The traditional method of moving money abroad has always been associated with high transfer and money conversion rates, unnecessary delays, annoying paperwork and bureaucracy, but the rise of cryptocurrency as a competing instrument seems to provide many easy alternatives.
Despite all the efforts of cyber security experts who are constantly developing and applying new ways to protect the data of companies and users, hackers continue to increase the pace of their malicious activity. Of particular interest to cyber criminals is everything related to money and, in particular, to cryptocurrencies.
More than $1 Billion worth of Aeroplane spare parts supplied to Boeing are now traceable on a blockchain. The plane spares is being tracked directly by it’s manufacturer on a blockchain powered system built to validate the source of the spares and make sure recommended safety standards are adhered to.
IBM is seriously designing a blockchain proof-of-concept (PoC) for an agency of the U.S. Dept. of Agriculture (USDA) called the Food Safety and Inspection Service (FSIS), which will enable it to assess how distributed ledger technology (DLT) can fully enhance important regulation services especially export certification systems.
Some Italian companies that produce agrifood are starting to use innovative technologies especially blockchain to track the transformation of sustenance. The distributed ledger technology (DLT) will help to improve safety within the food industry.
Italy has always been at the forefront of innovation and security. An Italian startup plans to apply blockchain to baby nutrition safety. The company promises to ensure the safety of 90% of the ingredients used in nutrition products for children within a year.
There are several technologies on the market that are dealing with traceability such as blockchain technology and internet of things (IoT) sensors. According to new research conducted by the World Economic Forum (WEF), these two giant new technologies have the ability to support a significant transformation of food systems.
CoinLoan, an Estonia-based startup, has launched a crypto-to-fiat lending platform where cryptocurrency is used as collateral. From now on, crypto-backed loans are available for users all over the world. On CoinLoan, everyone can become a lender or a borrower, on his or her own terms. The platform’s primary objective is to link counteroffers and ensure the safety of the deal.
American Airlines is planning to take a calculated method to powerfully leveraging blockchain unresolved problems instead of being attracted by the current remarkable thing in an assembly of technology tools.