What Happens When You Use Blockchain to Fix the Food Industry

Trust in companies is currently at an all-time low because of the constant pressure to lower costs in order to increase margins. To combat this, many companies are looking for ways to increase the level of trust their customers have in them. One way they’ve thought of doing this is by using technology to document the flow of goods through their supply chain. Trust as a pain point As a customer, a constant worry when making any purchase is that the good will be counterfeit, or not up to the standard one expects when making said purchase. Until now, companies had to rely on the strength of their brand to build this trust in their supply chain. When customers buy Armani clothes or Jimmy Choo shoes, they are assuming that the good is representative of what should be expected from the brand. But what if there were another way to verify the quality of the end product without needing to make your customer blindly trust in your brand? The answer comes from the power of Blockchain technology to identify and track your goods through the entire supply chain. When you have multiple parties participating, such as the manufacturer, distributor, retailer and the consumer, it helps to have a digitized method of building consensus in a supply chain. Your food is an asset too Although not as valuable an “asset,” these ideas can also be applied in the context of food safety. Food safety has long been an issue in China, and this extends around the world. Contamination is a major worry as death or illness can result from improper handling of food. It is not always possible to verify the quality of the original goods and most of the current processes are executed by manpower, which can be tampered with. For regulators, this makes things much easier to track and measure than any of the previously offered solutions. There would then be a method of tracking the status of each product in the supply chain and transactions could more easily be monitored. Companies will love this because they can measure the upstream and downstream effect of any modifications they make to their supply chain, and consumers will be grateful for a method by which they can establish a trust in the system. How would this system work? The general framework of the system would be to have information tracking occur all through the supply chain, which would then result in the recording of each transaction on the Blockchain by using rules or encryption methods. One of the key defining features of Blockchains is their ability to prevent data forgery using open and immutable protocols to store all the information. In this specific use case, a commodity code would be established for each item, which would be stored as an encrypted string in a “one code, one item” method. Smartphones or sensor equipment would identify the commodity as it progressed through the supply chain, resulting in a transparent sharing process. As a pain point to many different industries, the tracking and management of assets need a Blockchain solution that is robust and able to handle all manner of assets. ACChain has put together a protocol that works towards the efficient digitization of many different assets. Their goal is to help traditional businesses reconstruct the way in which they handle their production and marketing. Once trust becomes a guarantee for a company, they don’t have to work as hard to market, and instead need to up their game in terms of production, since the consumer will be able to easily verify the quality of goods. Conclusion A token pre-sale is forthcoming for ACChain. Their end goal is to find ways to build trust in every supply chain. The distributed ledger which it will run upon will guarantee the safe information flow and asset flow tracking while keeping the whole process open and transparent. From there, asset confirmation and transaction verification will be simple to handle. The end result will be a robust system for many companies to depend upon. Regulators and consumers will benefit from this system as well, and a major pain point in the economy will be settled. The post What Happens When You Use Blockchain to Fix the Food Industry appeared first on NewsBTC.

NEO reaches record high

There will always be winners and losers in the crypto race, and while most altcoins are still flying high from levels a couple of months ago, some tend to stand out in the crowd. NEO is one of those coins that has remained bullish when the bears have influenced the rest. Last week saw a huge sell off on the back of FUD and fake news out of South Korea. There was no crypto ban in the Southeast Asian nation despite some leading news agencies reporting so. What actually transpired was a ban on anonymous trading accounts to prevent illegal activities such as money laundering. Altcoins, which are traded heavily in South Korea, fell across the board last week however NEO remained strong and continued upwards. The Chinese Ethereum as it is often called reached a new record high just a couple of hours ago during the Asian trading session. According to Coinmarketcap, which no longer includes Korean exchanges, it climbed to $176, up over 90% from the $92 it traded for at the start of last week. NEO has weathered the digital storm and remained in a steady uptrend for the past month; it is often seen as being more stable than many of the other altcoins which are frequently pumped and dumped. NEO is traded primarily on Binance with almost 40% share, followed by Bittrex taking around 12%. Total market capacity sits at just over $10 billion at the time of writing with 24 hour volume at $720 million according to Coinmarketcap. NEO DevConWhile most new projects still use Ethereum as their primary platform NEO is gaining momentum, especially in China where it already has a number of partners. A developer conference has been planned for the end of January in San Francisco where, according to their website, the community plans to come together; “With multiple sessions and workshops NEO DevCon is bringing the NEO community together for a 2-day conference full of innovative ideas and projects, featuring many top speakers from the Blockchain space.” Key speakers will include founder Da Hongfei. Further events have recently taken place in Amsterdam and Shanghai where developers and blockchain experts have lectured on the merits of the NEO Smart Economy. At the time of writing NEO was trading at $156, up over 12% on the day. The post NEO reaches record high appeared first on NewsBTC.

