[ad_1]
{"Theme" :, "direction" "dark": "horizontal", "showArrows": true, "splitTitle": true, "playerOptions": {"entries": true, "popupOnScroll": true, "subscribe": {"title": "Subscribe", "url": "https://www.youtube.com/channel/UCKvc0WUB65GCvOTgPVJ9yRA?sub_confirmation=1", "visibleOnMain": true, "visibleOnPopup": true}}, "active" : {"index": 0, "start": 52, "end": null, "inch": "https://d1ic4altzx8ueg.cloudfront.net/finder-au/wp-uploads/2018/10/Fred-Variant -9.jpg "," thumbAnimation ":" kenburns-top-right "," heading ": {" small ":" WATCH "," large ":" Craig Wright exclusive interivew, Bitcoin SV, Metanet and nChain.
"}}," Yt ": {" method ":" playlistItems "," params ": {" playlistId ":" PLUrt4pAH4g29Uw8QifHtSvvdWuFtDmz6V "," type ":" video "," part ":" fragment, id, contentDetails "} }, "banner": true}
What if there was an immutable, tamper-proof counterpart in the physical world?
The supply chain solutions are one of the most obvious applications of blockchain technology, and has become the first point of reference for a number of companies that aim to penetrate into the blockchain space in a profound and lasting way.
Some of IBM's major blockchain flagships are focused on supply chains, Citizens Reserve started with "supply chain as a service" in its goal of blocking only one sector at a time, and the World Trade Organization is eager to see the blockchain take off. Meanwhile, blockchain supply chain solutions can quickly save lives in areas such as food safety and pharmaceutical monitoring.
Overall, blockchain solutions are widely considered to be the knees of bees in the context of the reinvention of supply chains and the monitoring of their entire life cycle. But stumbling blocks remain.
For example, that the truthfulness of a blockchain is only as valid as the data entering. A blockchain could be immutable and tamper-proof, but if you still manage to get confused with your data inputs, it's not actually tamper-proof. In this sense there are tremendous advantages in being able to trace the products themselves throughout the entire life cycle, rather than keeping track of a series of RFID tags or vehicle GPS signals.
One could also say that there is not much chemistry between the blockchain and the physical world. But if there could be?
Molecular blockchain
"I will not invest the dollars invested in me in building blockchain systems," Haggai Alon said flatly. "Our model is not to create our blockchain monster, other companies are doing it better than us."
Haggai Alon is the CEO of Security Matters, an Israeli-listed ASX company that speaks more of molecular engineering than blockchain engineering.
Security Matters aims to create a uniquely identifiable chemical barcode system. It is based on a method developed by the Government of Israel over the past decade or so, Alon explained. He acquired the license to bring it to the market. The idea is that the Security Matters chemists create uniquely identifiable molecular combinations that can be cooked in anything and then read with portable devices. This data is executed through Security Matters software and IT systems and can then be deployed on the blockchain systems created by Security Matters blockchain partners.
Alon was not willing to say who exactly those blockchain partners were, but he stressed that the blockchain side of the Security Quest solution is coming from a "big player" from the established technology industry, rather than being a blockchain or a specific startup for cryptocurrency.
The reason why the blockchain, says Alon, basically reduces to what the supply chain fabric will probably be in the future, so anyone looking at that space must start thinking about Blockchain now. And it looks good.
"We use blockchain for two reasons," said Alon. "A: Promote the ability of customers to be leaders and innovators in their segments.We are a bit like an external internal means to push the technology and make it adopt faster.B: We use it as a means to enable the technology must be a dominant technology on the supply chain, on integrity and on everything related to supply chain responsibility ".
Work is currently underway on Ethereum, mainly because it is popular and widely used enough that developments on Ethereum can be transferred to other protocols where necessary. This could be essential for a company like Security Quest that aims to work accurately on any type of customer need, which could include creating a solution for a specific blockchain.
