We all know that the blockchain technology is more than units on a computer. In many ways, it is designed to help and create a massive social impact with its use cases and different scenarios. One of them has been uncovered lately, just in time when Syria has gotten the world’s attention for the chemical attack on their citizens over the past few years.
The situation in Syria has been devastating for long now, with many refugees running away from the country and seeking asylum in the West. Another problem are the refugees themselves – which are fleeing everywhere and cannot be properly tracked or monitored.
Thanks to a new cutting-edge blockchain technology, this is going to change. In other words, every refugee will be able to keep their data private. The application has been developed by the UN’s World Food Programme (WFP) as well as other industry partners.
The benefits of this project are endless, both in the social and economic aspect. The impact of it, on the other hand, could shape the lives of many new generations to come. Even if we see it from a humanitarian perspective, the lives of the Syrian refugees have been completely changed and everyone deserves a chance to rebuild them.
In the midst of the crisis, this project can help the refugees re-connect with technology and rebuild their lives. They could transact from a single digital wallet comprised of a record of their purchase history, identification and “access to financial accounts” (which they don’t have nowadays).
This will likely improve a lot of things. The architect behind the program, Houman Haddad, is confident in this and hopes to see the Syrian refugees being able to transact from a single digital wallet with a proper blockchain-fueled ID system.
Ethereum Browser Startup Status Cuts Down A Quarter Of Its Staff
“The reality is that we will have to make another assessment end of Q2 which if the market hasn’t picked up we will be forced to make the organization even leaner, and the remaining fiat and our large ETH holdings will be used to create a runway measured in years.”Now, the priorities are to keep up the promises that the company made in its white paper and to get the app to be usable. Also, despite the cuts, Status confirms that they still have enough engineers that will work on the promises.
Hack Attacks Towards Ethereum On The Rise As Price Struggles To Climb Above $90
“Despite the price of cryptocurrency crashing into the gutter, free money is still free, even if it's pennies a day.’’The phenomenon of scanning the ethereum network was first discussed in June this year after one operation managed to obtain $20 million in ETH. Other incidents include joining different groups and parties to separate the crypto holders from their valuable assets. This year is possibly one of the worst years for cryptojacking or hack attacks which multiple companies monitor as well. Hackers tried to command the devices that mine in order to steal cryptocurrency. The monitoring companies noted a 500 percent increase this year only. Many new users don’t recognize this threat and many don’t understand it which is even a bigger potential of crypto jacking.
Developers Tested Exchanging ERC-20 Tokens Using The Second-Layer LN Protocol
“The ERC20 transfer function uses msg.sender for authentication. However, calling transfer from a contract deployment sets msg.sender to the address of the yet to be deployed contract which obviously has no tokens!”CoBlox noted that using the Lightning Network for atomic swaps allows the users to create invoices and pay them instantly but they also point out that the atomic swap can’t always be expressed with this model. They are still looking for other possible solutions to resolve this issue and this is one of the reasons they haven’t included the results of the PoC for the ERC20 tokens.
CFTC Asks For A Public Comment On Ethereum’s Network
“In a Request for Information (RFI) that will be published in the Federal Register, the CFTC is asking for public feedback on a range of questions related to the underlying technology, opportunities, risks, mechanics, use cases, and markets, related to Ether and the Ethereum Network. […] The RFI also seeks to understand similarities and distinctions between Ether and Bitcoin, as well as Ether-specific opportunities, challenges, and risks.”As we can see from the statement, the information gathered in the course of the exercise will be used to improve the knowledge bank that CFTC has on the subject of cryptocurrencies, positioning it for effective regulation as the space grows. Even though this announcement may be a hint, if it turns out that the CFTC is in the early stages of exploring approval for Ether futures, it could have a significant positive impact on Ethereum following its recent dethronement by XRP, becoming the third most capitalised cryptocurrency.
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