Autor Cointelegraph By Keira Wright

Singapore firm uses blockchain to battle counterfeit COVID-19 jabs

Singapore firm uses blockchain to battle counterfeit COVID-19 jabs

Uverejnil používateľ | jan 31, 2022 |

Singaporean healthcare services provider Zuellig Pharma is using a blockchain-based network to track COVID-19 vaccinations to prevent practitioners from administering expired vaccines. Zuellig Pharma says that its new “eZTracker” management system can help prevent improperly stored or counterfeit vaccines from being used by allowing its clients to instantly verify the provenance and authenticity of their vaccines via a mobile app. “Accidents involving expired or improperly stored vaccines can be avoided,” said Daniel Laverick, vice-president and head of digital and data solutions at Zuellig Pharma.eZTracker uses the SAP blockchain to capture, track and trace multiple data points to improve supply chain transparency. The eZTracker website explains how it works:“Simply scan the QR code on the packaging to instantly verify if your product comes from an authorized distributor.”“Patients can scan the 2D data matrix on the product packaging to verify key product information like expiry date, temperature, and provenance through its app powered by blockchain,” added Laverick. The SAP Blockchain executes operations as a Blockchain-as-a-Service (BaaS), allowing its clients to develop customized blockchain extensions for their existing applications. According to SAP, 77% of the world’s transaction revenue touches one of their systems. Back in 2020, Zuellig partnered with pharmaceutical company MSD to deploy eQTrakcer in Hong Kong, where it was used to trace vaccines for Human Papilloma Virus, Gardasil.”As the vaccines move through various handover points in the supply chain, the products’ data points are loaded into eZTracker’s secure blockchain ledger, and this ensures it can’t be tampered with,” Laverick explained at the time. “Users such as healthcare professionals and patients are able to verify the authenticity of the vaccine by scanning a unique data matrix code on the product pack.” Related: Fake vax certificates renew calls for blockchain-based solution in AustraliaFounded 100 years ago, Zuellig is one of Asia’s largest healthcare service provider groups. Zuellig also has a product called eZVax, which specifically provides governments, local health authorities, and the private sector with end-to-end vaccine management. Southeast Asia is a hotbed of fake meds with between $520 million and $2.6 billion spent on counterfeit medicines every year, according to a report by the United Nations Office on Drugs and Crime.

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Internet Computer plans to roll out BTC and ETH integrations by year-end

Internet Computer plans to roll out BTC and ETH integrations by year-end

Uverejnil používateľ | jan 31, 2022 |

The Internet Computer has released a roadmap for 2022 and beyond, indicating plans to roll out integrations with Bitcoin and Ethereum by the end of the year. The Internet Computer is a public blockchain and protocol that allows developers to install smart contracts and decentralized applications (DApps) directly on the blockchain. It was incubated and launched in May 2021 after years of development by Dfinity — a nonprofit based in Zurich.The #ICP #BTC integration will prompt a new wave of DeFi applications built to leverage the world’s largest cryptocurrency.Full story:https://t.co/kexreQTw20 pic.twitter.com/bQkKdel7r5— DFINITY Foundation (@dfinity) January 27, 2022The direct Bitcoin integration will be launched as part of Dfinity’s “Chromium Satoshi Release,” which is planned for Q1 2022. It will add smart contracts to the Bitcoin blockchain using “Chain Key cryptography,” displacing the need to use a bridge that can open the network up to malicious actors. Dfinity community member Berto Parga Pena explains that Chain Key cryptography is “one of the fundamental breakthroughs enabling the Internet Computer to scale to millions of nodes.”“It is a set of cryptographic protocols that orchestrate the nodes that make up the Internet Computer and the engine that drives it and makes its operation possible.”“Smart contracts on the Internet Computer will be able to hold, send and receive Bitcoin, without the need for private keys,” wrote Director of Product at Dfinity, Diego Prats, in a Jan. 29 roadmap post.Meanwhile, integration with Ethereum is slated for Q3 2022 with the “Vanadium Vitalik Release.” Dfinity is yet to publish any further details about the integration, but Vice President of Communications, Michael Less, explained to Cointelegraph: “So when you make a transaction on the internet computer in Bitcoin, it actually changes the Bitcoin ledger versus what you see today, with a bridge. It’s like a wrapped Bitcoin or wrapped Ether.”Less explained that Dfinity has chosen to prioritize these integrations to help facilitate its vision for a “multi-chain future.” He said, “If Bitcoin is going to be around forever, how do we actually provide? The best user experience is to combine all these networks directly.”In December, Dfinity enabled smart contracts (called “Canisters” in its ecosystem) to hold their own balances of ICP tokens. The ICP currently supports 250,000 queries per second, executed with 1-2 second transaction finality.1/ Announcing the new post-Genesis roadmap to ensure #InternetComputer remains the most powerful general-purpose blockchain for building infinitely scalable Web3 dappsTitanium: Mid Q1Chromium: End Q1Carbon: Q2Vanadium: Q3Iridium: Q4Futurium: 2023https://t.co/WHpU4dkHqk— DFINITY Foundation (@dfinity) January 28, 2022