Ethereum Price Technical Analysis – Can ETH/USD Hold $1300?

Key Highlights ETH price started a downside correction from the $1415 swing high against the US Dollar. There was a break above a key bearish trend line with resistance at $1310 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair has to stay above the $1290-1300 levels to stay in the bullish zone for an upside move. Ethereum price is still in the bullish zone against the US Dollar and Bitcoin. ETH/USD could continue to move higher back towards the $1360 level. Ethereum Price Support There was a decent movement in ETH price above the $1300 level against the US Dollar. The price started a minor downside correction after trading as high as $1415. It traded lower and moved below the $1360 and $1300 support levels. However, the downside move was protected by the $1260 level and the 100 hourly simple moving average. Later, the price started moving higher and was able to move back above the $1300 level. There was a break above the 38.2% Fib retracement level of the last decline from the $1415 high to $1260 low. Moreover, there was a break above a key bearish trend line with resistance at $1310 on the hourly chart of ETH/USD. The pair is now trading nicely above the $1300 level and the 100 hourly simple moving average. On the downside, there is a bullish trend line with support at $1298. As long as the price is above the $1298 level and the 100 hourly simple moving average, it remains in an uptrend. On the upside, the price has to close above the 61.8% Fib retracement level of the last decline from the $1415 high to $1260 low at $1350. The overall bias is positive above the $1298-1300 levels. Hourly MACD – The MACD is slowly moving back in the bullish zone. Hourly RSI – The RSI is currently just below the 50 level. Major Support Level – $1300 Major Resistance Level – $1350 Charts courtesy – SimpleFX The post Ethereum Price Technical Analysis – Can ETH/USD Hold $1300? appeared first on NewsBTC.

NEM TESTS $1.5 AND TURN LOWER. IS THERE A DOUBLE BOTTOMS?

As NEM tests $1.5, other high cap alt coins continue to consolidate. IOTA leads the pack while DASH and LTC follow closely but all of them wide lower and upper limits. As for Lumens, buyers can only take charge the moment they satisfactorily close above $0.7. Let’s have a look at other alt coin charts NEM TESTS $1.5 AND TURN LOWER XEMUSD 4HR Chart for January 15, 2018 The swings continue with NEM. Last week’s was a fruitful week for sellers and as prices continue to consolidate at around key support levels, we shall be watching two levels defined before last week. That is how price action reacts at $1.13 and $1.33. Depending on how prices react, $1.13 will be our main support line. On the contrary, if there is a bounce, then double bottoms will form especially if prices close above the middle BB as it winds up towards $1.33. There is nothing concrete or definitive here, just potentials. Nevertheless, our buy triggers happen when price clear $1.5 and sellers are in charge if NEM drop past $1.13. So, let’s wait and see what happens today. AS LUMENS REVERSE FROM 61.8%, LONG TRIGGERS SHOULD BE ABOVE $0.7 XLMUSD 4HR Chart for January 15, 2018 Even though there was a little bit of XLM depreciation over the weekend, we just have to give it up to Fibonacci retracements. From the tool, we can easily notice the significance of its key levels. Previously, we saw this clean reversal from 78.6%, XLM inched higher, got bumped at 38.2% and now, that spring from 61.8% is just classic. Regardless of the potentials, we shall not rush. Let’s wait for the confirmation of that double bar reversal pattern. Overly, the trend is up and for risk-averse traders, they should wait for a close above $0.7 or the 38.2% Fibonacci retracement level before increasing their net longs. IOTA ACCUMULATION CONTINUES IOTUSD 4HR Chart for January 15, 2018 Here’s the thing with IOTA, it’s still consolidating and the longer the squeeze-visible in higher time frames, the stronger the break out. In fact, this looks like a copy paste version of LTCBTC. Because of this, I’m not recommending shorts or longs. The best approach is not to chase prices, first we want to see where the drift will take us and any break out, irrespective of the direction, is where we trade with. DASH PRICES MOVING INSIDE A WEDGE DASHUSD 4HR Chart for January 15, 2018 Like IOTA and other bunch of pairs, DASH is in consolidation mode but the only different is the margin of trade. Judging from the upper and lower limits, the height of this consolidation is roughly $330 and $1250 stands out. Historically, it’s now wise to chase prices lest you get burnt so I’m going to draw two trend lines connecting recent highs and low and the result is that wedge you are seeing. Now, it’s going to be a race between buyers and sellers. But I’m seeing strong support given the distance between the minor support trend line and main support line at $940 vis a vis the resistance trend line and the main resistance line at $1250. LTC SUPPORT LIES AT $210 LTCUSD 4HR Chart for January 15, 2018 Over a week or so, LTC has been in consolidation mode but those higher highs are visible. Currently, caution applies and my muzzle is not directed at buyers or sellers. It depends on momentum. It going to be simple and with such a wide trading range-$60+, I will sit and wait for sellers or buyers to take charge and pull my triggers. All charts courtesy of Trading View The post NEM TESTS $1.5 AND TURN LOWER. IS THERE A DOUBLE BOTTOMS? appeared first on NewsBTC.

