Latest Manufacturing News

  • Chinese city seeks to power urban governance and more using blockchain tech
    Chinese city seeks to power urban governance and more using blockchain tech
    30 new blockchain adoption applications will be considered as part of the city's two-year plan. Authorities in Chengdu, China plan to adopt blockchain for several use cases throughout the city, including urban governance, cross-border trade, smart manufacturing, and agriculture. During the 2020 Chengdu Global Innovation and Entrepreneurship Fair, the city's first International Blockchain Industry Expo, Lu Tiecheng, secretary of the Party Group of the Chengdu New Economy Committee, released the "Chengdu Blockchain Application Scenario Supply Action Plan." According to a local media outlet, Red Star News, this plan will allow blockchain adoption applications to be submitted by contributors in a variety of fields such as education, healthcare, financial services, and intellectual property.
  • Blockchain is still far from maturity, says China’s former IT minister
    Blockchain is still far from maturity, says China’s former IT minister
    He doesn't seem to think China is that far ahead of the USA when it comes to blockchain development — at least for now. Wu Zhongze, China's former vice-minister for Science and Technology and a well-known digital economics expert, believes that blockchain technology is still quite young. During an interview with The Paper, the former IT minister also stated that there was still “not much difference between where China and leading economies such as the United States and Europe” stand in terms of developing blockchain-based ecosystems. Wu noted, however, that China has improved across a number of sectors that are necessary for blockchain development, including hardware manufacturing, platform and security services, industry investment, and financial development, adding: "With the innovative development of blockchain technology and industry, its application is accelerating, and the scale of the industry continues to increase.
  • IoT Startup Helium Floats New Hardware Device for Mining Its HNT Crypto Tokens
    IoT Startup Helium Floats New Hardware Device for Mining Its HNT Crypto Tokens
    Helium is hoping a new manufacturing deal with RAK Wireless will help the crypto-powered IoT network expand its reach.
  • South Australian food and wine tracing platform teams up with Hedera
    South Australian food and wine tracing platform teams up with Hedera
    The Australian government-backed supply chain traceability platform Entrust is launching on Hedera Hashgraph. The Australian government-backed agricultural supply chain platform Entrust has announced it will operate on Hedera Hashgraph — a distributed ledger platform claiming a transactional throughput of 10,000 transactions per second. South Australia’s premier, Steven Marshall, officially launched Entrust on September 20, describing the platform’s initial focus as protecting the wine and dairy manufacturing industries from counterfeit fraud in the global markets, and driving efficiency savings across agricultural sectors. Entrust is a software-as-a-service platform that tracks the movement of primary products (such as wine grapes) across the local agricultural supply chain, as well as the supply chain of the secondary manufactured products (in this case, the wine itself.) Geolocation, time-stamping, and other key data is immutably recorded to Hedera Hashgraph, and is accessible via web browser or mobile application. The beta platform is currently being trialed by more than a dozen companies based in South Australia’s Clare Valley wine region, and is tracking the movement of more than 250,000 liters of wine.
  • Elon Musk Confirms Russian Bitcoin Ransomware Attack Targeting Tesla, FBI to the Rescue
    Elon Musk Confirms Russian Bitcoin Ransomware Attack Targeting Tesla, FBI to the Rescue
    Elon Musk confirmed that Tesla was recently targeted in a ransomware attack set to extort $1 million in Bitcoin from the car manufacturing giant.
  • VeChain Launches Blockchain-enabled Sustainability Solution
    VeChain Launches Blockchain-enabled Sustainability Solution
    Companies using the solution may even cut costs. VeChain launched its blockchain-enabled sustainability solution aimed towards companies looking to digitize their sustainable practices.  Part of its blockchain-as-a-service platform ToolChain, VeChain promises the solution can streamline sustainable practices during the supply chain and manufacturing process and also showcase these practices to third parties like regulators. VeChain said the tool provides immutable proof of a green supply chain and can cover different stages of manufacturing.
  • Chinese State Grid Launches Blockchain-Based Blackout Insurance Policy
    Chinese State Grid Launches Blockchain-Based Blackout Insurance Policy
    Zhejiang province issued its first blackout insurance policy backed by a blockchain platform. A branch of China’s state-backed grid released its first blockchain-powered blackout insurance policy issued to the chairman of a local company that needed to compensate for a power outage loss suffered recently. According to Shupeidian, Zhejiang Ningbo Power Supply Company, in partnership with Yingda Taihe Property Insurance Co., Ltd., released the policy to a sprinkler manufacturing company in Ningbo, Zhejiang province. Both companies believe that the process of issuing insurance via a blockchain network provides a commercial solution to compensate for the loss caused by an electric outage in a faster and expedited way. Sharing data between parties involved through blockchain The system relies on the distributed storage of blockchain data.
  • Ransomware Threatens Production of 300 Ventilators Per Day
    Ransomware Threatens Production of 300 Ventilators Per Day
    The DoppelPaymer gang deployed a ransomware attack against ventilator manufacturer Boyce Technologies amid the COVID-19 pandemic. The FDA-approved Coronavirus ventilator manufacturer Boyce Technologies has been targeted by ransomware launched by the DoppelPaymer gang, who are  threatening to leak data from the company. Cointelegraph has viewed the DoppelPaymer blog, where the gang lists example files of the data stolen during the attack, including sales and purchase orders, assignment forms, among others. The cybercriminals have threatened that more information will be disclosed next week through the site if an undisclosed crypto ransom is not paid by the firm. Boyce Technologies is well-known for its work in designing and manufacturing FDA-approved low-cost ventilators in just 30 days during the first months of the COVID-19 pandemic, amid the big demand for the machines across New York hospitals. Prior to the attack the company was making 300 units a day with the help of the robots built by the company. Healthcare sector under threat despite COVID-19 pandemic Speaking with Cointelegraph, Brett Callow, threat analyst and ransomware expert at malware lab, Emsisoft, warns that such attacks on hospitals, medical testing labs, and medical device manufacturers may not only cost money, “they may cost lives as well.” He adds: “Unfortunately, ransomware will continue to be a problem for as long as ransoms continue to be paid, and this is something organizations should keep this in mind.
  • Leadership Feud at Bitmain: 10,000 Antminers Go Missing in Inner Mongolia
    Leadership Feud at Bitmain: 10,000 Antminers Go Missing in Inner Mongolia
    Reports detail that 10,000 Antiminers have been allegedly stolen from a Bitmain facility in China.