FDA: Blockchain-Based Food Tracking Bound for Widespread Adoption

By VICTORIA CAMPISI

A new rule could boost blockchain-based food tracking.

The rule, expected next November, would require the food industry to maintain records associated with the critical tracking events on the supply chain, according to Frank Yiannas, deputy commissioner for food policy and response at FDA, as reported by The Wall Street Journal (Feb. 1).

Events include growing, receiving, transforming, creating and shipping food products.

The Food Safety Modernization Act Proposed Rule for Food Traceability wouldn’t require companies to maintain electronic records. However, it is believed many would employ digital systems including blockchain to comply, Yiannas explained.

Blockchain is the distributed ledger technology supporting bitcoin and other cryptocurrencies. It is a decentralized technology spread across many computers that manages and records transactions.

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Opera Releases Web3 Browser to Let Users Seamlessly Link Crypto Wallets to Blockchain Services

Opera’s crypto browser will allow users to link wallets like Metamask, apart from its native crypto wallet that was launched in 2018.

By Shomik Sen Bhattacharjee

Opera’s new browser offers direct, frictionless access to Web3 services.

  • Opera has launched the beta version of its “Crypto Browser Project”
  • Opera’s Web3 browser features a news and data aggregator section
  • The beta is currently available for Windows, Mac, and Android

Opera, the team behind the popular multi-platform browser has now unveiled a new browser project which the company dubbed “Crypto Browser Project,” aimed at offering users direct access to Web3 services with beta versions already rolling out for Windows, Mac, and Android. With the crypto browser project, Opera intends to make it easier for crypto natives, as well as relative newbies to browse decentralised apps (dApps), access blockchain games and metaverse portals more seamlessly across platforms and devices.

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Altaeros partners with World Mobile to raise blockchain network to the sky

By Lindsey Schutters

World Mobile, the first mobile network built on blockchain and run by the people, partners with Altaeros, developers of the world’s first autonomous aerostats, to connect the unconnected.

Altaeros is focused on developing and deploying innovative infrastructure solutions

Through this partnership, Altaeros and World Mobile will provide low-altitude aerostats (tethered balloon platforms) with a coverage area of approximately 8 000 square kilometres each, forming part of World Mobile’s Dynamic Network.

Several aerostats will launch in Zanzibar anchoring the network and delivering connectivity near to 100 percent of the island. Each aerostat will connect hundreds of thousands of subscribers and each subscriber on the network will create a blockchain wallet. World Mobile will be deploying thousands of aerostats across the continent.

The aerostat system consists of a helium-filled envelope and stabilising fins. The unique three-tethered architecture limits the aerostat’s movement in the air (pitch, roll and yaw), which is essential in stabilizing telco coverage so connectivity doesn’t drop in and out.

The aerostat is attached to a movable mooring platform with built-in software that adjusts the balloon’s position depending on wind conditions. The onboard communication system, using beamforming technology (a technique that focuses a wireless signal towards a specific receiving device) will allow 3G, 4G and 5G handsets to connect directly and will also connect WM AirNodes in the vicinity via traditional and alternative spectrums.

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How NFTs Could Transform Property Investing

The sale of virtual lands happens daily in Decentraland, but a recent purchase by property investors took virtual land investment to a whole new level. According to Yahoo Finance, …

By NuWire

The sale of virtual lands happens daily in Decentraland, but a recent purchase by property investors took virtual land investment to a whole new level. According to Yahoo Finance, 259 parcels or 16 acres of digital land bought by Republic Realm cost more than $900,000, the most expensive purchase of NFT land ever. NFTs, also known as non-fungible tokens, have been a hot financial investment topic in the art industry. However, in recent months NFTs have become increasingly popular in the real estate investing sector. The ability to buy and sell property on blockchain-based platforms like Cryptovoxels and Decentraland indicates that blockchain is reshaping the real estate market. If you’re looking to invest in this blockchain-based real estate trend, read on to learn how NFTs could transform property investing.

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The United States will become the global crypto and blockchain leader

The United States is rapidly embracing decentralized finance, the cryptocurrency sector and the innovative industry of blockchain technology.

We have some great news coming out of the United States on the cryptocurrency industry this month with potentially more good news coming later this fall.

On Oct. 6, Gary Gensler, head of the U. S. Securities and Exchange Commission (SEC), confirmed during a House Committee on Financial Services hearing that the regulator will not ban cryptocurrency, potentially blazing the path for the world’s largest economy to become the global leader in the development of decentralized finance (DeFi) and blockchain technologies.

Gensler, who taught a class on cryptocurrency at MIT, also said that prohibiting cryptocurrency doesn’t fall under the SEC’s mandate and the only way to legally ban digital assets would be through Congress.

