Tag: Supply Chain

According to a report by FedTech Magazine published on January 18, 2019, the U.S. Department of Health & Human Services (HHS) is moving ahead with its new data monitoring tool called HHS Accelerate to streamline the process of procuring and executing contracts. Department of Health Embraces Distributed Ledger Technology Blockchain technology continues to find new avenues for use across various industry…

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IBM and Minehub Technologies have collaborated in a bid to use distributed ledger technology (DLT) to improve operational and cost efficiencies in the mineral concentrates supply chain, according to a press release on January 16, 2019. Mining Supply Chain Gets an Update As stated in the press release, significant players in the mining industry, including Goldcorp Inc.,  Kutcho Copper Corp.,…

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Chronicled is a company that has been involved with the cryptocurrency space for some time now, as it was founded in 2014. The company recently announced that they have raised  $16 million in Series A Funding, led by an investment firm out of China on January 15, 2019. About Chronicled Unlike many other companies in the blockchain space, Chronicled has actually…

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Blockchain technology is primed to take over the automotive industry in the next three years. if senior executives in the sector are to be believed, reported Times of India on December 24, 2018. Blockchain to Augment Business Processes In a joint study conducted by the IBM Institute for Business Value and Oxford Economics, researchers concluded 64 percent of surveyed executives…

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The United States Air Force Institute of Technology (AFIT) has launched interactive tools targeted at making it easier for supply chain professionals to understand and effectively use distributed ledger technology (DLT) according to a press release on December 3, 2018. AFIT Set to Revolutionize the Military Supply Chain System In a bid to help supply chain professionals in the U.S….

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Twenty-six France-based companies including RCI Bank, Allianz France, Alten, BNP Paribas, and others, have tested R3‘s proof-of-concept blockchain solution with support from the French Association of Corporate Treasurers (AFTE). The system is targeted at helping firms conduct better know-your-customer (KYC) checks, according to a press release by RCI Bank on December 3, 2018. KYC on the Blockchain RCI Bank and…

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According to an article published by The New York Times on November 30, 2018, blockchain technology could prove to be a game changer for the jewelry industry. The innovation’s inherently transparent and immutable nature could mitigate the risk of counterfeiting within the fragmented supply chain specific to the industry. Increasing Number of Companies Turning to Blockchain Technology The jewelry industry…

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Circulor is partnering with the Rwandan Government to track tantalum, a precious metal used in consumer electronics. According to Circulor’s post released on October 16, 2018, the project which is currently live, will help miners in Rwanda follow guidelines laid out in international agreements to eventually eradicate any source of conflict Tantalum from the supply chain. Rwanda Takes Action with…

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Pacific International Lines (PIL), the largest privately-owned shipping firm in Singapore has recently partnered with IBM to improve their existing supply chain management processes via blockchain technology. According to an article published by the Business Times on October 4, 2018, the goal is to create a digital bill of lading, an electronic document provided to acknowledge the receipt of cargo…

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Her Majesty’s (HM) Land Registry, a non-ministerial department of the U.K. government, has joined forces with Methods software firm to integrate distributed ledger technology into its research and development initiative called Digital Street, which is aimed at revolutionizing the land registration and property buy-sell process in the United Kingdom, according to a news release by Gov.UK on October 1, 2018….

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