Sweetbridge: Supply Chain / Blockchain Friday Wrap — Week ending 15 June 2018
In this era of globalization, the use of blockchain technology is creating a lot of noise. Many huge companies, even conservative ones are jumping on the blockchain train. Companies are preparing for change, not just for fear of being left out but really for actual business improvement which makes this technology become more & more legit. Sharing with you more exciting news about supply chain on the blockchain this past week!Blockchain experiment could cut customs red tapeA business chamber in south-west England has certified an export consignment from an engineering company using blockchain. Business West said its pilot certificate of origin on blockchain, which supplies precision devices to several industries including aerospace and healthcare, is the second such project in the world following one in Singapore.Adam Underwood of the managing director of the software company i2i, which created the information technology for Business West, said some companies have already adopted blockchain to monitor cargoes, such as the shipping group Maersk in association with IBM.Reference: ft.com/ref3UN Trade Body Examines Blockchain’s Potential in Supply ChainsA United Nations body that facilitates global trade is examining blockchain and smart contracts to see if they could play a role in its mission. The United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) has just published a white paper that studies the nascent technology to see if it offers benefits that could impact its work or that of businesses and organizations.Reference: coindesk.com/ref1What Are Walmart’s Plans for Blockchain Tech?Walmart continue their partnership with IBM in an initiative to track certain food through the supply chain: Blockchain tech revealed its potential, with encouraging results from tracing Chinese pork and Mexican mangoes. Walmart continue to make in-roads with their latest patent filing: integrating blockchain payment systems with an autonomous vehicle-based delivery system.Reference: coincentral.com/ref4Blockchain could tame the blame game for owner-operatorsThe Blockchain’s promise of solving owner-operator problems is already bearing fruit: creating accountability among shippers, brokers and other parties. The accuracy and immediacy of blockchain records, typically called a “distributed ledger,” could bring some needed change.Now it’s blockchain technology that aspires to shine a light into trucking’s shadows. Blockchain promises to go beyond just GPS records with a more thorough record of all delivery details and, more importantly, real-time sharing of that information with every party that needs to know them.Reference: overdriveonline.com/ref9Blockchain Startup VeChain and Deutsche Bahn Develop DApp for China’s Logistics IndustrySingapore-based blockchain startup VeChain (VEN) and global logistics provider DB Schenker have co-developed a blockchain-based supplier evaluation system, according to a VeChain Foundation post on June 12.Their new decentralized application (DApp) as per VeChain Foundation, is the first ever implementation of blockchain for supplier management purposes. Their DApp will use the VeChainThor blockchain to score third-party logistics partners in China, based on collected data — the result being an evaluation for services such as packaging, transportation, and the quality of goods.References: cointelegraph.com/ref6 / econotimes.com/ref7 / amcrypto.com/ref8LG, Government Mint to Launch South Korea’s ‘First Public Blockchain Platform’LG CNS, the IT subsidiary of electronics giant LG, has been handpicked by South Korea’s minting corporation to establish a blockchain platform for the public sector to provide a number of services including issuing a community token to the masses. The blockchain will be built on top of LG’s enterprise blockchain platform ‘Monachain’. Launched in May, the in-house platform specializes in digital authentication, digital supply chain management and, notably, digital currency.Reference: cnn.com/ref11Adents and Microsoft Introduce Combined Blockchain, AI, IoT & Serialization Solution for Unsurpassed Supply Chain Security and TransparencyIn collaboration with Microsoft, leading serialization and track & trace solutions provider Adentshas developed a new unit-level product track & trace platform utilizing Blockchain and AI technologies. The groundbreaking Adents NovaTrack, which debuted at VivaTech 2018 in Paris last month, offers end-to-end traceability and visibility throughout the entirety of the supply chain.Reference: venturebeat.com/ref13Wirecard Launches Supply Chain Payment Platform Based on Blockchain TechnologyWirecard, the international innovation leader in digital financial technology, is expanding its existing digital payment and banking platform with the supply chain payment solution based on blockchain technology. The prototype focuses on linking merchants with producers, capturing all business processes in so-called ‘smart contracts’ — digital contracts based on blockchain — while minimizing the risk of fraud.Reference: prnewswire.co.uk/ref15To join the movement and buy your Sweetcoin, go to https://sweetbridge.com/crowdsale and click “Register Now”.Want to be the first to use Sweetbridge?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/sweetbridgealphaSupply Chain / Blockchain Friday Wrap — Week ending 15 June 2018 was originally published in Sweetbridge on Medium, where people are continuing the conversation by highlighting and responding to this story.
Additional Info
- Read full article on: Sweetbridge
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.
Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.
Our main goal is to make crypto grow by making news and information more accessible for the masses.
Our main goal is to make crypto grow by making news and information more accessible for the masses.