Bitcoin Cash Price Technical Analysis – BCH/USD Eyes Further Gains

Key Points Bitcoin cash price is slowly gaining upside momentum and is currently above $2500 against the US Dollar. There was a break above a connecting bearish trend line with resistance at $2525 on the hourly chart of BCH/USD (data feed from Kraken). The pair is currently attempting a close above $2550 and the 100 hourly simple moving average. Bitcoin cash price is showing positive signs above $2500 against the US Dollar. BCH/USD may gain momentum and head higher toward the $2700 level. Bitcoin Cash Price Uptrend There was a nice recovery from the $2000 swing low in bitcoin cash price against the US Dollar. The price started an upside move and was able to trade above the 50% Fib retracement level of the last decline from the $2946 high to $2000 low. However, the upside move failed near the $2850 level. There was a failure to close above the 76.4% Fib retracement level of the last decline from the $2946 high to $2000 low. There was a slow and steady downside initiated and the price moved below $2600. The downside move was protected by the $2500 support. At the moment, the price is moving higher and gaining pace above $2500. There was a break above a connecting bearish trend line with resistance at $2525 on the hourly chart of BCH/USD. The pair is currently attempting a close above $2550 and the 100 hourly simple moving average. Once there is a proper close above the $2550 and $2600 levels, there could be more gains. On the downside, the $2500 level is a decent support. The next major support is around the $2450-2475 levels. Looking at the technical indicators: Hourly MACD – The MACD for BCH/USD is slowly moving in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently just below the 50 level. Major Support Level – $2450 Major Resistance Level – $2550 Charts courtesy – Trading View, Kraken The post Bitcoin Cash Price Technical Analysis – BCH/USD Eyes Further Gains appeared first on NewsBTC.

IOTA Technical Analysis for 01/15/2018 – Corrections in Action

IOTA continues to advance against bitcoin and might also be due for a stronger bounce to the dollar. On the […] The post IOTA Technical Analysis for 01/15/2018 – Corrections in Action appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

Bitcoin Price Technical Analysis for 01/15/2018 – Still Stuck in a Triangle!

Bitcoin Price Key Highlights Bitcoin price continues to tread sideways and is still hovering around the bottom of its descending triangle on the 4-hour chart. Price looks ready for a bounce off support as a double bottom is forming. Bitcoin has yet to break past the small reversal pattern’s neckline around $14,000 before confirming the climb. Bitcoin price can’t quite seem to gain bullish momentum to climb up to the triangle resistance, but buyers are still defending support. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to show that the path of least resistance is to the downside. In other words, the bottom of the triangle is more likely to break than to hold. Stochastic is turning higher, though, so bulls could still regain control of bitcoin price and push it back up for a test of the triangle resistance at $15,000. This is also close to the 200 SMA dynamic inflection point, which might hold as resistance. RSI is also on the move up to indicate that buyers have the upper hand. However, if both oscillators hit overbought levels and turn back down soon, sellers could make another attempt at pushing bitcoin price below the triangle support at $13,000. Note that the triangle is around $6,000 tall so the resulting drop could be of the same height. Market Factors Dollar demand has once again picked up late last week when US CPI and retail sales came in mostly in stronger than expected. Headline CPI came in line with estimates of a 0.1% uptick while the core reading beat expectations with a 0.3% gain versus the estimated 0.2% increase. As for bitcoin price itself, this particular cryptocurrency seems to be losing ground to its altcoin rivals on the lack of volatility. Alternative digital currencies are offering higher potential returns and are much cheaper, after all. Besides, the crackdown in China and South Korea is once again threatening volumes and global activity in bitcoin. The post Bitcoin Price Technical Analysis for 01/15/2018 – Still Stuck in a Triangle! appeared first on NewsBTC.