"The good thing about Ethereum can very easily converge in all the other registries," Alon said. "A bit like a basic ledger that's very easy to transform, because we do not plan to dictate to our customers what kind of platform to use … Ethereum was a good foundation to work on".
Is the customer always right
In addition to taking into account the different preferences of customers in blockchain platforms, Security Matters wants to be extremely flexible in the types of chemical barcodes it creates. A customer may want something that can dissolve without leaving a trace, others may want something that is seen throughout the entire life cycle of a product, and what happens.
In the case of his work with the seed company of Hazera, for example, one of the main challenges was to create an identifier that would allow the tracking and identification of each seed, while being robust enough to remain with the seeds during shipping and other penalties, but then dissolve completely and safely after it has been planted without leaving traces, in line with regulatory requirements.
"You can not interfere with the growth process and the nutritive part of the seed, but the challenge has been to create a barcode that dissolves completely when the seed is sown," explains Alon. "Because so are the regulations and security protocols."
There is no "limit" to what can be done with these molecular combinations, emphasizes Alon. "Let the customer determine what his needs are … let the client guide us through it."
Most of the cases are not like Hazera, however, notes Alon, and on the whole expects more customers to want a signature that "not only stays for the entire shelf life, but for the entire life cycle of the propduct .
The place to stay
Different products and materials are subject to very different requirements and therefore require very different chemical barcodes. Ceramics, stone, metal, plastic, gas, chemicals of all kinds, cereals and other food products and so on – and all subsets of those types of materials – require a different chemical composition. The company is literally assembling new unique combinations of molecules to literally bake anything (within reasonable limits) that naturally requires a range of specialized skills, especially as security arguments will have to continue to make new ones.
"It is about the ability to create a flexible and different sequence of molecules," explains Alon. "You can imagine the DNA sequence – it's not what it is, but you can imagine what it is – to create a different sequence of molecules each time, which is built to adapt to the substrate, matter, regulations, security protocols, but above all the commercial process we are providing to customers. "
There is no possibility of remaining without unique combinations, however, assures Alon.
And even if initially it is difficult, because the team has its head around different sectors, the second time will be much faster and simpler to run certain materials, because there will be a modifiable model to work on, and will not need to build it entirely from zero.
The importance of building this molecular library is also one of the things that has brought security problems to Australia. He needed a country with a wide range of teeth-sharpening industries, and for that reason and others, Australia is in good standing.
"Israel is not a good ecosystem to grow technology," Alon noted. "Because Israel is very small and there is almost no basic manufacturing industry [or] processing and mining industry. Europe is multilingual and highly regulated, America is expensive and big … Australia, putting aside the distance that today is less of a problem, is a language, [has] rules that are very similar to the American regulations and in a country you get all the dimensions of the economy, from the minerals to the chemistry, from the processing to the finished product … all the segments. Australia is a perfect market for climbing technology. "
It helps "there are many experienced technology investors in Australia after the end of the mining boom," added Alon. Also, there are not too many places in the world of uranium mining, and it's probably a good idea to keep track of that stuff.
Finish doing things
Reading these molecular barcodes is also relatively easy, which was one of the key practical considerations behind Alon's decision to license the technology, and Security Matters authorized them along with the molecular signatures themselves.
"Readers are unique energy-based readers that are part of the X Band family … this is part of the technology we got the license for," he said. "The thing about them is that it can also be a handheld portable device, and it can be in any kind of commercial environment that makes it very attractive to any type of commercial application that's around."
"I'm not the inventor, but this is one of the things that convinced me to take this technology, because the limits and restrictions are quite non-existent and the reading is: it's pure science, it's stable, it works. that we can really do business if it is. "
And it will only be easier, says Alon. Creating the first unique barcodes for certain types of applications is extremely difficult, but the latter is much simpler. It is still very much in the neck of research and applied development of the woods that can make it difficult to predict the costs and time associated with creating specific signatures, but once Security Matters is over the hump it will be much easier to quickly turn customer requests and predictable .
If all goes well, within a year Security Quest will be able to accommodate a client and get a solution in a few months, says Alon, and the main part of this is teasing different materials and sectors.
