“The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression.” ~ William Mougayar, Founder of Token Summit.From farms to healthcare; clothing to transportation; human rights to AI — blockchain is no longer just an idea, but a need. It may be a way of life sooner than we think.Here’s a round up of ‘supply chain on the blockchain’ news this past week!Blockchain Tech in Supply Chain Management to Reach USD 667 Million by 2024: Zion Market ResearchAccording to a recent report from Zion Market Research, the market was valued at around USD 40.00 million in 2017 and is expected to reach approximately USD 667 million by 2024. Growing at a compound annual growth rate of 49.16% between 2017 to 2024.Click for source of photoReference: globalnewswire.com/ref6How Blockchain Can Prevent Human Rights Violations in the Supply Chain“As companies continue to globalize their business models, corporate labor abuses aren’t just becoming harder to identify, they’re becoming harder to enforce. Faced with new vendors, in new industries, in new regions of the world, company executives simply cannot conduct the due diligence necessary to keep up with the pace.Thankfully, in the pursuit of a fairer commercial ecosystem, recent advancements in blockchain technology have the potential to put an end to corporate labor abuses, shining an immovable spotlight on safety and compliance practices at each juncture of the supply chain.” ~ Sweetbridge CEO Scott NelsonReference: irishtechnews.ie/ref1Blockchain For Supply Chain Management Explored By Indian State Of KeralaThe government of the South Indian state of Kerala has undertaken two blockchain initiatives to streamline operations in food distribution and farm insurance. The blockchain projects are headed by Keralan think-tank, the Development and Innovation Strategic Council (K-DISC). The food distribution project will reportedly use radio frequency identification (RFID) tags to track circulation of milk, vegetables and fish through the state.Click for source of photo“The project will ensure speedy delivery of high quality milk by continuously monitoring production, procurement and distribution through an electronic ledger.”said K M Abraham, Chairman of K-DISC. The whole system will be coordinated using the tags, the Internet of Things and mobile applications.Reference: blocktribune.com/ref2 / inc42.com/ref3SRM Provider Kodiak Rating to Develop Blockchain to Improve Supply Chain TransparencyThe Stockholm-based supplier relationship management provider Kodiak Rating announced that it will apply blockchain technology to improve supply chain transparency and traceability, and to better manage supplier risk.“Vinnova’s backing of the innovation shows a huge belief in [the project’s] ability to create impact,” says Sam Jenks, marketing lead at Kodiak Rating. Vinnova is a federal agency under Sweden’s Ministry of Enterprise and Innovation.Reference: spendmatters.com/ref5Brussels Airport digitizes transactions with blockchainThe Brussels Airport just launched a new blockchain-based application, called Freight Management App 1.0, to digitize transactions between carriers and third-party logistics providers (3PLs), according to Air Cargo News. The app will eliminate the need for physical papers to sign off a shipment’s transition of possession from a carrier to a 3PL, according to the airport’s head of cargo and logistics Steven Polmans, Air Cargo News reported.Click for source of photoThe new app is the first launch in a series of new apps that will all be connected to the airport’s cloud, BRUCloud, to allow more seamless data-sharing and reduce duplicate data.Reference: supplychaindive.com/ref4IBM, Mediacocean Launch Consortium to Trial Blockchain for Digital Media Supply ChainIBM iX, part of IBM, will collaborate with media software firm Mediaocean to trial blockchain for digital media deals and supply chain. The companies will lead a consortium that will also involve Pfizer, Unilever, Kimberly-Clark Corp, Kellogg, and IBM Watson, another unit of the US tech giant. The experiment aims to assess how the technology could increase transparency, combat fraud and streamline processes.The pilot, which is to start in July 2018, will be built on top of Mediaocean’s campaign management platform, which currently handles over $140 billion in annual spending across multiple media firms. The blockchain system will track the whole circuit of an advertiser’s media dollar movement. The technology will record all media transactions, from purchase order issuance to payments.Reference: cryptoinvest.com/ref7Adents Adds Microsoft AI to NovaTrack Supply PlatformPharmaceutical product traceability specialist, Adents has partnered with Microsoft to bring blockchain and AI technology into its new NovaTrack supply chain platform. Novatrack claims that it offers end-to-end traceability and visibility throughout the entire supply chain.Click for source of photoAdents said that NovaTrack utilizes Blockchain, AI, internet of things (IoT) and serialization functionalities to give comprehensive visibility throughout product distribution chains and life cycles. The Blockchain-as-a-Service (BaaS) approach allows each supply chain participant to either run blockchain nodes either on their premises or via the Cloud, which is preferable, as it simplifies technology lifecycle management, security, scalability and resource allocation.Reference: the-blockchain.com/ref8HalalChain, HalalTrail, HealthFX: Blockchain, IoT and cryptocurrencies for halal supply chains have arrivedHalalChain — Using Internet of Things (IoT) devices such as radio frequency identification (RFID) sensors and smart cameras with artificial intelligence to track and monitor each step of the upstream supply chain, the start-up aims to automatically gather and upload product information with no manual intervention, and continuously record it on blockchain.HalalTrail — Is preparing to begin field trials on its new blockchain service by tagging animals as they go through life on the farm. Pilot will start at the end of June to track chickens and lambs at farms in the UK. It will rely on the manual scanning of QR codes on the tags attached to the animals.Halal Pharma — In Singapore, Varun Panjwani, CEO of HealthFX, is preparing for the launch of a blockchain ledger to track the provenance of pharmaceuticals, including halal medicines, as part of a wide-ranging healthcare platform linking patients, healthcare providers and insurance companies in Southeast Asia.Reference: salaamgateway.com/ref9Why NZ can be a block party“It’s got all the ingredients a country needs to develop blockchain technology inside its own borders. The business ecosystems in both Australia and New Zealand are nicely ‘packaged’, to make testing of new technologies like blockchain easier. A tight business community gives you a real advantage.” Rupert Colchester, IBM New Zealand and Australia’s Head of Blockchain says.NZ Post Manager Strategy and Strategic Partnerships Dene Green said blockchain is an important tool in supply chain management. He added, “New Zealand’s brand is so closely aligned to premium food products, so it makes sense to have greater visibility across the whole supply chain.”Reference: bluenotes.anz.com/ref11Wirecard Uses Blockchain To Bring Mobile Payments To Supply ChainWirecard’s new tools provide what amounts to a high-end global network for supply chain purchases, between the businesses that sell supplies and those that consume supplies to produce finished goods. The system is designed to link merchants and producers directly, connecting all business processes directly through “smart contracts,” which have a direct connection to blockchain operations. That keeps the risk of fraud to a minimum and helps smooth out overall operations.Reference: paymentweek.com/ref10To 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 22 June 2018 was originally published in Sweetbridge on Medium, where people are continuing the conversation by highlighting and responding to this story.