Supply Chain/Blockchain Friday Wrap — Week ending 05 October 2018The blockchain market is expected to grow due to the increasing demand for supply chain transparency. The need for product traceability, tracking, and visibility application has always been of high importance in the supply chain space, especially with fraud cases flying left and right out there. Blockchain may not be the only solution, but it is still one of the best applicable solutions to a lot of the challenges many organizations are facing. Looks like blockchain is here to stay.Here is our weekly round up of supply chain blockchain news!Overstock.com’s Medici Ventures Invests In VinX To Create Blockchain Wine MarketOverstock.com CEO and Founder Patrick Byrne, along with their blockchain accelerator and subsidiary Medici Ventures, is looking to invest further in blockchain technology and see what it can do in terms of streamlining wine futures trading while reducing fraud through secure supply-chain tracking from product provenance.Click for source of photoMedici Ventures has announced a strategic investment in a blockchain company called VinX, which plans to create a token-based digital wine futures platform based on the Bordeaux futures model. This will allow for the selling and trading of wine futures on a transparent and secure blockchain. The spin-off of this is that the supply chain tracking on said blockchain will also aid in reducing fraud in high-end wines.To Test Blockchain Technology, Oracle Turns to Local BeerThirsty software developers at Oracle’s Code One conference in San Francisco this month will be busy networking, attending keynotes — and kicking back local, Bay Area beer from Alpha Acid Brewing Co. But a brewing festival this is not. Alpha Acid’s booth at the conference’s developer exchange (October 22nd through 25th) isn’t just a showcase for beer made with fresh local ingredients. At its core, it’s a demonstration of how Oracle’s blockchain applications, which Alpha Acid is essentially beta testing, can track, maybe even improve, the brewing process supply chain.Click for source of photoSo why use blockchain for the brewing process at all? “There’s the cool factor — I want to see how my beer was produced,” says Prasen Palvankar, a senior director of product management at Oracle. After all, beer ingredients don’t come cheap.PIL, IBM in blockchain trial to create electronic bill of ladingSINGAPORE’S largest privately-owned shipping line, Pacific International Lines (PIL), has teamed up with IBM in another initiative to digitalize supply chain management.Click for source of photoPIL and IBM will jointly undertake a blockchain trial to design and create an electronic bill of lading. The legal and commercial document provides evidence for the contract of carriage, receipt of goods and ownership of goods, and acts as a document of reference for banks to extend trade financing.EmTech Brings Gold On The BlockchainEmtech’s blockchain-powered, gold supply chain platform — The Responsible Gold Supply Chain tracks “responsibly sourced gold from the miner-to-refiner-to-vault.” As reported by PYMNTS, the company’s target is to transform the current gold supply chain process, to ensure only the supply of gold mined in conformance to industry, environmental, legal, and human rights standards.Click for source of photoThroughout the supply chain process, gold will be tracked using a cryptographic seal. These seals will be scanned with an Android device to create a private and public key. These keys will be added to an immutable and fully auditable blockchain.TEMCO Secures Investment from №1 Korean Venture Capital “Korea Investment Partners”TEMCO, Korean startup preparing supply chain based on bitcoin (RSK), said it has successfully secured institutional investment from “Korea Investment Partners” (KIP), the foremost leading venture capital of Korea. KIP has been investing in growing billion-dollar companies such as: Naver, Kakao, Korbit, DoubleU Games, Bithumb, and now TEMCO. KIP will serve as one of the key business partners in TEMCO’s exponential growth.Click for source of photoTEMCO aims to disrupt the supply chain management system. By utilizing bitcoin smart contracts blockchain technology, TEMCO aims to reinvent the supply chain process. Envisioned as a public supply chain blockchain, TEMCO utilizes Smart Contracts and Public Ledgers to build the next generation of supply chain management systems.IAB Tech Lab tests blockchain-based protocol for personal data privacyThe Interactive Advertising Bureau’s (IAB) Tech Lab has announced a blockchain-based protocol that allows companies to track consent users’ personal data.Click for source of dataPrivacyChain, which has been released for public comment and a handful of early pilots, seeks to hand consumers’ control over the personal information provided to companies using the technology.Nestlé ready to share evidence of deforestation in palm oil supply chainNestlé claims around 58% of its palm oil supply chain is deforestation-free. Third-party audit firms like SGS, Bureau Veritas or Intertek will independently verify if the Swiss multinational has achieved its targets or not. The company is also looking into blockchain technology to keep tabs on its palm oil supply chain.Investment in Starling is an attempt by the company to meet its fast-approaching deadline to prove it is deforestation-free by 2020. Starling incorporates high-resolution radar and optical satellite imagery to offer real-time monitoring of land cover changes and forest cover disturbances at resolutions between 10m to 1.5m. The system can detect forest cover loss of 1ha onwards.Want to know more about Sweetbridge?Sweetbridge is an open-source project unlocking the value trapped in assets, payment delays, and corporate talent. Our Blockchain-based ‘tools for commerce’ help companies, countries and individuals to find a better way to trade and innovate.To join the movement go to https://sweetbridge.com/crowdsale and click “Register Now”.Join our discussion in Sweetbridge telegram channel to learn more about Sweetbridge and its products.Twitter | LinkedIn | Facebook | Telegram | Reddit | InstagramSupply Chain/Blockchain Friday Wrap — Week ending 07 October 2018 was originally published in Sweetbridge on Medium, where people are continuing the conversation by highlighting and responding to this story.