Connect with us

FEATURED

What Can the Blockchain Do for Ebola?

Published

on

It is a very sad news indeed that the dreaded Ebola disease has resurfaced in the Black continent just a few years after it ravaged some parts of the continent. The Republic of Congo is currently battling with the spread of the dreaded disease that recently spread to Urban areas. The question now is what can the blockchain do to curtail such a dreaded disease as Ebola.

Immutable Records

The health minister of the Democratic Republic of the Congo’s (DRC) announced on Wednesday, May 16 that the current Ebola outbreak had spread to urban areas with the record of the first case in Mbandaka, a city of 1 million people. With the current outbreak, there is a need for records, immutable records and that is the role the blockchain has come to play in the society.  Already, health officials have announced that the death toll had reached 25 on Friday. The Distributed ledger offers a distributed database with real-time synchronisation. It also protects trusted records and simplifies interactions. This way people can impute the data and number of death toll or cases enabling the government know the exact number and function adequately.

Vaccine Supply Chain Management

Tracing the root of a problem is usually equivalent to its solution. The blockchain technology enables the transparency of the supply chain management If people can now track their coffee from farm to table as a blockchain startup in Ethiopia is enabling the central East African country track its coffee and pay farmers the equivalent of their coffee beans. If the blockchain is also employed in tracking the pharmaceutical products that will be distributed to avoid theft and inconsistency, the delivery of the drugs and treatment to end the epidemic will be faster and more efficient.

The World Bank announced the provision of $3 million to support the DRC’s Ebola Virus Disease Response Plan. The WHO is also deploying an experimental Ebola vaccine of 4,300 doses of which have arrived in Kinshasa with about 7,540 more on the way. The Vaccine is still unlicensed and this is its first deployment although it was cleared for “compassionate use” by the WHO. Tracking how the money is being spent and what it is being spent on as well as tracking the drugs and how it is being supplied can be monitored by the blockchain.

Identity Tracking

In 2014, when Liberian diplomat Patrick Sawyer imported the Ebola virus into the West African country, Nigeria, Rapid response to his symptom and the sacrifice of health personnel made it possible to curtail the dreaded disease. Since the disease started internally in the DRC identifying the victims would be necessary and the records will also be bulky to go through. But, if their details, identities and medical records from birth to death are stored on the Blockchain, it makes it easier to ascertain the death toll. The Congolese health ministry has already deployed epidemiologists to the affected areas to track down people who may have had contact with infected individuals. This could be made easier with the blockchain technology that would have the history of the people in a distributed database.

Fund Raising

The blockchain technology and its underlying use case cryptocurrency can make Cross-border donations easier. People around the world passionate about the cause can donate cryptos to enhance the scientific research on vaccinations that can help people be immune to the disease. While the deadly virus is still being controlled in DRC, we hope that other countries will employ preservative methods that entails the Blockchain technology.

 

 

Do you think that the blockchain can help eradicate Ebola from Africa? Share your opinion with us in the comment section below.
Image credit:newscientist
 
Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

Spread the news
Continue Reading
Advertisement
Comments

Blockchain

Report: EOS Loses 400,000 EOS Due to Security Glitches

Published

on

The crypto market has been bearish for some time now and a lot of tokens have had their fair share of dips. Likewise, EOS has also experienced quite a dip. However, it may seem that EOS is not suffering losses from the bearish market alone but has also experienced significant losses due to some security glitches. These issues have led to the loss of 400,000 EOS which is about $200,000, at the time of writing.

However, a report from Peckshield revealed that EOS ecosystem has been suffering from some security glitches. There were many loopholes at the early stages of the dApp ecosystem right from its launch in June as it took awhile for the system to go live. EOS, however, made a fast growth in the blockchain market attracting billions of dollars worth of investment as well as building over 200 dApps and carrying out as much as 600 million transactions.

Despite the numbers that EOS was cashing in, it had underlying problems. For one, its security issues can be traced back as far as July when a dApp, Werewolf game fell victim to an overflow attack.  EOS also had a very large number of gaming apps launched on its platform. The platform is popularly known ‘ETHEREUM KILLER’ recorded $1 million in august ABOUT $360,00 more than the drops of Ethereum. However, more attacks s

One of the gaming dApps on  EOS, EOSBet was faced with a RAM devour problem in August. The report, however, reveals that as time goes on, more attacks are likely to occur “due to the negligence of dApp developers.” The report also reveals that most of the glitches the EOS ecosystem suffered from after November were loopholes that weren’t addressed earlier in the ecosystem.

Also, the report unveiled that while the EOS blockchain ecosystem boasts of 200 dApps and more than 500,000 users, only 180,000 are active out of 500,000 accounts. The report states that while 120,000 are group control accounts active users on the platform are less than implied as there are more than 200,000 silent accounts.

However some researchers such as Guo Yonggang believe the attacks may be from external forces not related to the blockchain itself, he suggests cyberattack groups. However, the report noted that “The better way is for developers to build their own early warning platform. The benefit is that it can be implemented. Monitoring, as soon as the alarm sounds, immediately turn the game off.”



 

What do you think about the security glitches in the EOS ecosystem? Share your opinion with us in the comment section below.
Image credit: Pixabay

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

Spread the news
Continue Reading

adoption

Survey: 40% Freelancers Receive Payments via Cryptocurrency.