"In part, it's really learning to do it in such a way that it adapts to customer regulations, safety standards, production protocols – creating efficiently – so when the solution is really implemented it's fast, very easy and efficient."
Milestones
There are some essential areas on which the security aspects want to enter, but they could include anything you can ever touch, starting from the heavy chemical roots of mass production, going to "anything related to any plastic product" "Including packaging and covering all industries, from agriculture to electronics.
Security issues are also paying attention to some specific use cases that could produce strong and relatively rapid results, such as "everything related to ethical extraction and conflict minerals".
To understand how much there is room for improvement, it is worth noting that at their peak it is estimated that diamonds accounted for about 15% of the world's supply, and that the number has diminished only because the wars have stops, not because the monitoring and the "conflict free" certification system worked particularly well. The smugglers were just wandering around smuggling diamonds to other diamond-producing countries where they would be mixed with the less bloody diamonds and would enter the economy.
The prevalence of conflict diamonds may depend more on the status of Central African policies than on any existing tracing system and, unless a completely new and much more effective system of identifying and tracing the origins of diamonds is developed, conflict diamonds they will not go anywhere.
From a strictly commercial point of view, this type of system could also be an important victory for the Australian diamond mining industry. For the prospect, it is worth noting that the Argyle mine accounts in Australia alone account for about 10% of the world's diamonds.
Conflicting diamonds invade markets with more products, undermining the reputation and revenue of the legitimate side of the polished rock industry. Certain diamonds without conflicts attract a prize, and the ability to verify that every single natural diamond in Australia was originally mined in Australia – no matter where in the world it goes – would be extremely valuable.
Similar performances can be applied to almost anything else. For example, by verifying that wagyu beef is actually a wagyu beef, that free-range eggs actually come from chickens on a specific farm, that the medication you are taking is a bargain or that your fake Rolex is a 100% guaranteed fake %.
And it's just scraping the surface. The idea is that anything physical – solid, liquid or gas – can be tested in every way imaginable. If you become creative – and many are – there are huge applications.
For example, creating a system to verify the legitimacy of physical IDs and paper documents. On 17 December, Security Quest signed an agreement with the German ID company Veridos to do exactly that, or by creating a system to trace the exact origin of the pollutants to prepare more effective responses or to trace the fabric used in the garments up to source for real insurance that you're not wearing slave labor, or as part of a profit sharing system that allows for seamless monetization of the trash itself, tracking things down as they are recycled as reused even if they are merged into the process.
This has many clear intersections with blockchain technology. On the most optimistic side, but certainly not proven, this type of molecular barcodes could be the immutable and tamper-proof physical counterpart that the blockchains were waiting for.
Disclaimer:
This information should not be interpreted as an approval of a cryptocurrency or a specific supplier,
service or offer. It is not a recommendation for trade. Cryptocurrencies are speculative, complex and
involve significant risks: they are highly volatile and sensitive to secondary activities. Performance
it is unpredictable and past performance is no guarantee of future performance. Consider yours
circumstances, and get their advice, before relying on this information. You should also check
the nature of any product or service (including legal status and relevant regulatory requirements)
and consult the relevant regulators' websites before making any decision. Finder, or the author, can
have participations in the cryptocurrencies discussed.
Crypto explained
{"Theme" :, "direction" "dark": "vertical", "showArrows": true, "playerOptions": {"entries": true, "popupOnScroll": true, "subscribe": {"title": " SUBSCRIBE "," url ":" https://www.youtube.com/c/cryptofinder?sub_confirmation=1 "," visibleOnMain ": true," visibleOnPopup ": true}}," active ": {" index ": null, "start": 0, "end": null, "inch": "", "thumbAnimation": "kenburns-upper right", "heading": null}, "yt": {"method": " playlistItems "," params ": {" playlistId ":" PLUrt4pAH4g28gehvPkL1VDHlNXR7zksYB "}}}
Latest news on cryptocurrency
Image: Shutterstock
