Week 13 - 2020 News Recap
Blockchain Data Hub Cooperating with Oracle, IBM and WHO to Provide Info About COVID-19
To be able to detect Coronavirus infection epicenters and provide valuable data that would track the progress of pandemics, and hopefully its decline as well, MiPassa is launching Covid-19 information “highway”. The solution is built on Hyperledger Fabric and should use and test data and other information to enable valuable information about COVID-19. The CEO of Hacera, the company that built the software, stated that the main idea of the project is to help people get information, data, analysis, and insights on the active crisis. That way, the battle against Coronavirus should be more effective. There are numerous big players from the tech industry joining the projects’ efforts.
IBMM is one of the collaborators working on the project. Besides, John Hopkins University, China’s National Health Commission and Microsoft are also joining the cause with more players such as the World Health Organization and Oracle. IBM’s CTO, Gari Singh, shared that participants are already brainstorming around possible ways to effectively and efficiently collect the needed data from trusted sources. Singh further mentioned that blockchain was not forced to become a part of the solution. They wanted to make sure that the provided info cannot be tampered with, which is how blockchain becomes the best solution for the project. Everybody is forgetting about profits in these difficult times, while big names in tech are rushing to help people battle against COVID-19 by staying informed.
Ways Cryptocurrency Community is Helping in the Times of COVID-19 Outbreak: Tracking, Protection, Donations and More
In times of need and utmost necessity when the entire world is suffering from the outbreak of the Coronavirus, everyone is doing their part to help – hopefully, everyone is able to contribute. The crypto community is not missing in this case scenario as many companies and individuals from the community of digital assets are trying to do their part and make the pandemics as easy as possible. For starters, many cryptocurrency companies and blockchain-based businesses are collecting donations for Coronavirus research so the pharmaceutical industry could find the best way to battle COVID-19. A crypto data aggregator, Messari, made sure to create a new resource where the public can follow up with statistics related to the outbreak of the Coronavirus. The tracker, called Covid-19 Tracker is following up with progression and regression in all 50 states of the US, several additional territories, and the Grand Princess cruise ship. Furthermore, the academic-research online hub, JSTOR, made available over 6,000 e-books and 150 different research papers free of charge..
A couple on the head of a 3D printing company, Budmen industry, has made 300 shields and donated them to the state’s efforts battling Coronavirus. NanoHack, an open-source respirator that deals with 3D printing and manufacturing of medical-grade face masks are using the latest technology to improve face masks that could be used in the time of the current outbreak. Many galleries haven’t forgotten about art fans so there are over 2,000 masterpieces published online in an attempt to create virtual rooms for art. IBM created a competition for developers that are interested in solving some of the most pressing issues on the global level. From climate change to the Coronavirus outbreak, IBM is rewarding the winner of the competition with 200,000$. The idea is to solve some of the biggest problems in the world by using technology. The decentralized VPN provider, Orchid, is making sure that all reporters may get to valid and accurate information, providing VPN services in the times of the Coronavirus crisis. Collab19 is aiming at creating DAO to gather people interested in battling COVID-19. Decentralized Autonomous Organization would be governed by token economics. Hackaday.io, a website where people are collaborating with professionals on hardware development is running more than several open-source campaigns in the times of Coronavirus outbreak, trying to come up with hardware solutions for battling COVID-19.
Decreased Bitcoin Mining Difficulty Could Cause a Price Dive
Bitcoin just had the second greatest decline in the mining difficulty, sinking to -15.95% during the ending week of March. The last time a decline in the mining difficulty took place, the price of Bitcoin plummeted by over 50%. To make sure that new blocks can be generated and that miners can solve equations every 10 minutes, Bitcoin’s mining difficulty is adjusted in an automated process every two weeks or so. To be more specific, adjustment takes place every 2016 block. This adjustment process is related to changes in hash rates, which is how mining difficulty is not the same at all times.
If hash rates are on the rise, the difficulty will rise accordingly, making mathematical equations more difficult to solve. On the opposite, if hash rates are seeing a decline, so will the mining difficulty. In this case, equations become easier to solve. It is expected to see mild ease in the mining difficulty in the next two weeks. Analysts expect the mining difficulty to change by 13.67%. Hash rates are, of course, connected to the general activity of miners and cycles of profitability as well. When mining BTC is profitable, more miners will join the network, hash rates would be on the rise, and with it the adjustment of mining difficulty would increase, making equations more difficult to solve.
Less Than 1 Million People Own a Whole BTC
According to data released in March, the most recent information reveals that only 800,000 people, but less likely over this number, hold a whole Bitcoin in their wallets. Even though less than a million holders have an entire BTC unit, the number is on an all-time high when it comes to the number of people owning one entire Bitcoin. Just a bit over 797,000 people have one or more than one Bitcoin in their wallets, however, this number is on the rise.
n the time of the report, over 100 new wallets were added to that number according to Glassnode monitoring resources. It appears that whale holders are accumulating Bitcoin since the last big decline, which should be a good sign for the price of BTC. The number of wallets with less than one whole Bitcoin is also considerably on the rise, although the number of wallets is constantly changing.
James Bond’s Favorite Watch Adds its First Pieces on Blockchain
You might not have noticed that James Bond wore the Breitling Top Time, a hand-wound chronograph masterpiece popular among jet setters in the 1960s. Agent 007 did wear this fabulous model and now the prominent company is placing certificates of authenticity to the blockchain instead of sending these certificates in physical form to owners of the latest model. The model is featuring a panda face and it represents a limited edition by The Breitling Top Time. At the same time, the company stated that this model should be the first in the history of the company and their prestigious products to have made it to the blockchain. With the blockchain-based digital passport, owners will have access to digital ownership of their watch only one click away.
The company is cooperating with a French-based company called Arianee. Arianee is a blockchain-driven business operating with blockchain tools to build strong relationships between customers and brands. Based on the digital signature safely kept on the blockchain, owners will have the opportunity to take advantage of registered and authorized dealers in case they need servicing. Arianee blockchain company uses permissioned and permissionless elements of blockchain, relying on the Proof of Authority consensus mechanism. At the same time, the company is enabling anonymous engagement of customers with brands, relying completely on the power of blockchain technology.