Samsung to Launch Online Logistics Platform

As reported, the technology of the distributed ledger makes it possible to track the location of cargo using a mobile application in real time.
21 June 2018   328

Samsung SDS, the IT division of the South Korean technological giant, announced the launch of the Cello Square 3.0 logistics block-platform based on artificial intelligence. This is reported by BusinessKorea.

According to the release, the technology of the distributed ledger makes it possible to track the location of cargo using a mobile application in real time.

To avoid fake and fraud, with the help of a blockchain and Near field communication, the buyer will be able to obtain information about the origin of the cargo, the producer country, the name of the importing companies and exporters.

The service will also save time and cost of delivery by automatically calculating the shortest and least expensive routes.

The exact date of launch of the project is still unknown. Head of Logistics at Samsung SDS Kim Hyun-tae said that Cello Square 3.0 will become "the best service for players in the global e-commerce market".

Gemini & Partners to Launch Virtual Commodity Association

Association is created to develop standards for the industry, promote transparency in the market and cooperate with regulators, including the CFTC
20 August 2018   92

Several major exchanges decided to create a new structure designed to eradicate manipulation in the digital assets market, Bloomberg reports.

The Virtual Commodity Association was formed by the founders of the exchange Gemini Cameron and Tyler Winklewoss. According to a statement released on Monday, the group also included Bitstamp, BitFlyer USA and Bittrex. Representatives of four trading platforms will meet in September to consolidate the provisions for the future functioning of the organization.

The Virtual Goods Association will develop standards for the industry, promote transparency in the market and cooperate with regulators, including the Commodity Futures Trading Commission of the United States (CFTC), in order to prevent manipulation of Bitcoin, Ethereum and other currencies.

As the temporary executive director of the organization, Maria Filipakis, who worked in the Financial Services Department of New York, was appointed, where she took part in the creation of a BitLicense.

Earlier, the Winklewoss brothers tried to launch their own ETF, tied to bitcoin, but the US Securities and Exchange Commission denied them twice, as the reasons for its decision, among other things, calling for the absence of adequate measures to prevent cryptocurrency market manipulations.