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5 Ways: China Is Using Blockchain Technology Against Coronavirus

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First Death has been observed from Beijing on the 27th of January 2020. Seven hundred seventy-four people died out of the 8,098 because of this outspread of coronavirus. In this article, you will find a glance of practices to fight against coronavirus, where blockchain comes out with a different application to stand against this outbreak and other coronavirus solutions.

We all remember the previous deadly Ebola virus outbreak, which lasted three years from 2013–2016 affected the dominant population of Africa.

Coronavirus has affected significant regions of China and some parts of the world.

Will the present technological innovation help us in fighting Coronavirus, more than before?

Since the Lunar New Year holiday, 87 China-based businesses have received more than $200 million in loans through a cross-border, pilot blockchain finance platform, Xuan Changneng, vice director of the State Administration of Foreign Exchange, disclosed at a press conference on Saturday. (source)

But before we dive into a few more ways blockchain is assisting China right now, let’s look at a brief history of virus outbreaks recorded prior to Coronavirus in 2019:

Outbreak of Corona-Virus!

Health experts believe the virus originated at a wholesale seafood market in Wuhan, China. And it originated in an animal and crossed over to humans.

China confirmed that it could be spread from human-to-human transmission.

Coronavirus is compared to Severe Acute Respiratory Syndrome (SARS) and Middle East Respiratory Syndrome (MERS), two alike infectious diseases that caused minor panic when they were spreading. According to the Centers for Disease Control and Prevention, 774 people died out of the 8,098 people who were infected with SARS between 2002 and 2003. The severity of the new coronavirus compared to SARS is still unknown.The first death was registered in Beijing on the 27th of January 2020. Total of 73,439 registered cases, 1,875 deaths and 13,170 recovered cases worldwide as of 19th February 2020.

Technology vs Calamities

The Coronavirus outbreak in China has left mortifying effects on Chinese businesses and the economy. This epidemic outbreak is affecting a lot of economic activities, majorly impacted on the supply-chain industry worldwide. It is not only China that has been affected by this unfortunate development.

Blockchain against Coronavirus is arising as the redeeming factor for the Asian country.

Numerous blockchain-based applications have been developed since the outbreak of the disease to tackle the threat of the virus. Many dApps are designed to ensure people’s privacy, identity, and medical records on the blockchain along with other medical conditions.

Technological initiatives are taken to fight against Coronavirus:

  1. Chinese blockchain startup Hyperchain developed a blockchain-based donation tracking platform called Shanzong. Doners can track their donations at every stage and see when their money resembles the needed medical equipment.
  2. Xiang Hu Bao is a Chinese Insurance Firm using blockchain technology to process Coronavirus claims, this helped the firm reduce paperwork and the need for back-and-forth documents delivery to clinics. This also helps to mitigate the risk of infection from face-to-face contact.
  3. The blockchain-based platform enables the review, recording and tracking of demand, supplies and logistics of epidemic prevention materials initiated by Alipay along with Zhejiang Provincial Health Commission and the Economy & Information Technology Department.
  4. Insilico’s A.I.-based system, which took just four days to identify thousands of new molecules that could be turned into potential medicines against the coronavirus.
  5. Acoer a company providing blockchain technology to healthcare and life sciences institutes to easily track and visualize the virus outbreak around the world.

Blockchain delivers information in ways that are tamper-proof and traceable. It achieves an exact collection of epidemic data and dispels rumors, helping citizens to cope with the epidemic positively and reasonably.

We wish China keeps a stronghold against this situation.

As discussed above, Blockchain comes up with different solutions to stand against coronavirus with its widespread use case of traceability and real-time tracking.

QuillTrace, which offers a blockchain & IoT enabled solution for full visibility and real-time tracking in any supply chain for diverse industries. To know more about this application of Blockchain, you can visit QuillTrace.

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The post 5 Ways: China Is Using Blockchain Technology Against Coronavirus appeared first on Quillhash Blog.

Source: https://blog.quillhash.com/2020/02/22/5-ways-china-is-using-blockchain-technology-against-coronavirus/

Blockchain

Smart Advertising Transaction Token Doubles Down On Decentralization

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Since launch, Smart Advertising Transaction Token commonly known as SaTT has been making headlines in the crypto airwaves for their revolutionary blockchain-based products. Conceived out of the desire to bring decentralization to the advertising industry, SaTT deploys blockchain innovation to bring transparency, efficiency, and non-custodial advertising gateway to the ad industry. 


