Finnish City Awarded €2.4 Million to Test Blockchain-Powered Shipping
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....
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A Finnish development agency is piloting a blockchain-based logistics application in order to revolutionize the supply chain. The project is set for three years and is funded by 2.4 million Euros from EU’s INTERREG Central Baltic. Kouvola Innovation Ltd, or simply Kinno, is a development agency owned by the City of Kouvola, Finland. On the 1st of September 2016, a new project by Kinno – SmartLog – is kicking in: smart contracts are going to be built into actual shipping containers. The app is supposed to issue information about containers’ location, surroundings and such to different ERP....
Blockfreight, designed as the first end-to-end blockchain solution for the global cargo shipping industry, has announced its technology and has launched an initial token sale. The initial token offer of up to $1.9 million of Blockfreight Tokens [BFT:XCP] is available at a discount to its $1.00 (USD) retail value, according to Julian Smith, the company’s co-founder, and CEO. A Global Shipping Evolution. The global shipping industry is responsible for the movement of more than $4 trillion of cargo each year. Blockfreight marks one of the most significant developments since the invention of....
Newly established startup Shipcoin has launched a bitcoin-based shipping label system powered by Shippo’s shipping API to allow its users to ship products through the United States Postal Service. On the Shipcoin.io platform, users can simply enter basic shipping details including address, city, ZIP, senders details and recipient details to begin the process. After entering the dimensions and the weight of the package, the platform automatically generates a price and leads the users to a bitcoin payout page: “I'd like to see innovation is shipping and physical delivery. If you can start to....
This is a really interesting story, here. In a partnership deal with software company Koodilehto, a Finnish crypto-currency group dubbed FIMKrypto is starting a little something called Kryptoradio, an initiative that will allow for the broadcast of the bitcoin blockchain via national television broadcasting networks in real time. The partnership includes working with Digita, a Finnish national TV broadcaster. The broadcast signal will cover approximately 95 percent of Finnish territory, reaching up to five million people. So you might be asking yourself: why? The answer is simple. The....
21 Inc has announced that its Bitcoin Computer mining device is now shipping to most European countries, including major markets such as the UK, France, Germany and Italy. The news follows the company's recent expansion of sales to countries outside the US, starting with Canada. Further, 21 Inc said it is seeking to open up shipping to more countries over the coming weeks, and hinted that Asia could be next. The startup further noted that, for EU purchasers, the device comes with the same software that customers in the US and Canada receive. The full list of European countries where 21....