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
Blockchain
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Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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