Finnish City Partners with IBM to Validate Blockchain Application in Logistics
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....
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A blockchain startup, logistics companies and financial institutions in China have formed a ‘Blockchain Application Sub-Committee’ initiated by the China Federation of Logistics and Purchasing, Founded during the 2016 Fintech Global Summit held on December 20, 2016, the Sub-Committee will look to develop and introduce blockchain technology in the logistics industry, a press release revealed. Local blockchain startup Shenzen Digital Singularity, also known as BitKan, will lead and organize the Sub-Committee to help set standards and rules of blockchain adoption, for the logistics industry.....
At the 2016 China Shenzhen Fintech Summit held on December 20, 2016, the China Federation of Logistics and Purchasing (CFLP) announced the establishment of the Blockchain Application Sub-Committee in an effort to bring the logistics industry into the digital era by leveraging blockchain technology. The Sub-Committee, a collaborative initiative by the CFLP, several Chinese logistics companies, financial institutions and local blockchain startup, Shenzhen Digital Singularity (BitKan), has devoted itself to transforming the logistics industry by introducing the use of blockchain technology.....
Transparency is playing an ever-important role in the daily lives of consumers, as well as businesses. More and more services are being offered in a decentralized nature, which increases the need for transparency even further. India, a country where e-commerce is booming, and Bitcoin adoption is on the rise, is trying to solve the logistics issue plaguing business in every corner of the nation. Logistics is a nightmare for most businesses because they all rely on a central point of failure. Even though logistics is spread out over multiple truck drivers and cargo freighters, as soon as one....
Canadian Pacific – in operation since 1881 – has joined blockchain-based logistics platform TradeLens.
Arcade City is a blockchain-based ride sharing and car for hire application created by Christopher David. The blockchain technology has found its way into various industry segments over time, including peer to peer taxi rides and other similar services. Arcade City is the new kid on the block which is prepared to give the likes of Uber a run for their money. Ironically, the whole concept was born in defiance of the unionized taxi operators who protested against Uber’s operation in Portsmouth, New Hampshire and successfully got the ride-sharing platform banned from operating in the region.....