SaTT is an influencer-based advertising product that connects advertisers to publishers (social media influencers) together, allowing publishers to create content via these social media channels and in turn get paid for their effort based on the level of engagement derived (number of views, shares, likes, comments of the publication)

With the help of decentralized smart contract oracle, SaTT connects advertisers to publishers (social media influencers) together, allowing publishers to create content via these social media channels and in turn get paid for their effort based on the level of engagement derived (number of views, shares, likes, comments of the publication)

Early this year, SaTT integrated its decentralized advertising solution with the top social media platforms including Facebook, Instagram, Youtube, and Twitter. Allowing advertisers to promote their products and services through influential marketing strategies. 

SaTT Embarks On A 6-Months Journey To Open-source 

What makes SaTT a unique advertising solution is its decentralization powered by blockchain technology, one that isn’t common in the ad industry. Being a brainchild of several years of innovation by experienced blockchain and marketing professionals, SaTT takes decentralization seriously. As such, the project announced sometime in October their plans to go open-source. Commenting on the development, the SaTT team noted that: 

“It has always been clear to us that a blockchain project, decentralized by definition, cannot be constrained by a centralized environment. This is why after much consulting amongst our team, advisors, and associates, we have decided that SaTT is ready to be an open-source project!”

With this move, SaTT aims to build a project that can “benefit from community contributions and exceed our vision and know-how, establishing itself as a universal reference.” For this six months period, SaTT will be focused on releasing its enterprise crypto wallet for iOS users, redeploying the SaTT wallet interfacing, adopting “Pay by SaTT” for enterprise e-commerce, and many more. 

Within this timeframe, every single product released by SaTT will be made open-source. Once open source, SaTT will benefit from wide-range community contributions liken to what is currently being witnessed in the Ethereum community for instance. 

SaTT is currently trading on a couple of centralized exchanges and has taken up the initiative to get onboard on a number of decentralized exchanges (DEXs) to align its commitments to building a sustainable decentralized ecosystem. 

Currently, SaTT is listed on two of the most popular and largest DEXs by trading volume, Uniswap, and Binance DEX. The most recent listing is Binance DEX which came as a surprise move to the community, a development that sets SaTT on the path to becoming a prominent actor in the Binance ecosystem. 

The news of Binance DEX listing was received massively, which resulted in a mammoth rally of over 50% in SATT price to set a new all-time market capitalization of $12.5 million. Since the opening of the year, SATT has rallied more than 150% to reach its current price, with a lot of potential for the future. 

The SATT token is deployed on the Binance Chain as BSATT and is listed under the BNB market, BSATT has been available for trading under the BSATT/BNB pairs beginning from January 8th.

SaTT journey to an open-source, fully decentralized advertising platform sets the project on the path towards providing an advertising solution with the lowest cost, instant and efficient payment network, decentralized governance system, and relevant statistics.

The Founding Team

Blockchain-based advertising solution SaTT was founded by founder and CEO Gauthier Bros who are owners of ATAYEN Inc., a marketing company that has a reputation for developing and deploying business pages for enterprise companies on Facebook. 

The team leverages on its numerous years in the advertising industry to bring a lot of innovation to SaTT. In order to deliver a concise and transparent advertising metric, SaTT utilizes the smart contract oracle developed by ATAYEN to interface between advertising data sources to convey analytical data on the performance of an ad campaign. 

Since its inception, the SaTT team hasn’t fallen short of delivering innovative blockchain-based advertising products both for enterprise and for everyday business use. The project’s journey to open-source positions it towards delivering workable and revolutionary blockchain products. 


Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

Source: https://bitcoinist.com/smart-advertising-transaction-token-satt-doubles-down-on-decentralization/?utm_source=rss&utm_medium=rss&utm_campaign=smart-advertising-transaction-token-satt-doubles-down-on-decentralization

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FXSpotStream to Add FX Algos and Allocation Service

The demand for FX Algos is slowly increasing among institutions.

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FXSpotStream LLC announced on Thursday that it will add several FX Algo strategies, along with FX Allocation services, which will be offered via its API from the second quarter of this year.

The platform will add over 70 different Algos and more than 200 parameters offered by the liquidity providers and can be accessed by the FXSpotStream client base. The FX Allocations will allow its clients on a pre and post-trade basis to send and allocate orders from multiple accounts at the same time.

