Posts Tagged ‘asset chain’
The Blockchain Technology Penetrates The Fashion World: H&M Empire Gives VeChain A Try | Crypto Update
Before buying an item, conscientious shoppers can open their VeChain app, scan a product’s NFC chip and retrieve data about that particular item including the material that has been used, the artist’s ID, colo, supplier, factory name and more relevant information.
Source: The Blockchain Technology Penetrates The Fashion World: H&M Empire Gives VeChain A Try | Crypto Update, November 18, 2018
Read MoreWinklevoss Twins Launch Stable Coin, Receive Green Light from Regulator | NewsBTC
The Gemini dollar has been built on the Ethereum network. According to CNBC, the pair are hoping that the new coin will help to bridge the gap between digital assets and traditional banking. It will allow users to convert U.S. dollars to the new Gemini dollars in order to move value quickly, and transparency around the world. Tyler Winklevoss spoke to the publication in a telephone interview:
“It is really a matter of bringing your U.S. dollars on to the blockchain and making them borderless 24/7.”
Source: Winklevoss Twins Launch Stable Coin, Receive Green Light from Regulator | NewsBTC, Rick D. | September 10, 2018
Read MoreStability In Volatile Markets: What You Need To Know About Stable Coins
Forget supply and demand. Unlike traditional cryptocurrencies, stable coins are concerned with achieving a fixed price. “Stable coins are trying to strike the balance of not being dependent on a central bank, while also securing price stability,” said Brigitte Luginbuhl, CEO of SwissRealCoin
Source: Stability In Volatile Markets: What You Need To Know About Stable Coins., Andrew Rossow, Sep 7, 2018
Read MoreBlockchain for Airlines and Aircraft Leasing | LinkedIn
The aircraft leasing industry is one of the fastest- growing industries globally. A number of factors have resulted in this growth, including but not limited to, a year- on-year increase in passenger traffic, the rise of low-cost carriers (LCC) and the growth of the APAC market.
Given the nature of this capital-intensive industry, it is interesting to note some of the antiquated systems and practices, which are still commonplace. For example, the maintenance of an aircraft is a process that uses cumbersome databases at best and, at worst, a paper- based system prone to losses and errors throughout.
With the rapid rise of digital technologies in other industries, it seems only a matter of time until the aircraft leasing game is affected. To that end, this article will explore the potential benefits of adopting Blockchain technology in the aircraft leasing industry and assess a number of potential use cases, which have a truly disruptive potential for all stakeholders involved.
Source: Blockchain for Airlines and Aircraft Leasing | LinkedIn, Hans Casteels, IBM | September 4, 2018
Photo by Mircea Iancu from Pexels
Read MoreBrooklyn Roasting and IBM Send Yirgacheffe Through the Blockchain – Daily Coffee News by Roast Magazine
It’s an admirable effort, but there are some key omissions, first and foremost the price paid for the coffee, which is not shown in the blockchain ledger. Secondly, the suggestion that “fairness” or some vague concept of supply chain equity is bolstered by blockchain seems unfounded. IBM and Brooklyn Roasting show only the Fairtrade premium-associated investments back into the coffee-growing community — investments made in 2016, with or without blockchain technology.
So while opening the books is commendable, the opening itself is by no means a solution to deep-rooted problems affecting the equitable trade of coffee.
Source: Brooklyn Roasting and IBM Send Yirgacheffe Through the Blockchain – Daily Coffee News by Roast Magazine, Nick Brown | July 26, 2018
n-roasting-and-ibm-send-yirgacheffe-through-the-blockchain/” target=”_blank”>Brooklyn Roasting and IBM Send Yirgacheffe Through the Blockchain – Daily Coffee News by Roast Magazine, Nick Brown | July 26, 2018
Read MoreThe Supply Side: Blockchain holds potential for retail applications – Talk Business & Politics
Coca-Cola is starting a pilot to use blockchain to identify inhumane labor conditions in its sugar supply chains. Coca-Cola plans to create a secure decentralized registry for workers and their contracts to help securely record their workers’ identities while providing a trail in case employers abuse their power.
Blockverify offers transparency to pharmaceutical, luxury, diamond and electronic supply chains. Blockchain works to verify counterfeit products, diverted goods, stolen merchandise and fraudulent transactions.
VeChain is a blockchain system that embeds customized chips into luxury products and allows manufacturers to trace the product from end to end. Consumers can scan a product with a mobile app to instantly know whether it’s real or fake.
NPD said the next step for retailers is to develop their own cryptocurrency to prevent customers from having to use credit cards when shopping online. NPD said the practice makes sense for the retailer, because if the customer could send the payment transfer via blockchain, it would avoid third-party clearing house fees retailers pay for processing card payments.
Source: The Supply Side: Blockchain holds potential for retail applications – Talk Business & Politics, Kim Souza, July 2, 2018
Read MoreIBM introduces a blockchain to verify the jewelry supply chain | TechCrunch
“Now we can share this [data] in a permissioned network and we can be sure it’s accurate,” he (Jason Kelley, the GM of blockchain services at IBM) said.
The notion of the permissioned blockchain is an important one here. It means that you have to be allowed on the blockchain to participate, and everyone on the blockchain has to agree to let any members on. “That’s what exciting with TrustChain. Each point in the supply chain has bought into the consortium,” he said.
Source: IBM introduces a blockchain to verify the jewelry supply chain | TechCrunch, Ron Miller, April 26, 2018
Read MoreBlockchain will speed up overseas shipping | The Star
A.P. Moeller-Maersk A/S, the world’s largest container shipping company, is enabling real-time tracking of its cargo and documents using blockchain. Four years ago, it found one shipment from Kenya to the Netherlands was held up 10 days just by paperwork.
Source: Blockchain will speed up overseas shipping | The Star, Kyunghee Park, April 20, 2018
Read MoreHyperledger Tech Heats Up Ahead of Software Debuts – CoinDesk
“There’s traction behind each of them, there are multiple companies now participating in development, they are maturing at a rate where they’re ready for production use,” he said, adding:”And in some cases are already in production use.”
Source: Hyperledger Tech Heats Up Ahead of Software Debuts – CoinDesk, Michael del Castillo, March 28, 2018
Read MoreBlockchain could save federal agencies billions | CNBC
The government’s current data processing, storage and security systems are in need of help — as the Pentagon’s $800 million mishap makes clear. If the government is serious about nixing inefficiencies and finally reducing our national deficit, it’ll embrace blockchain.
Source: Blockchain could save federal agencies billions | CNBC, T. Richard Stroupe Jr. , CEO, Sequoia Holdings | March 16, 2018
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