CoinDesk Releases 'Trade Finance and Supply Chains' Report
While many enterprise businesses continue to write off blockchain as technology for tomorrow, innovators like IBM are already using blockchain to refine their global supply chains and cut costs today. However, IBM is far from alone. Both incumbents and innovators are increasingly predicting the $18tn global supply chain sector will feel the brunt of blockchain’s disruptive potential. CoinDesk Research’s latest ‘Trade Finance and Supply Chains’ report takes a deep dive into this evolving narrative, showcasing how startups and incumbents are using cutting-edge technologies to rethink global....
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Aside from its budding use case in overhauling mainstream finance, blockchain technology has also been lauded for the way in which it can help enact social good. Jessi Baker, CEO and founder of London-based startup Provenance, established in the summer of 2013, is hoping to channel the potential of distributed ledgers to do just that. Alongside heading Provenance, Baker is also undertaking a PHD investigating new technologies to build more transparency into supply chains - the lack of which, she said, brings about most of the world's social and environmental problems. "One of the big....
A recent article in International Business Times revealed just how committed IBM is to helping industries reinvent themselves using blockchain technology. Jerry Cuomo, IBM’s vice president of blockchain, favors a blockchain-enabled insurance plan for driverless cars. He also sees an opportunity to move supply chains to the blockchain. As for improving global supply chains, the change will even be more significant. Cuomo called such projects “moonshots.” IBM Leads Blockchain Activity IBM has led efforts to adopt blockchain technology to multiple industries with several newly-revealed....
Swiss banking giant UBS has unveiled a project designed to replicate the entire lifecycle of an international trade transaction on Hyperledger's Fabric blockchain. Built in collaboration with IBM, the trade finance project is still in its earliest stages, but it's arguably already more ambitious than many blockchain prototypes that focus on just a single aspect of the process. Designed to "holistically" combine payment transactions, the prototype merges trade finance transactions, foreign exchange payments and more, into one single, elaborate smart contract. According to UBS's....
Parker Lewis of Unchained Capital joined "Fed Watch" to discuss supply chains and pricing mechanisms with Bitcoin.
An economic development firm owned by the city of Kouvola in Finland has received €2.4m to help pay for a project designed to streamline the supply chain using blockchain. To be dispersed over a three-year period, the money from Kouvola Innovation will be used in part to connect various enterprise resource planning (ERP) tools used by the trucking industry, warehousing industry and freight operating industry to manage their supply chains. While talk of streamlining supply chains by creating a single immutable record of products is increasingly common, this effort is different in that it....