“ICP on Canisters was the important feature that made it viable, and it will probably go crazy once direct integration with BTC and ETH are released,” Lead software engineer at Dfinity Kyle Peacock told Cointelegraph.On Jan. 28, Cointelegraph reported that the Internet Computer blockchain had welcomed its first decentralized exchange (DEX) Sonic, with at least two other exchanges in the works.Upcoming Polychain Capital-backed DEX “InfinitySwap” appears to be orienting itself to capitalize with this upcoming integration with Bitcoin. According to Lee, it will allow users to stake their BTC as liquidity providers. Related: First DEX on Internet Computer launches, others coming soonThe ICP token rose 56% in the first five days of the new year amid a flurry of optimistic news, however, it was one of the worst-performing crypto assets in 2021 dumping 97% from its May all-time high. On Jan. 4, Binance announced it would list a financial instrument that would enable traders to directly swap ICP to and from Ethereum’s native token Ether (ETH).The idea for a perpetual world computer was inspired by Ethereum technologist Dominic Williams, who became Founder and Chief Scientist at Dfinity.

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First DEX on Internet Computer launches, others coming soon

First DEX on Internet Computer launches, others coming soon

Uverejnil používateľ | jan 28, 2022 |

The first decentralized exchange on the Dfinity Foundation’s Internet Computer blockchain went live this week, following up on the recent release of a new whitepaper. And according to information shared with Cointelegraph, there are already two other exchanges in the works. The first version of the new DEX called Sonic launched to mainnet on Sunday. There are initially only three pools for token swaps using its native token Internet Computer Protocol (ICP): InterICP/WICP (wrapped ICP), ICP/XTC (Cycles Token), and WICP/XTC. Users can also earn rewards for providing liquidity. Sonic, the first DEX to launch on the Internet Computer, is now live.@sonic_ooo offers a suite of DeFi products for the #InternetComputer blockchain, operating on a gasless AMM. ⛽️DeFi on the IC has arrived. https://t.co/IjClg4LRxo pic.twitter.com/CH3f3qgIVM— DFINITY Foundation (@dfinity) January 22, 2022Dfinity Head of Comms Michael Less told Cointelegraph that Sonic plans to redefine what it truly means to be an example of decentralized finance (DeFi). Sonic has sub-one second transaction finality and is entirely run on the IC’s public blockchain network without any gas fees. “It is completely running on a public blockchain, where it cannot be shut down — you can’t shut it down, it runs perpetually,” he said, explaining that its current primary focus is an upcoming integration with Ethereum, which is slated for Q3 this year. “You’re going to be able to bring your Ethereum assets into Sonic, and it will be like Uniswap but with no gas fees and lightning fast.” There are already plans for a Sonic V2, which will add a token Launchpad, DAO (decentralized autonomous organization) tools, and its own native SONIC governance token. The launch date for Sonic V2 is yet to be confirmed. According to information shared with Cointelegraph, there are at least two other DEXs that will be joining Sonic on the IC “in the next few weeks”, including InfinitySwap and ICP Swap. Internet Computer is a public blockchain and protocol aimed at running a truly decentralized internet by allowing developers to install smart contracts and decentralized applications (DApps) directly on the blockchain. It was incubated and launched after years in development by Dfinity in May 2021 – a nonprofit based in Zurich.The new white paper “The Internet Computer for Geeks” released on Jan 21 goes back to basics, explaining the fundamentals of how the IC uses smart contracts to power the emerging Web 3.0 decentralized ecosystem.Related: Internet Computer: Correction risk rises after ICP price gains nearly 60% in 5 daysAccording to Dfinity, there are over a thousand developers building on the IC blockchain. Projects include social media DApps such as Desocial, DSCVR and Distrikt; Metavserse projects such as PokedStudios and IC Gallery, and gamefi projects such as Cube Run and MetaSports Basketball.

