Hong Kong-based Cathay Pacific Pioneers ULD Blockchain Technology 13339

Cathay Pacific

Hong Kong-based Cathay Pacific is the first airline to introduce blockchain technology to manage its ULDs in real time via a mobile app and will ultimately eliminate paper receipts, following a successful trial last year.

The first stage of the project began in July. It will initially focus on ULD transactions in Hong Kong and selected locations in the US before being rolled out across the entire Cathay Pacific network.

The carrier describes its blockchain-enabled system as a “single source of truth” that provides standard data and greater visibility for all concerned parties. Once all ULDs have the necessary sensors installed, it can become a total paperless solution.

Cathay Pacific e-cargo and digital enablement manager Calvin Hui, who initiated the project, said: “Using blockchain to establish a trustworthy ULD database across the network will not only assist with ULD management, but also improve the service quality and experience for our customers.

“The most obvious benefit we expect to see is having sufficient ULD stocks for our customers during peak cargo periods, because we will know where exactly to find our ULDs.”Cathay Pacific

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Use dapps on any desktop browser with Coinbase Wallet’s WalletLink 10062

Coinbase Wallet

Coinbase Wallet users can use their favorite decentralized apps (dapps) on any desktop browser with Coinbase Wallet’s WalletLink. WalletLink acts as a secure bridge between your Coinbase Wallet app and your desktop browser. To get started, all you have to do is scan a WalletLink QR code with your Wallet app. You can then use dapps anywhere, while keeping your funds safe and secure on your mobile Wallet app.

Taking the dapp out of the dapp browser

Since we launched Coinbase Wallet, hundreds of thousands of users have explored the new decentralized web through Wallet’s mobile dapp browser. People tell us they love the best-in-class Coinbase Wallet experience–biometric authentication to keep funds secure; encrypted key backups; support for a variety of coins and collectibles; access to the latest dapps–all wrapped up in a beautiful user experience.

But to date, the Coinbase Wallet experience has been limited to mobile devices. Users on desktop web browsers have had to resort to installing clunky browser extensions, copying and pasting private keys across devices, and seeing fragmented wallet balances. Now, WalletLink enables a simpler way to use dapps.

To try WalletLink, make sure you’ve updated to the latest version of Coinbase Wallet (version 19.1 on iOS and 18.0 on Android). Now visit any of the dapps that have integrated with WalletLink (listed below, with more on the way) and click the option to connect your Coinbase Wallet. Next, scan the QR code with your Coinbase Wallet QR scanner. This creates a secure encrypted link between the Wallet app and your browser. Finally, approve access to the DApp and you’re all set! Now, whenever you submit a transaction, you’ll get a ping on your phone for you to approve the transaction.

WalletLink also supports persistent connections to multiple dapps, so you don’t have to scan a QR code each time you want to use a new dapp.

WalletLink has been tested with Google Chrome, Mozilla Firefox, Microsoft Edge, Brave, and Opera browsers. We plan to roll out support for native mobile apps and more currencies in the future.

Top dapps support WalletLink, with more coming soon

As part of today’s announcement, some of the most popular crypto dapps in the ecosystem are launching support for WalletLink, including:

  • Compound — On-chain borrowing and lending platform
  • dYdX — Margin trading, borrowing, and lending
  • IDEX — Decentralized exchange
  • Maker — Stablecoin and decentralized reserve bank

WalletLink support is also coming soon to Uniswap and more of the most popular dapps.

If you want to know if your favorite DApp supports WalletLink, look for the option to connect your Coinbase Wallet. If you are a DApp developer, WalletLink takes just 5 minutes to integrate and does not require you to deploy any additional infrastructure.

Open-sourcing WalletLink

We see WalletLink as a critical way to expand access to dapps, which is why we want this experience to be available to everyone in the crypto community. To make that possible, we’re open sourcing WalletLink today and making it available for any dapp developer and any wallet that wants to integrate it into their product.

Look out for a blog post on the technical side of WalletLink, explaining how it works and why we decided to open source it.

Malicious Cryptojacking Code Found in 11 Ruby Libraries 10373

digital currency

Cryptojacking software has been found in 11 code libraries for the programming language Ruby—exposing thousands of people. The latest heist, discovered yesterday on code repository Github made use of a package manager called RubyGems, a popular program that allows developers to upload and share improvements on existing pieces of software.

The hackers hid their code in 11 popular libraries on RubyGems by downloading the software, infecting them with malware, then re-uploading them to RubyGems under new names. The infected libraries were downloaded over three and a half thousand times.

Five of the eleven libraries were specifically related to crypto, with names such as doge_coin, coin_base, and blockchain_wallet, and were downloaded over a thousand times.

Out of these, coin_base and blockchain_wallet were downloaded the most. Infected versions of coin_base were downloaded 424 times since July 9th, and blockchain_wallet was downloaded 423 times since July 10th, when the libraries were first uploaded.

