Tag: Blockchain

dain-leaders-to-conduct-a-poc-of-blockchain-technology-of-its-international-student-matching-platform

Dain Leaders to conduct a PoC of blockchain technology of its International Student Matching Platform

November 12, 2020 Published by

 

Dain Leaders, a global leader in the blockchain edu-tech industry, has announced that it performed a proof of concept of the blockchain technology behind its international student matching platform.

The blockchain PoC is a project run by the National IT Industry Promotion Agency(NIPA). Dain Leaders performed the blockchain PoC of its digital history management platform for foreign students, which is expected to lower the administrative burdens associated with confirming the authenticity of documents during the admission process and to increase the reliability of the admission process.

In the past few years, the number of students interested in studying in Korean universities has rapidly increased. Indeed, a study found that there were 160,000 students from 180 nations enrolled in Korean language or bachelor’s degree programs in Korean universities as of this year, indicating the intense competition.

However, there have been recent cases in which the international students submit false or forged documents to work illegally, causing higher education institutions including universities to look for solutions. Moreover, due to COVID-19, many schools are experiencing financial hardship related to the decreased number of students and tuition freezes, creating cases in which school employees serving as brokers for illegal employment.

These problems can be solved by the digital history management platform for foreign students. By comparing the original files that are recorded as hash values on the blockchain and the files that are submitted from the universities for a review, the file’s authenticity can be confirmed.

Moreover, as the untact processing is increasing in the education industry, the platform is expected to serve as the new access point for the administrative tasks that were previously performed in-person.

“This blockchain PoC is to provide the solution for managing foreign student’s history and to reliably certify the documents. Even after this PoC, we plan to advance our technology by reflecting the feedback from its users including foreign students, the educational institutes, and the educational consulting firms,” said Lim Moo-ho, the CEO of Dain Leaders.

Dain Leaders is an edu-tech company that is leading the global education industry with its untact and big-data technology. It is dedicated to developing optimized and customer centered systems in various industries including domestic and international educational centers and corporations.

crystal-blockchain:-security-breaches-and-fraud-involving-crypto-still-high-despite-tech-development

Crystal Blockchain: Security Breaches and Fraud Involving Crypto Still High Despite Tech Development

November 12, 2020 Published by

 

It’s ten years since the first official cyber-terrorist attack of a crypto exchange, and despite technological advances, most cryptocurrency entities have not yet been able to develop sufficiently reliable security systems to minimize security breaches on their platforms.

Cyber-terrorists are taking more advantage of security gaps every year. Beyond security breaches, there are various types of fraudulent schemes that have provided a way for bad actors to gain value from unsuspecting victims, such as exit scams and Ponzi schemes.

Crystal has compiled a full and detailed report of all security breaches, fraudulent activity, cyber-terrorism, and scams involving cryptocurrencies between the years 2011 and 2020. 113 security attacks and 23 fraudulent schemes have so far resulted in the theft of approximately $7.6 billion worth of crypto assets in total (that’s comparable to the GDP of Monaco).

The most common locations for exchange security breaches are the United States, the United Kingdom, South Korea, Japan, and China. The largest crypto security breach thus far was the incident involving the Japanese exchange Coincheck in 2018.

[READ THE FULL REPORT]

The most notable type of cyber-terrorism utilizes a security breach in a crypto entity’s internal security systems, resulting in the illegal gaining of access to the crypto service hot wallets.

Over the next couple of months and years, as the number of blockchains keeps growing, and methods and technologies utilized by fraudsters continue to become more sophisticated and advanced, we can assume that the number of cyber-terrorist attacks will also continue to grow.

To see this data on an interactive map and to download the full report, please visit our Map of Security Breaches and Fraud Involving Crypto on the Crystal website.

bithumb-global’s-efforts-to-support-binance-smart-chain-start

Bithumb Global’s Efforts to Support Binance Smart Chain Start

November 9, 2020 Published by

 

Binance, one of the world’s leading cryptocurrency exchanges has combined the hottest thing in the blockchain sector – Decentralized Finance (DeFi) with centralized finance, through their Binance smart chain platform.

