[GnomoNews]Your Daily News Resume of the Blockchain World
Welcome to the most interesting news I've come across for this wonderful blockchains world!
Giant to E-commence, JD.com, will track Meat import using blockchain
That's it. With each passing day, you are closer to knowing the origin of the food that arrives at your table.
The Chinese giant announced that it will be developing along with InterAgri, the leading meat industry in Australia, a project to trace back, from the breeding of the ox up to its sale, including details about the life of the animal, how it was raised, and how the meat was processed and transported.
Supply chain manangement seems to be a hot topic these days, with big companies like IBM wanting a slice of that market.
If the use of technology in that way interests you, take a look at this article which lists 4 blockchains that are being developed for supply chains.
Yeah... Walton Coin, is among them, the one responsible for last week's fiasco related to the giveaway of a few coins ...
But do not forget that before getting into the hype, it is always good to research what people are talking in opposition to the idea, like this article.
Source: Coindesk
Will Dubai become the capital of Blockchains?
The Dubai Tourism Department (maybe someday the cryptos will take me there...) started a new tourism project as part of the Dubai 10x initiative, which wants to "put Dubai 10x ahead of other cities in the world" , announced that will launch a business-to-business virtual marketplace specific for tourism.
This marketplace will run on a blockchain, connecting all hotels and tourim service providers, promising transparency and real-time quotes.
It is an interesting idea, which meets the ambition of transforming Dubai into the first government totally in the blockchain until 2020.
DubaiCoin coming around?
Source: CoinTelegraph
Today's time is short guys, so i could only bring two news. I promise I'll get better.
Meat is not easy to track on the blockchain. Tracking goods' provenance is indeed a good idea but the weak spot is the "oracle". The easiest to understand "oracle" is a RFID / NFC chip that crosses the "physical - blockchain" barrier: it is physical and can be physically attached to the good to be tracked on one side. Yet it is a chip and can thus communicate with the blockchain.
Such a device can work well for tracking luxury goods for instance - if a NFC chip is sewn in a Gucci gown so well that one cannot cut it out without destroying the gown itself then the link is solid and you can use it to track the original and fight counterfeiting. If someone comes to you to sell you a Gucci gown without the NFC chip you know it's a fake
With meat this works less well - you can put NFC chips on the refrigerated truck that transports the meat but you can easily imagine that fraudsters could keep the chip but replace the meat inside the truck with lower quality meat
You brought up really good points. I haven't researched the details of the meat supply chain, but indeed makes sense...
It looks possible to track the lot, but unless some safeguard measure is implemented (an alarm on the tracker or something?), it might be easy to change the product inside the container. A lot of tracking and alarms might be needed.
Also, another good question is what happens when the ox is divided in smaller meat pieces? all pieces will have the same blockchain number? Or they will have a piece of the ox block on its code? And how that transaction would happen?
Still wait and see what happens i guess...
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It seems like a lot of countries may find incentive to move in this direction and it's exciting to be seeing the first. I'd like to hear more of your take on the Dubai Coin! (by the way, the link you posted from cointelegraph is dead)
Thank you for the broken link call. I Will fix It as soon as i get to the Pc.
But i am not sure If there Will be a dubaicoin. It only states that they Will use the blockchain technology.
But i always think when i see these news: is this what que really want for the cryptos? That the governments start to claim them for themselves? Both possibilities have its advantages and disavantages, and i still havent decided ter wich way would be better.
I've thought a lot about this. In the same way that governments can't stop crypto even if they tried, users can't stop governments from making their own crypto. In the world I see 10 years from now, each government has its own cryptocurrency, maybe large businesses/organizations have their own cryptocurrencies too. But that won't be something we think much about. It would make sense at that point for people to choose their own reserve currency such as non-inflationary bitcoin and have a smart wallet do the work of instantaneously converting whatever currency the user holds into whatever currency is required by the party they are transacting with.
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