Published

on

Freelancing has become so popular now as people can easily ditch the routine 9-5 hour schedule of the traditional workplace. However, a recent survey conducted by Humans.net has revealed that cryptocurrency is becoming appealing to freelancers. The survey was carried out on 1100 freelancers and revealed that cryptocurrency eliminates the need for a middleman for payments especially for those with international clients.

According to the survey, about 38% of the population surveyed admitted to having used cryptocurrency at a time. On the other hand, 41% had never made use of cryptocurrency while 24% had no idea what cryptocurrency was as they had never heard of it. For most freelancers, the appeal of cryptocurrency is the fact that it aids in faster payment with low cost for international transactions.

The Humans.net survey also found that 29% of freelancers preferred to get crypto payments to being paid through the traditional banking system. 18% of those surveyed revealed that they would prefer to receive their entire income through crypto payments, while 11% said that they would prefer to receive a part of their income in cryptocurrency.

Freelancers find cryptocurrency to be of an advantage to them, it enables them to transact with clients who they may not know or trust. The survey revealed that 13% found it to be an advantage for international payment, 12% considered it a bonus for eliminating middlemen, 8% liked its low commission status. Also, 9% of those surveyed found it advantageous in its transparency, while 11% chose all the qualities mentioned and 4% did not choose any of the qualities.

However, Founder and CEO of Humans.net, Vlad Dobrynin has revealed that they will be integrating the blockchain technology to their freelancing platform. He explained that the technology will help people get faster search result regardless of their geographical location as well as protect users data.


 

 

 

What do you think about freelancers receiving cryptocurrency as payment for their services? Share your opinion with us in the comment section below.

 

Image credit: Pixabay

 

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

Spread the news
Continue Reading

adoption

Paxful’s #BuiltWithBitcoin Project Builds a  Second School in Rwanda

Published

on

Cryptocurrency has given charity a new shape. Paxful, one of the world’s largest peer-to-peer (P2P) bitcoin marketplaces has announced that the second school on its #BuiltWithBitcoin project in Rwanda has now been completed. The initiative was able to raise over a $100,000 through donations in BTC, ETH, BCH, DASH and LTC to fund the construction of the first primary school in the area.

Paxful was able to achieve this feat in partnership with ZamZam  charity. Yusuf A. Nessary the president of ZamZam explained, “Having proper education centers is fundamental in moving countries like Rwanda forward, while also increasing their standard of living…We are beyond thrilled to have partnered with Paxful in order to provide education for (the) next generation and beyond.”

The initiative will also employ six full-time teachers to carter to the educational needs of the children between the ages of 6 to 15. The school is located in the Bugesera District and the structure contains six classrooms, bathroom stalls, a cafeteria, a water well system that would hold 35,000-liter and solar panels.

Paxful launched the #BuiltWithBitcoin initiative last year and started by donating $50,000 in bitcoin which was used to build the program’s first nursery school in Rwanda. Paxful has also granted scholarships to some female Afghan refugees in the United States and plans to build 100 schools across Africa. The address donations can be made to is 3Q5CESP85hhXTLSy2HDbSyNchb5Bi8D7ku and Paxful aims to transform the lives of the people of Rwanda through cryptocurrency.

 

What do you think about the #BuiltWithBitcoin initiative? Share your opinion with us in the comment section below.
Image credit: Pixabay
Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

Spread the news
Continue Reading

FEATURED

Ohio Becomes the First State to Accept Bitcoin for Taxes

Published

on

Bitcoin doesn’t seem to be slowing down anytime soon. Reports have it that the state of Ohio is set to become the first in the United States to start accepting bitcoin payments for tax bills. The Wall Street Journal reports that the taxes will be limited to businesses purposes. Also, BitPay, an Atlanta firm would convert the Cryptocurrency to dollars first as the tax would not be going directly into Ohio’s coffers.

Ohio is making this move to support cryptocurrency as a means of payment. The report revealed that before local businesses can pay their taxes using BTC, they will have to register on the OhioCrypto.com. After registration, they’ll be able to pay taxes, sales and employee withholding taxes in crypto.

Josh Mandel, state Treasurer believes that the program will help Ohio stand out in crypto adoption although he claims that it is not a move by the state to make bitcoin a legal currency in the state. Equally, it is not known the amount of business that will patrons this program. Mandel, however, claims that some business has asked to utilise BTC as a medium of tax payment. He also revealed that the move to make Bitcoin a medium of tax payment was made possible since he did not require a bill to be passed to implement the program.

On the other hand, some other states in the US such as Arizona, Georgia, and Illinois, had been unable to implement bitcoin payments for taxes as the proposals got stalled in their state legislatures. Mandel, however, claimed that he can direct the office to accept bitcoin without the state legislatures’ approval.

This would be a significant feat in the crypto sphere if accomplished. Bitcoin has been losing face recently and this could help it regain its value. Other states such as New York already making plans to utilise cryptocurrency.

 

What do you think about this step by Ohio? Share your opinion with us in the comment section below.
Image credit: Pixabay

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

Spread the news
Continue Reading
Advertisement
Advertisement

Find Us

Address: 7 Kafi Street, Beside City Mall, Shoprite, Alausa, Ikeja, Lagos.

Hours: Monday—Friday: 9:00am–5:00pm

Contact: +234 817 866 6900

Advertisement
Advertisement

Trending