Solution
Using blockchain technology to combat retail theft
The retail industry is one of the most important sectors of the United States economy. Unfortunately, the COVID-19 pandemic has left the trillion-dollar retail sector vulnerable to in-store theft. Findings from the National Retail Federation’s 2022 Retail Security Survey show that retail losses from stolen goods increased to $94.5 billion in 2021, up from $90.8 billion in 2020. Some retailers also have to lock away certain products to prevent theft, which may lead to decreased sales due to consumers’ inability to access goods. Retailers look toward blockchain to solve retail theft Given these extreme measures, many innovative retailers have started looking toward technology to combat retail theft. For example, Lowe’s, an American home improvement retailer, has recently implemented a ...
Hop Protocol reveals details of Hop DAO and Optimism-style airdrop
Hop Protocol, a cross-chain bridge designed to facilitate the quick transfer of tokens between different Ethereum Layer-2 scaling solutions, has unveiled a new governance model alongside an airdrop that will see early users receive 8% of the total supply of soon-to-be-released HOP tokens. Similar to Optimism, which recently unveiled a new governance structure that will see early users airdropped 5% of the total supply of the OP token — Hop Protocol is aiming to create a community-oriented governance model, called Hop DAO, that seeks to aid Layer-2 scalability. An official date for the airdrop is yet to be announced. repost: There will be an initial supply of 1b $HOP tokens: • 8% airdropped to early users• 60.5% to the Hop treasury• 22.45% to the initial development team (3 yr vesting, 1 ye...
Optimism saves users $1B in fees, raises $150M in Series B
Popular Ethereum scaling solution Optimism has announced a $150 million Series B funding round co-led by Andreessen Horowitz (a16z) and Paradigm at a total valuation of $1.65 billion. According to a blog post from Optimism, the Layer 2 (L2) solution has saved users of the Ethereum network over $1 billion in gas fees. The funding will be used to expand the Optimism team and go towards working on reducing network fees even further. Fees on the Optimism network were reduced by a cumulative 30% last year, and now the team is contributing work towards an Ethereum Improvement Proposal (EIP-4844) for Shard Blob Transactions, which may potentially reduce Ethereum network fees by up to 100x in the near future. Today on Ethereum #AllCoreDevs, our very own @protolambda presented EIP-4844: Shard...
PDP to commence e-registration for new members
The Peoples Democratic Party has announced its readiness to commence nationwide online registration for members. The Party made this known on Monday in a statement titled ‘Obaseki urges Nigerians to embrace PDP e-registration exercise’, signed by the Publicity Sub-committee Chairman of the PDP National E-Registration Committee, Kola Ologbondiyan. According to the statement, the Edo State Governor, Godwin Obaseki, has urged Nigerians to participate in the exercise. The statement read, “Edo State Governor, Godwin Obaseki, has urged Nigerians to turn out enmasse and register with the Peoples Democratic Party during its nationwide online electronic registration of members which will commence in a fortnight. “Obaseki, who stated this while addressing members of the PDP e-registration committee ...
Police confirm abduction of emir, 10 royal family members
The Kaduna state police command has confirmed the abduction of the emir of Kajuru, Alhaji Alhassan Adamu. In a statement on Sunday, spokesman of the command, Mohammad Jalige, said the emir was abducted alongside 10 members of his family. However, a resident of the community said the emir, five members of his family and nine others within the community were abducted. The statement said, “The Kaduna Police Command through the Divisional Police Officer (DPO) Kajuru, Kaduna is in receipt of an unfortunate report on the kidnap of the Chief of Kajuru, His Royal Highness, Alhaji Alhassan Adamu in the early hours of today 11th July, 2021. “The incident occurred about 0234hrs when armed wielding bandits in large numbers invaded Kajuru town, shot sporadically and gained access into the Chief’s resid...
BUA increases price of cement
BUA Cement Plc has increased the ex-factory price of its cement product by N200 per bag. The cement manufacturer, it was reliably gathered, unveiled its new price increase from N2,800 to N3,000 per bag over the weekend. The price increase by BUA is contrary to what he has repeatedly asserted that his company does not have any justification to increase the price of cement as it is currently making enough returns. It would be recalled that BUA Cement, in various statements issued between April 24 and June 18 this year, had refuted any claims of increase in the ex-factory price of its cement products by N300 per bag, stating that, “the company had no plans to increase prices of its cement now or in the near future.” According to a statement issued on April 24, 2021, the company stated that, “...
