, security, and monitoring. This solution will first be implemented in China but if everything works out it will eventually be implemented worldwide.
China desperately needs a solution. The country went under a vaccine safety scandal where it was discovered that manufacturers illegally produced rabies vaccines and later were administrated to thousands of Chinese children. The worst part is that this isn’t the first time manufacturers have done this. This is a major problem for the country for years. Just a few years ago, there was a massive police action where they caught over 300 illegal distributors selling vaccines. Million of these vaccines were stored improperly which can later become harmful.
This is why the country is planning to include blockchain technology as one of the best ways to solve this problem. VeChain developed a blockchain traceability provider in Shanghai and by 2020 VeChain is required to achieve the goal. The way it will work is by IoT devices that will record all the data in the manufacture and transport in every possible level thus the data will be recorded on the VeChain blockchain and will eliminate potential risks of wrongful data recording.
VeChain enables accurate backtracking, targeted recall, ID for each vaccine and risk management to enable targeted monitoring. This invention has the potential to prevent and even eliminate future scandals and bring better and higher quality medical products to the people.
Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?
“Even if the SV mining collation do catch up with ABC or if they manage to do hostile chain re-orgs, its highly unlikely BCash ABC users & investors will ever switch to follow SV. ABC users just need to be patient & wait it out. @CalvinAyre & the SV miners will eventually give up,” BitMEX wrote on Twitter, doubling down on Jonathan Bier’s pre-fork prediction that miners would ultimately abandon the BSV fork.Currently, people are wondering how does the BCH hard fork affect other projects such as Bitcoin. The good news here is that the fork has no effect on BTC other than making it even less likely that Bitcoin Cash (BCH) will overtake Bitcoin (BTC) and claim its mantle.
A New $4 Billion Drop Sees Bitcoin Cash – And The Entire Market – Falling
‘Time May Be Right’ For Home Crypto Mining: Coinbase CTO
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine.”This is a notable perspective mostly because Srinivasan previously founded 21.co which was a startup that emerged from stealth in 2015 and had an ambitious plan to embed Bitcoin miners in everyday devices- which was then backed by Coinbase Ventures. Following the Coinmine announcement, Srinivasan wrote:
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine."As we can see from the above stated, the CTO of Coinbase seems optimistic about Coinmine's ability to add even more coins later, foreseeing a future where the company could play a key role in the launch of new tokens.
“I believe that decentralized mining is an important idea and worth trying again. It’s mining as Satoshi intended: many devices around the world with no single point of failure." Srinivasan concluded.
Crypto Exchange OKCoin Expands To Latin America, Launching A Fiat Market
"We’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence,” Buyn said following the official announcement.He also pointed that the Latin American market is extremely important for the exchange as it is for many crypto and blockchain industries.
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- Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?
- A New $4 Billion Drop Sees Bitcoin Cash – And The Entire Market – Falling
- SEC Shuts Down Two Crypto Startups For Illegal ICOs
- Q3 Report: Chinese Blockchain Company Xunlei Reaches $45.3 Million In Revenue
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