Sweetbridge: Supply Chain/Blockchain Friday Wrap — Week ending 26 October 2018
Supply Chain/Blockchain Friday Wrap — Week ending 26 October 2018The present challenges of getting to market that are affecting a lot of engaged blockchain companies right now are nothing compared to the great benefits they will reap in the near future. Blockchain is helping supply chain step into a new era and more and more big players are coming on board.Here’s our weekly roundup of supply chain blockchain news!The Canada Border Services Agency Pilots IBM Maersk TradeLens Blockchain SolutionThe Canada Border Services Agency (CBSA) has agreed to pilot TradeLens, a blockchain-enabled digital shipping solution jointly developed by Maersk and IBM to promote more efficient and secure global trade. The CBSA is one of the first border agencies to join more than 94 organizations participating in global trade solution.Click for source of photoThe CBSA is participating in the TradeLens pilot to determine what role the platform could play in its business processes. Ultimately, the goal for the Agency is to see if this type of solution can help improve the quality and timeliness of commercial data, increase visibility to cargo movement past the first port of arrival and reduce the number of transactions necessary to make a release decision for shipments.Accenture and Digital Ventures launch supply chain-focused blockchain solution in ThailandAccenture and Digital Ventures, Siam Commercial Bank’s fintech subsidiary, have produced the world’s first fully integrated procure-to-pay blockchain solution to streamline purchasing processes, payments, and finance acquisition for Thai businesses.Click for source of photoThe solution has been incorporated into R3’s Corda open-source platform, and will significantly improve efficiency for supply chain operations.Port of Rotterdam tests blockchain to link container logistics and paymentsThe Port of Rotterdam will test a blockchain system for linking container logistics and payments beginning in January. The goal of the pilot will be to integrate physical, administrative, and financial streams within international distribution chains digitally making its move toward digitization when it comes to safety, climate change, and cybersecurity.Click for source of photoThe pilot will track a container through multiple freight modes from Asia to the Netherlands and results will be ready for announcement in February.MSC to test Abu Dhabi Ports’ blockchain solution SilsalAbu Dhabi’s Maqta Gateway will test its blockchain solution, Silsal, through a partnership with Mediterranean Shipping Company (MSC). While Silsal has already been tested internationally, the test with MSC will be the first proof of concept of its kind involving a global marine operator.Click for source of photoSilsal will provide a seamless and secure link between stakeholders across the trade community using the electronic ledger system. MSC will provide vital information and feedback on the international pilot project, which will test the capabilities of the technology to exchange, identify, and acknowledge cargo documents and certificates between Abu Dhabi Ports and other ports.Visa Partners With IBM to Launch Blockchain-Based Digital Identity SystemVisa’s digital identity feature will take sensitive banking information like account details and numbers and “tokenize” them, assigning them a unique identifier to be used for transactions on B2B Connect.Click for source of photoVisa will utilize the Hyperledger Fabric framework, hosted by Linux and developed alongside IBM, with the goal of creating a scalable and permission-based network. Visa plans to commercially launch B2B Connect in Q1 of 2019.Tencent and Huawei-led Chinese Consortium to Launch Coinless BlockchainThe Financial Blockchain Shenzhen Consortium (FISCO) has announced the launch of FISCO BCOS, a revolutionary coinless blockchain platform designed to meet the regulatory and operational requirements of the financial industry. FISCO, which is one of China’s largest blockchain consortiums, has more than 100 members including WeBank, and tech giants Tencent and Huawei.Click for source of photoThe coinless framework, called an Open Consortium Chain, was pioneered by WeBank and its purpose is not to serve as a single blockchain platform, but instead to become an entire blockchain ecosystem in its own right, made up of a number of blockchain applications aimed to solve specific problems.IBM inks Partnership With Travelport to Bring Blockchain to the Travel and Tourism SectorThe new partnership will combine Travelport’s data and IBM’s blockchain technology to intelligently track, manage, analyze, and predict the costs of travel in one place. This can fundamentally change how companies plan and optimize their travel programs.Click for source of photoThe major goal of Travelport through this partnership is to thoroughly understand the blockchain technology and its use cases for travel.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 26 October 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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