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There are currently more than US$461 billion worth of fake goods circulating around the globe. This problem is especially pertinent in China, where fake pharmaceutical drugs have infiltrated and plagued the market in a big way. Back in 2008, over 300,000 babies fell victim to adulterated food items which, upon investigation, were found to have been laced with a chemical called melamine. WaBi is a digital cryptocurrency that incorporates a customized Walimai module. As a result, it is able to serve as an anti-counterfeit system by keeping an accurate tab on product sales and similar market data. To further expand on
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On Friday, February 9, I had the opportunity to attend a cryptocurrency talk hosted by my school’s computer science club. This event was just one of a plethora of talks that have been taking place at colleges and universities throughout the world. My college can best be described as a private, liberal arts college in the US with a student body of just under 1,500. The Computer Science department is made up of only four professors and a few dozen CS majors. While the school certainly doesn’t resemble Berkeley or New York University, it is worthwhile to recognize the growth of cryptocurrency taking place everywhere
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In a market dominated by lofty ideas and little in the way of concrete development, it’s easy to overlook the more grounded projects, those that are actively working towards and already providing real-world solutions. However, there are a number of projects that are actively providing a product to consumers every day. Here are five that deserve some attention: LBRY Credits (LBC) LBC powers a decentralized media platform branded as a YouTube-killer. Using this platform, content creators and viewers are connected on an interface that allows content to be shared for free or for a price determined by the creator. Viewers can also
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