Blockchain Technology to Boost Supply Chain Evolution
Due to the rapid acceleration of technology in the past decade, many different aspects of life have been trying to play catch-up. One of the main areas where technology can — and probably will — have a major impact is supply chains. No longer is there a need to manually keep track of items, and put them in boxes by hand. Blockchain technology can play a....
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U.S. retail giant, Walmart, is about to start a major test of blockchain technology for supply chain management, The Wall Street Journal reports. A pilot project, which will start in the first quarter of 2017 and run for four months, plans to leverage distributed ledger technology to track and trace pork in China and produce in the U.S. — two high-volume product categories with large markets. This will be one of the first major tests of blockchain distributed ledgers outside the financial services industry. According to the WSJ, blockchain technology can help in overcoming delays and....
Provenance, a UK based blockchain supply chain traceability solution provider intends to fight illegal fishing and associated human rights violations. The applications of blockchain technology are proving to be endless. Name a challenge and it can probably be solved using Bitcoin’s underlying technology. Provenance, a social enterprise has proven it by adopting the technology for supply chain management, effectively tackling illegal fishing and human rights abuses. Project Provenance Limited, based out of the United Kingdom offers blockchain based supply chain transparency and traceability....
Blockchain technology has emerged as a tool for addressing an important global issue: the growing complexity of the food supply chain and the increasing amount of wasted food, according to a senior research fellow at the University of Surrey. Writing in The Conversation, an online source of information from the academic and research community, senior research fellow, Phil Godsiff said that a recent analysis suggested that half of U.S. food production is wasted, with global estimates above 30 percent. The growing use of sensors in the food supply chain, paired with blockchain technology,....
As the dust settles around a steady stream of positive blockchain buzz from major banks, a consensus on use cases that major institutions believe the technology can be applied to is beginning to emerge. One of the more often-heralded use cases is international trade, with institutions having presented a willingness to back efforts related to supply chain, using the technology to secure a chain of custody for physical goods, as well as trade finance – the process by which the movement of these goods is financed as part of the delivery process. So far, IBM has openly touted the supply chain....
With all eyes of the financial world on Bitcoin and Blockchain this year, what should be the legal framework of the new technology entering the official fintech zone? Who will be responsible for any financial losses? CoinTelegraph spoke to key speakers John Jegutanis and George Papageorgiou at the 2nd Athens Summit - The Evolution of Commerce and the Digital Finance Forum 2016 about Blockchain and its contribution to the evolution of commerce. Adoption of Blockchain and Bitcoin in Cyprus and Greece. John Jegutanis, Founder of Coinomi, caused a sensation with his speech at the 2nd Athens....