Supply Chain/Blockchain Friday Wrap — Week ending 9 November 2018Like chocolates, blockchain implemented from different companies with innovative use cases, specific components appeal to various types of people & businesses depending on preference. With the many ways blockchain is being developed right now, like chocolates — it can be sweet, minty, salty, or a combination with some spices!Here’s our weekly roundup of supply chain blockchain news!Spain’s Port Authority of Valencia to Use IBM’s Blockchain-based Supply Chain Management SystemThe Port Authority of Valencia (PAV), an organization that manages three state-owned ports in Spain, has reportedly integrated into IBM and Maersk’s blockchain-based TradeLens platform.Click for source of photoPAV, which trades under the name Valenciaport, has been integrated as an “early adopter”, which means that it will contribute to the platform’s initial stages of development.9 ocean carriers, terminal operators join new blockchain initiative to rival TradeLensNine major ocean carriers and terminal operators have agreed to develop a blockchain platform called the Global Shipping Business Network (GSBN), with the aim of increasing efficiency and transparency using distributed ledger technology, according to a press release.GSBN is at least the fourth blockchain initiative or pilot aimed at the ocean shipping industry.Sea cucumbers lead China’s logistics blockchain chargeSea cucumbers are considered a delicacy and an important ingredient in traditional medicine used to treat arthritis and improve sexual health, which are expensive in the market. Less than a kilo could cost about USD3000.Click for source of photoThat’s why Chinese e-commerce giant JD is cooperating with sea cucumber producers to put information — such as where the sea creature came from, when it was raised, fished, and produced — on their food tracking blockchain. The company has even installed 24-hour cameras that live stream the fishing area and production factory in the northern Chinese port city of Dalian.Microsoft, Interswitch Introduce Blockchain Trade Finance In NigeriaMicrosoft is partnering with pan-African digital payments and commerce firm Interswitch Group to develop a blockchain-powered supply chain finance solution for small and medium-sized businesses (SMBs) in Nigeria.Click for source of photoThe collaboration will connect financial institutions (FIs) with corporates on a digital platform to offer a seamless trade finance experience for both ends of the transaction. The solution, dubbed the Interswitch Blockchain Service (Supply Chain Finance Module), was developed on the Microsoft Azure Blockchain infrastructure to promote security and compliance of the platform.India’s 1st Financial Transaction using Blockchain Executed by HSBC for RelianceIndia unit of British bank HSBC has executed India’s first financial transaction using blockchain technology for a deal involving an export by Reliance Industries to its client Tricon Energy in the US.Tricon Energy used HSBC (India)-engineered blockchain-enabled Letter of Credit (LoC) deploying electronic Bill of Lading (eBL) platform Bolero to benchmark the country’s adoption of disruptive decentralized ledger technology in domestic and cross-border transactions.OriginTrail (TRAC) Takes Part In EUR 20 Million Digital Transformation Project For The European Agri-Food SectorOriginTrail (TRAC), a blockchain company developing data exchange protocol for interconnected supply chains, has become the go-to blockchain solution for 108 organizations, from 22 different European countries, involved in a SmartAgriHubs project, managed by Wageningen University & Research, the world’s leading provider of scientific education in the healthy food and living environment domain.Click for source of photoThe project aims to involve 2 million European farms and introduce 80 digital solutions onto the market. Blockchain technology provided to partners via the OriginTrail protocol is the underlying technology for building trust in supply chains that SmartAgriHubs is addressing. The blockchain is bringing the decentralization of trust, through end-to-end visibility and better guarantees of integral quality and safety. It is also addressing European consumers’ needs for traceability and transparency.New Zealand bank ASB pilots trade blockchainNew Zealand bank ASB in partnership with VerifyUnion has launched a blockchain single trade window application. The World Economic Forum recently reported that providing a single point of service for importers and exporters can reduce the time taken for processing trade documentation by 90%.Click for source of photoThe pilot trade involved meat exporter Greenlea Premier shipping a consignment to a large Korean importer. The trade mirrored a traditional transaction. The online system will reduce the time involved, help in fraud prevention and potentially reduce errors.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 9 November 2018 was originally published in Sweetbridge on Medium, where people are continuing the conversation by highlighting and responding to this story.