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🔴Blockchain Centers Developing a Testing App

🔻Amid the global coronavirus relief efforts, Blockchain Firms are putting endeavors to make an artificial tool for helping people take diagnosis tests without the fear of their privacy being violated.
Genobank, a blockchain project and Telos Foundation are making a collaboration to develop an authorised app to help health organizations with tracking and aggregating medical data concerning the spread of COVID19.
Agerona, an open open-source app stores the test data on the Telos blockchain. Users scan the barcode on each test and send it to an account on Telos. These accounts are controlled uniquely by users. Tests will be sent to the medical lab for analysis and then the results will be uploaded on Telos blockchain.
Iran, Israel and the UK are also going to develop this blockchain-based testing app in near future.

#counos_news
#blockchain
#testing_app
🔴🔴Implementing Blockchain in Supply Chains

🔻Implementing Blockchain in the supply chains may reduce the problems of suppliers. COVID19 pandemic has caused various problems in global markets particularly in supply chain systems such as collapsed demands and transport frictions.
Current digital infrastructures make previous paper-based trade processes totally obsolete and impractical, therefore, companies who are fortified with digital structures are enduring the current crisis far better than those without.
Blockchain as a pioneer in modern technology, can alleviate the current pressure on the supply chain industry.

#counos_news
#blockchain
#supply_chain
🔴Cryptocurrency Funds are flourishing in Asia and Europe

🔻Fundraising in cryptocurrency in Europe, the Middle East, Africa and the Asia Pacific regions grew up to 55% over the past year
Based on statistics, fundraising in cryptocurrency has decreased on the whole. Over the past year cryptocurrency space saw 18% less funding, and funds in mergers and acquisitions decreased by 40%.
Fundamentally, Later-Stage companies are taking the control of the global cryptocurrency markets, while funding for Seed-Stage companies and crypto start-ups has decreased noticeably.

#counos_news
#fundraising
#cryptocurrency
🔴Tezos Declares Alternative Blockchain for Trading Card Game

🔻Kathleen Breitman, Tezos co-founder, affirmed publically that she might use another platform for her trading card game, Emergents other than Tezos blockchain platform. She stated that it is due to “obligation to her investors to make sure that we choose the right one for the game.”
Tezos’ other co-founder, Arthur Breitman also declared that he has bowed out from his “minor activities after receiving veiled threats.”
Emergents is a blockchain-based card game which was announced in March.

#counos_news
#Tezos
🔴A Turning Point for Bitcoin

🔻COVID19 paves the road for Bitcoin and smart contracts to flourish. Tim Draper, the global venture capital investor believes that current global disruption has incurred huge costs on global markets but on the other side it is an exceptional occasion for Bitcoin and artificial technologies to make the dream of globalization come true.
It has been claimed that globalization has ended in a stalemate but Draper believes that geographical borders are disappearing gradually by the rise of Bitcoin and artificial technologies. Artificial intelligence will provide people with more powerful choices and it will force politicians to modify their strategies and compete in virtual fields instead of battlefields.

#counos_news
#Bitcoin
#COVID19
#Tim_Draper
🔴Crypto Conference is Going to be Held in 3D Virtual World

🔻Current coronavirus spread has prevented the conferences to be held in corporations and trade centers. With regards to current disruption in global markets, conference organizers are working tirelessly to host conferences in virtual space.
A crypto conference called BlockDown 2020 is going to take place in a 3D virtual realm. There are great personalities going to participate in this virtual event. Although there is still some sorts of uncertainty about such smart technologies, EAK Digital CEO Erhan Korhaliller said that he is determined to change the current perception about virtual reality.
Rap singer, Akon who just recently has released the whitepaper for his cryptocurrency project will headline the event.

