Bitcoin

Bitcoin Daily: Security Matters Seeks Blockchain Cannabis Tracker Patent; PwC Starts Taking Crypto Payments

Palestinian terrorist group Hamas uses bitcoin to raise money

Australian supply chain-focused blockchain technology company Security Matters has filed a patent application in the U.S. towards the marking, tracking and managing of the supply chain of cannabis plants, cannabis products and products containing cannabis-based ingredients.

The methods will be used for the company’s chemical solution for marking plants completed during any of the six stages of plant growth and cultivation, as well as directly to the seed before planting.

“The marking solution can be applied to the seed or plant via a coating, irrigation, and fertilization method and is used for product authentication, supervision and supply chain management of the plant and plant by-products,” the company said in a statement, according to ZDNet.

In other news, PwC Luxembourg announced that it will start accepting bitcoin payments from its clients on October 1.

“The development of blockchain technology, and the emergence of a new decentralized economy supported by the rise of crypto-assets, are heavily reliant on an individual’s ability to understand the disruptive and pervasive impact of these new concepts. Even more importantly, it depends on the ability of the ecosystem to move synchronously,” said John Parkhouse, territory senior partner and CEO of PwC Luxembourg. “Upskilling will be key, and the capacity to build and grow the ecosystem will be at least as important to harvest the true benefits of the technology. This is true whether it is about dramatic cost-saving through process streamlining, improvement of social capital due to new decentralized business models or by unlocking hidden-value currently stuck in the economy through tokenization.”

And Huobi Global is getting set to launch NODE, the native token of both Whole Network and its Acute Angle blockchain phone. As part of that launch, which will happen on September 11, Huobi will enable Huobi Token (HT) users to buy their own Acute Angle phones using Huobi Token.

“We think blockchain phones are a promising area for future blockchain industry development,” said Livio Weng, CEO of Huobi Global. “As the industry develops and as innovations like 5G become increasingly integrated into our telecommunications systems, we believe more and more crypto communities will want to trade and transact from mobile devices. Given this, the need for devices optimized for blockchain seems clear. This move is our first step to meet those users’ needs.”

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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