Switzerland: University of Lucerne Establishes Blockchain Research Institute
The Swiss canton of Zug, in collaboration with two universities from Lucerne, is investing nearly 40 million francs to establish a new center for blockchain research. The institute will be located at the University of Lucerne and aims to position Zug as an international hub for fintech innovation. This initiative follows previous milestones such as the establishment of the Ethereum Foundation in Zug in 2014 and the city's acceptance of Bitcoin payments starting in 2016.
The research conducted by this new institution will cover a broad range of topics beyond just technological aspects, integrating perspectives from sociology, philosophy, law, politics, and macroeconomics. Initial job postings have been made public for nine new professorships across five faculties. For more details on this development, visit heise online.
Open Logistics Foundation Launches Pilot Project for Secure Customs Processes Using Blockchain
The Open Logistics Foundation has announced a pilot project aimed at creating secure customs processes through its "Goods Passport ID" (GPID) system. This blockchain solution seeks to ensure transparent and tamper-proof customs procedures by collaborating closely with businesses and authorities. A pilot involving EU and UK customs authorities is already planned.
This initiative addresses significant issues within current customs operations where data transparency is lacking or unreliable. By leveraging GPID's digital capabilities during both export and import stages, it promises enhanced efficiency while reducing opportunities for fraud. Read more about these efforts on Logistik Heute.
Toyota Explores Blockchain Technology Applications in Automotive Industry
A subsidiary of Toyota is investigating how blockchain technology can be integrated into mobility solutions under their "Mobility 3.0" concept via the Toyota Blockchain Lab initiative. They aim to use public blockchains to automate status updates shared among large groups efficiently.
This exploration includes linking various vehicle-related information like type, color, and license plate number along with driver attributes using blockchain's programmability features, which could eventually lead toward fully autonomous driving systems managed entirely on-chain through what they term Mobility-Oriented Accounts (MOA). More insights are available at Crypto Valley Journal.
Check Point Warns Against Misuse Of Legitimate Blockchain Protocols
Cybersecurity firm Check Point has identified a novel scam exploiting legitimate blockchain protocols such as Uniswap V3 Contract and Safe.global Smart Contract, potentially endangering numerous users' funds by facilitating unauthorized transfers from victims' wallets directly into attackers'. With over $1 trillion in trading volume handled since its inception, Uniswap remains one of the largest decentralized exchanges globally, making it a prime target for cybercriminal activities according to recent findings published in a July 23, 2024, report authored by Herbert Wieler.
"This vulnerability highlights the growing sophistication amongst hackers targeting the crypto space, necessitating heightened vigilance alongside advanced security measures and continuous education to safeguard against emerging threats," stated Oded Vanunu, Chief Technologist and Head of Product Vulnerability Research team, emphasizing the importance of user awareness and proactive defense strategies amidst the evolving landscape of decentralized finance ecosystems worldwide. For further reading check out the full article here Infopoint Security.
