The Wall Street Journal underestimated ICO raised investments in 2.5 times. This information has been reprinted in several world Media. When comparing the first quarter of the 2019 year with the same period last year,...
Binance Coin (BNB)’s ROI is up by more than 9,000 percent, but it is no coincidence as the innovations of Binance led to the increase in value. The changes and trust around the cryptocurrency exchange could see the coin even rise higher in the future.
John McAfee is the creator of McAfee antivirus, and he’s also a computer and cybersecurity expert. Some even call him a genius. He recently promised his fans that he would finally reveal the identity of the person who created the innovation called Bitcoin. He hinted at the fact that there are more people in the … Continue reading "John McAfee Hints At Exposing The Real Identity Of Satoshi Nakamoto, In An Effort To Shut Down The Craig Wright Circus"
There are a lot of crypto enthusiasts who have been expecting this moment, and it’s finally here – Forbes released its Blockchain 50 list of leading companies from the industry. Companies featured on the list The retail giant Amazon is on the list for its suite of blockchain tools that the giant has built in … Continue reading "Amazon, Ripple And More Are Included In Forbes’ Blockchain 50 List Of Companies Innovating On The Blockchain"
This year, the crypto space has been flooded with many optimistic predictions involving Bitcoin and altcoins’ prices and some of them seemed viable assumptions, others, not that much. There’s a prediction this week that claims that XRP will be boosting its price by more than 1,000 times and the digital asset will reach $300 by … Continue reading "Ripple Mind-Blowing Prediction: XRP To Reach $300 By The End Of This Week"
A leading US Coinbase exchange spreads the word that is has added 11 more countries to its list of customers, including India, where the RBI last year banned banks from working with any crypto company...
The Tron ecosystem is expanding with each passing day, and Justin Sun could not be prouder of the project. The Tron Foundation is currently focused on creating one of the most important blockchains in the whole world, and it really seems that this goal has been getting closer and closer despite all the hate and … Continue reading "USDT Launched On Tron Blockchain Successfully – Justin Sun Aims For 2,000 DApps By The End Of 2019"
We already reported that XRP has been enjoying increased adoption via various integrations. First of all, XRP has been recently integrated into WooCommerce which powers about 3.3 million online stores, and this definitely boosted adoption of the coin. Ripple's digital asset has also been integrated into Microsoft Outlook and Gmail as well where it can … Continue reading "XRP Adoption, Spreading Like Wildfire: Ripple’s Coin Could Be Integrated Into Skype Soon, Weiss Ratings Confirms"
Bitcoin Still Looks Hot Over recent days, Bitcoin (BTC) has stagnated. After crashing to $4,950 late last week, BTC has steadily ground higher, trading between $5,150 and $5,300 for the past 72 hours without as...
Ethereum price stayed above the key 0.0314 support area against bitcoin and climbed above $170 versus the US Dollar. ETH to BTC is likely to extend gains above 0.0340 and 0.0342 resistance levels. Key Talking...
April’s action on crypto markets has been great for some and not so impressive for others. Bitcoin, Litecoin and Bitcoin Cash have made good progress but Ripple’s XRP has largely been left out as it...
Binance Hints That DEX Launch To Come Today Mere minutes ago, Binance just pointed this nebulous message (seen below) on Twitter. The firm wrote that today marks the birth of a new genesis block. While...
Corps Going Ham For Blockchain Bitcoin (BTC) may be in the middle of a harrowing downturn, but blockchain still seems to be all the rage. According to a recent report/list from Forbes, some of the...
Ripple’s Xpring and the creators of ZCash have been connected to a joint investment into a cryptocurrency startup looking to take privacy tokens mainstream. Bolt is a private, off-chain cryptocurrency being designed on top of...
The Enterprise Ethereum Alliance (EEA), an Ethereum member driven consortium, has announced the launch of a blockchain-neutral Token Taxonomy Initiative which includes, among many high profile partners, the Wall Street financial institution J.P. Morgan Chase....
Cryptocurrencies and blockchain technologies are proving to have more uses every day, convincing more people and businesses of the relevance of this revolution. An example of this is the expansion of Brave, an internet browser...
Since EOS launched its main net last year, the rivalry between EOS and Ethereum has become ever more heated as each tries to position itself as the superior offering. Shots are frequently fired from both...
The TRON ecosystem is growing every day and Justin Sun doesn’t seem to be willing to rest. The head of the TRON Foundation is focused on creating one of the most important blockchains in the...
If you are a WAVES trader and you have heart problems, we hope you weren’t tracking the behavior of this coin in Binance during the last few hours because it’s very likely that you suffered a...
In the US, three drug dealers were arrested after laundering over $2 mln in Bitcoin on the dark web The three criminals arrested in the US on Tuesday were charged with running stores on the...
The collaboration between IOTA and EVRYTHNG announced today is designed specifically for making product supply chains transparent in order to meet the urging demands for sustainability from people and planet alike.
