Tag: Supply Chain

Despite the immense potential, blockchain technology is still not mature enough in order to fully support the global supply chain, CEO and co-founder of Tradeshift, a digital invoicing startup told CNBC on September 19. Blockchain End-To-End Digitized Supply Still Not Attainable According to Christian Lanng, co-founder and CEO of Tradeshift, a web-based business network, and a free invoicing platform, blockchain…

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According to research conducted by the World Economic Forum (WEF) and Bain & Company, digitization and advanced technologies, like blockchain technology can help global businesses close the $1.5 trillion trade financing gap. Traditionally, trade and supply chains involve several stakeholders who make verifying information and reconciliation difficult. However, since blockchain technology operates as a shared database, it can eliminate many…

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On August 9, 2018, IBM and supply chain juggernaut Maersk have added 92 clients to their blockchain platform in a bid to revolutionize global shipping using blockchain technology. Blockchain and Logistics The new venture created by the two global companies has been dubbed TradeLens. Through its early, the companies have been working on an interlocking system of blockchain backed ports…

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Would you like the food you and your family eat to be safe? The answer is obvious – but guaranteeing food safety is not as simple as it might sound. At some point, the food that ends up on your dining room or restaurant table will be delivered on a truck. The transport of food products by truck, especially perishable…

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The Australian arm of PricewaterhouseCoopers, a London-based multinational professional services network, in collaboration with the Australian Chamber of Commerce and Industry (ACCI), and the Port of Brisbane has launched a ‘Trade Community System,’ powered by distributed ledger technology. The Power of the Blockchain The Trade Community proof-of-concept system is targeted at enhancing the operations of firms involved in the supply…

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Norway-based DNV GL has bought stakes in leading public blockchain provider, VeChain. The acquisition will allow the risk management and quality assurance company to gain access to tools and technologies for developing new digital assurance products. DNV GL and VeChain Partnership The two have yet to disclose the extent of the buy-in, as terms of the deal remain under wraps….

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Eric Piscini, the brains behind Deloitte’s blockchain prowess, has left the company. Currently boasting 1,200 employees, and starting with just three, Piscini was instrumental in scaling the blockchain operation to $50 million. Now, he has stepped down and decided to travel a different road. A Bright Future As per a report on May 14, 2018, Piscini was frequently approached and…

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Ten years after Bitcoin’s introduction, the world has just begun to wake up to the advancements and efficiencies of using blockchain-based administrative systems. Traditional media outlets have so far focused only on the price volatility of digital assets, ignoring the underlying technology by large. Korea’s Blockchain Push Beneath the un-reported depths of blockchain’s potential, companies and governments around the world…

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FedEx is testing blockchain applications to logistics. The technology behind bitcoin and other cryptocurrencies have since been identified as having immense potential for disrupting the logistics and supply chain management (SCM) industry. Fred Smith. Source: GreenTechMedia With many cutting-edge solutions being developed by startup companies, the established corporations seem forced to innovate or lose their perch. FedEx appears to be…

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Announced on May 3, IOHK has signed a memorandum of understanding (MOU) with Ethiopian government to onboard local developers to leverage Cardano’s blockchain platform and develop the AgriTech sector. Ethiopia is Fertile Land for Blockchain Tech The world’s most populous landlocked country Ethiopia has jumped on the blockchain bandwagon to boost its agriculture industry. The IOHK signed an MOU with…

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