Overstock’s Medici Ventures Acquires Stake in Agricultural Blockchain Firm

Medici Ventures now has a 10 percent stake in agricultural blockchain firm GrainChain, with the option to acquire an additional 10 percent. Medici Ventures, the blockchain venture arm of Overstock.com Inc., has purchased $2.5 million in equity in agricultural blockchain project GrainChain, according to a press release shared with Cointelegraph Dec. 4. Founded in 2003, […]

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Retail Giant Carrefour Launches Blockchain Food Tracking Platform for Poultry in Spain

Global retail giant Carrefour, which has recently joined IBM’s blockchain-based Food Trust, has deployed blockchain to track poultry in its Spanish shops. Retail giant Carrefour, headquartered in France and operating in more than 30 countries, is deploying a blockchain food tracking platform based on Hyperledger in its Spanish network, a press release states Tuesday, Nov. […]

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South Korea Science, Food Ministries to Use Blockchain for Tracing Beef Supply Chain

The South Korean government will use blockchain technology for agriculture goods’ tracking, specifically of the beef supply chain. The South Korean government will use blockchain technology for tracing beef and providing consumers with information from the food supply chain, Yonhap News Agency, the largest news agency in South Korea, reported yesterday, Nov. 20. Blockchain technology […]

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“Wall Street’s Bookkeeper” Enters Test Phase of DLT Replatforming Along With 15 Major Banks

The project claims to be able to process the entire daily volume of the U.S. equities market, however, critics remain doubtful. On Nov. 6, the post-trade market infrastructure behemoth, the Depository Trust & Clearing Corporation (DTCC), announced that it is entering the test phase of its attempt to replatform its Trade Information Warehouse (TIW) via […]

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US Fast-Casual Salad Chain Sweetgreen to Use Blockchain in Food Supply Tracking

Sweetgreen, a renowned U.S. fast-casual salad chain, has announced another $200 million funding round, mentioning blockchain among its key development areas. U.S. fast-casual salad chain Sweetgreen has announced a second funding round to raise $200 million, mentioning blockchain among its key development areas, according to a press release published Tuesday, Nov. 13. Throughout the first […]

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Commodities Firms Complete Blockchain Pilot for Black Sea Wheat

Two international agricultural commodities firms have completed a blockchain pilot for Black Sea wheat from the Russian port of Novorossiysk. Swiss-based Transoil International and Solaris Commodities have conducted a blockchain pilot transaction of Black Sea wheat, S&P Global reports Nov. 12. Both companies are involved in the trading of international agricultural commodities like milling wheat, […]

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Thai Deputy Prime Minister Calls for More Controls for Cryptocurrencies

The Deputy Prime Minister of Thailand has called for more regulation on cryptocurrencies, urging experts not to lag in developing new security practices. The Deputy Prime Minister of Thailand Wissanu Krea-ngam has called for more regulations on cryptocurrencies, local news daily the Bangkok Post reports Nov. 8. While Thailand introduced a regulatory framework for cryptocurrencies […]

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