Bithumb Global holds the special honor of being one of the first exchanges to support the Smart Chain with the projects within its ecosystem. And Bithumb Global is determined to make the most of this collaboration in the days to come.

Binance Smart Chain
Binance is one of the largest cryptocurrency exchanges in the world today, in terms of volume of spot trade, traffic and many other such parameters. The company is widely known within the crypto community for many innovative solutions. The world renowned crypto exchange has also made the news for their initiative of raising a charitable fund to support those in need during the COVID-19 pandemic.

Moreover, the exchange is well known for its advocacy of decentralized technologies of different kinds. However, their new technology has outdone it all.

The platform was formally launched by the company on 1st September. The Smart Chain is designed to run parallel to the Binance Chain. The chain not only allows the creation of new smart tokens on the platform, but will also enable new staking mechanisms for the Binance token – a proof of stake authority mechanism.

A Few Striking Features
As the name suggests, the most promising feature of the Binance Smart Chain is the smart contract support feature. This will allow creation of smart tokens on the platform, as well as increase the utility of the Binance Chain and the Binance token.

Apart from this, the platform also supports cross-chain operability for increased utility. This will allow DeFi projects to interact and increase the volume of transactions and make transactions much more far ranging. This is in response to the fact that most Decentralised Finance platforms have much value as asset classes, but lack flexibility and utility, compared to the centralized financial institutions outside the crypto sector.

Decentralized Financial platforms on the Binance Smart Chain will also be able to take the advantage of the Bianance Decentralized Exchange, which will give them greater liquidity and a greater market access. The Binance Decentralized Exchange platform also allows for more decentralized governance of the platform through Smart Contracts, making it a perfect choice for the listing of new age DeFi projects.

On top of these, the platform offers an incredible speed of 1 block per 3 seconds, for smooth and seamless transactions. The smart chain also offers transaction costs as low as 1 cent. This is bound to incentivize a larger quantum of transactions over the network, and will be one of the most user-friendly and affordable blockchain networks available.

The platform will also conveniently support cross-chain assets and enhance DeFi interoperability. The platform also has strong infrastructure support and partners with abundant resources.

Binance Smart Chain Accelerator Fund
In its first phase, the fund has put aside a 100 million dollars for different DeFi-based projects hosted on the Binance Smart Chain. The 100 million dollar accelerator fund, will offer liquidity support to selected projects. The fund also has claimed to provide development incubation, acceleration and other kinds of support for later projects.

The process will be enabled by an innovative technology termed as the Automatic Market Marker, developed by the company. The first batch of projects, which will be receiving this support has been declared by Binance. The projects included here are- Credit swap platforms like Pancakeswap, Burgerswap, Bakeryswap, and Fortube, which is a decentralized lending service.

Bithumb Global: Being Part of a Community of Early Supporters
There has been immense support for the project from across the Binance community, even before the Binance Smart Chain Mainnet was launched. These community members have helped develop and deploy the platform. This includes different tools Math Wallet, Bitquery.io, Certik, Taurus, etc. There are also some major DeFi projects involved with the development of the Smart Chain, like WazirX, Swipe, DODO etc.

As a global leader, Bithumb Global is taking on a major responsibility of supporting the development of the DeFi industry from many aspects. It plans to launch a variety of DeFi projects, derivatives (Smart Token and leverage), user value-added financial management (staking), initial project announcements and user airdrops (learning), and multi-channel, multi-regional marketing efforts.

The first batch of DeFi projects that Bithumb Global has supported are well-known tokens like COMP, CREAM, UNI, BAL, CRV, Burger and the first projects Mantra DAO, Hedget, RioFuel, and UniLendFinance.

factoring-services-market-size-worth-$5,3840-billion-by-2027-|-cagr:-75%:-grand-view-research,-inc.

Factoring Services Market Size Worth $5,384.0 Billion By 2027 | CAGR: 7.5%: Grand View Research, Inc.

