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
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
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