News Chinese Province to Track Tea Supply Chain Through Blockchain

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The Chinese province of Yunnan, famed for its dark variety of tea, has announced the launch of a blockchain-based platform for traceability of tea from its Pu’er tea farms. The platform will be used for managing quality control, as well as sale and loan financing operations on 42,000 hectares of farmland across the province. By scanning QR codes on the new platform, customers are able to review product’s composition, production process, product sales, financial support, and other data. The Pu’er tea industry’s interest in the blockchain technology dates back to 2019. The Chinese province wanted to integrate traceability solutions based on blockchain technology from some time.

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COVID-19 Lockdown Triggers Increase in BTC Trading in Russia
A number of Russia-based crypto exchanges revealed a significant rise in Bitcoin trading across Russia from March to May 2020, during the COVID-19 lockdown. For example, according to EXMO report, activity on the exchange rosed of 15-20%. Apart from higher user registrations with crypto exchanges, there is also an increase in Bitcoin Futures trading activity. Bitcoin Futures enables traders to speculate on the future Bitcoin price without owning the BTC itself. United Traders analyst, Fedor Anaschenkov, believes that self-isolation from the pandemic coronavirus was one of the drivers that led to increased trading volumes. As reported earlier, Russian lawmakers are seeking to criminalize the use of cryptocurrencies in the country. The Ministry of Economic Development in Russia has moved several bills in the State Duma, including an updated draft for digital financial assets.

The post COVID-19 Lockdown Triggers Increase in BTC Trading in Russia appeared first on HYIP.com - Online Investment Starts Here.

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