Posts in category

Supply Chain


Richemont, the Swiss luxury goods giant that owns Cartier, is turning to blockchain in a move aimed to bring transparency to its supply chain. Jin Keyu, a renowned economist and an associate professor at the London School of Economics (LSE) who was appointed by Richemont as a board member last year, said during a speech …

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A Switzerland-based trading platform for metal concentrates is forming a blockchain consortium aimed to streamline supply chains in the minerals industry. To that end, Open Mineral – a startup established by a group of former employees from commodity trading and mining giant Glencore – said it has already started working with the ethereum startup ConsenSys to …

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Even if blockchain fatigue may have set in among bankers, there’s at least one use case they’re still clearly excited about: trade finance. At least, that was the impression given at the Blockchain Summit in London this week, where a range of bankers talked enthusiastically about the digital trade finance platforms they are building and …

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The U.K.’s Food Standards Agency (FSA), a safety watchdog, announced Monday it has successfully piloted a blockchain-based supply chain monitoring system. The trial tracked meat produced in an unnamed cattle slaughterhouse, providing “improved transparency” throughout the supply chain, according to a press release. Both the slaughterhouse and the FSA tracked data provided in the trial. FSA …

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Industrial conglomerate General Electric (GE) wants to use a blockchain to verify 3D-printed parts in its supply chain, according to a recently-published patent filing. Published by the U.S. Patent and Trademark Office (USPTO) on June 21 and submitted last December, the application outlines a method for integrating blockchains into additive manufacturing – commonly known as 3D …

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Pharmaceuticals giant Merck is seeking a patent for a way to use blockchain in order to track goods as they move through the supply chain. Published last Thursday and submitted in December 2016, the patent application outlines a method by which a blockchain could be used to store information about a physical object – in …

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Sure the cypherpunks love CryptoKitties, but turns out luxury fashion brands are also taking a shine to the digital fluffballs. Or at least, they’re into the technology behind the ethereum-based decentralized application that captured the hearts and minds of crypto enthusiasts in December of last year. According to French startup Arianee, which boasts former employees …

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The South Korean government will invest 10 billion Korean won (or $9 million) to support blockchain development in the country, with plans to carry out six pilots using blockchain technology. According to a report from CoinDesk Korea, the country’s Ministry of Science and ICT published a blockchain development strategy on Thursday. The agency said the government plans to …

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IBM iX – Big Blue’s digital strategy arm – and ad software provider Mediaocean are teaming up to form a blockchain consortium aimed to solve some of the biggest issues in the advertising world. The consortium, which has already signed up major brands such as Kelloggs, Kimberly-Clark, Pfizer and Unilever, will be using blockchain technology to ultimately …

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Paul Brody is a principal and the global blockchain leader at EY We were promised a global financial and industrial revolution. We got a mango tracker. Three years since enterprises started exploring the possibilities in blockchain, it’s perfectly understandable to be disappointed with what we’ve got so far. But believe it or not, the seemingly …

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A United Nations body that facilitates global trade is examining blockchain and smart contracts to see if they could play a role in its mission. To that end, the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) has just published a white paper – now available for public review – that studies the nascent technology to …

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When HSBC’s Vinay Mendonca thinks about how distributed ledger technology (DLT) will reshape global trade, he sees two scenarios – one inspiring, the other dispiriting. In the best case, blockchains and other digital platforms should do for the global value chain what shipping containers did for the physical transportation of goods. Just as the standardized …

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The Australian arm of “Big Four” auditing firm PwC is working a new solution aimed to boost efficiencies in the country’s international trade systems. Announced Tuesday, PwC Australia is collaborating with the Australian Chamber of Commerce and Industry (ACCI) and the Port of Brisbane for the development of a new platform that utilizes blockchain technology to …

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Supply chain management firm Tradeshift has announced plans to further expand into blockchain following a $250 million Series E funding round led by Goldman Sachs and PSP Investments. The round, which also saw HSBC, H14 and others participate, brings Tradeshift’s total funding to more than $400 million and values the firm at $1.1 billion, according to …

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Australia’s Department of Home Affairs (DHA) is looking to blockchain technology to provide secure and transparent international trade and supply chain management. The department is hoping to modernize international trade management in the country and is pushing for a pan-governmental framework for emerging technologies, including blockchain, AI and the internet of things, to provide real-time …

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“I think the applications are almost limitless.” So said Douglas Maughan – who serves as the Science and Technology Directorate’s cybersecurity division director, a group within the Department of Homeland Security – before two Congressional subcommittees on Tuesday. Maughan’s remarks came during a wider discussion on the application of blockchain to supply chains, joining a …

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A pair of Congressional subcommittees will continue their fact-finding mission on blockchain during a hearing tomorrow. Tomorrow’s session will be more narrowly focused compared to a similar hearing held by the House Committee on Science, Space and Technology’s Research and Technology and Oversight Subcommittees in February. While that event cast a broad net – covering …

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Michael J. Casey is chairman of CoinDesk’s advisory board and a senior advisor of blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. After multiple proofs of concept, pilots and early rollouts, supply chain management is emerging as the killer …

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Ethiopia is exploring the use of blockchain technology to track the supply chain for its largest export, coffee. For the effort, the East African nation has partnered with blockchain research and development company IOHK to develop blockchain applications for coffee shipments and other areas of agriculture. In a press release, IOHK said it is collaborating …

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The concept of microinsurance is getting a shot in the arm from new technologies, not least among them blockchain. A term coined at the turn of the millennium, “microinsurance” is often defined as coverage for people on very low incomes. However, the concept has run up against many of the problems faced by microfinance generally. …

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