WALMART SEEKS PATENT BLOCKCHAIN DRONE COMMUNICATION SYSTEM


The Iranians are using crypto to help flood victims, and walmart is using drone and blockchain technology for a new communication system. Lets start the show. volunteer cryptocurrency developers in Iran have created a blockchain platform called IranRescueBit, which allows people to make charitable cryptocurrency donations to aid regions in the country in recovering from destructive flooding. The government is reportedly not involved in the project. IranRescueBit reportedly allows donors to get around American sanctions that have insofar prohibited international donations to the Iranian Red Crescent Society, which is a non-governmental humanitarian society within Iran. Will cryptocurrency liberate the people of Iran? The Co-founder of market research firm DataTrek Research Nicholas Colas says that Bitcoin can be used as a geopolitical turmoil indicator. in an interview with CNBC Colas claimed that Bitcoin was one of the few assets of which the price predicted Hong Kong’s protests and the consequent local capital flight. When the interviewer asked him whether he believes that Bitcoin is a safe haven asset, he said: “We are definitely seeing that, and really are perked up around the Hong Kong protests and some of the currency flight that happened out of Hong Kong and the mainland, and Bitcoin was one of the few assets that we watched that actually predicted that uncertainty ahead of time. Nothing else was really moving, Bitcoin was.” Will bitcoin be an asset in the future that helps us predict what happens next? Just a reminder, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. And now, back to today’s episode. New England-based SimplyVital Health aimed to create a “healthcare-related blockchain ecosystem,” raising millions in a 2017 ICO. But those plans are now dead in the water. A blockchain healthcare company has settled charges with the U.S. Securities and Exchange Commission over an allegedly unregistered ICO that raised $6.3 million. What is the future of SEC regulation of cryptocurrency? Cybersecurity company Varonis has encountered a new cryptojacking virus, called “Norman,” that aims to mine the cryptocurrency Monero and evade detection. Norman as one of many cryptojacking viruses deployed in an attack that infected machines at a mid-size company. Hackers and cybercriminals deploy cryptojacking hardware to use the computing power of unsuspecting users’ machines to mine cryptocurrencies like the privacy oriented coin Monero. How will this affect the company from here on out? retail giant Walmart has submitted a patent application for a drone communication system that is based on blockchain technology. Walmart filed its patent with the United States Patent and Trademark Office earlier this month. The filing describes a system on a drone that encrypts and stores that drone’s operational parameters. That information is then passed to another drone, which decrypts, reads and then configures to those parameters. the vehicle-to-vehicle communication system between unmanned drones would relay messages, mesh communications networks and allow machines to be aware of each others’ location and bearing. Blockchain, drones, communication. Welcome to the future. Many thanks for tuning into today’s episode, please make sure you like share and subscribe to the show, And please remember to go check out our new website at cryptognt.com where you can find all the latest news from the world of cryptocurrency. You can find a link to the site in the show notes below. For crypto global news I’m Edward, until next time you take it easy.

Leave a Reply

Your email address will not be published. Required fields are marked *