Dnata and IBM created new scheme of transportation

The new proposition for cargo service delivery will use blockchain technology
24 November 2017   636

This solution has added improve visibility and transparency for all stakeholders and eliminating redundant data. The processes can be more streamlined and simplified. As a result, this decision will increase the efficiency of transportation and save money for the company's customers.

For example, traditional cargo transportation requires a lot of paper documents and participation in the process of several inspectors who will monitor it, sign documents, etc. Moreover, these documents must be signed by several parties. Even the electronic system of cargo transportation requires a long administrative process. But blockchain technology can simplify this process by digitizing the supply chain. At the same time, neither party can change, edit or delete any of the blocks without the consent of other users.

This technology is a very secure way to share information between parties. It creates a permanent, digital public transactions ledger which can be shared with a computers distributed network. The sharing possibilities of this technology create a lot of opportunities for logistics. For example better tracking of orders, reducing errors, improvement of transparency and better fraud detection.

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   120

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.
 

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.