Sweetbridge: Supply Chain/Blockchain Friday Wrap — Week ending 14 September 2018
Interesting discussions and powerful presentations made left and right; fast changing messaging of companies ensuring target audience is made captive. A lot of moving parts in the blockchain world right now with supply chain seemingly the busiest, with a lot of potential innovative use cases and really promising value growth expecting to reach approximately USD 666.61 million by 2024.Here are some highlights of supply chain on the blockchain news this past week!R3’s blockchain technology tightens SCG procurementSiam Cement Group (SCG), the country’s largest industrial conglomerate, has seen its procurement process streamlined by 50% after adopting the R3 blockchain platform for one month. The company’s 10 supply chain companies have applied the fully integrated blockchain solution for procure-to-pay on R3 blockchain since mid-August and increased business efficiency by 50% from upstream to downstream.Click for source of photoThe expectation is to move all of SCG’s supply chain companies and the entire procurement process to the digital platform over the next six months. With the innovative technology, the bank can shorten the process from a week previously to within one day.Hacera creates directory to make blockchain projects more searchableHacera announced the launch of the Hacera Network Registry. Hacera wants to create a directory to make blockchain projects discoverable and more searchable, just like how Yahoo created directories of web pages in the 1990s. Blockchain projects can create information pages, not unlike a personal LinkedIn page, and Hacera verifies the data before adding it to the registry.Click for source of photo“For blockchain to grow it will require a way to register, lookup, join and transact across a variety of blockchain solutions. As the number of blockchain consortiums, networks and applications continues to grow we need a means to list them and make them known to the world, in order to unleash the power of blockchain,” says Jerry Cuomo, VP of blockchain technologies at IBM.Ripe.io And Its ‘Blockchain Of Food’ Secures 2.4 Million In FundingRipe.io wants to use blockchain technology to transform the food industry, and it just received a major influx of cash to do it. The agritech startup just secured $2.4 million in financing from investors like Maersk Growth, the capital venture arm of the Danish shipping container conglomerate Maersk, and Relish Works, a Chicago-based food innovation hub.Click for source of photoRipe.io decided on food because they saw an industry plagued by a number of problems, including “food fraud, food safety, what constitutes quality, and even things like spoilage management.” Plus, food, of course, is personal, something that affects one daily, not only one’s self, their families and communities.IBM Partners clockchain connects ‘Czech Alliance’ to fight fraud & drive digitizationThe Blockchain Connect Association, a newly established Czech Alliance formed in the spring of 2018 with partners including IBM, PwC and a Prague-based fintech incubator for start-ups, has revealed plans to contribute to the development of blockchain technologies in the “economic and public spheres” within the Czech Republic.Click for source of photoThe grand aim of the Alliance is to “significantly change” the Czech economy within the next three to five years by using blockchain technology as the initiative plans to accelerate the evolution of blockchain in the country.Hong Kong jewelry retailer to use blockchain platform for tracking diamondsHong Kong-based jewelry retailer Chow Tai Fook Jewellery Group will start to use a blockchainplatform to track diamonds. Chow Tai Fook has reportedly put some of its diamonds on a blockchain platform developed by blockchain startup Everledger and secured by the IBM Blockchain Platform. This will reportedly enable the retailer’s customers to ascertain the origin and authenticity of stones sold in its T Mark-branded stores, using a T Mark app.Click for source of photoCurrently, the company has reportedly rolled out the initiative for 3,000 T Mark diamonds in four of its stores, and plans to extend it up to 10,000 stones in 10 stores. Not only does this initiative make it easier for consumers to manage their assets conveniently and efficiently, it is a long-term and invaluable investment that enriches consumers’ knowledge of their diamonds.China: central bank’s blockchain trade finance platform pilots in ShenzhenA new trade and finance blockchain platform, backed by the People’s Bank of China (PBoC), has started official pilot operations in Shenzhen. The “Guangdong, Hong Kong and Macao Dawan District Trade Finance Blockchain Platform” aims to provide a blockchain-powered ecosystem for cross-border trading across Guangdong, Hong Kong, and Macau Bay Area.The more data added to the platform — which includes credit, business, third-party assessment, and judicial department data — “the safer the blockchain.” The platform could potentially in the future be connected to the government supervision and logistics information systems to further tackle issues of information asymmetry and inadequate data sharing, both domestic and overseas.Systech teams up with FarmaTrust on pharma secure chainSystech has joined forces with the UK’s FarmaTrust on a blockchain-powered platform to boost the security of the pharmaceutical supply chain.The alliance announced today will see FarmaTrust’s blockchain-based tracking system combined with Systech’s compliance, traceability and authentication technology. That includes its UniSecure electronic fingerprinting system, which transforms the barcode on packaging into a unique, uncopiable authentication feature using tiny variations in printing.Combining UniSecure with blockchain means that a physical product has both a digital fingerprint and a trusted chain of possession “from the manufacturing floor to a patient’s hands,” says Systech.SoftBank builds blockchain mobile payments proof of conceptJapanese telecom carrier SoftBank partners with Synchronoss and TBCASoft on a Proof of Concept (PoC) for a new cross-carrier mobile payments service. The service is based on the Rich Communication Services (RCS) global messaging standard and TBCASoft’s cross-carrier blockchain platform.Click for source of photoNot only does Softbank foresee their new mobile payment service empowering merchants to operate digitally, and at a scale that was previously only available to big brands, but it will also give their customers more flexibility when it comes to their purchasing and traveling habits.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 14 September 2018 was originally published in Sweetbridge on Medium, where people are continuing the conversation by highlighting and responding to this story.
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