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Believed in ETH for several years now, and glad to have bought before the 10% pump this morning. Pandemic has really made the economy suffer, and people are finding ways to take profits in any way they can.

In the crypto industry, traders can win if they play it smart, bounties are no longer a thing but grabbed some XEM's for their 1:1 airdrop with their new token, anything that can make me money to go and buy something is key right now.

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Nice song though, can't believe it has been 6 years since

I read somewhere back then that PayPal was kinda against crypto, but I guess that's really how massive technologies are when they were still new. Anyways, it's great to see PayPal finally opening their eyes and seeing the amount of transactions that can happen inside PayPal if they start integrating crypto in it. Not to mention the adoption side of things too. Very similar to how banks are against crypto back then, and how tables have turned with the bank in Lithuania doing their own coin through the NEM ecosystem. Fiat will always be the global currency but crypto will slowly sneak in.

Chinese tech giant Tencent has revealed its plan for creating a blockchain-based wine traceability platform in collaboration with Changyu, China’s biggest and oldest wine producer, according to local news on July 31. It is said to be a nationwide first for the country’s domestic wine industry.

According to Changyu, the platform is designed to trace every step of the wine-making and sales processes, including planting, brewing, distribution and management. It will issue a unique traceable certificate for each bottle of wine it produces. 

The whole process will be recorded on the blockchain network. The firm’s bottles’ scannable QR codes would allow consumers to verify the authenticity of the wine. The QR code will also present a whole set of data like plantation information of the grape types, origins, rainfall levels, temperature information among other things.

The blockchain network will reportedly help distributors and sales outlets to catch counterfeit bottles and to identify bottles that have failed quality-control tests.

As Cointelegraph previously reported, Symbol from NEM makes blockchain solutions to solve wine tampering and counterfeiting problems to save millions for the wine industry.

Source

Because of the pandemic, everyone is almost going digital and we're more prone to cyber-crime, fraud, and possibly scams.

Blockchain technology being seen as a trusted record, a ledger that can never be cheated on, can possibly solve these issues for most of the people. This type of verification also has many other applications, such as making it trivial to verify IDs, university degrees, memberships, and authenticity of artwork or goods. Client apps have already been developed to make these kinds of verification free and easy using web browsers, mobile apps, or desktop apps.

Source - https://symbolplatform.com/latest/prioritizing-trust-in-a-new-pandemic-reality

Can blockchain technology be a solution to solve all these crimes that may happen because of the new pandemic reality?

Great news! I love how $NEM made its comeback and this news made it pretty good! I hold a $NEM and a bunch of Cardano. I think a combination of these two, with the ETH 2.0 news coming out will make them successful.

Multi-sig has been a discussion that I've seen on different areas and I think it is really beneficial. There is doubt with fiat because banks still kinda control and hold your money, but an example of multi-sig in the blockchain space is Symbol which accounts can be converted to multisig.

From that moment on, the multisig account cannot announce transactions by itself. A multisig cosignatory has to propose a transaction involving the multisig, wrapping it in an AggregateTransaction.
To record the transaction in the block, the other cosignatories will have to agree.

I'd say the easier the more likely that these big players will start using blockchain. I think what they're doing is to create a public-private hybrid deployment by syncing with the existing NIS1 publish chain.

It can be applied yes. Blockchain revolutionizes the way that we prove certain things are legit, and really solves a lot of existing issues with cybercrime, etc.

Check out this article that featured companies using the identity layer feature of blockchain technology - https://gomedici.com/22-companies-leveraging-blockchain-for-identity-management-and-authentication

In Switzerland, a privacy-centric, regulatory compliant blockchain recently announced that their Testnet 2 is already live and it has their "game-changing" identity features which will make businesses want to implement this technology.

Anyone here who has tried it? And how impactful is identity-feature/ID-layer at the protocol level for businesses and major corporations?

