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VeChain (VET) Integrates Nanotechnology Identification

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VeChain
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Two months on from their rebranding event, VeChain continues to add new functionality to their supply chain management blockchain. While they work on their chip-based VeChain ID system, they also actively seek new and innovative means of tagging items. To this end, they’ve partnered with INPI Asia to introduce nanotechnology to their blockchain platform. The smaller and less obvious the digital ID tag, the smaller the chance of a malefactor tampering with it.

Further, VeChain continues to outperform other coins on the market. Where others suffered from major dips in price over the first quarter of 2018, VeChain’s value continues to increase. Recently, it closed in on a previous ATH when paired against Ethereum. As the market turns around, a continued upward trend remains likely. Even more so when their products reach full public release.

Going Big by Getting Small

Emerging technologies often appeal to the same cross-section of people. As such, it’s no surprise when a company combines two or more of these technologies. VeChain recently announced that they partnered with INPI Asia to produce nanotechnology digital ID tags for use with their supply chain management platform. These minuscule tags would still allow access to the VeChain verification system while being invisible to the naked eye. INPI Asia’s NDCode technology focuses on a 5mm x 5mm tag that is effectively indestructible in normal circumstances. The NDCode can withstand temperatures of 1,000° Celsius, the equivalent of complete immersion in a fire.

The combination of the NDCode and the VeChain platform allows companies and end users alike to verify the history of any item participating. This partnership stands to deal a heavy blow to counterfeiting, as companies that rely on quality and authenticity can now positively identify every item in their supply chain. Luxury goods with an NDCode cannot be replicated exactly, ensuring that discerning customers can verify the origin of the item. The shape of the tag is arbitrary, so long as it is at least 5mm x 5mm, allowing the NDCode to come in the shape of a logo or brand design.

The Multi-Party Payment Protocol

Alongside their supply chain management advances, VeChain also seeks to make blockchain more accessible. Towards this goal, they’ve developed the Multi-Party Payment Protocol. Within the MPP, users that own no tokens still gain the advantages of blockchain use. Transactions are secure and transparent, with low fees, despite no use of cryptocurrency by end users.

In the MPP platform, a third-party cryptocurrency holder acts as a sponsor for transactions on the VeChain Thor Blockchain. The smart contracts embedded in the protocol ensure that the sponsor possesses the necessary funds, and then executes the transaction. The sponsor is then paid in fiat by the company that used their service. This type of system, one in which end users do not need a knowledge of cryptocurrency trading, helps the entire industry towards greater adoption.

Upcoming VeChain Systems

Of course, these are not the only projects in VeChain’s wheelhouse. They’ve also announced partnerships with iTaotaoke to help protect content creator’s digital intellectual property rights. In house, they continue to work on a mobile wallet application that allows cryptocurrency trading on smartphones. VeChain continues to progress on their plans, moving at a much faster pace than some of their immediate contemporaries. They’ve earned their spot in the top 20 cryptocurrencies by market cap and may very well edge in on the top 10.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Brookhaven National Laboratory via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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