November 9, 2020 Published by

 

The global factoring services market size is expected to reach USD 5,384.0 billion by 2027, according to a new study conducted by Grand View Research, Inc. It is projected to register a CAGR of 7.5% from 2020 to 2027. The rapid economic growth in developing economies and the rising demand for factoring as an alternative form of financing are fostering growth. Factor financing has proved to be beneficial in various regions across the globe for Small and Medium Enterprises (SMEs), promoting the entrepreneurial economy and strengthening economic growth. Moreover, the technological enhancement in the form of blockchain adoption and the provision of safe and secured financing services are also expected to propel the market growth over the forecast period.

Key suggestions from the report:

  • The international segment is expected to register the highest CAGR over the forecast period owing to the increasing demand for factoring services from developing nations that focus on increasing their international trade through export and import
  • The non-recourse segment is anticipated to register the highest CAGR over the forecast period. Advantages such as full credit cover offered by the financing company are driving the demand for non-recourse factoring amongst SMEs across the world
  • The non-banking financial institution segment is expected to register the fastest CAGR over the forecast period. The growth of fintech companies and non-banking financial startups, owing to ease of government regulations in some developing countries, is the prime factor propelling the segment growth
  • The healthcare segment is anticipated to register the highest CAGR over the forecast period. The complications of insurance and complex layers of bureaucracies that delay the payment of medical bills of medical companies or professionals are likely to accelerate the demand for factoring in the segment growth
  • Asia Pacific is anticipated to emerge as the fastest-growing regional market owing to the rapid growth of economies vis-à-vis infrastructural and industrial growth in the region. The region comprises two most-populated countries, namely China and India, where the demand for factoring services is higher among SMEs. Moreover, China is the key exporter of electronic components, chemical materials, and many other industrial products.

Read 109 page research report with ToC on “Factoring Services Market Size, Share & Trends Analysis Report By Category (Domestic, International), By Type (Recourse, Non-recourse), By Financial Institution, By End Use, By Region, And Segment Forecasts, 2020 – 2027” at: https://www.grandviewresearch.com/industry-analysis/factoring-services-market

Fintech businesses are offering factoring services to SMEs and freelancers to ease their financial pressure caused due to delayed payments. Factoring services are likely to become an essential part of supply chain networks owing to the simplification of the services and their financial flexibility. Moreover, there is a rising interest among enterprise owners to seek new and non-conventional means of finance for their companies. The companies and organizations such as Factors Chain International (FCI) are creating awareness among businesses. This alternative form of financing is likely to be adopted and accepted for factoring receivables.

Account receivable financing is becoming more secure owing to several laws. The governments of various countries have developed legal frameworks for the use of electronic invoices. This has helped governments in collecting tax efficiently, providing efficient factoring tools, and reducing frauds. Moreover, governments are also supporting the adoption of the state-of-the-art receivables platform based on new blockchain or Distributed Ledger Technology (DLT). However, factors such as a perception of the high-interest rates, lack of awareness, and cumbersome documentation processes are hindering the demand for factoring services. Banks and financial companies are constantly trying to upgrade their expertise on the technological and operational levels for providing cost-effective services to their customers and boosting the demand for their services.

Grand View Research has segmented the global factoring services market based on category, type, financial institution, end-use, and region:

  • Factoring Services Category Outlook (Revenue, USD Billion, 2016 – 2027)
    • Domestic
    • International
  • Factoring Services Type Outlook (Revenue, USD Billion, 2016 – 2027)
    • Recours
    • Non-recourse
  • Factoring Services Financial Institution Outlook (Revenue, USD Billion, 2016 – 2027)
    • Banks
    • Non-Banking Financial Institutions
  • Factoring Services End-use Outlook (Revenue, USD Billion, 2016 – 2027)
    • Manufacturing
    • Transport & Logistics
    • Information Technology
    • Healthcare
    • Construction
    • Others
  • Factoring Services Regional Outlook (Revenue, USD Billion, 2016 – 2027)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
    • Asia Pacific
      • China
      • India
      • Japan
      • Singapore
    • Latin America
      • Brazil
      • Mexico
      • Chile
    • Middle East & Africa (MEA)

List of Key Players of the Factoring Services Market

  • Barclays Bank PLC
  • BNP Paribas
  • China Construction Bank Corporation
  • Deutsche Factoring Bank
  • Eurobank
  • Hitachi Capital (UK) PLC
  • HSBC Group
  • ICBC China
  • Kuke Finance
  • Mizuho Financial Group, Inc.