PIB: IPMAN commends National Assembly for inclusion of PEF
The Independent Petroleum Marketers Association of Nigeria has commended the National Assembly for the inclusion of the Petroleum Equalisation Fund in the newly passed Petroleum Industry Bill. The Public Relations Officer of IPMAN, Yakubu Suleiman, gave the commendation on Sunday in a statement. Suleiman said the legislative arm of government had demonstrated that it was sensitive to the yearnings of majority of Nigerians for a permanent solution to the energy problems in the country. He said the entire content of the bill as passed by the Senate would serve as a catalyst for the inflow of the much desired foreign direct investment to boost the economy. He said: “The much awaited Petroleum Industry Bill has come to ease Nigerians of the pains that necessitated the call for the Bill in the ...
Imo governor presents cheques to families of deceased soldiers
Gov. Hope Uzodinma has presented undisclosed amount of money in cheques to six families of deceased soldiers who lost their lives recently while on duty in Imo. Uzodinma presented the cheques on Thursday during condolence visits to the 34th Artillery Brigade, Obinze, the 211 Regiment of the Nigerian Airforce Base, Naze, and families of deceased soldiers. Speaking during the visits, the governor pledged continuous support and commitment to the families to boost their morale and bring lasting solution to the security crisis in the state. Uzodinma, while presenting the cheques to the families and next of kin of the fallen soldiers, prayed to God to grant them fortitude to bear the loss. Earlier, the Brigade Commander, Brig.-Gen. Raymond Utsaha, expressed gratitude to Uzodinma for identifying ...
Ethiopia urges Tigray rebels to join ceasefire, hostilities persist
Ethiopia’s government urged Tigrayan rebels to join a unilateral ceasefire in their conflict on Thursday as aid agencies struggled to reach hundreds of thousands of people facing famine. The Tigray People’s Liberation Front (TPLF), the former rulers of Ethiopia’s Tigray region, said on Monday it was back in control of the regional capital Mekelle after nearly eight months of fighting. The government declared a unilateral ceasefire but the TPLF dismissed it as a joke. Hostilities persisted on Thursday and pressure built internationally for all sides to pull back. “Operations are under way … and the number of prisoners of war is increasing by the minute,” TPLF spokesman Getachew Reda told Reuters by satellite phone, with light artillery fire crackling in the background. “We are closing in on...
Ethiopia says army can re-enter seized Tigray capital Mekelle in weeks
The Ethiopian army could re-enter the seized Tigray regional capital of Mekelle within weeks if needed, a spokesman for a government task force said on Wednesday, adding that government-allied Eritrean forces had withdrawn from the region. It was the first public statement by a federal government official since Mekelle was taken by Tigray People’s Liberation Front (TPLF) forces this week in a major turn of events after eight months of conflict in which thousands of people have been killed. read more People in Mekelle, where communications were down on Wednesday, said on Monday incoming Tigrayan fighters had been greeted with cheers. There were similar scenes in the northern town of Shire on Wednesday, where Eritrean forces had pulled out and Tigrayan forces had entered, residents said. Peo...
Nigerian government says no immediate plan to ban cylinder imports
The Federal Government says it had no immediate plan to ban the importation of gas cylinders as part of its LPG expansion and implementation plan. Mr Dayo Adesina, Senior Special Assistant on Domestic Gas in the office of the Vice-President, made the disclosure in an interview with newsmen on Sunday in Abuja. He said that the government was working on first building local capacities before contemplating a ban. According to Adesina, who is also the Programme Manager of the National LPG Expansion and Implementation, Nigeria still has a lot of cylinder deficits to fill in meeting the LPG expansion plan. He explained that the plan was to get LPG to the remotest of villages and discourage use of firewood and other fuels that are inimical to the environment. Adesina said that of the nation’s ove...
WHO: 146 million Africans die yearly from tobacco-related diseases
The World Health Organisation has revealed that no fewer than 146 million Africans die annually from tobacco related disease. Dr Matshidiso Moeti, WHO Regional Director for Africa said this on Thursday during a virtual press conference. Moeti said tobacco was the leading cause of preventable deaths in the world and emphasised that “smoking damages nearly every organ in the body.” The director also said that “globally, exposure to secondhand smoke kills more than 1.2 million people yearly.” She explained that the use of tobacco products other than cigarettes, such as vaporizers, was on the increase in Africa. Moeti said that quitting tobacco was the way to reduce the risk of developing cancer, heart disease, stroke and other diseases, noting that it would also increase one’s life expectancy...