#counos_news
#blockchain
#virtual_conference
🔴A New World Order is Claimed to Happen After COVID19

🔻It has been claimed that after COVID19, the global economy will face an absolutely new order. People all across the world are terrified due to the current death stream running in their ghost cities. However, it has been said that China will appear more powerful than ever after the crisis because they have already opening their manufacturing corporations
It also has been predicted that Cryptocurrency and blockchain will reign over the future economy and traditional assets will perish and disappear from the global markets. Taking into consideration current disruption in the global markets, blockchain-based supply chains and digitalization of the U.S. dollar will be the next principal changes in the global economy.
Secure digital blockchain-based voting also may occur if people can’t make out to the polls in the next United States Presidential election, 2020.
#blockchain
#new_world_order
#cryptocurrency
#bitcoin
#technology
#COVID19
🔴Canadian Company Announced a COVID19 Electronic Screening

🔻Equipping health providers and medical organizations with facilities to detect affected individuals is absolutely crucial to combat COVID19. Taking into consideration current activities to control coronavirus outbreak in Canada, a Canadian blockchain company declared the first deployment of a blockchain-based coronavirus screening tool to help health providers gather reliable data about the patients and coronavirus carriers.
This Blockchain app provides more in-depth analysis of COVID19 patients and it assists local authorities to detect infection areas more efficiently.. It screens citizens to diagnose coronavirus symptoms such as respiratory diseases, fever, cough, difficulty in breathing, and headaches.
#technology
#blockchain
#COVID19
🔴Bitcoin Drops below $7k

🔻Markets are Gripped by Fear; Bitcoin Price Drops below $7k
Coronavirus has had far-reaching consequences in global markets. Recession and economic depression incurred by the recent crisis, are leading to reallocation and rearrangement of global order. As a result of current disruption, Bitcoin price has plummeted considerably during past weeks. Based on a report by COIN360, Bitcoin price has dropped below $7k for the first time in the past four years.
It has been assumed that Bitcoin price will continue to decrease in value below $6.300 due to current recession and lockdown in global markets. Is it merely a natural occurrence in the cryptocurrency market or an economic hoax?

#bitcoin_price
#recession
🔴Is Online Voting Secure?

🔻Based on a report by a scientific association, online voting is not still secure even with blockchain. COVID19 pandemic may not allow American residents to make it out to the polls due to social distancing and quarantine measures practiced by the government to break the chain of transmission.
Alongside with significant expenses of voting hardware, online voting increases the fear of electoral fraud and ballot manipulations. It has been predicted that blockchain-based systems likewise are not secure enough to be entrusted for future elections.
Online elections currently will raise many questions concerning meddling in the natural order of democracy.

#blockchain
#democracy
#voting
#COVID19
🔴Blockchains lack Interoperability

🔻Blockchain is a well-known technology that provides the modern world with unprecedented opportunity to flourish, although interoperability of blockchain networks is not that all-encompassing to provide efficient use for enterprise solutions.
According to the World Economic Forum (WEF), blockchain networks are still isolated so far. It is important to notice that without interoperability, there won’t be mass adoption. As a result, major industry projects are looking for proper solutions for the current lack of interoperability between blockchain networks. Solutions focus on Bitcoin and Ethereum as two major public blockchain.
#blockchain_interoperability
#WEF
#blockchain
#bitcoin
🔴China Necessitates Development of Data Security Standards

🔻China’s Ministry of Industry and Information Technology issued a document on April 10, which necessitates development of data security in blockchain.
The aforementioned document fundamentally emphasizes the development of security standards in next-generation technologies such as blockchain, 5G, cloud computing and artificial intelligence. Data privacy, secure digital asset storage and protecting network interactions are among the most important standardizations for the blockchain.
The document also underscores research on smart contracts and blockchain security in financial transactions.

#security_standads
#China
#blockchain
#standardization
🔴Japanese Exchange Titan Issues $25 Million Shares

⭕️DeCurret, Japanese exchange titan promoting cryptocurrency as a payment method for public transportation, has recently issued $25 million new shares worth of value to rearrange its capitals.
Although severe restrictions are enforced by Japanese government due to the current COVID19 pandemic, We’ve seen during the pandemic crisis that Japan's transportation system has largely been unaffected and stations are full of commuters. DeCurret is developing a new crypto payment system that enables the payment card to be topped-up through cryptocurrencies.
DeCurret aims to “enhance transaction services for existing virtual currencies” and to promote the “expansion of digital currency and settlement services”.

