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US Researchers Develop Blockchain Protocol to Fight Counterfeit Pharmaceuticals

Researchers at Portland State University have created a blockchain protocol to prevent counterfeit pharmaceuticals from filling the market. Portland State University (PSU) researchers have made a blockchain protocol to prevent counterfeit pharmaceuticals from filling the market, according to a press release published on April 15. PSU researcher and professor of computer science at the Maseeh College of Engineering and Computer Science, Nirupama Bulusu, in collaboration with PSU computer science doctoral student Naif Alzahrani published a work dubbed "A new product anti-counterfeiting blockchain using a truly decentralized dynamic consensus protocol." In the paper, the researchers described a new blockchain-based method to record transactions geared to facilitate the fight against fake pharmaceuticals by product checking and decentralization. The proposed solution represents a blockchain-based chain of information, with only users possessing a specific key to access or modify the store..

British Royal, US Ambassador Say Tech, Blockchain Can Help Fight Human...

Dignitaries and experts at a conference in Vienna noted the potential of new tech like blockchain in fighting human trafficking. Princess Eugenie of the United Kingdom and United States anti-human trafficking Ambassador John Richmond recently spoke in favor of using new technology like phone apps and blockchain to address human trafficking, Reuters reports on April 8. At a conference in Vienna, Austria hosted by the Organization for Security and Co-operation in Europe (OSCE), experts noted that increased internet usage has expanded the ability of traffickers to exploit potential targets. However, Princess Eugenie — the granddaughter of Queen Elizabeth — reportedly noted that technology could also help fight trafficking. Eugenie, who founded the Anti-Slavery Collective in Britain in 2017, said: “I have learned about how blockchain is having a huge impact on supply chain management, and how an app in Britain can help the public report modern slavery at car washes.” Eugenie was referring..

Asia Pacific Conservative Union Launches Blockchain Ecosystem to Fight Authoritarianism

A blockchain platform meant to fight authoritarianism has been launched by the Asia Pacific Conservative Union. Two executives from the Asia Pacific Conservative Union (APCU) have launched the Liberty Ecosystem, a blockchain-based network designed to fight authoritarianism, a press release shared with Cointelegraph reveals on March 2. The co-founders of the project are APCU chairman, Jikido "Jay" Aeba, and CEO and co-founder of the organization, Yasu Kikuta. The press release describes the initiative as a “decentralized federation of local advocacy and economic development organizations seeking to combat the rise of authoritarianism in the Asia-Pacific region and around the world.” Per the announcement, regimes like China invest in foreign infrastructure projects in a bid to assert control over the political sovereignty of other countries. Such use of economic power to exert political control has reportedly started to result in the exportation of the authoritarian government model to ..

Circle Introduces Market Surveillance to Fight Insider Trading, ‘Pump and Dump’...

Circle plans to ensure it is protected against malicious trading schemes and on the right side of regulators. Blockchain finance company Circle will use digital financial services company Nice Actimize’s market monitoring tools to fight manipulation, a press release confirmed on Feb. 27. Nice Actimize, which forms a branch of Israeli enterprise software giant Nice Ltd., offers professional client tools in the areas of financial crime, risk and compliance. Circle will use Actimize’s Cloud Markets Surveillance (CMS) to proactively prevent and detect malicious trading activity on its own platform, including insider trading, layering and even so-called pump and dump schemes. “Adapting innovative technology solutions, such as the financial markets compliance solutions from Nice Actimize, to meeting the potential needs of regulators and protecting our assets brings this commitment full circle,” Circle’s head regulatory counsel and chief compliance officer, Robert Bench, commented in the pre..

Sony and Fujitsu Develop Blockchain Platform to Fight Fake Educational Qualifications

Sony and Fujitsu have developed a blockchain platform for verifying the authenticity of Japanese language qualifications of foreign students. Japanese multinational conglomerate Sony and IT equipment services firm Fujitsu have created an encrypted database for educational proficiency documents, The Asahi Shimbun reports on Feb. 26. The database, which reportedly employs blockchain technology, is used to prevent forgeries of language proficiency documents, which some foreigners purportedly use to receive resident status to study in Japan. Foreigners must submit a Japanese language proficiency certificate to the Immigration Bureau in order to receive resident status to study in Japan. Said certificates can be issued by Japanese educational institutions abroad. Japanese language schools within the country will submit the certificates on behalf of institutions overseas. Illegal copies of the language certificates have reportedly been found in several different countries. The Asahi Shimbun..

