A Blockchain Sub-Committee Could Help Transform China’s Logistics Industry
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.....
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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.
Survey results suggest “blockchains thrive when being used for multiple integrated applications.” Singapore’s burgeoning blockchain industry has identified asset tracking and traceability as the top use case for distributed ledger technology, underscoring the need for better supply chain management in a post-pandemic world. The findings were presented Monday in the 2020 Singapore Blockchain Ecosystem Report by PwC in collaboration with OpenNodes, IBM, Ernst & Young and others. The report, which is based on a July survey of industry players, “gives a qualitative overview of the key....
The People’s Bank of China, the nation’s central bank, has announced the establishment of a FinTech committee. The PBOC has set up its own committee for ‘strengthening the research, work, planning and coordination’ of financial technologies, an announcement posted on the central bank website revealed. China’s central bank, which also acts as the country’s financial regulator, will also organize an ‘in-depth study’ on the impact of FinTech innovation in a number of areas including monetary policy, payment and settlement and financial stability. The PBOC has already experimented with new....