Blockchain to put Milk and Fish Supply in Kerala, India

The authorities of Kerala (a state in South India) are turning to blockchain tech in order to provide the supply chain process of everyday groceries
18 June 2018   753

This new project is to streamline the supply chain networks - including distribution - of milk, vegetables, and fish in the state using blockchain technology. The Kerala Development and Innovation Strategic Council (K-DISC) will spearhead the project that will involve RFID tags and the use of Internet of Things (IoT) devices to monitor transportation. K-DISC chairman K M Abraham claimed that blockchain will monitor production, procurement, and distribution of milk to provide speedy delivery to millions of people on a daily basis. The transportation of milk within specific temperatures in refrigerated trucks will also be displayed through RFID tags and IoT equipment.

Every single element of the network will have a particular ID that will be recorded on the blockchain, making able real-time monitoring of the quality of the product at its source at every step of the chain. Fish-landing spots and farmlands will be connected using geo-coded images, enabling real-time demonstration and verification of goods at every single step of the delivery process from warehouses and retail centers via their point-of-sale locations of the client.

The government of Kerala is also thinking about the use of blockchain tech for its crop insurance scheme provided to farmers. Working further, the authority explained blockchain technology will assist ascertain if crop losses were actually due to natural causes and will help negate disputes between insurance providers and farmers, alongside eliminating the need for intermediary altogether.

Kerala`s capital city of Thiruvananthapuram is already home to a blockchain ‘academy’ wherein students are taught on blockchain solutions with a special focus on the banking and healthcare sectors.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   122

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.