Find more research reports on Next Generation Technologies Industry, by Grand View Research:

  • Financial Auditing Professional Services Market – The global financial auditing professional services market size was valued at USD 109.21 billion in 2017. It is anticipated to progress at a CAGR of 7.4% from 2018 to 2025.
  • Blockchain Technology Market – The global blockchain technology market size was valued at USD 1,590.9 million in 2018 and is expected to grow at a CAGR of 69.4% from 2019 to 2025. The blockchain technology is one of the most promising upcoming technological trends in the information technology domain.
  • Supply Chain Analytics Market – The global supply chain analytics market size was USD 3,460.1 million in 2018 and is expected to reach USD 9,875.2 million by 2025 at a CAGR exceeding 16.4% from 2019 to 2025.
bitcoin-ira-launches-new-cryptocurrency-ira-knowledge-center

Bitcoin IRA™ Launches New Cryptocurrency IRA Knowledge Center

November 6, 2020 Published by

 

Bitcoin IRA, the world’s first, largest, and most secure digital asset IRA technology platform that allows clients to purchase cryptocurrencies and other digital assets for their retirement accounts, today released their all-new Crypto Knowledge Center.

This new area of the company’s website provides a dedicated hub for educational information on blockchain, cryptocurrencies and self-directed retirement accounts. It aims to provide an easy, simple way to learn about the benefits of blockchain technology and crypto as an investment asset.

The Knowledge Center highlights the most educational articles, including:

  • Popular Content – This section provides the most popular articles of the moment for readers such as Ethereum‘s highly-anticipated upcoming upgrade to proof-of-stake, 2021 IRA contribution limits, how a Bitcoin IRA works and more.
  • Videos and Webinars – Listen to top executives at the company on recent webinars, learn about how to self-trade on the Bitcoin IRA platform, and more.
  • Latest News Articles – Readers can learn about PayPal’s newest crypto trading platform, Ethereum staking, crypto price predictions and more.
  • Press Releases – Read what other leading, independent publications are saying about Bitcoin IRA.
  • eBooks – Individuals looking for a more comprehensive guide can view all of the company’s digital eBooks cryptocurrencies and gold assets.

Bitcoin is up 95% in 2020, passing $14,000 per coin, as of Nov 5, 2020. Bitcoin IRA’s new Knowledge Center can help individuals track the latest trends and learn about the underlying technology to make more informed investment choices. Consumers can also sign up for the company’s email newsletter for breaking news and frequent updates on the latest industry trends.

Individuals interested in adding Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) or other leading cryptocurrencies to their IRAs or 401(k)s can go to bitcoinira.com or call 866-333-4307.

“we’re-ready-for-decentralised-finance,”-claim-traditional-financial-service-institutions

“We’re ready for Decentralised Finance,” claim traditional financial service institutions

November 4, 2020 Published by

 

Decentralised finance (DeFi) is now being taken seriously by traditional finance. In a European-wide survey of financial institutions spanning across insurance, banking and trading, 86% are implementing or assessing services built on a DeFi framework.

Of those companies, 31% are reporting an enterprise-wide rollout or have deployed use cases of DeFi. Additionally, 58% of companies are concerned they will lose a competitive advantage by ignoring DeFi instruments.

From the companies implementing decentralised finance, 35% are collaborating with an existing consortium, platform, application or service. 24% are developing their own consortium or platform and 22% are going to collaborate with competitors because the current ecosystem is not compatible with their requirements.

The research, conducted by BCG Platinion (part of Boston Consulting Group) and Crypto.com, analyses the uptake of decentralised services amongst traditional financial institutions. From 400 companies across Europe, 71% with a turnover or balance sheet above £10bn assessed or implemented DeFi, compared with 51% of companies turning over less than £100m.

