Posts in category

Supply Chain


Rwanda has turned to blockchain for tracking tantalum, a metal used in consumer electronics, in a bid to address concerns over conflict minerals in global markets. Rwandan cabinet minister Francis Gatare, who is also CEO of the country’s Mining, Petroleum and Gas Board, announced the blockchain project at a meeting of the Rwandan Mining Association …

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A subsidiary of Abu Dhabi Ports has partnered with Belgium’s Port of Antwerp for a blockchain pilot aimed to facilitate international trade. The proof-of-concept (PoC) trial will be conducted by Maqta Gateway using its own blockchain platform, Silsal, which was launched in June to address inefficiencies in the shipping industry and better connect importers and exporters. According to …

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KPMG has decided to “refresh” its distributed ledger technology (DLT) strategy, according to new U.S. blockchain lead Arun Ghosh, who took over the group in September. Revealed exclusively to CoinDesk, the Big Four consultancy has taken to expanding its blockchain activities beyond the pure financial services work it had been doing, to explore a less-traveled …

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London-based Christie’s, one of the oldest and most noted art auction houses in the world, is turning to blockchain tech to securely store sales and provenance data. The firm, which has a history going back to 1766, announced in a press release Thursday that it is collaborating with blockchain-powered digital art registry Artory to pilot the …

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The U.S. Customs and Border Protection (CBP) plans to evaluate its foray into blockchain technology by the end of the year. Members of a government advisory group, the Commercial Customs Operations Advisory Committee (COAC), met on October 3 to advocate for regulatory reform around different trade-focused areas, with “emerging technologies” coming up as a point …

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Blockchain startup Citizens Reserve is partnering with enterprise software startup Blockdaemon to more rapidly deploy nodes. Announced Wednesday, the partnership is aimed at helping Citizens Reserve, lead by a team of former Deloitte blockchain employees, and its clients more quickly deploy nodes using tools developed by Blockdaemon, enabling users to more easily join the former’s SUKU …

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IBM is taking its food-tracking blockchain into production, making it one of the largest enterprise projects to achieve that milestone, and has signed European supermarket giant Carrefour to use it. Announced Monday, the commercial launch of IBM Food Trust means that large players, as well as small and medium-size enterprises (SMEs) in the food industry supply …

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This post was originally published here Overstock.com’s venture capital subsidiary Medici Ventures has invested in Israeli-based technology company VinX to develop a blockchain-powered wine futures platform, according to a press release published October 4. The exact amount of the investment was not disclosed. Per the announcement, VinX plans to develop a token-based digital wine futures …

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Medici Ventures, the blockchain accelerator and subsidiary of Overstock.com, has made a seven-figure investment in blockchain startup VinX. Israel-based VinX is developing a supply chain platform for trading wine futures, which allow connoisseurs and collectors to purchase a vintage while it’s still in the barrel, a year or two before it’s bottled and released on …

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Proof-of-work (PoW), the consensus mechanism that secures bitcoin and numerous other cryptocurrency blockchains, has given the technology a reputation for hogging energy. Indeed, a commonly advanced argument is that an army of specialized computers all racing to solve some arbitrary math problem can wind up using as much electricity as a small country. However, scientists from …

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Seismic shifts are happening in the world of enterprise blockchain. Announced Monday, the Hyperledger Project and the Enterprise Ethereum Alliance (EEA) have agreed to collaborate on bringing common standards to the blockchain space and cross-pollinate a wider open-source community. This joining of forces is notable as EEA and Hyperledger represent two of the three largest …

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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for 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. There’s a moment during almost every presentation I give on blockchain technology’s potential to address …

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The world’s largest telecoms firm, AT&T, has become the latest major corporation to launch a suite of blockchain services targeting diverse industries. AT&T said in a news release Wednesday that the solutions – which are largely focused on supply chain processes – can help businesses automate and digitize processes using blockchain tech. Citing use cases across industries …

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Dairy farmers in the U.S. may soon be tracking milk using a blockchain platform. The Dairy Farmers of America (DFA), a farmer-owned cooperative with more than 14,500 members, announced Tuesday that it would work to “increase supply chain transparency” by tracking milk products using a blockchain platform operated by food tech startup Ripe.io. The organization …

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The United Nations World Food Programme (WFP) is expanding its blockchain testing from refugee aid in the Middle East to supply chain management in Africa. Following the agency’s well-publicized pilot of an ethereum-based system for cash transfers in Jordanian refugee camps – a project known as Building Blocks – it now plans to test blockchain …

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Walmart plans to sell leafy greens that are tracked using blockchain technology within the next year. In a press release published Monday, the world’s largest retailer both by revenue and by employee count announced that it told its suppliers for leafy green produce to integrate a blockchain-based tracking system built in collaboration with IBM by September …

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A U.S. Navy command is exploring the potential of blockchain technology in tracking aircraft parts. The Naval Air Systems Command (NAVAIR) – which provides material support for aircraft and airborne weapons systems for the navy – announced in a press release Friday it is investigating whether blockchain could trace parts through their life-cycle more efficiently and cost-effectively …

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South Korea’s customs authority is looking to adopt Samsung’s blockchain tech as the backbone of a decentralized customs clearance system. Samsung SDS, the conglomerate’s IT arm, said on Friday that the Korea Customs Service has inked a memorandum of understanding (MoU) that will see Samsung’s Nexledger blockchain utilized for the new platform. Forty-eight domestic institutions, …

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Blockchain is able to fill in much of the $1.5 trillion-dollar supply-demand gap in global trade finance by easing financing for small- and medium-sized enterprises (SMEs) in emerging markets, new research says. Jointly conducted and released by the World Economic Forum and Bain & Company, the research indicates that, by deploying blockchain, global businesses can …

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Paul Brody is EY’s global innovation leader for blockchain. The views expressed are his own. At the beginning of this year, I wrote a column predicting that companies would find the allure of public blockchains irresistible. While a world of private blockchains provides many enterprises, regulators and central banks with the comfort that there are …

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