Accenture said in an article that supply chains operate like a “hall of mirrors” with billions, if not trillions, of document copies duplicated between parties resulting to enormous complexity. Tracking, reconciling and verifying this torrent of inventory, purchases, invoices, bills of laden, shipments and receipts is hugely challenging. But wait, there’s a solution - Blockchain.It has been forecasted that the blockchain supply chain market is expected to grow at a CAGR of 87.0% from year 2018 to 2023.Here is a round of supply chain on the blockchain news the past week!Click for source of photoDecentralized Supply Chain May End Food and Drug Safety Scandals in ChinaThe most recent drug safety scandal involved Changsheng Biotechnology, which was found to have forged documents relating to a rabies vaccine for babies, including product inspection records. Its management is now under investigation by the police and the China Food and Drug Administration.Click for source of photoThe Chinese cryptocurrency community is suggesting blockchain as a potential solution. “The entire vaccine supply chain should be open to all and a distributed ledger should be employed to help record every detail of the process,” said Li Xiaolai, one of the best known of the country’s crypto investors.Blockchain coming to India’s aid in war on fake drugsThe National Institute of Transforming India Aayog has planned to put the entire stock of medicines made in India on blockchain, in an effort to combat fake and spurious drugs.A recent report by the World Health Organization estimates that 20% of all drugs sold in India are fake. It also states that 35% of all the counterfeit drugs sold worldwide originate from India.New Zealand Start-up to Utilise Blockchain to Track its Supply Chain, Raises $ 1.2 Million in FundingA Kiwi startup has raised $1.2M to develop a platform which uses blockchain technology to trace garments from origin to sale, funding coming from NEM Community Fund. This will allow Origins to verify the source of apparel in the retail industry in a quest to end modern-day slavery.The Kiwi entrepreneur, Samantha Jones believes that her time in the military and living in developing countries as a child prompted her to come up with an idea to bring more unambiguousness in business processes. After the success of her project “Little Yellow Bird,” Jones now wants to give a unique identity to her products while also following the etiquettes which are expected from a socially aware 21st-century business.Blockchain for Beef to Ensure Supply Chain TransparencyA new blockchain-based platform, announced by US Agribusiness company Kelly Products, is designed to improve supply chain transparency in the southeastern United States meat industry.This platform ensures that data about a product’s source cannot be changed, making it more reliable. It is likely to be of considerable interest to the global meat industry, which has struggled with issues relating to supply chain transparency. Of particular note was the 2013 horse meat scandal in the UK, where products advertised as containing beef were found to contain horse.Farm data and blockchain the future of agricultureAgriDigital co-founder Ben Reid said that there’s so much value across supply chain just by looking at the agricultural data that’s collated and captured. He thinks this emerging blockchain technology is going to add extreme value as there’s a need to challenge the status quo.Click for source of photoAgriDigital believes it’s the right fit for providing transparency, efficiency, and trust to farmers and the post-farmgate agriculture ecosystem.BLOC Leads New Drive to Improve Supply ChainsBlockchain Labs for Open Collaboration (BLOC) has announced the creation of a consortium to explore how the marine fuel supply chain can become more transparent and efficient.The consortium will be run through BLOC’s subsidiary Maritime Blockchain Labs (MBL), and includes Lloyd’s Register, Precious Shipping, Bostomor, the International Bunker Industry Association (IBIA) and GoodFuels, all of whom represent a different link in the marine fuel supply chain.Trillion-Dollar Shipping Industry Betting Big On BlockchainIn the United States shipping and logistics accounts for nearly $1.5 trillion each year. The global logistics industry was valued at USD $8.1 trillion in 2015, and as the global economy grows it is estimated that this number will reach USD $15.5 trillion by 2024.Click for source of photoLeading logistics and blockchain technology companies such as DMG Blockchain Solutions Inc., Descartes Systems Group Inc., Blockstrain Technologies Corp., Drone Delivery Canada Corp. and AXS Blockchain Solutions Inc. have begun addressing issues within the shipping industry.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”.Want to be one of the first to use the Sweetbridge Wallet?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/sweetbridgealphaJoin 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 27 July 2018 was originally published in Sweetbridge on Medium, where people are continuing the conversation by highlighting and responding to this story.