Headlines for the world of Cryptocurrencies - August 9, 2017

cryptowarrior88 (59)in #blockchain • 7 years ago (edited)

Blockchain Technology Can Transform Agriculture and Food Supply Chain

Agricultural sectors in Kenya are now considering blockchain technology's potential to hugely transform the agricultural industry.

Mr Kimani Mbugua, CEO of a Kenyan Agro-Processing company, Greenspec said that the technology has a huge potential in three key areas such as Supply Chain, Real Time Management and Mobile Payment and Financing.

Mbugua explained that blockchain has the ability to make the food supply chain transparent and rich with the immutable provision of information from where it originates to every household.

This can help consumers verify from the label how and what they used to produce the food such as organic food. Blockchain will ensure that participants along the food supply chain will not be able to
tamper such information.

European Regulation on iGaming Could Impact Bitcoin

With the spread of unregulated online casinos and gambling websites in European markets, local regulated companies are threatened that they could soon take over a large part of the market.

Two countries namely Poland and Czech Republic are now taking actions to stop the considered illegal operators of gambling sites and casinos. Poland now bans more than 250 websites in the country. Czech Republic is also doing the same and even increased tax rates and such rate is already one of the highest in Europe.

With European authorities tightening the screws in the iGaming industry, many online gambling operators have decided to stop their operations as they will not be able to save up quite a lot more when being regulated.

On the other hand, as operators can easily bypass the government blocking their IP addresses by using several subdomains, it would be difficult for them to avoid their fiat payment system accounts from being blocked by the government. This will eventually lead operators to consider Bitcoin as an alternative to continue their operations. This expected increase in demand will surely bring Bitcoin to new heights.

China Will Use The Blockchain In Sending Invoices and Collecting Taxes

Recently, Chinese government announced that they will soon issue digital invoices and collect taxes through the blockchain technology.

The government is partnering with Shenzhen Zhanhe Technology Investment Co. in doing research and development based on the gov't. Chain of taxation & fiscal applications.

This blockchain project will be the first in the world if ever implemented as per the partnership.