Of companies assessing or implementing the blockchain technology, 42% are pivoting to a more decentralised approach to asset management. 38% of companies are using it to facilitate faster, more secure, payment processing services, rising to 61% for the biggest companies.

Conversely, 70% believe security concerns over fraud is a challenge preventing company wide adoption of DeFi, and 15% of decision makers strongly believe that whilst decentralised finance is a threat, their companies are against its adoption.

The research also considered the impact DeFi will have on business and operating models and 59% of companies say they will have to implement a new governance structure. But 70% of companies say restructuring the business model or decoupling decentralised finance will increase the speed and lower the cost for financial transactions. 67% said it would open up new revenue streams and 61% said they believe smart contracts are an important business driver for considering or adopting DeFi as a way to execute financial services.

At the same time, a lack of regulation is a challenge for 61% of companies, increasing for companies with a larger turnover or more assets under management. That decentralised finance is over collateralized is also a concern for investment bankers and asset managers, more so than other areas of finance. And sharing their anxiety with a recent FCA announcement, 60% of companies are worried about a lack of recovery mechanisms.

Kris Marszalek, Co-founder and CEO of Crypto.com said, “The research shows that DeFi’s adoption is not limited to just the blockchain industry; traditional financial institutions of all sizes are viewing DeFi not as a competitive threat but rather as a valuable instrument to delivering more decentralized, efficient financial services. This is shown in their warming attitudes towards DeFi and its integral role in future plans for the vast majority of them.”

Kaj Burchardi, Managing Director of BCG Platinion, adds, “As markets evolve towards
decentralisation, there will be a growing demand for approaches like DeFi which can provide a
more efficient and more open way of banking, trading and investing. “It is encouraging to find that financial institutions are already seriously, and strategically, collaborating with the crypto community to begin building a new generation of governance and technologically resilient solutions that will make financial services more accessible.

However, there is still quite some progress to be made in order to bring DeFi into the mainstream especially in security and compliance.”

The survey was conducted by Sapio Research interviewing 411 decision makers with familiarity over decentralised finance and follows up a report highlighting the challenges and opportunities for financial institutions adopting decentralised finance. See more survey findings here.

infineon-and-tribe-join-hands-to-strengthen-singapore’s-blockchain-ecosystem

Infineon and Tribe join hands to strengthen Singapore’s Blockchain Ecosystem

November 4, 2020 Published by

 

Infineon partners with Tribe, the first Singapore Government supported blockchain ecosystem builder, which brings together government agencies, corporates and blockchain companies to foster innovation and collaboration. Infineon will provide its longstanding industry expertise in hardware security solutions and can help companies seeking to apply blockchain to discover the competitive advantages of Infineon’s SECORA™ Blockchain security solutions. Selected start-ups developing applications using SECORA™ Blockchain will have the opportunity to collaborate with Infineon in time-to-market and customer development as partners at the Infineon Co-Innovation Space.

“Blockchain is moving beyond Fintech into areas as diverse as logistics, brand protection, online shopping and gaming platforms. Tribe’s OpenNodes give us access to a vibrant blockchain ecosystem and allow Infineon to showcase our SECORA™ Blockchain Security Solutions.” Said Goh Say Yeow, Vice President, Connected Secure Systems, Infineon Technologies Asia Pacific Pte Ltd. “We are honoured to be part of Tribe and are excited to collaborate with them on several fronts, such as supporting OpenNodes-led initiatives as a founding member and working with Tribe Academy to identify promising tech talents. I look forward to explore business opportunities together in the emerging blockchain verticals with leading ecosystem players.”

“Driving ecosystem collaboration is a key priority for Tribe as we look to advance blockchain’s capabilities and its deployment across industries. As we witness a surge in industry ready solutions based on blockchain, security continues to be a key consideration and differentiator for blockchain companies. With Infineon we have a partner that is well positioned to secure blockchain applications and strengthen trust in the technology,” said, Joseph Lim, Head of Global Business Development, Tribe. “We hope to drive Singapore’s agenda to be a hotbed for blockchain innovations and real-world application, as we continue to identify and fill the gaps in the industry.”

