As you probably know from reading our DC Forecasts crypto news site, IBM is one of the leading companies when it comes to blockchain innovation. This has been proven in a number of occasions when the company filed for a patent and received unique rights to specific innovations in the realm of the blockchain.
The former PC manufacturer has so far built multiple blockchain technologies and is active in spaces like artificial intelligence with its unique Watson technology. However, it seems like IBM is focusing on the food safety and supply chain transparency lately.
As of recently, IBM was able to partner up with the French company Carrefour, which is known for being one of the largest multinational grocery chains with over 12,000 locations throughout the world. Carrefour managed to integrate IBM’s Food Trust, the blockchain-based data system that is now integrated into the company’s supply chain.
With this, Carrefour is positioned as a pioneer in jumping on board with IBM. The Food Trust system has gone live since Monday, and anyone in the food industry can subscribe to the modular software system which outlines three primary uses. The first module is called “Trace” while the others are a product for enhanced certification speed.
For ones that don’t know, IBM offers traditional businesses a solid access to blockchain technology, incorporated through a Software-as-a-Service model where food retailers are top among its targets. Previously, IBM worked to develop a solution for Walmart’s grocery department in an attempt to improve its own safety. The solution is described in the video below.
Russia Is Not Planning To Buy $10 Billion In Bitcoin
“This statement has no common sense. The Russian Federation — like any other country in the world — is simply not ready to combine its traditional financial system with cryptocurrencies.”Sidorenko reacted to the fake news reports from Telegraph where it was noted that Russia wants to invest $10 billion in bitcoin in order to mitigate the economic impact that is brought up from the US sanctions. The rumors emerged on Twitter where a particular user wrote that Kremlin has no choice but to invest in bitcoin and that it is the only way to avoid the harsh sanctions by President Trump. Ginko posted on Twitter and his post went viral after Telegraph wrote a story about it and lots of other websites just added their own touch to it. Ginko is known to the public for making such shocking tweets and comments after once saying that sham investment adviser Bernie Madoff is the real Satoshi Nakamoto. However, Sidorenko said that Ginko’s comments are absurd:
“Even if Russia wants to place its cryptocurrency assets now, it simply cannot do this. We do not have any mechanisms that would allow us to introduce a system: where these assets would be stored, which authorities would be responsible for it, which would be responsible for abuses and stuff.”However, according to Tota Kaliaskarova, the director of macroeconomic policy with the Eurasian Economic Union says that crypto could have a huge impact on the Eurasian economy.
Huobi Re-Launched As Fully Licensed Platform In Japan
$1 Billion In Transactions Reported For 2018 By BitPay
WordPress Is Launching A Publishing Platform With Blockchain Features
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- Russia Is Not Planning To Buy $10 Billion In Bitcoin
- Huobi Re-Launched As Fully Licensed Platform In Japan
- $1 Billion In Transactions Reported For 2018 By BitPay
- Third Audit Attestation Of USDC Stablecoin Reserves Released By Circle
- 21-Year Old Accused Of Stealing More Than $24 Million Worth Of Crypto
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