New Chinese Committee Bids on Blockchain to Disrupt Logistics
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....
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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.....
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.
During holiday seasons, technologies such as blockchain will be key to helping logistics companies meet customers’ demands, PricewaterhouseCoopers (PwC) Strategy Principal Andrew Schmahl said this week. Meeting Shoppers’ High Expectations. PwC estimates that this year shoppers will spend 10% more than last. Retailers will also benefit, with 62% of them....
In a surprise move, the Chinese government’s primary information technology ministry has published a research paper detailing blockchain’s benefits. Although it looks at many industries, the paper highlights the financial sector for blockchain technology’s first applications. Contributions From Many Chinese Industry and Government Sectors. The paper is....