Daily we hear about countless tech companies, logistics companies, and other businesses relying on supply chains that are pursuing blockchain technology to usher in a new wave of efficiencies.While the technology promises trust and transparency, it also brings greater accountability to the supply chain. Businesses using it will be forced to actually ensure that their own supply chains are legitimate and avoid taking risks with substandard suppliers, which may damaged the brand, thus improving trust more.Here are some updates the past week on where this and that company is on their blockchain journey.Aerospace and Defence Blockchain on Supply ChainsThales (Chalet D7, Innovation Zone 3699) and Accenture are using blockchain to help secure aerospace and defence (A&D) supply chains, with the companies planning to display a new proof of concept of the technology at the Farnborough International Airshow.Click for source of photoThales and Accenture are currently at the proof-of-concept stage for the technology and, have demonstrated it to the Ministry of Defence and other companies in the Aerospace & Defence industry. The first version of the proof of concept was shown at the Defence and Security Equipment International (DSEI) exhibition in September 2017. The companies recently completed work on a second iteration, which incorporates machine learning and several other new technologies and has use cases beyond the detection of counterfeit goods.Reference: ainonline.com/ref1Blockchain Supply Chain Financing Platform Launched By CitrusexchangeCanadian FinTech firm Citrusexchange has launched a blockchain-based supply chain and invoice financing platform, called Kwikxchange, aimed at small and medium enterprises (SME). “SMEs are the backbone of global economies with a credit gap of around $2 trillion,” said Rammohan Prabhakar, CEO of Citrusexchange. “The platform will help further boost the growth and competitiveness of SMEs globally and in turn enable them actively participate in the growing digital economy worldwide.”The new blockchain platform was developed under the Co-Innovation Lab Program of SAP SE Germany. It enables SMEs to apply for a loan from multiple lenders and banks. The platform is promising near-instant access to financing, with a seamless connectivity to credit agencies supporting quick on-boarding and an inbuilt scoring engine calculating the forecasted business. Therefore, enabling underwriters to make quick decisions.Reference: blocktribune.com/ref4; supplychaindigital.com/ref6Understanding How IBM And Others Use Blockchain Technology To Track Global Food Supply ChainIBM’s Food Trust system is a cloud-based solution based on the IBM blockchain. The system stores the data of about 1 million food items, which is then shared across the IBM blockchain platform and the Linux Foundation’s Hyperledger Fabric. IBM Food Trust uses the blockchain to connect participants through a transparent, permanent and shared record of food origin details, processing data, shipping details and more.Consumers can see this information by scanning a QR-code that is, for example, on the packaging of their fish fillets. This information will even show how the fish was caught. This is especially notable as fish serves as an important retail commodity in Finland and its handling is subject to considerable regulation. Every QR Code is unique and represents that product. Using blockchain technology to trace fish back to its origins is an ideal use case for the IBM Food Trust platform.Reference: forbes.com/ref2Metals Exchange Forms Blockchain Group to Modernize Minerals IndustryA Switzerland-based trading platform for metal concentrates is forming a blockchain consortium aimed to streamline supply chains in the minerals industry. Open Mineral said it has already started working with the ethereum startup ConsenSys to develop a platform dubbed Minerac.According to a report from Reuters, the project aims to have every party involved in mineral mining and trading logistics — from mining to shipping to storage and trading — participating as nodes of the new blockchain platform. The goal of the project is to get rid of the existing complex and paper-heavy processes within the industry, and ultimately to allow the different parties to obtain updated logistics data simultaneously and transact trade documentation using smart contracts embedded in the blockchain.Reference: coindesk.com/ref3Cartier Owner Richemont Plans to Track Diamonds With BlockchainLuxury goods companies want nothing but the best. Richemont, the Swiss luxury goods giant that owns Cartier, is turning to blockchain in a move aimed to bring transparency to its supply chain.Jin Keyu, a newly appointed Richemont board member, who is a renowned economist and an associate professor at the London School of Economics (LSE) said, “As Cartier’s parent company, we have recently decided to start utilizing blockchain to trace the origin of diamonds, rocks and gold back to the mines or recycling factories. For all the watches we sell, we also hope to track their sources to validate their authenticity.”Reference: coindesk.com/ref5; coinspeaker.com/ref8Blockchain-based Adents NovaTrack Issues Token to Standardize Access to Comprehensive Supply Chain TraceabilityAdents, leading serialization and track & trace solutions provider, announces the issue of tokens that, combined with its NovaTrack platform, will standardize access to full supply chain traceability.Adents recently released Adents NovaTrack, a marriage of technologies co-developed with Microsoft. The solution utilizes Blockchain, A.I., IoT and serialization functionalities that, when combined, bring comprehensive visibility throughout product distribution chains & life cycles. The result is a solution highly mindful not only in terms of performance and security, but also governance and scalability.With NovaTrack, Adents aims to create an ecosystem of consortium-based blockchains independent from each other, and individually launched on-demand by various supply chain stakeholders (brands, manufacturers, logistics professionals, etc.). Each consortium-based blockchain will provide a secure environment to its participants to share supply chain data and processes.Reference: venturebeat.com/ref7Want 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”.Want to be one of the first to use the Sweetbridge Wallet?Join our alpha program to get access to a test version of the Sweetbridge Wallet and help us make it even better. Sign up at https://bit.ly/sweetbridgealphaTo learn more about the products and Sweetbridge, you can sign up through the member dashboard at www.sweetbridge.com.Join our discussion in Sweetbridge telegram channel.Twitter | LinkedIn | Facebook | Telegram | Reddit | InstagramSupply Chain/Blockchain Friday Wrap — Week ending 13 July 2018 was originally published in Sweetbridge on Medium, where people are continuing the conversation by highlighting and responding to this story.