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   472

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.

Bitfinex to List BCH' Chain Split Tokens

Bitfinex warned that support for BAB and BSV could be temporary
14 November 2018   57

The Hong Kong cryptocurrency exchange Bitfinex has listed the so-called Chain Split tokens for the two implementations of the Bitcoin Cash protocol. Bitcoin Cash hardfork is planned on 15th of November.

BAB [Bitcoin ABC client] and BSV [Bitcoin SV client] tokens will be traded in pairs with Bitcoin and the US dollar. The Token Manager tool will allow users to convert their Bitcoin Cash into one of the tokens. This process is reversible, Bitfinex emphasized. At the same time, marginal trade in tokens will be unavailable.

After snapshot of the network, the corresponding coins will be automatically converted into BAB and BSV onchain tokens, and all current Bitcoin Cash holders will receive an equivalent number of coins. However, if the user has a short BCH position at the time of the snapshot, the margin will be canceled, and the borrower, if he does not have enough tokens, will have to cover the negative balance sheets until December 31.

Bitfinex also warned that support for BAB and BSV could be temporary, and that as soon as all negative balances were covered, the exchange could delist them, allowing limited time for withdrawal.