Under Fire: Kik Is Gearing Up for a Fight With the...

Messaging app Kik intends to take the fight to the SEC if regulatory action is taken against its 2017 token sale. Canadian-based social media startup Kik is gearing up to challenge a proposed enforcement action from the United States Securities Exchange Commission (SEC) over a fundraising initiative in 2017. The American securities regulator believes that Kik’s Token Distribution Event (TDE) two years ago violated securities laws. The company raised $97 million during its fundraising phase, a princely sum for a platform that has garnered millions of users since its inception. Following the SEC’s recommendation of an enforcement action in November 2018, Kik was served with a “Wells Notice,” a letter to the company that needs to be responded to in 30 days. Kik replied to the SEC in their “Wells Response” letter in December, arguing that the SEC’s regulation by enforcement approach has negatively affected the development of blockchain and cryptocurrency in the U.S. and has subsequently l..

Litecoin Foundation to Sponsor UFC Title Fight in Bid to Increase...

The Litecoin Foundation will sponsor a mixed martial arts title fight in the Ultimate Fighting Championship as part of its effort to expand crypto adoption. The Litecoin Foundation will sponsor an event of the Ultimate Fighting Championship (UFC) mixed martial arts organization, according to an announcement published Dec. 26. In the statement, the foundation said that it has become the “Official Cryptocurrency Partner” of the UFC light heavyweight title fight between Jon Jones and Alexander Gustafsson. The Litecoin Foundation stated that the sponsorship is part of its effort to expand the adoption of digital currencies, saying: “With brands and institutions continuing to push into cryptocurrency and blockchain, this is yet another signal of this technology moving closer towards the mainstream.” Litecoin (LTC) was released in 2011 by former Coinbase engineering director Charlie Lee. The coin is a proof-of-work currency with a limited supply of 84,000,000 LTC. Litecoin is not centrally ..

Poloniex Joins Fight for Institutional Investor Market With Dedicated Accounts

Poloniex is looking to get its own piece of the institutional pie by giving special treatment to institutional clients. U.S. cryptocurrency exchange Poloniex has launched a dedicated offering for institutional traders, the company announced in a blog post Dec. 4. Poloniex, which merged with financial services company Circle in February this year, currently ranks 47th in the world among crypto exchanges by trade volume. The exchange joins an increasing array of operators looking to service the institutional market, a segment of cryptocurrency traders commentators have tipped to become a major force behind shoring up asset prices next year. “Institutions large and small can enjoy the benefits of our large curated selection of crypto asset trading pairs, dedicated support and robust API services,” the company’s blog post claimed: “...Poloniex is focused on meeting the advanced trading needs of institutions.” Those using the new service will be able to do so subject to a minimum trade of ..

IBM and Seagate Launch Blockchain-Based System to Fight Counterfeit Hard Drives

IBM and data storage firm Seagate have announced a joint initiative to fight counterfeit hard drives using blockchain technology. IBM and data storage firm Seagate have announced a joint initiative to fight counterfeit hard drives using blockchain technology, according to a press release shared with Cointelegraph Nov. 8. The project will reportedly use IBM’s Blockchain Platform to help manufacturers, integrators, and business partners better authenticate the provenance of hard disk drives. IBM and Seagate’s solution will work by updating the IBM Blockchain Platform on the IBM Cloud with product authentication data based on Seagate’s security solution Seagate Secure Electronic ID (eID), the latter of which creates a unique identifier at the point of manufacture that can later be used to verify the identity of a given hard drive at any point during its life cycle. Aside from eID, Seagate will also provide a solution dubbed “Certified Erase,” which: “Employs cryptographic erasure technol..

New Cryptopunk Game: Players Fight in Futuristic Post-Apocalyptic World to Get...

sponsored A new mobile “multi-blockchain” game, supporting a whole range of different cryptocurrencies, is ready to be launched in late November 2018 A new mobile “multi-blockchain” game, supporting a whole range of different cryptocurrencies, is ready to be launched in late November 2018. Estonian game-developer Ether Dale, created Glitch Goons, a player versus player (PvP) automatic fighting game where users can buy special items during their presale to customize and upgrade their characters. Features of the gameEther Dale describes Glitch Goons’ universe as a futuristic post-apocalyptic world where cybernetic animal-humanoids fight with each other. There is also an advanced character management system which allows players to modify and upgrade their fighters with special stats and abilities. Players can also take part in tournaments and get real prizes. The company says the prize pool will be taken from revenue gained during the presale which also gives players a chance to get adv..
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