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Ontology (ONT) to Enable Grocery Purchasing via High-End Blocery DApp

ByBit
  • Yuri Molchan
    📰 News

    Ontology partners with an e-commerce dApp Blocery to let its customers purchase groceries via smart contracts before they even get harvested

Ontology (ONT) to Enable Grocery Purchasing via High-End Blocery DApp
Cover image via www.123rf.com
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Earlier today, the Ontology team took to its account on Twitter to spread the word about the partner the company has recently started working with. Later this year, the Blocery dApp launches a beta version to let users buy groceries via its e-commerce platform. It will take place on the Ontology chain.

Ontology invests in Blocery

The Medium post by Ontology says that the company has invested in Blocery and will provide it with tools for developing apps on the Ontology blockchain.

Offering users to buy groceries via its dApp, Blocery sees a real use-case for DLT when it could actually work for daily needs of customers. The company is going to start changing people's daily lives before changing the world, says the blog post.

The new supply chain solution (SCF) will allow vendors to receive cash from investors and the e-commerce solution will enable users to pre-purchase grocery through smart contracts even before they are harvested.

Blocery’s parent company, Ezfarm, originates from South Korea and has been working in the agricultural tech sphere for twenty years.

An Ontology co-founder, Andy JI, has commented on this collaboration:

“Blocery is an interesting case that has survived the winter of the blockchain industry with its strong agricultural background within its local market. Its supply chain finance business model would thrive in the DeFi ecosystem of Ontology.”

Blocery will migrate to the Ontology chain in Q1 next year.

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Blocery joins MovieBloc on Ontology

As reported by MovieBloc on Medium, the DLT platform for distribution video and other sort of content (previously supported by Ontology and now also a full Ontology node) and Blocery are launching a task force team. It will work on accelerating blockchain  adoption via Ontology.

The blog post says:

"Through the technical cooperation, MovieBloc and Blocery will achieve two major goals of fastening development schedule of both parties and leading Blockchain Mass Adoption."

Both companies are going to run on the Ontology mainnet in the future.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Is Classic Pump-and-Dump Scheme, Says Peter Schiff

ByBit
  • Alex Dovbnya
    📰 News

    Gold proponent Peter Schiff thinks that Bitcoin evaporating its 40 percent pump proves that it's a pump-and-dump scheme

Bitcoin Is Classic Pump-and-Dump Scheme, Says Peter Schiff
Cover image via u.today

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.

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Euro Pacific Capital CEO Peter Schiff has come up with a new insult for Bitcoin, calling it "a classic pump-and-dump scheme."

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"You're being played"

Schiff continues to assert that Bitcoin's 40 percent pump on Oct. 25 was the result of price manipulations. The fact that Bitcoin's has completely trimmed these gains in just four weeks definitely flies in the face of bulls.

The gold bug explains that the pump was meant "to sucker in" momentum buyers to dump their bags later. This is supposed to be a wake-up call for all buyers.

Earlier, Schiff lambasted Bitcoin holders for not being able to see through the shenanigans of whales who are selling their coins on the verge of a major price.        

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Other bears are waking up 

Mark Dow, the trader who famously shorted Bitcoin at its current all-time high, recently resurfaced on Twitter with a succinct "Bitcoin is dying" tweet, which came in handy right on the verge of Bitcoin's drop to the $7,500 level.     

While some bulls might be tempted to dismiss Bitcoin price moves recorded on the lower time-frames as "noise," the long-term picture is also gloomy. As reported by U.Today, crypto market analyst Willy Woo opined that Bitcoin might not replicate the success of previous halvening cycles due to its unusual bearishness. 

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

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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