Cryptojacking software is designed to illicitly mine cryptocurrencies on the unsuspecting user’s computer and send them back to the mastermind of the operation. Traditionally, Monero is the favored cryptocurrency as its anonymous. The RubyGems hack is the latest in a slew of crypto-mining hacks. Just last week, Varonis Security Research discovered a new type of crypto-mining malware—which for some reason they called “Norman”—running on a company’s computer systems for over a year.

A recent report by Check Point Security noted that while cryptojacking is still popular, it’s on the decline. In the first half of last year, 42 percent of organizations worldwide had been infected by crypto-miners at some point. For the same period this year, just 26 percent.

Check Point says that the fall is probably down to the closure of crypto-jacking service Coinhive, which shut its doors in February. Now, crypto-jackers are looking to exploit cloud computing systems, which crypto-jacker researcher Troy Mursch says are the real moneymakers.

WhatsApp in Talks to Launch Crypto Mobile Payments in Indonesia 10457

Indonesia

Facebook Inc’s messaging service WhatsApp is in talks with multiple Indonesian digital payment firms to offer their mobile transaction services, in a bid to tap the nation’s fast growing e-commerce sector, people familiar with the matter said. Indonesia could become the second country worldwide where WhatsApp introduces such services, as it awaits regulatory approval from India, its biggest market by users, that has been delayed due to local data storage rules.

But unlike in India where it plans to offer direct peer-to-peer payment services, WhatsApp will simply serve as a platform in Indonesia supporting payments via local digital wallets due to tough licensing regulations, the sources told Reuters.

The Indonesia model could become a template for Whatsapp to adopt in other emerging markets to get around regulations on foreign players creating their own digital wallets, the sources said.

Indonesia, home to 260 million people and Southeast Asia’s largest economy, is one of the top-five markets globally for Whatsapp, with over 100 million users.

The nation is set to see its e-commerce industry tripling to $100 billion by 2025, according to some estimates, but it also has some of the region’s strictest digital payments regulations.

WhatsApp is in advanced talks with several digital payments firms including ride hailer Go-Jek, mobile payments firm DANA, backed by China’s Ant Financial, and fintech startup OVO, which is owned by Indonesian conglomerate Lippo Group and is also backed by ride hailing company Grab, the sources said.

Deals with the three firms are expected to be finalised shortly, the people said, declining to be named as the talks are private.

WhatsApp has also approached state-owned Bank Mandiri (BMRI.JK), which operates a digital wallet, they said.

The Indonesia plan comes after Facebook CEO Mark Zuckerberg announced earlier this year that it would be rolling out WhatsApp payments to “some countries”.

“As Mark has said earlier this year… we are looking to bring digital payments to more countries,” a Facebook spokeswoman told Reuters.

“WhatsApp is in conversations with financial partners in Indonesia about payments, however the discussions are in early stages and we do not have anything further to share at this stage.”

Go-Jek declined to comment. DANA, OVO and Bank Mandiri did not immediately respond to requests for comments.

A spokeswoman for the Mandiri-backed e-wallet LinkAja said she could not confirm any talks with WhatsApp.

EPAM Joins Blockchain in Transport Alliance, the World’s Largest Commercial Blockchain Association 10287

EPAM Systems, Inc., a leading global provider of digital platform engineering and software development services, today announced that it has joined the Blockchain in Transport Alliance (BiTA). BiTA is the largest commercial blockchain alliance in the world and develops blockchain best practices and standards in the transportation, logistics and supply chain industry. As one of BiTA’s member organizations, EPAM will leverage its software engineering expertise to help the alliance drive standards and enable blockchain technology adoption.

“With all the buzz and hype in the market, some companies assume that blockchain is the ultimate be-all, end-all solution for any business challenge. At EPAM, we’re working closely with our customers to help them truly understand how they can utilize distributed ledger technology, in combination with our other solution offerings, to increase efficiency and unlock new business models,” said Jitin Agarwal, VP, Enterprise Products, EPAM. “With over 25 years of software engineering expertise, we’ve helped our customers through each wave of technology change, and we’re excited to work with BiTA and other industry partners to help our clients navigate this emerging technology and realize the real business benefits of blockchain.”

EPAM has identified 21 blockchain use cases across six industries, including agriculture, consumer packaged goods, manufacturing and retail, insurance, healthcare, life sciences and transportation and logistics. With over 30 engagements and 15 working prototypes, EPAM helps its customers create enterprise blockchain solutions from scratch and integrate enterprise IT ecosystems to external blockchains, resulting in increased traceability and greater customer trust and engagement.

“On behalf of the members of BiTA, I welcome EPAM Systems to the Alliance,” said BiTA President Patrick Duffy. “EPAM’s real-world blockchain expertise will be valuable as the organization moves forward in its development of additional standards for the global transportation marketplace.”

Digix partners with UK-based Visa Debit Card Provider, Monolith, and international blockchain organization, MakerDAO, to expand its e-payment solution 10360

Monolith

London-based Monolith announces its partnership with international asset-based Decentralised Finance (DeFi) companies Digix and MakerDAO, to make their tokens loadable on the Monolith Visa debit card.