Infineon Blockchain Program

As a leading player in blockchain, Infineon has developed the SECORA™ Blockchain, which is a fast, easy-to-use Java Card™ solution supporting best-in-class security for blockchain system implementation. It makes the application more secure and easier to design for customer’s blockchain system. By providing a safe “vault” for user credentials, SECORA™ Blockchain can reduce the final user’s commercial risk and helps to increase trust in the block chain system. Infineon’s extensive security expertise provides the layer of security required to protect private blockchain keys. The integration of hardware-based security into blockchain applications, such as tokens, wearables, and different module forms, makes private keys much more robust against attacks.

hashkey-group-winner-at-hkma-‘digitizing-trade-finance’-tech-challenge

HashKey Group Winner at HKMA ‘Digitizing Trade Finance’ Tech Challenge

November 4, 2020 Published by

 

HashKey Group was announced yesterday as one of the winners of the “Digitizing Trade Finance Tech Challenge” hosted by Hong Kong Monetary Authority (HKMA). HashKey was awarded as one of the ten prize winners in a competition that attracted 103 applications from 24 cities in 16 countries. HashKey Group entered and won the competition with the support of sister company Wanxiang Blockchain.

Announced at Hong Kong Fintech Week 2020, HashKey’s solution will create a toolkit that improves the usability of blockchain-based open data standards for documents and data in cross-border trade finance. With the solution, HashKey Group and its sister company Wanxiang Blockchain will collaborate with local regulators, universities, government agencies, and SMEs in the Greater Bay Area (GBA).

“This year we are witnessing a rapid acceleration in the growth of digital commerce,” said Michel Lee, HashKey Group Executive President. “As this trend continues, we are very excited by the potential of blockchain solutions to deliver the common data standards needed to bridge digital islands and allow for seamless digital trade.”

The project marks the second time the two companies received government recognition for its trade finance blockchain solutions. The project is an extension of current work with the Singapore government on blockchain-based digital trade facilitation.

“Through our work on open data standards, HashKey has developed a unique perspective on how to improve blockchain-based digital trade and make it more practical for more industry participants,” said Ben El-Baz, Head of Ecosystems at HashKey Group. “Together HashKey and Wanxiang Blockchain continue to collaborate on blockchain solutions for finance. With this project we are excited to expand the use of blockchain to solve challenges in trade finance.”

HashKey Group and Wanxiang Blockchain are building blockchain-based supply chain finance solutions. Earlier in 2020, HashKey also won a blockchain-based trade data project awarded by the Infocomm Media Development Authority (IMDA) in Singapore. The core of that project is integrating IMDA’s open, interoperability-focused TradeTrust blockchain document notarization framework into the team’s trade and supply chain finance platforms.

xinhua-silk-road:-digital-vitality-and-beautiful-city-forum-held-in-nw.-china’s-xi’an-on-sunday

Xinhua Silk Road: Digital Vitality and Beautiful City Forum Held in NW. China’s Xi’an on Sunday

November 4, 2020 Published by

 

A forum themed on “Digital Vitality and Beautiful City” was held in Xi’an, the capital city of northwest China’s Shaanxi Province on Sunday.

The forum, held during the 2020 4th Global Programmers’ Festival, invited experts and enterprise representatives to conduct in-depth discussions on topics such as smart city technology trends, international cooperation, and digital empowerment of traditional industry transformation and upgrading.

According to Shan Zhiguang, director of the Informationization and Industrial Development Department of the State Information Center, urban development driven by multiple elements of digital technology will continue to advance toward the goal of being more humane, intelligent and convenient.

Blockchain has gradually entered all walks of life and will support the development of smart cities, said Wei Kai, deputy director of Could Computing & Big Data Research Institute with the China Academy of Information and Communications Technology (CAICT).

As for the international cooperation on smart cities, Mushahid Hussain Sayed, Senator of the Parliament of Pakistan and member of the Research and Development International (RDI) Expert Committee, said that the cooperation between China and Pakistan in smart cities focuses on creating the clean and green environment, using facial recognition software to ensure the safety of the city, as well as special applications related to health, population and tracking of epidemics.

