Blockchain is helping companies from Vietnam and Thailand settle trades more smoothly. The Asian Development Bank (ADB), headquartered in the Philippines, has settled its first letter of credit (LC) transaction using the Standard Chartered-backed Contour blockchain network. The trade was a part of ADB’s trade and supply chain program and involved Standard Chartered and the […]
Continue Reading
No, the blockchain is not in your car. Luxury carmaker Groupe Renault tested its blockchain project aimed to ease compliance certification of vehicle components. The project, Extended Compliance End-to-End Distributed, or better known as XCEED, grew out of Renault’s partnership with other companies to develop a blockchain supply-chain solution by sharing data. It’s built on […]
Continue Reading
The two bills will now go to the House of Representatives for a vote. The Committee on Energy and Commerce has just approved two pieces of legislation to spur more in-depth analysis of blockchain technology in government, clearing the way for their vote in the House of Representatives. In an online debate moderated by Chamber […]
Continue Reading
One of the biggest retailers in the world is using blockchain to transform its supply chain. While it’s notable that some enterprises are beginning to deploy blockchain solutions this year, it’s important to point out that very few have done so. A report from Everest Group Research published in June shows that while 79% of […]
Continue Reading
Indian IT tech giant Tech Mahindra will build blockchain supply chain solutions for aviation, healthcare and telecom sectors. The Indian IT giant Tech Mahindra is planning to build and deploy an array of blockchain solutions on Amazon Managed Blockchain in the next 12 to 18 months. According to a report by The Economic Times on […]
Continue Reading
Blockchain can help the trade finance industry prevent billion-dollar scandals and ease trade financing, says expert. The pressure induced by the ongoing economic crisis, obsolete trade finance systems and mounting geopolitical tensions is pushing the international trade finance industry down a rabbit hole. To add to the already critical situation, recent trade finance scandals involving […]
Continue Reading
Food and wine fraud costs Australians $1.7 billion, but government and industry experts say blockchain could be the solution A supply chain forum featuring local experts and government officials has advocated using blockchain technology to fight the $1.7 billion worth of food fraud annually harming Australia’s primary sector. Blockchain Australia deputy chair Rob Allen moderated […]
Continue Reading
Centrapay, a digital payment platform that serves KFC, Adidas, BP, and Carlton Draught has secured an investment from Coca-Cola Amatil for an undisclosed amount Coca-Cola Amatil’s corporate venturing platform Amatil X has invested in digital asset and payment provider Centrepay, as part of the startup’s seed funding round. Coca-Cola Amatil, one of the largest bottlers […]
Continue Reading
Agriota E-Marketplace may give farmers in India more access to the UAE’s multi-billion dollar food industry. Food industry officials in the United Arab Emirates may soon have a blockchain-based supply chain to obtain agricultural products directly from India. According to an Aug. 31 report, officials in the United Arab Emirates (UAE) will be using Agriota […]
Continue Reading
Will the oil cartel put black gold on the blockchain? The Organisation of the Petroleum Exporting Countries has announced that its Second Workshop on Energy and Information Technology will be held on Sep. 21 via videoconference. This year’s event sees blockchain technology join the range of energy and tech-related topics to be discussed. However, it […]
Continue Reading