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📰 News
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NEN Partners With LTO Network to Issue Instantly Verifiable Blockchain Certificates

  • Alex Dovbnya
    📰 News

    From now on, the Netherlands Standardization Institute (NEN) will store its certificates on LTO’s Blockchain instead of relying on a standardized database


NEN Partners With LTO Network to Issue Instantly Verifiable Blockchain Certificates

Standardization Organization NEN has joined forces with fellow Dutch company LTO Network to launch an innovative system for verifying certificates. The solution will include a scannable QR code that enables certificates to be checked in real-time to determine that they belong to the individual or institution in question.

The collaboration between the Dutch companies marks the latest real-world application for blockchain technology, which has shrugged off much of the hype that has enshrouded it in the past. Prediction markets, verification services, and timestamping are among the many applications now being found for distributed ledger technology. From access management to identity, the number of enterprise applications for blockchain technology continues to grow, with major players including Microsoft joining the fray.

NEN, which was founded in 1916 by the Netherlands Society for Industry and Trade, is a non-profit that promotes the use of industry standards within the trade and industry sector. It serves as the Dutch member body for the International Organization for Standardization (ISO), which produces documentation to advance the consistent implementation of industry standards with a view to ensuring that “materials, products, processes and services are fit for their purpose.”

Increasing trust through transparency

Up until now, the certificates NEN issues have been stored on a centralized database. In transitioning to a blockchain-based system, the organization hopes to eliminate the single point of failure this presents, and to increase transparency. Allowing users to verify the status of certificates through scanning a smart QR code enables spot checks to be performed by anyone, with faith in the validity of the outcome produced.

“Innovation is of paramount importance to NEN,” said Harmen Willemse, a standardization consultant at the Dutch non-profit. The collaboration with LTO Network “shows that we are constantly working to improve our services with regard to the application of standards, so as to remain relevant,” he added.

LTO Network is a GDPR compliant blockchain network that is focused on enterprise adoption. Its proof engine enables businesses to secure their data and to demonstrate that it has not been manipulated. An API enables LTO’s hybrid blockchain solution to be integrated into existing IT infrastructure. The Dutch blockchain company has also created a decentralized workflow engine that enables organizations to work efficiently on tech projects.

The system that NEN and LTO have devised will see certificates hashed and linked to a smart QR code before being stored on the blockchain. This will protect data privacy while enabling anyone to check the validity and owner of a particular certificate. Any time a certificate is updated, it will be rerecorded and hashed and a new instance uploaded with a corresponding QR code. The first blockchain-based certificates from NEN are scheduled to go live in Q4 2019.

Cover image via www.123rf.com
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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📈 Price Predictions
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XRP Price On The Verge Of Breakout? Twitter Users Expect XRP Hit $1 This Year

  • Vera Yurina
    📈 Price Predictions

    Can Ripple touch the $1 level this year? Check out interesting opinions and XRP price predictions from Twitter users


XRP Price On The Verge Of Breakout? Twitter Users Expect XRP Hit $1 This Year

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Failing to sustain high price level, XRP is keeping around $0.30. It might seem that Ripple’s XRP stands still all the time, but Twitter users have the opposite opinion. They are sure that big changes are coming, and XRP is simply accumulating power for the price to explode. Can Ripple go to the moon in 2019? What will drive its overwhelming growth? Check out XRP price predictions from Twitter users. 

The history repeats

According to the long-term price charts, Ripple might be repeating its history, and the scenario of 2019 can actualize this year, too:

If XRP breaks out of the current resistance zones, its growth would exceed $1 easily. Some traders are sure it has enough potential to touch the $5 level, too.

Are there any certain triggers of XRP growth? There’s a bunch of theories. One of them claims that Ripple will burn its immense reserves of XRP for its price to rocket:

Although the petition is started, Ripple Labs itself does not plan to burn its tokens – it might have too serious outcomes. 

Card

 Here is the golden section pattern that proves XRP might soar:

However, it’s simply an amateur approach: what works with fiats might not work with altcoins at all. 

Better make mid- and short-term predictions based on traditional technicals, such as Fib levels:

XRP won’t grow overnight 

The short-term XRP price predictions are positive:

But simple moves to $0.4-0.5 won’t make any serious difference. As for higher XRP levels, there is no 100% confidence that we can reach them in 2019.

Don’t rush to the conclusions

All in all, time will show whether Ripple is able of groundbreaking moves. Right now, there are no signs of Ripple going to the ceiling. As one Twitter user ironically noticed, Ripple will discuss how liquidity has changed before they know the numbers:

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Has #XRPArmy Turned Against Ripple? Not Really

Has #XRPArmy Turned Against Ripple? Not Really

The XRP conspiracy theory

This post simply could not stay unnoticed:

What we are witnessing now is how Ripple Labs manipulates its XRP stocks and buys/sells XRP in large amounts to shift the value of the coin. Will their efforts turn out to be fruitful? 

For some reason, XRP gets more attractive for other blockchains’ representatives:

Seems like they know something usual traders aren’t aware of. Does it mean Ripple is preparing for a major breakout? Everything is possible.

Meanwhile, Ripple’s bottom levels keep growing from year to year:

Thus, Ripple Labs keeps actualizing its plans, even though slowly. So even if it’s a non-profitable variant for shorts, it must be a great choice for long-term investors. Patience is the key. 

Cover image via 123rf.com
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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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