As Critical Elections Approach, African Youths Gaining Political Voice Through Blockchain

As Nigeria prepares for general elections next year, youths across Africa seek a greater voice. Various Blockchain groups are seeking to empower this generation, educating them on the digital currency Dash and other projects. #BLOCKCHAIN

Blockchain for Dummies, sorry, for Idiots.

5 reasons why a mainstream blockchain product is the next big thing: All the buzz and noise about Bitcoin in this last year has made me understand one thing: I must start earning in crypto. Maybe some of you readers are big, smart asses and you have your impressive portfolio of investments. But I am in my early 30’s after a divorce that didn’t leave me much, I don’t even have the smallest amount to invest and enjoy this world of crypto and blockchain. I only have my skills, which I will tell you more about later, and I guess that like me- there are many, many millions out there in the world. So, I went out searching for the perfect blockchain product, platform, or ICO, and I promised to myself (and to my new girlfriend that was impressed by my knowledge in crypto) that I’m not coming back without the perfect guide, and at least 1 or 2 findings. As someone that studied and assessed the crypto and blockchain space deeply in the last year (one of my strongest abilities) and read almost every piece of information, watched all the leading Youtubers and Webinars in the crypto world and investigated dozens of startups in this sphere, or ICOs, I understand one thing; “The king is pretty much naked.” So, I’m here to talk about the fact that most of the projects seem massive and unclear. Most of these crypto projects don’t even have any existing products, and it all sounds so complicated. It’s exactly what I don’t need, and I recommend for you to follow my lead in getting involved in mainstream blockchain products. That is how I came up with the brilliant headline of this article. After all, blockchain and crypto should make our lives better, open our lives to new opportunities, and really ease the transfer of payments and information. The accessibility level should be increased, so why the hell is it so complicated and not user-friendly? Why can’t I start earning in crypto tomorrow? So, in this pile of noise and clutter, I definitely found some pearls of wisdom that made sense and fit the simplicity and rationality I was looking for. Two platforms that easily integrate crypto into daily life are Steemit and Vanywhere. Steemit is an existing content-driven medium that allows users to earn crypto for their submissions. If you have a knack for creating content, it could be a good platform for you. By submitting original work related to different topics, users can become of the community. Secondly, Vanywhere is a soon to be launched skill-sharing platform that enables Skillers to earn in crypto, that is simplified and accessible, even for crypto beginners. Vanywhere has found a way to break the barriers of complicated entryways for cryptocurrency simply by creating a platform where you can share your skills in different verticals like cooking, styling, yoga, etc. All you need to start earning in crypto on the app are your skills or subjects that you’re very well informed about. Additionally, users can become part of the platform by seeking out “Skillers”, whether you need assistance from top travel influencers to cryptocurrency enthusiasts. The Skillers and users interact through live video, voice call, or chat, and Skillers are paid in digital currency. For instance, I have become somewhat of a crypto expert and I’ve also developed impressive cooking skills. Both of these skills are showcased on Vanywhere. Also, the app is seamless and has its own token called VANY which offer perks for users and rely on an ecosystem. The market capital for these products are out of this world, and I feel a bit embarrassed for not recognizing the potential beforehand. These platforms have found a way to bridge the gap between technology and crypto, and extend into functions of daily life. To summarize, here are the top 5 ways that mainstream blockchain products will be the next big thing: Anyone with a skill or marketable ability can start earning crypto You don’t need to invest in cryptocurrency to actually start earning it Easy, simple technology make the platforms efficient and user-friendly Soft entrance to the crypto community with other like-minded users Finally, something you can use and understand that doesn’t make you feel dumbfounded about this whole crypto, blockchain phenomenon Simplifying and “idiot-proofing” these processes will make it easy for everyone to start earning crypto and expand into the world of digital currency. Blockchain products for dummies are the next big thing. Vanywhere.com– The Vanywhere token sale will take place in Q1 2018.Steemit.com– Steemit’s platform is currently available. About the author: The author is a freelancer and a crypto-enthusiast who is interested in finding new ways to secure gigs and get paid in cryptocurrencies instead of fiat. Disclaimer: The statements, views, and opinions expressed in this column are solely those of the author and do not necessarily represent those of NewsBTC. The post Blockchain for Dummies, sorry, for Idiots. appeared first on NewsBTC.

BTC.Com Wallet now Offers Both SegWit and Dynamic Fee Options

More and more companies are integrating SegWit support. It is due time as well, as using Bitcoin has become increasingly […] The post BTC.Com Wallet now Offers Both SegWit and Dynamic Fee Options appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

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