Supply Chain/Blockchain Friday Wrap — Week ending 16 November 2018Blockchain technology has been implemented, developed, and widely adopted by a lot of industries today. Studies show that the market size of blockchain in supply chain is expected to reach USD 1892M by the year 2022. Blockchain continues to thrive and even increase its adoption.Here’s our weekly roundup of supply chain blockchain news!Air Force to Implement SIMBA Blockchain Platform for Logistics, Supply Chain MgmtSIMBA Chain has secured a contract to provide a blockchain-as-a-service platform for the U.S. Air Force to manage supply chain and logistics operations.Click for source of photoThe Air Force will use the cloud-based BaaS in efforts to secure the military service’s additive manufacturing program and its network that transports millions of components worldwide.Interswitch, Microsoft partner on blockchain technologyInterswitch Group, a Pan-African integrated digital payments and commerce company in collaboration with Microsoft, has unveiled an innovative blockchain-based supply chain financing service.According to the firms, the solution known as Interswitch Blockchain Service (Supply Chain Finance Module) brings together entrepreneurs, major financial institutions, and corporate organisations, all on a single platform to provide end-to-end visibility that ensures fast and seamless trade financing in supply chain operations.Click for source of photoInterswitch, in collaboration with Microsoft, has built a platform that will allow anyone to build blockchain-based solutions easily and more cost-effectively. It is truly blockchain for everyone with lower costs and shorter time.The technology enabling Alibaba to sell $30.8 billion in Double 11 goodsAlibaba reached $30.8 billion in gross merchandise volume on Sunday through its 24-hour Global Shopping Festival. In order for everything to stay up, Tmall.com and its ecosystem relied entirely on Alibaba’s technology portfolio, including the use of artificial intelligence (AI) to improve the shopping experience for buyers and sellers, as well as pushing Alibaba’s cloud infrastructure to the limit to process a high volume of transactions.Click for Source PhotoDeveloped by Tmall Global, Alibaba Cloud, and Cainiao, the global tracking system uses Internet of Things (IoT) and blockchain technology to verify products purchased by consumers through dual authentication and two-way encryption, while tracking the real-time location of items through location-based services and GPS. The new global tracking system was developed to enhance consumer confidence and build a trusted environment for cross-border trade through end-to-end supply-chain transparency.Singapore Exchange Successfully Trials Blockchain for Tokenized Assets SettlementSingapore Exchange Limited (SGX), along with the Monetary Authority of Singapore (MAS), have successfully tested the use of blockchain technology for tokenized assets settlement.Click for source of photoThe trial has shown that financial institutions and corporate investors are able to carry out the exchange and final settlement of tokenized assets on different blockchain platforms simultaneously. SGX believes that this could increase operational efficiency and reduce settlement risks. The technology could further help automate Develop versus Payment (DvP) settlement processes — a settlement procedure where the buyer’s payment for securities is due at the time of delivery — by using smart contracts.New Healthcare Blockchain Effort to Ease Credentialing BurdenA new healthcare blockchain initiative has been launched to help ease the administrative burden of professional credentialing, a process that can require four to six months to complete.The effort, called the Professionals Credentials Exchange, includes National Government Services, Spectrum Health, WellCare Health Plans, Accenture, and The Hardenbergh Group.Click for source of photoHospitals can forfeit an average of $7,500 in daily net revenues waiting for credentialing and payer enrollment processes to complete, according to a release from the new group. Most organization required to perform this work do it independently, which creates a significant administrative burden for practitioners.Hermes Survey Shows a Sizeable Portion of Germany’s Logistical Heads Believe Blockchain Will Enhance Supply ChainsAccording to a recent study conducted by Hermes, it has been found that more than one-third of Germany’s logistic heads seem to find immense potential in blockchain technology — especially when it comes to improving the way in which “different supply chain systems cooperate with one another.”Click for source of photoIn companies with more than 250 employees, more than half the managers noted that blockchain could be a game changer once implemented properly within existing company structures.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.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 16 November 2018 was originally published in Sweetbridge on Medium, where people are continuing the conversation by highlighting and responding to this story.