Councilor Anwar Adams, President of the Democratic Independent Party of South Africa, believed that the cooperation between China and South Africa in the core technology research and development and standard application promotion of smart digital cities will be further strengthened in the future.

The digital empowerment for industry transformation had also been a hot topic.

In recent years, Shaanxi Blower (Group) Co., Ltd., one of the blower manufacturers in China, has made efforts in intelligent digital transformation through institutional reforms, intelligent manufacturing and capital finance, promoting the company to become a world-class smart green energy enterprise, according to Jia Yani, deputy general manager and chief engineer of the company.

Facing the new market structure, the liquor industry should explore new marketing channels and gradually establish an organic interaction between distributors and the market to promote the development of e-commerce system driven by service and create a wine industry communication platform, said Gao Hongtao, deputy general manager of Shaanxi Xifeng Liquor Co., Ltd.

calamp’s-lojack-italia-unveils-ion-tag-and-ion-vision-to-improve-safety-and-efficiency-of-goods-and-drivers-during-transport-across-europe

CalAmp’s LoJack Italia Unveils iOn™ Tag and iOn Vision to Improve Safety and Efficiency of Goods and Drivers During Transport Across Europe

November 4, 2020 Published by

 

CalAmp (Nasdaq: CAMP), a global technology solutions pioneer transforming the mobile connected economy, today announced its subsidiary, LoJack® Italia, a leader in stolen vehicle recovery (SVR) and innovative telematics services, unveiled iOn™ Tag and iOn™ Vision for commercial fleet and supply chain operators to provide for the timely and safe delivery of vital goods and assets across Europe, while improving driver safety and transportation efficiency.

These new smart solutions, supported by Artificial Intelligence (AI) and data analytics, were announced for the Italian market by Massimo Braga, deputy general manager of LoJack Italia, at a roundtable titled, Road Transportation in Trouble: A Sector That Gives Without Receiving, during #FORUMAutoMotive held in Milan.

iOn Tag Delivers Continuous Shipment Visibility
iOn Tag is a sensor that looks like a small label and is capable of tracking and protecting vital goods and assets. The sensor communicates with a telematics device onboard the vehicle using Bluetooth. When an iOn Tag is placed on a package transported in a commercial vehicle, it signals the presence or absence of the goods in real-time, while the device signals the exact position of the vehicle in real-time.

iOn Tags can be placed on any asset to:

  • Determine exact location of the asset in real-time
  • Report the asset’s pick up or drop off from a vehicle managed by the logistics operator
  • Limit theft and fraud by immediately reporting route anomalies
  • Enable driver identification and authorization for asset pick-up and delivery
  • Monitor high-value assets such as perishable food, pharmaceuticals or equipment onboard a fire truck, ambulance or service vehicle
  • Enable timely and safe student transport via school buses by monitoring student pick up and drop off

iOn Vision Improves Driver Safety and Transportation Efficiency
iOn Vision is a fully integrated video telematics solution that provides fleet operators and service providers with actionable and deterministic video insights that mitigate liabilities and improve fleet safety.

The solution features self-installed, road-facing and driver-facing cameras along with a CalAmp WiFi-enabled telematics edge device and video server. This system detects visual triggers and audibly alerts the driver to stop signs, speeding and other road safety issues. Inertial triggers indicate and store hard braking, harsh cornering or rapid acceleration, providing fleet operators with an accurate assessment of driver behavior to improve driving habits, efficiency and fleet safety under ever-changing road conditions.

Through tight integration with CalAmp’s CrashBoxx® service, iOn Vision captures direct video evidence of collisions for detailed crash reports and accident reconstructions facilitating investigations to minimize liability. Cameras can also be installed in truck trailers to measure available space, thereby  maximizing transport loads.

“For more than a decade, LoJack and CalAmp have been working to redefine telematics solutions and drive greater value for our customers and partners,” said Massimo Braga, deputy general manager of LoJack Italia. “iOn Vision and iOn Tag resulted from this commitment and represent the finest telematics solutions we’ve produced to help fleet and supply chain operators protect drivers and others on the road, as well as the vital assets and goods they transport every day across Italy and throughout Europe.”

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