Tag: Pandemic

Crypto Travel Booking Site Travala Sees 46% Monthly Increase in Bookings Despite Pandemic

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According to a June 1 announcement, Travala.com also saw its monthly revenue increase by 205% in May compared to April. Still, while the platform is seeing more traction compared to April, May also saw a 60% decrease in room nights booked compared to March. Travala.com sees bookings surge as travel restrictions are lifted Juan Otero, Travala.com’s CEO,  told Cointelegraph that the platform is seeing more use as the rest of the travel industry. He explained that domestic travel is seeing growth as the restrictions are being lifted. He said: “We’re…

Dollar General Is Giving Amazon a Run for Its Money During the Pandemic

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Most retailers had their sales hit deeply by the pandemic. Dollar General saw its traffic and sales surged as Americans are more budget-conscious. The dollar-store chain should continue to do well in the coming months. U.S. retail sales plunged 16.4% in April. Big chains like JC Penney have filed for bankruptcy. While most retailers are struggling, a few have actually benefited from lockdowns. Amazon’s (NASDAQ:AMZN) sales surged as consumers switched to online shopping. But it’s not the only retailer to profit from the crisis. Dollar General Is Thriving While most…

Here’s Why Nasdaq Will Surge to New All-Time Highs Amid the Pandemic

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Nasdaq 100 companies are making a killing amid the pandemic. Global liquidity is a huge factor behind the recent stock market rally. The smart money will eventually find its way to fundamentally sound companies. The Nasdaq Composite (IXIC) is slaughtering bears in a time of global crisis. The benchmark index is 4% shy of its February all-time high. Simply put, the pandemic is making people more reliant on technology than ever before. Nasdaq 100 Companies Are Growing Amid Pandemic The tech-heavy index, which includes names such as Amazon (NASDAQ:AMZN) and…

Pandemic Spurs Top Port Operator to Join Blockchain Shipping Platform

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The COVID-19 pandemic is prompting supply chain actors worldwide to focus their energies on becoming more resilient through better digitization — and in particular through blockchain technology. One of the world’s leading ports operators, DP World, announced on May 28 that it would be joining TradeLens, the blockchain shipping platform created by IBM and Danish logistics giant Maersk. TradeLens is a global supply chain solution with a focus on containerized freight and logistics, which was first launched by IBM and Maersk back in April 2018.  The platform’s broadening geographic scope…

Amazon’s Colossal Pandemic Spending Isn’t What You Think Is

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Amazon could use the pandemic as an expansion opportunity. The firm’s distribution network has a huge opportunity to grow. JC Penney could be a takeover target for Amazon, or the firm could be considering buying new cargo planes. When Amazon (NASDAQ:AMZN) released its first-quarter results, Jeff Bezos warned that investors were in for a bumpy ride in Q2. The reason he said was the global pandemic— the company would need to spend more than it makes in the coming quarter. At the time, it sounded like Mr. Bezos was referring…

Pandemic Highlights Inefficient Systems: Blockchain Can Help

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The Swiss-based non-profit blockchain industry association, the Global Blockchain Business Council (GBBC), believes that the crises resulting from the coronavirus pandemic have highlighted the benefits of distributed ledger technology (DLT). In email correspondence with Cointelegraph, a representative of the GBBC asserted that DLT can modernize and address the inefficiencies of the systems that underpin the organization of contemporary societies. Coronavirus highlights DLT use-cases “The current pandemic is highlighting many of the inefficiencies and shortcomings of existing systems,” the spokesperson said, emphasizing the failures of many governments in both “preparing and…

How Blockchain Technology is Helping to Fight the Novel COVID-19 Pandemic

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As the world battles with the Covid-19 pandemic, and it’s consequent economic and social effects: several world governments, agencies, and institutions are joining the fight to help reduce the spread of the virus while assiduously working to create a cure and a vaccine. For each country, the coronavirus pandemic has caused a major state of emergency, the Government’s role in addressing the issue is more visible at this time when compared to private and independent institutions.      In Italy for instance, the country has recorded a cataclysmic rise in…

Amazon Has Thrived During Coronavirus. But the Pandemic Also Poses Grave Threats

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The coronavirus pandemic presents both opportunities and threats to Amazon. Legislative scrutiny will only grow as Amazon’s dominance becomes more evident. An increasing number of its lowly paid workers have been dangerously exposed to the novel coronavirus. Amazon (NASDAQ:AMZN) has emerged as one of the leading beneficiaries of the coronavirus pandemic. Lockdown orders due to OVID-19 have boosted not only Amazon’s online retail business but its cloud computing unit as well. At one point, the e-commerce behemoth restricted sales to just essential items following a surge in demand. Amazon has…

Japanese E-book Publisher Turns to Blockchain for Distributiion in the Pandemic Era

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A Japanese book distributor is mulling an investment in a blockchain-based platform to distribute e-books, as partial lockdowns due to the ongoing COVID-19 pandemic continue in Japan.  Books to Blockchain Japanese local publication Nikkei reported the development on May 17. Media Do Holdings, one of the biggest Japanese publication houses, is facing an expected downturn in sales as bookstores, schools, and libraries remain closed in Japan.  As per reports, the company has earmarked 300 million, or $2.8 million at current exchange prices, to build a DLT system to handle book…

Debate Over Digital Privacy Amid Pandemic Remains ‘Archaic,’ Says Algorand Founder

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With some countries beginning to lift lockdown restrictions amid the coronavirus pandemic, many are focusing attention on the technological tools that can help public authorities to comply with the World Health Organization’s guidance for COVID-19 suppression —- “test, trace, isolate.”  This mantra has become all the more resonant in light of the apparent failure of multiple states to implement contact-tracing measures successfully early on in the crisis.  Amid the belated scramble to develop solutions that can safely enable the resumption of some aspects of social and economic life, the debate…