Supply chains are complex systems that currently lack transparency. Increasing transparency among supply chain stakeholders is already a daunting task. Exposing this transparency to consumers is even more difficult.
But what if consumers could demand transparency? Today’s consumers want to make informed choices about the products they purchase. Particularly in the food and fashion industry, provenance data can help consumers assess the authenticity and sustainability of the products they purchase.
Securing transparency with DLTs
Public distributed ledgers can help manufacturers open up supply chain data to their customers. Storing this data on distributed ledgers allows any customer to access it either from a dedicated app or with a simple web interface, without the need for any log-in detail or sharing of personal data.
EVRYTHNG’s mission is to give unique digital identities to a range of consumer goods. Using this identity, an object (like a handbag or a bottle of whiskey) can be followed along its production chain, while collecting data about its manufacturing process.
For luxury items, such data becomes important to prove their authenticity and can combat the half-trillion-dollar counterfeit industry. In the case of organic food, the same data is useful to prove compliance to high production standards.
The information contained in this data often fails to reach consumers in a trusted and transparent way. Instead, it remains siloed by manufacturers who face the challenge to prove the integrity and authenticity of this data to consumers.
When information is provided to customers via a centralized platform, it has often been aggregated by numerous actors in the supply chain and filtered through a middle man.
This increases the risks of tampering or false information and authenticity of consumer goods cannot be proven if there is no trust in the authenticity of the data used to prove it.
A first step is offered by new mobile technologies. Combined with a QR-code or other scanning and tagging technologies, unique digital identities can be used to link physical goods to their digital representation and provide their related data to consumers.
But this data is still not enough to prove the authenticity of the attached goods.
Distributed data integrity for digital doubles
IOTA is committed to providing data integrity by allowing data to be stored on a distributed ledger which is easy to access and available to everybody. IOTA’s distributed ledger, the Tangle, is ideal for these micro-transactions given its feeless and permissionless nature.
For a goods manufacturer, the feeless micro-transactions structure allows any of its business partners to send IOTA transactions without dealing with the complexity of setting up wallets and buying cryptocurrency.
For customers, accessing the IOTA ledger and the information shared on it does not require ownership of cryptocurrency nor to install a wallet. All involved actors can send small amounts of data to the IOTA ledger without the need to identify complex business models to cover the costs of managing this trust infrastructure.
Furthermore, IOTA’s permissionless nature allows users to access an always available and general purpose infrastructure provided as a service to deploy new applications.
This removes the need to first solve and define complicated governance rules and stakeholders agreements before any infrastructure can be deployed.
With EVRYTHNG and IOTA technologies coming together, product data can be opened up to consumers with embedded authenticity and integrity.
With this in mind, back in January, we organized a small half-day IOTA/EVRYTHNG hackathon.
The target was simple: increase trust in the products data that the EVRYTHNG platform collects and transfer this trust to the consumers of those goods.
The idea works like this:
As soon as data is collected and attached to a product digital identity, it is stored in the EVRYTHNG platform and at the same time a hash (e.g. SHA256) of it is stored into the IOTA Tangle. This hash becomes timestamped and immutable.
So once a digitized product ends in the hands of the consumers, its digital identity can be instantly scanned with a smartphone and all relevant data will appear on the screen.
To be sure that this data is real and not an altered new version, an app on the consumer’s mobile phone can automatically match the received data hash against the already computed one from the IOTA Tangle. If the two are a match, the data is genuine.
For simplicity, this is done by a dedicated consumer app. However, due to the open nature of IOTA, consumers can also do the same with any tool of their choice, manually exploring the IOTA Tangle through existing and independent web tools (e.g. https://thetangle.org/).
As a result, manufacturers can not repudiate data attached to their products, and even EVRYTHNG can not change it. This way, trust in product data is brought to consumers to empower them with the ability to identify fake data.
How did we do this? In order to support its customers and goods manufacturers needs, EVRYTHNG already developed the Blockchain Integration Hub (https://developers.evrythng.com/docs/blockchain-integration-hub).
The Hub integrates with the EVRYTHNG main solution — the Reactor Rules Engine.
This engine allows the EVRYTHNG’s platform users (e.g. manufacturers) to develop scripts that trigger actions associated to products’ digital identities when specific conditions are met.
Thanks to the integration with the Hub, one of the new supported actions could be sharing the hash of the data associated to a given digital object onto a target blockchain. And in fact the Hub already integrates different blockchains for this purpose.
But how and why has IOTA been integrated then?
It’s very simple.
For each digital identity managed by the EVRYTHNG engine, a digital twin is created. The digital twin is a digital representation of a product that solely contains the information needed to be stored on a blockchain or distributed ledger.
In this case the product’s digital identity and the hash of its associated data. In the case of IOTA, a dedicated MAM Channel is created for each digital twin.