#counos_news
#payment_card
#DeCurret
#Japan
#COVID19
#cryptocurrency
🔴A New Horizon is Rising

⭕️New COVID19 pandemic has pushed economical front lines toward new borders. I would dare to say that an absolutely new horizon is rising before global markets.
Recent lockdown and market volatility has forced companies to cut their budgets or workforce.
On the other hand, 10 out of 18 cryptocurrency projects reported that the pandemic had no effect on their business processes due to their decentralized approach and wise budget management. Major cryptocurrency exchanges also declared that they have remained unaffected and their anticipated projects are going forward as scheduled because they chiefly work in the digital realm.
Counos platform ensures its cutomers that the company has remained unaffected during the current crisis and consequently is declaring officially to publish and issue its newest version in near future.
#cryptocurrency
#COVID19
#Budget_Cut
#New_Horizon
🔴Chinese City & Huawei Collaboration to Boost Blockchain Adoption

🔻Telecommunication titan, Huawei has been developing measures to strengthen the adoption of blockchain in China.
In this regard, Nanshan District of Shenzhen, China has signed a deal with Huawei, leading global provider of information and communications technology, to boost the adoption of blockchain.
They work together chiefly to establish Kunpeng industrial demonstration zone, to accelerate the application of blockchain, artificial intelligence, big data and 5G. People's Bank of China (PBoC) has already started testing its digital currency in Shenzhen in September. Shenzhen is an important city for the development of blockchain in China.

#china
#Huawei
#Shenzhen
#blockchain
#cryptocurrency
🔴Stablecoins & the Future of Money

🔻Since the arrival of Bitcoin in 2009, there have been many speculations about the future of cryptocurrency and how promising digital assets are. Blockchain is a distinctive development in global markets that endeavors to rearrange the global financial ecosystems.
But cryptocurrency is diagnosed with some disadvantages like lack of reliability and due to price fluctuations, high volatility, global uncertainty and pressure from legislative governmental bodies, digital currencies have not so far been adopted globally. Experts and financial connoisseurs also have not accepted blockchain, due to its crucial and critical drawbacks.The volatility of stablecoins is lower because the price is dependent on the rate of the real asset. stablecoins synthesize irreversible, immutable transactions with constant and stable value tied to a traditional currency.

#blockchain
#stablecoins
#cryptocurrency
#financial_ecosystem
🔴New Blockchain Alliance Including Huawei & Alibaba

🔻With due consideration that public blockchain services play a significant role in the current world, more than 100 prominent enterprises, have joined the alliance including Huawei, Alibaba and Inspur, located in the intelligent industry cluster in Yuzhong District, China.
The Alliance desires to build an open platform for joint enterprises and blockchain communication, cooperation, innovation, and application. The coalition made an appearance in the blockchain field by announcing its public service blockchain platform, Yu Express Chain, based on Inspur Blockchain Services (IBS), to provide public services.


#China
#blockchain
#Yu_Express_Chain
🔴World Bank Takes Shelter Inside FinTech & DLT

🔻Global economy is facing the worst recession since the great depression during the late 2000s. Consequently, major trade corporations are taking extreme measures to weather the current crisis with the least consequences. The World Bank recently issued a 70-page report to investigate blockchain’s capacity to provide financial solutions.
According to the report, distributed ledger technology (DLT), stablecoins, central bank digital currencies (CBDCs), payment tokenization systems, data analytics and cloud computing are key fintech and blockchain-related developments that may provide proper solutions for issues in the realm of cross-border payments.

#World_Bank
#fintech
#CBDC
#DLT
🔴DeFi Market Value Surpasses $1 Million

🔻The value of tokens in Decentralized Finance or DeFi has surpassed $1 million after the stock market crash in March that led to a liquidity crisis.
three-largest tokens represent over half of the total DeFi capitalization with Maker representing 28%, 0x (ZRX) comprising 16%, and Synthetix Network Token (SNX) totaling 11% of the DeFi market cap. Maker, Synthetix, and Compound represent 76% of all assets locked up, with $536.1 million. $703.3 million in assets are currently locked up in DeFi protocols with MakerDao representing 49%.

#defi
#token
#Maker
#Synthetix
#Compound_0x