“It’s a matter of how we get this field within the investor consumer protection that we have and also working with bank regulators and others — how do we ensure that the Treasury Department has it within Anti-Money Laundering, tax compliance,” Gensler said. He also added:

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Blockchain will transform government services, and that’s just the beginning

Governments will not only use blockchain for fundamental services such as identity and voting but as a framework for economic growth. 

Governments are tasked with bringing fair and efficient services to the public. Unfortunately, providing transparency and accountability often results in a reduction in efficiency and effectiveness or vice versa. Governments are usually forced to choose to improve one at the cost of the other. On rare occasions, technology comes along that enables governments to improve fairness and efficiency.

The move from paper-based record keeping to computer databases was one such technology. The internet was another. Blockchain is the next. Like the internet before it, blockchain will not only improve how the public interacts with government services, it will have broad economic and social implications.

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How blockchain can drive video games into the Web 3.0 future

NFTs, metaverses and ‘play-to-earn’ are upending gaming’s traditional revenue model. Shreyansh Singh of Polygon explains blockchain gaming’s business potential.

In recent years, various forms of in-game purchases and microtransactions have become the norm for many games. Free-to-play games that generate income from these revenue sources have also grown in popularity, but many gamers remain unconvinced. Now, thanks to developments in blockchain and novel software development kits (SDKs), developers can bring NFT-powered items and transactions into their games — even existing ones — for the first time. This stands to bring in a new era of gaming that benefits both developers and players alike.  

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Cambridge Researchers Devise New Blockchain Impervious Even to Quantum Computers

The superior power of quantum computing poses a threat to blockchain technology and the cryptocurrency segment. However, Cambridge Quantum, the quantum software leader in the UK, might prevent that from happening.

Cambridge Quantum has recently released a new study and its partners from the Inter-American Development Bank (IDB) and the Monterrey Institute of Technology (TEC de Monterrey). In the new report, now available in the preprint repository arXiv, researchers demonstrate a new blockchain technology that can supposedly resist attacks even from a quantum computer.

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India launches world’s largest blockchain diploma verification system

By Sam Cooling

Amid widespread diploma forgery, and driven by the intense competition in India’s job market, the Maharashtra state government has announced the launch of a new blockchain verification system to ensure transparency for genuine qualifications.

The new system will be the world’s largest educational blockchain system, and the Maharashtra State Board of Skill Development (MSBSD) has taken the active decision to overrule the nationwide ban on crypto technologies in order to deliver the progressive project.

“In the last 10 years, there has been a rampant increase in forgery of government-issued documents which have caused huge financial and reputational losses to the stakeholders involved,” said the Chair of the MSBSD as he announced the new system.

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China’s digital currency adds support for AliPay – the Alibaba payment app with over 700 million users

And just like that, the Digital Yuan has its route into the mainstream

Simon Sharwood, APAC Editor

Alibaba’s controversial financial services arm, the Ant Group, has been welcomed into trials of China’s digital currency.

China’s state-controlled media on Monday reported that the Alipay app has added a feature allowing transactions in the Digital Yuan. Alipay has over 700 million monthly active users in China alone.

State-backed journal China Securities Journal reports that functionality to link to a bank is currently limited, and that no merchants are listed. Nor has the feature been made available to all users. But the Journal reports that real-time, anonymous, transactions are possible.

A second Journal piece reports that an Ant-Group-backed bank has also linked accounts to the Digital Yuan, as have some other banks.

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Blockchain in Entertainment Industry to Help Develop New Business Models

By Ejiofor Francis  Updated by Leila Stein 

  • Blockchain will break up entertainment monopolies.
  • This technology will put the power back in the hands of the creators.
  • Many industry problems can be solved through the blockchain.

The innovations in blockchain technology are evolving at the speed of light. Industries are planning to deal with current challenges with the help of these technological advancements. 

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BMW, Ford back development of vehicle ‘birth certificates’ built on the blockchain

The solution will track a car throughout its sales history, clamping down on mileage tampering and fraud.

By Charlie Osborne 

BMW, Ford, and major technology companies have indicated their support for a new blockchain project to assign “birth certificates” to vehicles. 
Announced on Tuesday, the initiative is focused on developing technologies able to track a car from its manufacture and beyond, including when the vehicle has changed hands, its maintenance history, and records of mileage and any past damage. 

The developer of the system, the Mobility Open Blockchain Initiative (MOBI), says that this could stop second-hand sellers from misleading buyers, could wipe out the use of tools including roll-back odometers, and could “better track and protect vehicles’ true identities.”

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