The Port Authority of the Bay of Algeciras (APBA) has signed an agreement under which it will collaborate with IBM on its shipping platform Tradelens, Europa News reported on Jan. 21. Tradelens is a digital platform based on blockchain technology developed by both IBM and international shipping giant Maersk. Algeciras is one of the top 10 busiest ports in Europe, hosting over 70 million […]

World Wildlife Fund-Australia (WWF-Australia) has announced the launch of a supply chain tool that uses blockchain to allow businesses and consumers to track food items, according to a tweet today, Jan. 17. The platform, dubbed OpenSC, is the product of a partnership between WWF-Australia and BCG Digital Ventures (BCGDV) — the global corporate venture, investment and incubation arm of United States-based Boston Consulting Group. […]

Customs authorities in Saudi Arabia have concluded a pilot scheme linking its cross-border trade platform FASAH with IBM and Maersk’s TradeLens blockchain platform. A press release from Dec. 26 reported the pilot’s conclusion. TradeLens, which IBM and Maersk created in August last year, is intended to be a basis for digital supply chains and launched with almost 100 entities willing to take part in the pilot. For […]

The U.S. Department of Defense says blockchain technology has “enormous” potential in helping improve disaster relief efforts. The Troop Support division of the Defense Logistics Agency held a meeting earlier this month in Philadelphia to understand how blockchain could have helped its already “successful” efforts assisting in Puerto Rico after the devastating Hurricane Maria in 2017. The meeting […]

  Modern Terminals, the second largest container terminal operator in Hong Kong, has joined the TradeLens project, a blockchain-enabled technological solution developed by Maersk and IBM. The TradeLens ecosystem – writes Modern Terminals in its press release – seeks to digitize and streamline processes in the global supply chain to deliver higher efficiency and lower cost. It includes […]

Global tech giant IBM is partnering with hardware manufacturer Seagate to ensure that computer hard drives are authentic using blockchain tech. The companies announced Tuesday that they would be logging Seagate-produced drives on the IBM Blockchain Platform to block counterfeits from being utilized in data servers or otherwise distributed to end users expecting genuine products. […]

Every time I attend a Blockchain conference or an Oil and Gas event and engage CFOs in a discussion about how Blockchain technology can disrupt their industry and revolutionize the way their business functions, I systematically hear the same rhetoric. “Look at the fluctuations of the Bitcoin. So many people have lost fortunes because of […]

By Laura Desmond Has trying to understand blockchain ever left you dazed and confused? Sick of hearing nonsense like SHA256 algorithms and byzantine fault tolerance? Just want to know what the hell blockchain is and why people keep talking about it? Well you’re in luck. In this article, I’ll explain in plain English what blockchain […]

Overstock.com’s venture capital subsidiary Medici Ventures has invested in Israeli-based technology company VinX to develop a blockchain-powered wine futures platform, according to a press release published October 4. The exact amount of the investment was not disclosed. Per the announcement, VinX plans to develop a token-based digital wine futures platform based on the Bordeaux futures model, that will enable […]

‘Retailers in Stores Eating Popcorn’ is screened in Chicago. Chicago – Retail success stories, plans for supply chain improvements and a spirited endorsement of the co-op hardware model highlighted the Ace Hardware General Session here during the co-op’s Fall Convention. During the 90-minute presentation, a wide variety of Ace dealers were recognized for achieving growth […]