Category Archives: Christmas

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12 Days of Coinbase: What You Missed and What You Didn’t

12 Days of Coinbase: What You Missed and What You Didn't

December 21st marked the final episode of ’12 days of Coinbase giveaway‘. While some of the offers from the popular cryptocurrency exchange embodied the giving holiday spirit, others fell a little flat.

The highlights

There was a charitable undercurrent running through the giveaway, with Day 2 dedicated to a USD 10,000 donation in Zcash (ZEC) to impoverished families in Venezuela. As Bitcoin News previously reported, the South American country is struggling to handle major hyperinflation that has left many families unable to afford basic amenities. An increasing number of citizens are turning to cryptocurrencies as a store of value and a way to make charitable contributions.

Another USD 10,000 donation was made in Bitcoin (BTC) to support a project developing a basic income scheme for 150 Syrian refugees in Greece who are currently without access to the mainstream financial system.

Coinbase hit the mark with both days, using the event as a great way to draw attention to humanitarian efforts utilizing cryptocurrency, specifically through

Those ‘exclusive’ offers

Days 9 and 10 offered privileges for the more ‘exclusive’ Coinbase client. It was announced that Coinbase Pro members would be able to trade Dai (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL) within certain jurisdictions at least. Of course, the appeal is to draw more clients on to the Pro membership, but why not give all users a trial in the Christmas spirit?

An initiative called ‘Coinbase Earn’ was also detailed, which would allow users to ”earn cryptocurrencies while learning about them in a simple and engaging way.” Sound good? Well, unfortunately, this option is in the invite-only stage for the select few users they chose to reach out to via email.

The useful

Coinbase users in the US can benefit from several of the more practical new features added during the 12-day period. These benefits include being able to withdraw funds straight to their Paypal accounts, and use the e-gift card feature for Uber and Nike among other retail outlets, which were previously available to just the EU and UK members.

In all, Coinbase gave onlookers an entertaining diversion to follow and while some days may have lacked real substance, there is room for improvement for the coming year. Moreover, it was a nice gesture from the exchange at the very least.

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Blockchain Birds Are Coming This Thanksgiving, Complete With ID

This Thanksgiving, 600,000 turkeys in the US are being delivered with a difference, as blockchain technology lends a hand.

Americans eat an estimated six billion pounds of turkey meat each year according to the US National Turkey Federation. Thanks to the Honeysuckle White Traceability Program, some of the 45 million Turkeys eaten this Thanksgiving, and a further 22 million consumed over the festive season, will be delivered as fully traceable birds from pen to oven, courtesy of DLT.

The company responsible is Cargill, one of the nation’s biggest suppliers of turkeys, based in Minnesota and founded in 1865. This year, the company has decided to go hi-tech and utilize blockchain in order to trace its birds from 70 contracted individual family turkey farms in Missouri and Texas.

The new blockchain traceability program will track around 600,000 Honeysuckle white hens which will eventually find their way into major stores such as Walmart, Kroger, Safeway, and Amazon. To promote the programme, a TV ad will explain the process of tracking the turkeys. Cargill’s Debra Bauler explained:

“Each Honeysuckle White turkey will have an identification code, which can be entered into a website that will guide the consumer to the specific farm that raised that exact turkey… And from a technology perspective, it represents the complete digitalization of the supply chain. We feel that both are long-term competitive advantages for our product.”

The idea is to link consumers to the farmers that raised the birds in an attempt to set a precedent for the future in terms of supply chain transparency and supplier product accountability. Fox Business Network commentator suggests that using blockchain solutions for supply chain management in this way may well become the industry norm:

“The average consumer of tomorrow will come to expect that they have full access to where the wheat in their bread was grown, what were the conditions of the cow that provided the milk in their ice cream, and who picked the grapes in their glass of Pinot. The Honeysuckle White traceability program is a watershed moment in the retail food industry.”

Participating farmers have been highly motivated by the programme and suggest that projects such as this will equip consumers with another way of looking at the production of the food which arrives on their tables. Participating farmer Sharon Albertson, who’s been supplying Cargill with turkeys for over 20 years, maintains, “Now, consumers can see how hard we work and all the effort and care that goes into getting that bird to the Thanksgiving Day table.”

French supermarket chain Carrefour recently introduced blockchain technology into a data system allowing shoppers in Auvergne, Southern France, to get a full detailed history of chickens on sale in their stores. The system offers a record of the chickens’ life from egg to supermarket. Shoppers can use a smartphone to scan in a code on the packaging to obtain details on each stage of production, including origins, earlier location, feed and where the meat was finally processed.

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