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ACSIS and Cryptowerk Partner to Deliver Tamper-Proof Traceability Across the Supply Chain

PHILADELPHIA–(BUSINESS WIRE)–ACSIS, a leading provider of digital supply chain solutions and Cryptowerk, a leading provider of data integrity solutions leveraging blockchain to notarize digital assets, announced today that they will partner to deliver tamper-proof traceability across the supply chain.

While Distributed Ledger Technologies offer new ways to help enterprises mitigate operational risk across complex and non-integrated supply chains, anchoring data on a public and private blockchain continues to be a costly endeavor. By using Cryptowerk’s patent-pending data integrity technology along with track and trace solutions from ACSIS, enterprises now have the ability to verify the authenticity and integrity of any digital asset or transaction at massive scale. Actors in the supply chain network don’t need to agree on one specific blockchain, instead data may be written to over 20 blockchains from anywhere in the supply chain network at great speed with significantly less cost and complexity.

At a recent ASUG webinar for SAP users, John DiPalo, chief strategy officer, ACSIS, and Kevin McDonald, vice president of solutions, Cryptowerk, presented the process that marries Cryptowerk’s data integrity API with the ACSIS track and trace architecture.

“With our joint solution enterprises can notarize massive amounts of data at very low costs,” said McDonald. “This enables a trusted data exchange with customers, regulators and partners across the supply chain. The data SEAL provides an unchangeable record of truth. Consumers and trading partners may now easily verify if the products they buy have been made with the parts they were promised and can trust that the information they’re seeing hasn’t been tampered with.”

“Using a technology like this in conjunction with digital track and trace solutions provided by ACSIS has the potential to revolutionize the supply chain ecosystem,” said DiPalo. “For companies who work across multiple verticals and multiple supply chains, leveraging blockchain is especially attractive. By incorporating Cryptowerk’s Horizon technology at critical touchpoints along the supply chain, enterprises will have more reliable, more transparent, and more trustworthy interactions with their partners and end consumers.”

You can learn more about the ACSIS and Cryptowerk partnership and how the two companies are working together to bring blockchain capabilities to supply chain management by listening to the on-demand webinar.

About ACSIS, Inc.

ACSIS, Inc. provides best-in-class product and asset traceability solutions to optimize business operations driving improved profitability, more informed decisions, and increased customer satisfaction. Our cloud solutions deliver a real-time view of supply chain execution—connecting legacy systems, partner networks, and assets on the edge for better insight and smarter forecasting. To learn more, visit www.acsisinc.com.

About Cryptowerk

Cryptowerk has developed the first GDPR- and CCPA-compliant data integrity cloud service that makes it possible to verify the authenticity of any digital asset at massive scale using decentralized ledger technology systems, such as blockchains. The Cryptowerk Horizon cloud service is used by enterprise organizations, OEMs and service providers to automate and accelerate data compliance processes in high-scale business applications, including secure document verification, industrial IoT, supply chain tracking, transactive energy and data compliance. To learn more, visit www.cryptowerk.com.

Contacts

Meghan VanSpriell: 484-639-7220

Business Wire , 2019-12-04 19:17:20 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

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