Countering SIM swap, combating unemployment and other blockchain initiatives

Distributed ledger technology remains one of the hottest trends among financial,government and commercial organizations worldwide. ForkLog Magazine offers an overview of the most interesting initiatives of the past week.

In South Africa, they expect that blockchain will help reduce unemployment

Commission for the Fourth Industrial Revolution atThe President of the Republic of South Africa believes that blockchain technology and artificial intelligence will help reduce unemployment in the country. It is reported by Cointelegraph.

According to Commissioner Mfo Dagad, South Africa must decidetwo serious problems: reduce unemployment and increase GDP. This requires increased economic activity and distributed registry technology can help.

The basis of the country's economy is miningmineral. The use of blockchain in the mining industry will ensure data transparency, contribute to the fight against corruption and provide access to markets, according to the commission.

Renewable Energy Blockchain Pilot Program Launches In Germany

Energy company Wasserkraft Mittelrheinannounced a partnership with blockchain solutions provider Unibright. The purpose of the cooperation is to ensure the possibility of a decentralized trade in electricity from renewable sources.

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Unibright provides a DLT platform where small-scale electricity producers interact directly with consumers.

Wasserkraft Mittelrhein intends to produceelectricity through river turbines - small floating hydropower plants. One unit weighing more than 7 tons and a length of about 11 meters is able to meet the energy needs of 100 households.

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Currently, the company has installed onea turbine on the Rhine, mainly for collecting data on the flow of the river, as well as demonstrating to the regulatory authorities the environmental sustainability and reliability of the structure.

In total, within the framework of the Stromboje project, the company plans to use 16 river turbines with a total capacity of 6.4 million kWh of electricity per year.

Standard Chartered Joins IBM and Maersk Blockchain Platform

The international bank Standard Chartered has become a new member of the TradeLens blockchain platform, created by the technology giant IBM and the largest container carrier Maersk.

Launched in January 2018, TradeLens aims to modernize the ecosystem of global supply chains with a special focus on container shipping and logistics.

"By joining TradeLens, Standard Chartered will be able to instantly verify the authenticity of shipments in real-time, leveraging the platform's extensive information on the exchange of data and documents between the network of organizations involved in the shipment,"- says the press release.

The TradeLens ecosystem has more than 150 participants, including more than 100 ports, over 20 sea carriers and a dozen government departments in different countries.

NEM Blockchain Helps Enhance Mobile Phone Security

One of the oldest NEM blockchain networks concludeda partnership agreement with the Israeli-Lithuanian startup FIX Network in order to increase the security of mobile phone user data and to solve the problem of SIM card swapping.

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FIX Network integrates SYMBOL enterprise-level blockchain from the NEM ecosystem into its existing infrastructure. The solution is designed to protect 8 billion SIM cards worldwide from cybercriminals.

FIX Network Architecture Provides Securestorage of private keys on SIM-cards of subscribers. This allows mobile operators to provide services such as digital identity management, cryptocurrency wallets and personal data firewalls.

ForkLog also wrote this week:

Boeing uses blockchain to track and sell parts for $ 1 billion

China is testing a blockchain platform to combat tax fraudsters

Japan has developed a platform for tokenizing empty houses in rural areas

Figure Technologies startup is the first to blockchain securitization