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Doge Temple creator says the Metaverse is out, the Microverse is in

Doge Temple creator says the Metaverse is out, the Microverse is in

Uverejnil používateľ | jan 28, 2022 |

According to the founder and CEO of virtual party platform Party.Space, niche “Microverse experiences” will be the future of the Metaverse. Rather than “building a big Metaverse and selling some land there,” Yurii Filipchuk says that Web3 creators should focus their efforts on “exploring the best way to interact online” with online communities. The idea is that each online community builds its own Microverse, which connect in a shared network to form a Metaverse. Party.Space launched in May 2020 with the idea to gameify video chats. They now work with 65 corporate clients to host conferences, end of year parties, team building events and workshops. One of Filipchuk’s “Microverse” creations is the “Doge Temple,” a virtual space for fans of the Doge meme to socialize. It was launched by the virtual party platform Party.Space in November 2021. It was the site this week for the afterparty for Product Hunt’s seventh annual (and second virtual) Golden Kitty Awards ceremony. Doge Temple was a semi-finalist in the Product Demo video category, but missed out on snagging an award. ConsitutionDAO took home the Golden Kitty Award for the best Web3 project, with Phantom, Thirdweb and Rainbow clocking in as runners-up. Behold! Doge Temple microverse is coming 4th of November! pic.twitter.com/Ixh8sA8PUE— Doge Temple (@dogetemple420) November 2, 2021“We want to build Microverse experiences and want people to be able to travel between them to pick the Microverse that fits their vibe best,” Filipchuk told Cointelegraph. “We are really exploring the new way for people to communicate.” The COVID-19 pandemic and global lockdowns forced many people around the world to move parts of their life online. Zoom was the breakout star in the space of video calling, with platforms like Teams and Slack establishing themselves in our work lives. “Virtual events are here to stay because it’s so convenient, and it’s so much more fun than just speaking over Zoom,” said Filipchuk. Related: Blockchain metaverse ecosystems gain traction as brands create digital experiencesDoge Temple explained his Microverse ideas in a Nov 2 Medium post, disputing the idea that it’s possible to build a “mass community around an artificially created virtual world.” The post explained: “Where Metaverse tries to be everything for everyone, Microverse creates a custom miniature world around existing communities, trends, and ideas.”

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Ban less likely? Putin says crypto mining has advantages in Russia

Ban less likely? Putin says crypto mining has advantages in Russia

Uverejnil používateľ | jan 27, 2022 |

Russian president Vladmir Putin has given crypto enthusiasts a glimmer of hope for the future of digital assets in the country, which have been under threat from a recent push to ban cryptocurrencies and mining. The strongman leader opened a Jan 26 video conference with members of the Russian government by saying he would like to “start with an issue that is currently in the spotlight — the regulation of cryptocurrencies.”“Of course, we also have certain competitive advantages here, especially in the so-called mining. I mean the surplus of electricity and the well-trained personnel available in the country.”According to analysts in spring 2021, the price of electricity in Russia was $0.06 per kilowatt-hour for household use and $0.08 for business. To compare, in France, a kWh of electricity costs $0.2 for householders and $0.14 for business, which is four times more expensive than in Russia. He also called on the country’s Central Bank to meet with his government in the near future so that they might come to a consensus on the use of crypto.Last Thursday, Russia’s central bank published a report proposing a blanket ban on domestic crypto trading and mining. The report stated that the risks of crypto are “much higher for emerging markets, including Russia.”Russia’s Central Bank has held concerns regarding crypto for some time now. In Dec 2021, Central Bank of Russia governor Elvira Nabiullina said: “We cannot welcome investments into cryptocurrencies” Yesterday, Russian Finance Minister Ivan Chebeskov responded with opposition to the proposed blanket ban, calling for regulation rather than restriction. He highlighted that a ban on crypto would cause the country to fall behind the worldwide tech industry. “​​We need to give these technologies the opportunity to develop.”Meanwhile, Putin assured his parliamentarians that “the Central Bank does not stand in our way of technical progress and is making the necessary efforts to introduce the latest technologies in this area of ​​activity.”Despite these assurances, Putin conceded that expanding the use of crypto “carries certain risks,” given its “high volatility.”Related: Russian tech and political executives denounce crypto ban proposalWhile Russia’s Central bank has been skeptical of crypto for quite some time, Putin’s opinion has remained somewhat unclear. In Nov 2021, he pointed out that crypto is “not backed by anything, [and] the volatility is colossal.”Back in 2020, the Central Bank announced that it was studying the possibility of a digital ruble, with prototype testing planned for this month.In a recent post on his messaging platform, Telegram CEO Pavel Durov wrote that the proposed ban on crypto would “destroy a number of sectors of the high-tech economy.”

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