Popular as a major commercial bank in China and one of the largest public companies in the world, China Everbright Bank (CEB) is working on introducing a blockchain-based supply chain finance solution in partnership with Ant Financial. Ant Financial, which is widely recognized as the financial arm of the Chinese e-commerce giant, Alibaba, teams up […]
The Chain Integration Pilot (CHIP) of the Auburn University RFID Lab in Alabama has published a proof-of-concept whitepaper that seeks to demonstrate the efficiency savings blockchain technology can unlock across the contemporary supply chain. The proof-of-concept was designed to ingest, encode, distribute, and store serialized data from multiple points throughout the supply chain on Hyperledger […]
Switzerland-based food retail giant Nestlé has also announced to implement a blockchain-based supply chain to track its product. The company is partnering with OpenSC for this pilot project. It is the first major food and beverage company to initiate the blockchain technology in this manner.
Lady Gaga’s fashion label Alyx has partnered with IOTA to implement blockchain in the supply chain. Alyx’s creative director Matthew Williams will implement it to improve the transparency of its supply chain in partnership with Avery Dennison and Evrythng. The fashion brand will add nine of its items to blockchain ledgers. It will showcase the entire […]
United States Food & Drugs Administration will implement blockchain on the drug supply chain. The firm is joining hands with IBM and Walmart to develop this system. The team will also include global pharma company Merck and audit firm KPMG. The intention of the partnership is to develop a proof-of-concept (PoC) blockchain network. This system will […]
US-based retail giant Target has announced to launch an open source blockchain based supply chain tracking. The company would integrate its components into the Hyperledger Grid project framework. This news comes from the official blog post of the company. According to the VP, the retailer worked with the blockchain technology called ConsenSource since mid-2018. However, Target […]
Soon, Volkswagen will use IBM Blockchain to track its mineral supply chains. this info officially comes from the announcement made by the renowned German automaker. It aims towards empowering the company to record mineral tracing in real-time. The MNC in its blog said that this move will help fulfill the sourcing standards set by the […]
The Malaysian State of Penang has announced its plans to implement blockchain technology in supply chain management of food and agricultural products. However, no specific details about time or any type collaborations has been revealed yet. The Deputy Minister of Agriculture and Agro-based Industries of Malaysia is assertive that implementation of the technology will reduce the operational costs and improve the overall security by eliminating middlemen.
Accenture has announced its collaboration with Mastercard, Amazon Web Services, Everledger and Mercy Corps to introduce a ‘circular supply chain’ focusing on creation of a blockchain-based transparent supply chain platform. The platform will use digital identity management and blockchain technology to enable consumers know the complete supply chain journey of products, from start to finish.
Until a few years back, consumer expectations were much less. Unlike today, they did not mind waiting even for a week or so, to get an order delivered at their doorstep. However, the current scenario is completely different; customers not only give preference to an item’s quality and price, but also their turnaround times. Today, […]