Messages in the given MAM channel carry new versions of the information associated to that digital product. More details can be found here: https://developers.evrythng.com/docs/iota
“What makes a significant step forward here is the simplicity of integration and the natural fit that MAM channels provide to the concept of capturing, sharing and validating supply chain events,” said Dominique Guinard, EVRYTHNG CTO.
“The different events in the life-cycle of a product that need to be sent to a DLT can easily be linked in the same MAM channel, without any extra work,” Dominique concluded.
Without a second layer protocol like IOTA’s MAM, sharing multiple information requires the creation of multiple transactions. And maintaining a link between these transactions requires extra off-line overhead resources.
This is the typical architecture on other blockchains, but with MAM such functionality is prepared and ready to be directly deployed.
In supply chains where each product is digitized, the amount of overhead might be overwhelming and impossible to manage.
Figure below shows the implemented architecture:
However, the availability of the MAM protocol is not the only IOTA feature that perfectly matched the EVRYTHNG use cases and requirements. IOTA’s permissionless nature allows supply chains actors and EVRYTHNG to secure the integrity of the shared data with a computation power which is higher than any other permissioned network.
The same permissionless nature of the IOTA ledger makes it possible to open consumer access to such data immediately, without the need to pre-establish trust with any organization recipient of this information.
In addition, the feeless IOTA transaction structure allows the solution to scale independently from the number and type of supply chain managed identity and events.
The lightweight IOTA protocol, which doesn’t require expensive Proof-of-Work (PoW), meets the requirements of supply chains to design energy-efficient and greener solutions.
Following the success of this implementation, a number of real use cases are currently being tested by EVRYTHING with its customers (e.g., product manufacturers) and their consumers.
IOTA and EVRYTHNG are also exploring the required further development efforts to integrate MAM with supply chain standards, in the aim to establish IOTA as reference architecture for supply chain transparency and traceability.
For more information about the use of IOTA Technology in supply chains, and to discuss more ideas on how to integrate IOTA, please visit:
IOTA and EVRYTHNG Collaboration: This is how you make a transparent supply chain was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
Lykke joins the list of crypto exchanges where users can buy NEM. As of April 16th, Lykke Exchange will enable deposits, withdrawals and trading of the XEM cryptocurrency in the XEM/BTC and XEM/USD trading...
We already reported that Bitcoin and the rest of the digital assets have been struggling to get more adoption in terms of real-world use cases. Heading towards mass adoption More crypto experts and analysts have been suggesting that after the bearish 2018 which only led to the maturation of the crypto market, 2019 will be … Continue reading "Adult Site CamSoda Starts Accepting Monero (XMR), Bitcoin (BTC) and More Digital Assets For Payments"
Here’s another bullish Bitcoin (BTC) prediction. Crypto trader Nicholas Merten just said that a historical analysis for BTC’s previous boom and bust cycles shows that a new bull run would bring the price of BTC to $68k. The man is also running the popular YouTube crypto channel called DataDash, and he said that BTC’s rate … Continue reading "Bitcoin (BTC) Bull Run Is Reportedly Targeting $68,000"
Bitcoin is still in the spotlight, and now Forbes is the one who sees a bright future for the digital asset. This year there have been a lot of predictions regarding BTC, and most of them have been bullish. BTC is gold's rival Forbes’ Clem Chambers says that Bitcoin (BTC) is gradually taking the place … Continue reading "Bitcoin Can Compete With Gold And BTC Hitting $10,000 Is a Viable Possibility By The End Of 2019, Says Forbes"
Another new exchange is on the market, and it will help boost the adoption of digital currencies. eToro just launched its very own crypto exchange via its blockchain division, eToroX. eToroX crypto exchange The most important cryptos by trading volume will be available on the platform, and these include Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), … Continue reading "eToro’s New Crypto Exchange eToroX Lists Bitcoin (BTC), XRP, Litecoin (LTC) And More"
Ripple’s senior vice president of product Asheesh Birla said that Ripple would be soon launching a considerable expansion of its xRapid cross-border solution which is powered by XRP. Boosting xRapid and XRP During a new YouTube AMA, Birla talked about the company’s strategy for boosting XRP and xRapid which only has a single corridor open … Continue reading "Ripple Gears Up For The Expansion Of xRapid – Volatility Doesn’t Affect Transactions "
Ripple price extended losses below the 0.0000670 support against bitcoin. XRP is currently in a strong downtrend and it may even test the next key support at 0.0000600BTC in the near term. Key Talking Points...
Cryptocurrency markets are moving again today as fresh enthusiasm, and around 5 billion dollars, flows back into digital assets. Yesterday’s dip had all the signals of a larger drop off as the crypto community squabbled...
A few hours ago, Kraken Exchange announced its decision to delist the BSV token of its platform, joining a movement promoted in the ecosystem to stop the toxic actions that Craig Wright and Calvin Ayre, main...