Blockchain
IndraSoft Supported US Army Vaccine Distribution Program Receives FedHealthIT Innovation Award
IndraSoft, a leading technology consulting services firm, today announced that the U.S. Army Medical Materiel Agency’s (USAMMA) Distribution Operations Center has received a FedHealthIT Innovation Award for its exceptional initiative on using blockchain technology to track vaccine supply chain.
Award winners were determined by a panel of judges that included government and industry leaders who evaluated applicants from across the industry. Awardees were selected based on their innovative emerging technology solutions and ability to deliver tangible results in support of their mission.
Raj Lingam, President & CTO for IndraSoft said, “IndraSoft views blockchain as a transformative technology for secure supply chain solutions as well as other complex, distributed use cases. We have focused on developing our blockchain solutions to enable reliability, integrity and transparency for distributed transactions, particularly in trustless network environments. We appreciate this opportunity to drive greater automation, enable secure supply chain, create greater connectivity across defense supply networks, and improve transparency and traceability in vaccine supply chains for U.S. Army.”
USAMMA Distribution Operations Center Deputy Director Liz Andrews said, “Our goal was to explore, as a proof-of-concept, how blockchain-based supply chain management could potentially improve our operations and help us track shipments of temperature-sensitive medical products, such as vaccines, administered to deployed Soldiers and their families.”
Andrews explained that the team partnered with IndraSoft, Inc., which developed a vaccine-tracking point-of-contact application using blockchain technology. The project tested how this application might enable greater real-time inventory visibility while improving operational efficiency for multiple organizations, including the Department of Defense, the Defense Health Agency, and the U.S. Centers for Disease Control and Prevention.
“Our current system of record is functional but also very manual, and it does not provide visibility for all stakeholders,” Andrews explained. “In the future, a blockchain application could help us break down some of our supply chain silos and streamline integration with our customers worldwide.”
“I want to thank U.S. Army for providing IndraSoft with an opportunity to proudly support this program for almost five years and to be part of its modernization initiatives on secure supply chain. This award for the Vaccine Distribution Program further substantiates that true Government-Contractor collaboration and partnership is the foundation for executing innovative technologies,” said Karthik Srinivasan, COO for IndraSoft.
SOURCE IndraSoft, Inc.
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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