Carrefour and Nestle partnered recently in order to use IBM’s blockchain technology to easily track French convenience food. Following the announcement that we have in our coming altcoin news, we find out more on the partnership.
The French supermarket chain and the Swiss-based food giant decided to use blockchain technology for improved food tracking. Both Carrefour and Nestle are a member of IBM’s Food Trust blockchain platform. They will use the technology starting today to better track the supply chain on the popular mashed potato brand Mousline.
When the procedure is complete, the customers will be able to scan a QR code with their cell phones and will be able to instantly check where the potatoes come from. The customers can check every single packet of instant mashed potatoes as well as their journey from start to finish. According to Carrefour and Nestle:
“Using the QR code on the product’s packaging, each consumer will be able to use a secure platform on their smartphone to access information on the production supply chain, including the varieties of potato used, the dates and places of manufacture, information on quality control, and places and dates of storage before the product reaches the shelves.’’
The decision to use IBM’s blockchain technology comes one day after the supermarket chain from the United States Albertsons stated it was going to use Food Trust for one of its products. Albertsons will use the blockchain technology to track the iceberg lettuce origins and other products are waiting in line as well.
As reported in our latest cryptocurrency news, Carrefour and Nestle continued to explain in the press release:
‘’ This partnership is based on the shared values of each company to bring consumers greater transparency in the food sector. By simply scanning a product using a smartphone, consumers will receive reliable and unfalsifiable information on the supply chain and production.”
Carrefour has been in the news before for attempting to use blockchain technology in order to be able to track the origins of the milk in its stores. Currently, there are about five million different items in the store shelves that are tracked with the help of blockchain technology.
Privacy Coin Monero Turns Five Today, What Did It Achieve?
“Monero gives you control over the privacy of your digital financial transactions. This privacy is a fundamental human right for individuals and a competitive essential for businesses.”In the latest cryptocurrency news, we also pointed out that the privacy coin monero made huge technical progress. In 2018, XMR developers activated bulletproofs which is a type of zero-knowledge proofs on the blockchain. The development affected the XMR transactions which made them extremely cheaper. Unlike other competitors, privacy coin monero was founded after the Bytecoin hard fork. It leverages ring signatures which makes possible for the identity of the sender to be hidden and all of the one-time keys are made unlikable. Combining with the Bulletproof program, the privacy on the blockchain is among the most advanced in the entire crypto ecosystem. It is interesting to notice that Monero does not have a constant growing competition since many out there are not privacy-oriented. For example, Nightfall and Zether protocols can only hide the transaction details on the ethereum network.
The Central Bank Of The Philippines Approved Three New Crypto Exchanges
“Melchor Plabasan, officer-in-charge at the Technology Risk and Innovation Supervision Department of the central bank, said newly approved were Bexpress Inc., Coinville Phils. Inc., and ABA Global Phils. Inc.”As previously reported in July 2918, the government-operated Cagayan Economic Zone Authority issued approximately 24 licenses for the crypto exchanges which actually increased the bar to 34. The economic zone in the Northern part of the Philippines issued its own licenses once again proving to be in step with the blockchain technology developments. Over the years, the country became a powerhouse for the crypto businesses because of the friendly regulations and the interest from the small and local companies. For example, the largest crypto exchange in Southeast Asia Coins.ph reportedly has 1 out of 10 Filipino adult users. The CEO of Pantera Capital Dan Morehead who is the first investor in Coins.ph stated:
‘’A week or so ago, we announced that we sold Coins.ph in the Philippines and I think that is a great example of Bitcoin’s actual usage now and not 20 years from now. They have one out of ten adults in the Philippines as a customer. That’s very real. I think it is important for the community to really know that there are applications that are working right now.’’The Filipino model of approving crypto exchanges resembles the one of Japan. The Financial Services Agency (FSA) and the rest of the authorities in Japan introduced a national licensing program. The agency manually approves all of the exchanges that operate on the market. The process for approving the exchanges starts by filtering the companies with weak infrastructure in order to make sure to protect the funds. This approach towards regulating the crypto industry in the Philippines is a good way to facilitate the growth of the crypto sector.
Analyst: “Break Of Current Bitcoin Resistance Will Start A Bull Run”
Binance Is Setting Up A Shop In Singapore This Month
“#Binance Singapore will come online in April. It will be our next Fiat to Crypto exchange servicing $SGD [Singapore dollar].”No further details have been provided such as which cryptocurrencies will receive trading support. Right now, the plan to set up the new trading platform was initially revealed by Zhao in September 2019 at an event in Singapore. At the time, Zhao said that Binance plans to launch fiat-to-crypto exchanges on almost every continent. In a Medium post last October, the firm said that it was setting up the operation with the help of an investment from Vertex Ventures - adding that beta testing for the platform was already in progress in September. Binance has been rapidly expanding its operations globally. In January 2019, it launched a fiat-to-crypto exchange on the island of Jersey (under British governing dependency) allowing users to trade Bitcoin and Ethereum against the British pound (GBP) and the Euro (EUR). The exchange also launched a new exchange in Uganda last summer. What's also interesting is that in another tweet, Zhao put some comments regarding the exchange's upcoming decentralised exchange, Binance DEX, at the Seoul event, saying that the expected mainnet launch will take place this month. The platform entered its public testing phase on February 20th. Built on the exchange's native public blockchain, Binance Chain, Binance DEX will have a very similar interface to the already existing centralised exchange with a couple of additional features - such as an option to generate a phrase for users' private keys, a "balances tab" that informs users of the status of their accounts as well as a "user icon" in the navigation bar that shows the specific wallet address.
Join us on Facebook
- LTC Price Can’t Keep The Pace Any Longer: Crypto Analyst
- Privacy Coin Monero Turns Five Today, What Did It Achieve?
- Gemini Crypto Exchange Includes SegWit Support To Its Updated Wallet
- Tezos Price Rises By 10% Reaching A New Five-Month High
- Notre Dame Reconstruction Powered By Crypto Fundraising Campaign
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Bitcoin News3 days ago
PayPal Board Member Says Bitcoin (BTC) May Surge By 250x If It Succeeds
Altcoin News4 days ago
Mitsubishi UFJ Financial Group Announces Plans To Launch Cryptocurrency
Blockchain News5 days ago
Billionaire Tim Draper Considers Investing In Facebook’s Crypto Project
Altcoin News5 days ago
Ripple Suffers A Setback By The Japanese Resona Bank
Altcoin News4 days ago
Anthony Pompliano Calls All Crypto Exchanges To Delist BSV
Blockchain News5 days ago
Fidelity Digital Assets Hires Ex-Coinbase Executive As Head Of Sales
Blockchain News5 days ago
Binance Labs Contributes $45,000 To Three Open-Source Fellowship Projects
Bitcoin News2 days ago
Canadian Mayor Says Bitcoin Is Much Cheaper Than Credit Cards