Supply Chain

Trade Finance Blockchain Marco Polo Pilots First Russia-Germany Transactions

Marco Polo, the trade finance blockchain with more than 20 global banks on board, is piloting its first trading arrangement between Germany and Russia. The pilot announced Friday involves Alfa-Bank and Novolipetsk Steel Company (NLMK) on the Russian side and Commerzbank plus metals engineering firm Vesuvius GmbH in Germany. Marco Polo, a joint undertaking between technology …

Trade Finance Blockchain Marco Polo Pilots First Russia-Germany Transactions Read More »

IBM Launches New Blockchain Supply Chain Product Using Red Hat Tech

Global tech giant IBM has launched a new integrated supply chain product based on IBM’s technologies including Watson AI and IBM Blockchain. Hybrid-cloud integration Called Sterling Supply Chain Suite, the new IBM’s product enables hybrid-cloud support of data integration between manufacturers, retailers and other network participants, purportedly providing greater reliability, transparency and security, the firm …

IBM Launches New Blockchain Supply Chain Product Using Red Hat Tech Read More »

Walmart Uses Blockchain Tech to Track Shrimp Supply Chains

United States retail giant Walmart, in collaboration with IBM, will use blockchain technology to track its shrimp supply chains. On Oct. 4, Indian business publication LiveMint reported that Walmart will use blockchain technology to track its Indian-sourced shrimp to select locations of Sam’s Club retail stores in the U.S. This is reportedly the first time …

Walmart Uses Blockchain Tech to Track Shrimp Supply Chains Read More »

Ant Financial and Bayer to Jointly Develop Blockchain for Agriculture

Bayer Crop Science has agreed to work with Ant Financial, the payments affiliate of Alibaba, to develop a blockchain-based system for agricultural product monitoring. The companies signed a letter of intent to utilize blockchain technology to increase efficiency, improve the income of farmers, ensure the production of high-quality food and aid in the digitization of …

Ant Financial and Bayer to Jointly Develop Blockchain for Agriculture Read More »

New Balance to Use Cardano Blockchain to Confirm Product Authenticity

Cardano CEO Charles Hoskinson announced that New Balance will be using the Cardano blockchain to help authenticate its products. The announcement According to a Sept. 28 article by Crypto Briefing, Charles Hoskinson, CEO of blockchain engineering startup IOHK, announced that American footwear brand New Balance will use the Cardano blockchain to allow its customers to …

New Balance to Use Cardano Blockchain to Confirm Product Authenticity Read More »

MediConnect Completes PoC to Track Medication Through the Supply Chain

Blockchain startup MediConnect has completed the workflow for the Proof-of-Concept (PoC) designed to track medications through the supply chain and begun integration of online pharmacy UK Meds’ processes to its platform. Tracking medication through the supply chain Per a press release shared with Cointelegraph on Sept. 26, MediConnect established a foundation and methodology for proof …

MediConnect Completes PoC to Track Medication Through the Supply Chain Read More »

Ant Financial Partners with Monsanto Owner on Agricultural Blockchain

Alipay operator Ant Financial has partnered with pharmaceutical giant Bayer Crop Science, Monsanto’s owner, to develop a blockchain solution for the food and crop industry. Letter of intent Enterprise blockchain news outlet Ledger Insights reported on the partnership on Sept. 26, also noting that the two firms signed a letter of intent to develop their …

Ant Financial Partners with Monsanto Owner on Agricultural Blockchain Read More »

Medici-Backed Blockchain Firm Wants to Unite the Coffee Industry of Honduras

Agricultural startup GrainChain backed by Medici Ventures, the blockchain venture arm of online retail giant Overstock, plans to unite the coffee industry of Honduras by delivering its blockchain platform to a network of local stakeholders. The firm has signed several agreements with the aim of bringing the entire coffee supply chain of Honduras together on …

Medici-Backed Blockchain Firm Wants to Unite the Coffee Industry of Honduras Read More »

GrainChain’s Smart Contracts Unite Honduras Coffee Business

Agro-focused blockchain platform GrainChain has brokered deals across the Honduran coffee supply chain to track the production and trade of beans over its smart contract system. The launch, announced today, is starting with a 2 percent sliver of Honduras’ 7-million-bag-a-year export industry – equivalent to “10-15 percent of the organic fair trade market,” says GrainChain …

GrainChain’s Smart Contracts Unite Honduras Coffee Business Read More »

Bank of America Joins Marco Polo Blockchain Trade Network

Bank of America has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain technology. Founded by startups R3 and TradeIX, Marco Polo is built on R3’s Corda blockchain platform. The network aims to deliver real-time connectivity, greater visibility for trading relationships and lower barriers to accessing capital. According to an …

Bank of America Joins Marco Polo Blockchain Trade Network Read More »