VeChain Pushes for Food Safety With New Supply Chain Program

VeChain, the self-described “World’s Leading Blockchain Application Platform Driven by Enterprise Adoption,” has revealed what it calls a blockchain-enabled food safety solution built on top of its platform, according to a press release from the group.

“The solution allows blockchain technology to be deployed in the food sector with the fastest lead time compared with any other platform in the industry. The VeChain ToolChain powered Food Safety Solution integrates VeChain’s industry-leading technology and experience with business-ready technical features, solving the most urgent needs for the food industry in this new era,” the release reads on the matter.

A large part of this initiative is due to the COVID-19 pandemic, which has required the world be more careful about shipping and taking care of food, the release also notes. As a result, people around the world are more willing than ever to pay a premium for reliable foods and tracking methods. … Read more

Bristol is worst UK city for broadband outages with 169 hours a year

Cardiff is best, with only 1{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4} of internet users losing service last year, finds Uswitch survey

Almost five million consumers have suffered a broadband outage lasting more than three hours in the last year, with the average household losing a total of more than a day of internet time due to cutouts.

Bristol has been named Britain’s “outage capital”, with homes that have been hit by outages suffering on average 169 hours a year of internet loss, which is equivalent to seven full days. The typical UK home that does experience outages is offline for 29 hours a year, according to a new report by Uswitch.com, the utility comparison site.

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Bitcoin Cash Price Prediction: BCH/USD Rebounds as Bulls Attempt a Jump Over the Hurdles at $320 and $340

Bitcoin Cash (BCH) Price Prediction – August 12, 2020
BCH/USD rebounds above $280 after yesterday’s surprising breakdown. There was a general breakdown across the crypto currency markets. The bears sank the BCH below the $280 support which was intended to fall to the previous low at $245 low.

BCH/USD Market

Key Levels:
Resistance Levels: $280, $320, $340
Support Levels: $200, $160, $120

BCH/USD – Daily Chart

The recent breakdown below the critical $280 support was brief as bulls pushed BCH from its low of $270 to $280 before rebounding. BCH would have fallen to $245 low and later $220 low if the bears are successful. BCH bulls buy the dips to push the altcoin on the upside. Buyers have two major hurdles to jump over before attaining the $400 price levels. On the upside, if buyers break the $300 resistance and rebound above it, the $320 and $340 … Read more

Don't be fooled – under Covid-19, the UK labour market is in crisis

The latest figures suggest the employment situation is not too bad. But that is about to change

Rishi Sunak knows it. Andrew Bailey knows it. Every economic pundit knows it. The UK labour market is facing its grimmest period in decades. It is not a question of whether the dole queues will lengthen markedly, but by how much and when.

A cursory glance at the latest data produced by the Office for National Statistics would suggest the outcome is not going to be all that bad. Unemployment, on the internationally agreed measure, remains below 4{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4}, and has barely budged since the arrival of Covid-19 earlier this year. Employment was down 220,000 between the first and second quarters of 2020, which doesn’t look that terrible given that the economy contracted by a fifth over the same period.

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USDA Proposing Use of Blockchain For Organic Product Supply Chain

The Agricultural Marketing Service of the USDA is proposing the use of blockchain technology to help trace the organic product supply chain. They suggest that DLT could play an essential role in making the supply chain of organic products more traceable.

USDA interested in blockchains

An August 5 report from the US Department of Agriculture (USDA)’s Agricultural Marketing Service (AMS) noted that electronic tracking systems like blockchain could play a key role in adding traceability to the supply chain of its organic products.

The report states,

“DLT can provide secure, verifiable, transparent, and near-instantaneous tracking at the item level in complex supply chains. Critically, DLT can also protect confidential business information and trade secret information by automatically restricting sensitive information to authorized entities.”

The agency also acknowledged that leveraging an emerging technology like blockchain will demand additional development and time before an adequate system can be established in the organic … Read more