Taking Decentralised Finance mainstream with Monolith’s Visa debit card

As part of driving the everyday adoption of digital currencies in e-payments, the Monolith team is partnering with international blockchain companies MakerDAO and Digix to bring their respective digital currencies to the Monolith Platform.

Starting from the 15th of August 2019, users who sign up for Monolith will also be able to load their Monolith Visa debit cards with MakerDAO and Digix’s digital currencies through the Monolith mobile app. These currencies can be used for everyday transactions such as paying bills, purchasing goods or even to send and receive money.

Digix is the world’s first smart-asset company using blockchain that accounts for the authentication and provenance of 99.99% investment-grade gold bullions. Every DGX token represents 1 gram of gold that is stored in accredited precious metals vaults in Singapore and Canada. Retail investors holding DGX tokens can exchange their token back at Digix to redeem the physical investment-grade gold bullion.

To mark their partnership with Monolith, Digix is offering the first 1,000 users who activate their Monolith Card 0.1g of Gold in DGX tokens credited to their Monolith Wallet.

Raising the growth and applicability of Decentralised Finance internationally

The decentralized finance space has seen greater attention in 2019 with larger institutions seeing the potential for blockchain in payment processing. Monolith’s announcement comes at a time where prominent institutions such as Visa, J.P Morgan Chase, and Facebook have delved into blockchain-based projects of their own.

Through the Monolith platform and debit card which allows for usage anywhere that accepts Visa, European and London-based retail investors of Digix’s digital assets can now use DGX tokens for everyday purchases. With the credence of connecting with anywhere that accepts Visa, more blockchain-based companies like Digix can integrate their e-payment options to better serve everyday consumers.

“We’re thrilled to have had a fantastic response from our beta users and are now ramping up for growth. Rebranding to Monolith helps us achieve our mission of democratizing finance and bringing the Token economy to everyone while providing a unique service to our customers,” Mel Gelderman, CEO of Monolith said.

“MakerDAO and Digix are some of the most well-recognized and earliest Ethereum-based projects. For TKN holders, these partnerships mean that DAI, DGD, and DGX are now eligible for usage in the TKN Asset Contract. We’re thrilled to offer them on Monolith, and see this as the start of bringing many more quality tokens into the Monolith ecosystem. Watch this space.” he added.

Monolith’s solution provides a powerful way for token holders to extend the usefulness of their crypto-holdings,” said Rune Christensen, CEO, and Cofounder of MakerDAO. “Their cards create a critical bridge from the world of DeFi to the more traditional world of retail.

“Monolith is a pioneer in the space of cryptocurrency cards. This partnership is driven by a common mission with Monolith to democratize access to cryptos to the majority, and increase the utility of blockchain assets, allowing blockchain assets to permeate into everyone’s daily lives.” Kai C. Chng, CEO of Digix said.


About Monolith

Monolith is a London-based banking alternative powered by Ethereum. Established in 2016, Monolith aims to bring the Ethereum economy to the real world.

Available on the App Store (iOS with Android to come), Monolith allows you to securely store ETH and ERC-20 tokens in your own decentralized Contract Wallet. You can then exchange them to fiat and preload them to your Monolith Visa debit card.

The Monolith token, TKN, gives community members a chance to share in the success of the Monolith card and is backed by a basket of Ethereum tokens that people use to pay for everyday purchases.

Find out more at https://monolith.xyz/

Kelly Services Enters Public Blockchain Arena, Partners With Online Hiring Platform 11127

Stablecoins

An increasing number of mainstream giants have taken the plunge into the blockchain world over the past two years. Players such as Walmart and Facebook have shown interest in the technology to improve areas like supply chain and value transfer. Staffing giant Kelly Services has joined online hiring platform Moonlighting to bring blockchain to human capital.

Kelly has announced “a strategic partnership between Kelly Services and Moonlighting,” John Healy, vice president and managing director for the Office of the Future of Work, “an organization within Kelly [Services],” said to me in an interview.

“Kelly’s innovation fund and our Office of the Future of Work, together, are coming together with Jeff [Tennery] and Moonlighting to form this,” Healy said. “A big part of it is the aspect that Moonlighting has made a commitment to using blockchain as a foundation for what they’re doing with their platform as they move forward,” he added. “We think that [there are] some pretty significant market opportunities that are going to come as a result of that.” The Moonlighting platform is based on EOSIO’s public blockchain, with no crypto asset involved, Moonlighting CEO and founder Jeff Tennery clarified to me in an email.

In the hiring world, job seeking and freelancing can be difficult and redundant in the sense that such parties may need to upload their skills, profiles and information to many different platforms and websites in an attempt to gain job exposure. This can be time consuming. Blockchain may hold the keys to smoothing out the process, as well as adding elements of decentralization and security to the mix.