Blockchain Used To Track Minerals in War Torn Countries

It has been reported that more and more companies are using blockchain technology to track the supply chain of valuable minerals.

One of the companies that is using blockchain technology to better track shipments of precious metals from mines to manufacturer is Minespider.

The company is using distributed ledger technology (DLT) to create data blocks that can be attached to gold ingots, pallets of tin, or truckload of tantalum and tungsten as QR code labels.

The main aim of tracking precious metals is to avoid sources whose profits are used to fuel violent campaigns of rebel militaries, criminals and terrorist.

Through the use of blockchain technology that is implemented in the QR codes manufacturers are assured that the raw materials they are using comes from a politically stable county.

New Crypto Public Guidelines Released In Malta

It has been reported that the Malta Financial Services Authority (MFSA) has released new guidance to the public about cryptocurrency investments and related risk.

The new guidance is aimed to educate the public on how to identify and avoid scams and fraudulent schemes.

The guidance touch upon the most common types of crypto-related scams such as fraudulent initial coin offerings (ICOs), crowdfunding initiatives that promises unrealistic gains from investments and fake exchanges and crypto wallet providers.

According to the documents released there are common warning signs potential investors should consider when investing in digital assets, these include: unusually high returns, 100% guarantee on fund deposits, aggressive selling techniques and contradiction of information from written documents and spoken information.

Malta in the last past years have been the leading destination of blockchain and cryptocurrency projects due mostly in part in its very cryptocurrency friendly environment, recent initiatives seems to be in line to promote the country as a safe haven of not only cryptocurrency/blockchain projects but also for investors are would like to participate in investing in the nascent industry.

Chinese Internet Court Leverages Artificial Intelligence And Blockchain Technology

According to local news report in China, Blockchain technology is increasingly being used by Chinese law courts to settle court cases.

It was revealed by Zhang Wen, the president of Beijing Internet Court, that the specialized court employs technologies such as artificial intelligence and blockchain to render judgment on its causes which has processed more than 14,904 cases since its founding in September 2018.

Wen also told the local news outlet that the court had deployed blockchain in 58 cases to collect and provide evidence with AI assisting in making rulings, however, currently the human judged is ultimately tasked for the fair ruling of these cases.

He also stated that that in the future we may see that Artificial Intelligence will be the one sitting in the podium and rendering judgments on behalf of this human counterpart.

While it is widely seen that China has turned its back on cryptocurrencies, it has been embracing the underlying technology that makes cryptocurrencies so valuable-blockchain technology.

This is evident by the number of initiatives the country have deployed to leverage the emerging technology and based on the number of patents it is holding in the space.

Nike Could Steal Facebook’s Crypto Thunder

Everyone in the cryptocurrency and blockchain community was excited to learn that one of the major American Brands is now considering to dive into cryptocurrencies.

This information was revealed when information started surfacing online stating Nike is seeking to trademark “Cryptokicks.”

While it is easy to assume that the name might only be a name for a new show model parts of its trademark application states that it will include financial services such as a digital currency or digital token for use by members of online community via a global computer network.

Basing our assessment on its application we can conclude that Nike wants to build an online brand around this name, which perhaps include games, collectibles and loyalty rewards.

If Nike’s digital token become a success we could see the birth of a new way of brand interaction that leverages blockchain technology and cryptocurrencies, especially in fashion and sports apparel.

Circle Research Report On Crypto Industry Development

The research arm of Circle, a U.S.- based fintech firm has recently released a comprehensive report covering the crypto industry’s key development from the first quarter of this year.

Dubbed as the 1Q19 Crpto Restrospective, the report delved on themes such as: open finance, institutionalization, stablecoins, security tokens and Bitcoin.

In addition to the aforementioned themes stated above the report also stated 5 key developments in the industry such as: continued rise of proof-of-stake networks, crypto lending space, initial exchange offering (IEOs), fake trading volumes reported by exchanges and cryptocurrency network launches and updates.

The research also noted that despite the year long bearish market there is a rising level of venture capital investment into blockchain startups focused on creating the infrastructure and solutions necessary to legitimize the nascent industry.

Circle’s recent report called upon the assistance of various blockchain analytics firms such as Messari, TokenAnalyst, TIE and Kaiko which proved the be an effective call judging by the number of positive feedback on its publication which is now being considered the new standard for quarterly crypto research updates.

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