I think their goal is being able to trace where the crop came from. From the actual seed, to the time where it's already being sold. The management platform sits on Symbol blockchain, which allows for the registration and tracking of each cannabis strain, ensuring confidence in the quality of medical and recreational cannabis and also adherence to government regulations.

With legislation paving the way for legalization of cannabis across the world, a Cannabis company based in Colombia is using blockchain to learn about the future of traceability in their crop (Enabling cannabis growers to trace their crop from seed to sale). Together for its management & compliance platform, ensuring confidence in the quality of medical cannabis & adherence to government regulations.

They're working closely with Symbol from NEM and their blockchain to maximize its functionalities of rapid technological implementation, simplicity in its learning and robustness in its design and architecture. It has both dedicated enterprise chain features and all decentralization features to target the market cap too and increase it's token value moving along.

With more people getting anxiety issues during this pandemic, CBD has risen up its sales and this can be the future of blockchain technology being used.

What does it take for companies to use blockchain technology more?

In an uncertain economy when every penny counts, even the smallest increase in revenue or reduction in expenses can have an impact on company profitability. It's often simple, common sense steps that improve the bottom line, especially for a small business.

Recently, Symbol from NEM will allow businesses to tap into a next generation blockchain ecosystem that helps to reduce costs, while also maintaining the highest levels of speed, efficiency, security and flexibility. Features such as Consensus Mechanism, customization and flexibility, etc. The good thing is that it retains the community focus and character of decentralization that NEM has become renowned for, therefore making their new token (XYM) to reach great potential.

As we approach mid-year, this is a good time to step back and have these businesses look carefully with their practices. Is this the perfect time to get them introduced to blockchain technology?

This technology is the solution to many problems that individuals, companies, and businesses face. Blockchain can solve transaction fees, and speed everything up from their respective systems. It's just a matter of understanding the risk, and if it's compatible with their existing API, etc. There's a project by NEM that helps smooths business friction, increasing the flow of data and innovation to supercharge the creation, exchange and protection of assets. XYM (their token) will surely be valuable as they progress, it's hard to not to believe in them too since NEM is successful in its own terms.

That's correct, being that its not very likely for an altcoin that came from an airdrop to reach the top 10's in CMC but if it does come from a very successful project (which is NEM from the OP), it is possible, but it needs to pull everything off perfectly.

As far as I know, the same team from NIS-1 is behind Symbol, but I'm not entirely sure.

There's so many cryptocurrencies out there let's say Bitcoin because it amounts the value of gold for one. Still, one might choose to buy or support that currency merely because of (a) the value it brings you (b) the very idea of the currency which makes it really valuable.

But it is possible for me to support a currency because of its practicality to solve common problems we usually encounter, and yes that is possible. I myself own NEM because of that reason and now they've created a new platform that compliments them which is called Symbol (XYM).

It's main purpose is to make it everything easier let's say if you use Symbol's aggregate transaction for the “troublesome” work of pre-collecting membership fees for company banquets (year-end party, new year party, welcome and farewell party, etc.) that the secretary performs, that burden will be reduced.

It's simple enough for me tbh, if that provides actual solutions and is applicable then that is something worth backing up.

The circulating supply of DAI is less than 160M. However, 500M DAI tokens are now deposited in Compound.

This contradictive reality exists because DAI is being borrowed not for usage in trades. Instead, borrowers are transferring DAI to new wallets to re-lend DAI they borrowed.

Borrowers are essentially lending DAI to themselves over and over.

Blockchain technology is already starting to intrigue companies, from their CEO's, dev & tech team, etc. As the digital world evolves, the more these businesses should start thinking about leveling up their existing system.

The security token sector has been predicted to potentially become a trillion dollar market, and established financial institutions are now taking an active interest in blockchain-enabled solutions. The technological foundations that does these things like XYM from the NEM Foundation as an example, may allow the project to target high-opportunity ventures.

There are solutions for a wide range of companies that require a secure, reliable, and highly efficient blockchain network that continues to innovate and break new boundaries.

So the question is, what hinders them from using it?