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Chickens and eggs: Retailer Carrefour adopts blockchain to track fresh produce

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© Reuters. FILE PHOTO: A Carrefour logo is seen on a Carrefour Hypermarket store in Montreuil, near Paris© Reuters. FILE PHOTO: A Carrefour logo is seen on a Carrefour Hypermarket store in Montreuil, near Paris

By Tom Wilson and Eric Auchard

LONDON (Reuters) – Europe’s largest retailer Carrefour SA (PA:) has adopted blockchain ledger technology to track and trace chicken, eggs and tomatoes as they travel from farms to stores, and will deploy it across all of its fresh product lines in coming years.

The French retail giant said it will rely on blockchain technology developed by IBM (N:), which is working with a number of retailers, logistics firms and growers to roll out systems to secure their global supply chains.

IBM Food Trust allows the industry to track and share information on how products are grown, processed and shipped. The technology cuts the time for checking the provenance of food from days or weeks to seconds, IBM said.

Blockchain, best known as the technology underlying cryptocurrency bitcoin, is a shared record of data kept by a network of individual computers rather than a single party.

Proponents say it has the power to transform industries from finance to real estate, but so far there have been few examples of its large-scale application.

Carrefour Secretary General Laurent Vallee said the group would widen its use of the system to its 300 fresh products across the world by 2022, securing a safe supply chain and allowing customers to trust in their food.

“The key thing for us as Carrefour is to be able to say when there is a crisis that we have the blockchain technology, so we are able to trace products and tell the story of the products,” he told Reuters.

Outbreaks of salmonella linked to eggs and poultry are a major challenge for the food industry.

Nearly 207 million eggs from a North Carolina farm possibly contaminated with the organism were recalled in April, while the number of salmonella food poisoning cases in the European Union is rising.

Global businesses will pay around $212,000 a year for full use of Food Trust, which is now available worldwide, IBM said.

Still, mass adoption of the technology could face hurdles, said Simon Ellis of U.S.-based market research firm IDC.

“The efforts to convince growers to participate is not a minimal one,” he said. “Growers and farmers exist at dramatically different levels of technological sophistication.”

Pork processing giant Smithfield Foods is among other firms joining the project, IBM said, while science and technology companies contributing data to the blockchain now include Minneapolis-based 3M (N:).

Walmart Inc (N:) said last month it would ask leafy greens suppliers to implement real-time, farm-to-store tracking using IBM’s technology.

Last year, 10 retail and food companies including Nestle SA (SIX:), Unilever Plc (L:) and Tyson Foods Inc (N:) joined the project.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Coinbase and the Awkwardness of Growing Up

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© Reuters.  © Reuters.

Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team.

The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here.

Coinbase’s recent announcement that it was considering another 31 tokens for listing was greeted with a potent mix of vindication, disappointment, query and speculation.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Exchanges, Startups Pick Sides After the Bitcoin Cash ‘Hash War’

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© Reuters.  © Reuters.

The so-called “hash war” over the future of bitcoin cash is over – and what remains appears to be a persisting rivalry between the forces behind what are now two distinct cryptocurrencies.

Created in November when the blockchain underwent a controversial system-wide upgrade (also called a hard fork), there remains a segment of the bitcoin cash community that follows a new software protocol called Satoshi’s Vision, or BSV.

With the remaining community following a competing implementation of bitcoin cash called Bitcoin Adjustable Blocksize Cap, or ABC, the expectation shortly after the split was that one blockchain would quickly overtake the other.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Cardano Dips Below 0.029270 Level, Down 4%

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© Reuters.  © Reuters.

Ninomag.com – fell bellow the $0.029270 level on Sunday. Cardano was trading at 0.029270 by 06:31 (11:31 GMT) on the Ninomag.com Index, down 4.28% on the day. It was the largest one-day percentage loss since December 1.

The move downwards pushed Cardano’s market cap down to $758.94302M, or 0.73% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $23.91700B.

Cardano had traded in a range of $0.028054 to $0.029414 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a drop in value, as it lost 5.15%. The volume of Cardano traded in the twenty-four hours to time of writing was $9.51922M or 0.09% of the total volume of all cryptocurrencies. It has traded in a range of $0.0277 to $0.0318 in the past 7 days.

At its current price, Cardano is still down 97.83% from its all-time high of $1.35 set on January 4.

Elsewhere in cryptocurrency trading

was last at $3,277.1 on the Ninomag.com Index, up 1.70% on the day.

was trading at $0.29179 on the Ninomag.com Index, a gain of 1.37%.

Bitcoin’s market cap was last at $57.18460B or 54.89% of the total cryptocurrency market cap, while XRP’s market cap totaled $11.91524B or 11.44% of the total cryptocurrency market value.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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When There’s Blood in the Street (Why It’s Not Quite Time to Be Long Crypto)

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© Reuters.  © Reuters.

Timothy Enneking is the founder and the primary principal of Digital Capital Management, LLC (DCM).
——————-

Two members of the Rothschild family are credited, perhaps incorrectly, with the (in)famous quote regarding investing: “When there is blood in the street” (James in the mid-19th century and Nathan, after the battle of Waterloo).

The family has been one of the richest in the world for over 200 years, so there’s something to be said for following the advice of its members… In the crypto space, therefore, the question becomes, Is there enough blood in the streets now that it’s the time to buy? I would argue no. Or, more precisely, not quite yet.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Crypto is for Activists: Why We Need More Cypherpunks, Not Cypherposers

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Zach Harvey is the CEO of Lamassu, an early and active provider of cryptocurrency vending machines.

The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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