VeChain, the self-described “World’s Leading Blockchain Application Platform Driven by Enterprise Adoption,” has revealed what it calls a blockchain-enabled food safety solution built on top of its platform, according to a press release from the group.
“The solution allows blockchain technology to be deployed in the food sector with the fastest lead time compared with any other platform in the industry. The VeChain ToolChain powered Food Safety Solution integrates VeChain’s industry-leading technology and experience with business-ready technical features, solving the most urgent needs for the food industry in this new era,” the release reads on the matter.
A large part of this initiative is due to the COVID-19 pandemic, which has required the world be more careful about shipping and taking care of food, the release also notes. As a result, people around the world are more willing than ever to pay a premium for reliable foods and tracking methods. … Read more
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Bitcoin Cash Price Prediction: BCH/USD Rebounds as Bulls Attempt a Jump Over the Hurdles at $320 and $340
Bitcoin Cash (BCH) Price Prediction – August 12, 2020
BCH/USD rebounds above $280 after yesterday’s surprising breakdown. There was a general breakdown across the crypto currency markets. The bears sank the BCH below the $280 support which was intended to fall to the previous low at $245 low.
The recent breakdown below the critical $280 support was brief as bulls pushed BCH from its low of $270 to $280 before rebounding. BCH would have fallen to $245 low and later $220 low if the bears are successful. BCH bulls buy the dips to push the altcoin on the upside. Buyers have two major hurdles to jump over before attaining the $400 price levels. On the upside, if buyers break the $300 resistance and rebound above it, the $320 and $340 … Read more
The Agricultural Marketing Service of the USDA is proposing the use of blockchain technology to help trace the organic product supply chain. They suggest that DLT could play an essential role in making the supply chain of organic products more traceable.
USDA interested in blockchains
An August 5 report from the US Department of Agriculture (USDA)’s Agricultural Marketing Service (AMS) noted that electronic tracking systems like blockchain could play a key role in adding traceability to the supply chain of its organic products.
“DLT can provide secure, verifiable, transparent, and near-instantaneous tracking at the item level in complex supply chains. Critically, DLT can also protect confidential business information and trade secret information by automatically restricting sensitive information to authorized entities.”
The agency also acknowledged that leveraging an emerging technology like blockchain will demand additional development and time before an adequate system can be established in the organic … Read more
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