Speaking to Finance Magnates, FXSpotStream Co-founder and CEO, Alan Schwarz clarified that though the upcoming services are a ‘natural extension’ of its existing services, there is a growing demand for them from its ‘banks and clients’.

“We are an API business and today, the largest by supported volume when looking at the streaming fully disclosed offerings. We, of course, have a GUI, and later this year will have Algos and Allocations available on our GUI,” Schwarz said.

Growing Demand for FX Algos

When compared to equities, the demand for FX Algos is yet to receive mass adoption. However, demand for these services is growing.

“While the volume is still not what we see in Equities, as an example, the amount of volume that is transacted using FX Algos has and will continue to increase for the foreseeable future,” Schwarz added. He elaborated that such services are gaining popularity among asset managers and hedge funds.

Mentioning the advantage of FXSpotStream’s FX Algos, the CEO details that it will be a ‘part of a multibank service support for FX Algos over an API’, something that is not yet seen in the market.

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“We are not selecting which of our liquidity provider Algos we will support. We will support all of their available FX Algos.”

Breaching the $11 Trillion Mark

Founded as a bank-owned consortium, FXSpotStream provides a multibank FX aggregation service for spot FX trading, with extended services for the derivatives market as well.

The platform reported excellent volumes throughout 2020, resulting from the market volatility and its continued business expansion. Trading volume for the year crossed $11 trillion, with the ADV increasing 18.52 percent to $42.648 billion.

“For the third year in a row we grew at the fastest rate of all FX services in the industry,” Schwarz said. “Our growth is the result of adding new clients; growing business from our existing clients; a continual expansion of the products we offer, and the underlying functionality.”

Indeed, the number of clients on the platform jumped by 19.64 percent when compared with the previous year.

“We expect to see continued volatility in the market in 2021,” he added. “We also have another very large project we are progressing.”

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Dogecoin Price Jumps 70% as Retail Investors Try to Recreate Gme’s Rally

The price of Dogecoin (DOGE) has surged by over 70% as retail investors have started eyeing the meme cryptocurrency after helping the price of GameStop (NYSE:GME) surge in a battle against short sellers. The surge for Dogecoin seemingly started after a parody account on Twitter going by WSB Chairman asked whether the price of DOGE […]

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The price of Dogecoin (DOGE) has surged by over 70% as retail investors have started eyeing the meme cryptocurrency after helping the price of GameStop (NYSE:GME) surge in a battle against short sellers.

The surge for Dogecoin seemingly started after a parody account on Twitter going by WSB Chairman asked whether the price of DOGE had ever hit $1. The tweet quickly gained attention as some of its followers associated the account with the popular WallStreetsBets subreddit.

While the account claims in its description there is no association, the use of a similar image may have misled users. The WallStreetsBets subreddit, it’s worth noting, has seen investors pile into GameStop after activist investor and Chewy Inc Ryan Cohen joined its board, and in a bid to fight back against huge levels of short interest that were holding at about 140% of the float. Shorts bets by firms including Melvin Capital and Citron Research are facing a short squeeze.

Melvin Capital, according to CNBC, ended up taking a “huge loss” in its GameStop position and has now closed it, even after seeing Citadel and others infuse over $3 billion into the firm.

The price of GameStop shares surge from about $17.7 to over $380 before correcting. GME is currently trading at $355 after plunging more than 60% in pre-market trading. Traders may have rallied to buy DOGE in a bid to help the crypto’s price surge as well.

Available data shows Dogecoin’s price broke out of a downtrend at about $0.0077 and surged by more than 70% to $0.0131 at press time, after enduring a small correction at a $0.0143 peak.

DOGEUSDT Chart via TradingView

Hashtags associated with Dogecoin and getting the cryptocurrency to trade at $1 have been trending over the last few hours. It’s worth noting DOGE has in the past seen similar pumps, including one seen after Elon Musk, a co-founder of PayPal and current CEO of Tesla and SpaceX, ironically promoted the meme-based cryptocurrency.

In July of last year, a viral video on TikTok from a user asking others to buy the cryptocurrency so everyone could “get rich” on the platform saw retail investors pile on the cryptocurrency again. Each was investing $25 to, at the time, buy 10,640 DOGE, in a bid to pump the cryptocurrency’s price to $1 and have over $10,000 as a result.

The TikTok price pump, along with many others, failed to bring the price of DOGE to the $1 mark. The cryptocurrency’s all-time high was $0.0187 and was seen in January 2018, before the entire crypto space entered a bear market.

Featured image via Pixabay.

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