Venture Block and ISBC partnership to combat rampant counterfeiting in RFID products through added security layers aided by blockchain technology.
SINGAPORE , Oct. 13, 2021 /PRNewswire/ -- Venture Block Pte. Ltd has partnered with RFID tech company ISBC Innovations (ISBC), based in Singapore to provide blockchain solutions to radio-frequency identification card products. This marks a milestone achievement for Venture Block in its push to expand its blockchain solutions to various industries in Southeast Asia .
Venture Block offers blockchain software solutions mainly targeting the financial and technology industries. Through the ISBC partnership, Venture Block aims to use its expertise in blockchain technology to enhance the products of ISBC.
"Blockchain has tremendous potential in improving our current processes and products," says Nikita Kozhemiakin, Managing Director for ISBC Group. "Through our partnerships with Venture Block, we are looking forward to greatly enhancing the security and reliability of our products minimizing threats such as counterfeiting."
Easily verifiable security for RFID products
The ISBC manufactures patented RFID paper products, access control, multifunctional wearables and security systems. The biggest security challenge it faces is counterfeiting and current anti-counterfeiting solutions on the market have been fallible due to reliance on centralised systems to verify authenticity.
Venture Block seeks to eliminate these challenges by adding RFID smart paper security hangtags, labels, and certificates that are verified through blockchain technology, a decentralised system, to provide an additional layer of security that is easily verifiable.
Drawing from in-depth industry knowledge and understanding the specific needs of clients, Venture Block is working on developing near-field communication (NFC) software platform for ISBC's RFID Smart Paper products that provide unique URLs and identification codes that cannot be copied or reproduced.
A blockchain-based solution will also fortify the integrity of the RFIDs and provide other benefits integration to match an authenticated physical object with a digital blockchain asset, among many others.
Venture Block to apply blockchain solutions to other Singaporean industries
Having recently opened its doors in Singapore in March earlier this year, Venture Block is poised to expand even more and leverage Singapore's local talent pool to not only provide a variety of solutions but also forge more partnerships with the region's top companies.
"We've just scratched the surface of what we can do with blockchain technology. The more companies realize how this software solution can impact their growth, the faster we can come up with entirely new and better ways to improve our lives with this technology," said Daniel Mackle , Founder of Venture Block.
For more information, please visit https://vblock.network/.
Venture Block Pte. Ltd. is a Singapore -based consultancy firm and software solutions provider specialising in the use of blockchain technology. It provides digital marketing consultation, marketing and blockchain integration plans, and marketing strategies for companies in the financial services and banking sector, fintech, and blockchain.
ISBC Innovations (ISBC), a leading smart card and RFID manufacturer in Russia , is an international brand with 19 years of experience in development and production of RFID-based products. With products currently utilised by over 50 million people worldwide, ISBC continues to invest in the development and patenting of unique RFID & IoT products. Partnering with market leaders such as NXP, HP, Dupont, MasterCard, SAPPI and VISA, ISBC develops products across various industries namely in the financial payment, security, transportation, brand protection, logistics and supply chain sectors.
SOURCE Venture Block Pte. Ltd
Anyone positioning their portfolio for a recession could be making a big mistake.
“We are exiting that regime, and it’s going to be bumpy,” said the famous Fed watcher Mohamed El-Erian of the world where central banks let the money flow.
The Bitcoin carnage continues, as the cryptocurrency breaks $20,000 to trade at its lowest level since 2020.
Bitcoin’s price fell well below $19,783, the previous all-time high it notched in December 2017.
When Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett speaks, Wall Street and investors wisely pay close attention. While riding Buffett's coattails has been a moneymaking strategy for decades, it's equally important to take note of the stocks that the world's most successful investor and his investing team are selling or avoiding. Thus far in 2022, Warren Buffett has overseen the aggressive selling of the following five stocks.
Inside Boeing’s cavernous factory at Everett, 30 miles north of Seattle, engineers quietly put the final touches to its new Jumbo Jet.
Already, very early signs of slowing demand and inflation are cropping up. If the economy averts all-out disaster, then stabilizing or declining rates would spur a market rebound.
THE MONEYIST Dear Quentin, My boyfriend and I have been together seven years, and in that time I bought a house. I used my own savings and spent about $10,000 on renovations. My house is a three-bedroom family home, and the tenants cover most of my mortgage.
AMD and Nvidia have been swallowed up in the bear market, with each stock declining at least 50%. Here's how to trade them now.
President Joe Biden and a slew of other democrats have been lashing out against Big Oil, accusing the companies of price gouging
With investors worldwide looking at a $1.5 trillion in recent cryptocurrency losses, a blizzard of class-action lawsuits are being prepared. One big question is: who, if anyone, is to blame ?
Remember TINA? She’s the one everyone was talking about for the past few years, when it came to buying stocks. ‘There is no alternative,’ they said – pointing out that the near-zero interest rate policy has pushed bond yields down to nothing, and that the housing crisis of 2008 had left investors wary of the real estate market – and stocks were the highest returning game in town. Not anymore. The Federal Reserve has just cracked the whip on rate hikes, implementing a 0.75% increase to the benchm
Retail stocks have taken a beating, but inflation, supply chain woes, and other cost concerns don't tell the full story.
Yahoo Finance's Alexis Keenan explains a lawsuit levied against Tesla, SpaceX, and Elon Musk alleging dogecoin scheme.
While many taxpayers dread tax filing season, Americans living abroad face even bigger yearly burdens and those are so frustrating that some want to ditch their U.S. citizenship.
Since hitting their all-time closing highs, the widely followed Dow Jones Industrial Average, benchmark S&P 500, and growth stock-fueled Nasdaq Composite (NASDAQINDEX: ^IXIC) have respectively tumbled by 17%, 22%, and 33%. There's no question that the velocity and unpredictability of downward moves during a bear market can weigh on investors' psyche. This makes corrections and bear markets the opportune time to put your money to work.
Bank stocks are dirt-cheap right now, and Citi in particular looks like a bargain. Watch the Fed’s stress-test results—and Warren Buffett’s purchases—to see what might be in store.
Casinos on cruise ships have offered slot machines, table games, and more, but sports betting has generally not been part of the offering. Royal Caribbean used to offer limited sports betting on some ships before the pandemic, but it was generally just win/loss bets against the line on big games (and it does not appear to have been brought back). Enter Carnival Corp. and MGM Resorts International's BetMGM , which on June 17 said they'd partnered to offer retail and mobile sports betting and iGaming on Carnival cruises.
(Bloomberg) -- Most Read from BloombergChina Says It May Have Detected Signals From Alien CivilizationsMusk, Tesla, SpaceX Are Sued for Alleged Dogecoin Pyramid Scheme'Drip Pricing' Is Turning Checkout Into a Nasty SurpriseUS Equities End Turbulent Week With a Modest Gain: Markets WrapBiden Signals US Can Avert Recession But Americans Are ‘Really Down’With crypto prices tumbling precipitously, traders have begun increasingly turning against one another to eke out ever-elusive profits.Many shark
Warren Buffett is one of the all-time greats when it comes to finding winning investments in challenging markets. Through recessions, periods of high inflation, wars, pandemics, and other tough market conditions, the Oracle of Omaha has guided his conglomerate Berkshire Hathaway -- and its impressive stock portfolio -- to market-crushing performances, and inspired generations of analysts and investors along the way. With a nod to Buffett's incredible track record, three Motley Fool contributors have singled out a few stocks in the Berkshire Hathaway portfolio that they think look like great buys in this wild market.