Tracking adoption a year later

El Salvador, the small Central American nation that made history just over a year ago when it made Bitcoin (BTC), recently marked its first year of BTC adoption. The Salvadoran government touted BTC as a tool to attract foreign investment, create new jobs and cut reliance on the United States dollar in the country’s economy at the time of adoption. Many BTC proponents and the libertarian community rallied behind the small nation despite mounting pressure from global organizations such as the World Bank and International Monetary Fund (IMF) to remove…

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Iota Foundation joins Dell to develop real-time carbon footprint tracking

Iota Foundation, a nonprofit distributed ledger technology ecosystem provider, has partnered with tech giant Dell Technologies to develop a data-driven solution for the real-time tracking of carbon footprints.  Dell’s edge solutions team announced the onboarding of Iota, climate change-focused technology company ClimateCHECK and BioE to develop a solution on top of Dell’s in-house Data Confidence Fabric (DCF) and Project Alvarium initiatives. We’ve partnered w/ @Iota, BioE, & @ClimateCHECK to develop real-time carbon footprint tracking through a #data confidence fabric! Hear how #ProjectAlvarium accurately tracks carbon footprints w/ #DellTech Edge solutions. https://t.co/u5CxmbMBAL@Intel…

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Blockchain and crypto can be a boon for tracking financial crimes

Governments around the globe have also become more aware of the crypto market and the various ways in which it can be regulated.  Despite a growing adoption rate and involvement of mainstream financial giants, however, naysayers continue to portray crypto as a tool for miscreants and criminals. Several crypto platforms and decentralized finance (DeFi) protocols have been compromised over the years, owing to various code vulnerabilities or centralization problems. However, stealing of money is the easiest part, while moving that money and cashing it out is nearly impossible. This is…

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Huobi Tech to launch crypto tracking ETF in Hong Kong for retail traders

Huobi Tech, a public listed fund manager in Hong Kong, plans to launch a cryptocurrency tracking exchange-traded fund (ETF) for retail investors. The Hong Kong Stock Exchange-listed company has reportedly submitted a proposal to the Securities and Futures Commission (SFC) for its crypto ETF. The new ETF product will be focused on retail investors with assets less than HK$8 million (US$1 million), reported South China Morning Post. The vice president of the firm Romeo Wang said stressed that a Hong Kong-regulated crypto ETF would offer better security to investors and…

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Blockchain tracking sweetens the pay of Ghana’s cocoa farmers

Cocoa product startup Koa launched a blockchain-based program this week that improves the transparency of its cocoa supply chain and ensures its Ghanaian farmers are being paid properly. The program is supported by partnerships with German supply chain company Seedtrace and South African telecoms company MTN Group. Koa said it hopes to “improve transparency and accountability” by ending what it calls “scandals and cocoa farmer poverty.” Corporations such as Oreo and Chips Ahoy producer Mondelez have been accused of paying farmers a rate below a living wage by the Conseil…

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Swiss index provider launches new product tracking 10 DeFi tokens

Switzerland-based fund manager Compass Financial Technologies has launched an index for 10 Decentralized Finance (DeFi) tokens dubbed the “Compass Crypto Basket Fundamental DeFi Index” (CCBFDEFI). The firm was founded in 2017 and offers indices and services tailored to crypto, commodities, multi-assets and real estate. It manages around $5 billion worth of investment products related to its indices. The CCBFDEFI went live on Feb. 22 and it provides institutional exposure to a group of 10 DeFi tokens that are individually weighted based on “ liquidity, market capitalization and protocol revenue metrics”…

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Bitcoin-based tracking platform Eggschain partners with Boston IVF

The Bitcoin-based genetic data tracking system Eggschain has announced a partnership with the Boston IVF chain of 30 fertility clinics in the United States. The new partnership will use blockchain technology provided by Eggschain to aid in the tracking of cryogenic preserved sperm to be used in IVF and other fertility and non-fertility treatment, as well as long-term storage of genetic data. A spokesperson for Eggschain said: “Using the blockchain to track biospecimens such as sperm and eggs empowers individuals facing reproductive issues. This pivotal partnership enables greater confidence through the…

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Russian bank Sber launches blockchain ETF tracking Coinbase, Galaxy Digital

Sber, the Russian government-backed company and the largest bank in the country, is launching a blockchain exchange-traded fund (ETF) to track the performance of major crypto companies such as Coinbase and Galaxy Digital. Sber Asset Management officially announced the news on Thursday, stating that the new ETF is linked to various blockchain and crypto industry firms, including hardware and software providers for mining and issuing crypto assets. Called “Sber — Blockchain Economy,” the fund is set to trade under the ticker SBBE and will track the eponymous index developed by…

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Spanish seafood firm partners with IBM for supply chain tracking

Spanish-based seafood firm, Nueva Pescanova Group, has announced its working with IBM to utilize its Food Trust platform — a distributed ledger technology platform designed for supply chain traceability. According to a June 8 announcement from IBM, the partnership is already underway, with Nueva Pescanova utilizing blockchain technology to track shrimp fishing in Argentina and prawn cultivation in Ecuador. In the announcement, Ignacio González, the CEO of the Nueva Pescanova Group, stated the tracability platform will help the firm in meeting the United Nation’s Global Dialogue on Seafood Traceability (DGST)…

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Oh baby! Tracking IVF progress on the blockchain

Enterprise blockchain VeChain, in partnership with Shanghai’s Renji Hospital, has announced the launch of a smart medical care project dubbed “MyBaby” — a blockchain-based In-Vitro fertilization (IVF) service application. The project also includes collaboration with Vechain partner DNV — with the latter working with VeChain to provide supply chain governance along with product and digital assurance for the project. Vechain, a supply-chain management and smart contract platform said in a post that MyBaby is the “first service” to combine third-party IVF data with blockchain technology: “The cryptographically secured properties of…

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