Blockchain
FiO Uses Blockchain to Fight Coronavirus in Taiwan
Taiwan’s concern in response to the 2019-nCoV Coronavirus outbreak has forced its local authorities to strictly ration the distribution of surgical masks and alleviate manpower shortages in repackaging bulk supplies through the help of volunteers. To facilitate this daunting logistical process, authorities created two open projects in a collaboration with the private sector, involving the likes of SaaS-blockchain enterprise FiO.
With only 4 million surgical masks stockpiled for a population of 23 million, Taiwan’s Central Epidemic Command Center (CECC) has implemented a strict rationing system, allocating a mere 2.6 million masks for residents. To receive a maximum of two masks per week, residents need to sign up for a tracking system and present their National Health Insurance (NHI) cards upon purchase at one of Taiwan’s 6000 affiliated drugstores.
Teaming up with Taiwan’s Google Developers Group (GDG), FiO staff volunteered to help the local authorities and the GDG build a mask inventory system and logistical infrastructure that tracks the distribution and quantities of masks to the drugstores. FiO has indicated that it intends to create an AI-driven blockchain for the inventory system if given the go-ahead. This will make the system’s data records immutable, cut costs and reduce the need for human labor.
FiO further showcased its platform’s flexibility and speed by assisting Taiwanese residents to volunteer in helping inundated pharmacies, the majority of them small “mom-and-pop” stores, repackage large quantities of government-issued masks into dual-pack rations for consumers. FiO senior engineer Joe Huang helped create a map-based filtering system, which identifies nearby pharmacies carrying stock, within only 2 hours.
FiO’s quick and vital technical contribution to the containment of the coronavirus is one of many practical applications that the SaaS company’s versatile blockchain platform has to offer. Developed in partnership with IBM, FiO uses its Hyperledger Fabric modular blockchain framework to create Middleware technology that connects conventional operating systems and databases with network-based applications. This allows FiO customers to build problem-solving blockchain applications in a very short time with little to no technical skills.
According to the company, FiO plans to roll out similar solutions in Hong Kong and Singapore to help the public and restore confidence in its local authorities’ ability to protect them from the coronavirus.
To find out more about FiO, visit the company’s official website at www.FiO.one.
SOURCE FiOLatest News
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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