Major Canadian Bank Files Patent To Make Credit Scores… | News | Cointelegraph

According to the patent, the traditional manner of calculating a credit score is “not transparent”. Customers are not always informed when certain data affects their credit score, nor do they “have the tools to take control of their credit score.”

With distributed ledger technology as described in the patent, customers would be “notified when third party credit checks happen or when the credit score changes.” For example, in the case of a missed bill payment that negatively affected their credit score, consumers would be sent a credit alert.

Source: Major Canadian Bank Files Patent To Make Credit Scores… | News | Cointelegraph, Molly Jane Zuckerman, March 17, 2018

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Grocers Embrace Blockchain in New Era of Transparency | Progressive Grocer

“We’ve been very fortunate as an advocate for standards and education in industry to join the ride,” continues Nuce. “We built the UPC or the GTIN as a way for people to have interoperable identification all over the globe. These foundational traceability standards were developed many, many years before blockchain was ever a glimmer in someone’s eye. But now it’s all coming together.”

Source: Grocers Embrace Blockchain in New Era of Transparency | Progressive Grocer, Jenny McTaggart – Feb 16, 2018

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EY – Blockchain-enabled platforms are changing marine for the better – EY – Global

Blockchain-enabled platforms can successfully connect all players in the shipping value chain and advance critical capabilities.

EY and Guardtime, as well as other industry and technology leaders, present the “first of its kind” enterprise-scale platform to integrate and secure the entire stream of disparate data sources involved in insuring shipments around the world.

When risks ebb and flow, should insurance premiums adjust?

Source: EY – Blockchain-enabled platforms are changing marine for the better – EY – Global

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Shipping: IBM, Maersk Are Creating a New Blockchain Company | Fortune

Presently, many shipping supply chains are bogged down by a morass of paperwork shuffled between a glut of middlemen, Wieck says. Documentation, which when lost or delayed causes perishable goods lying in wait to spoil, can end up costing as much as a fifth of the total expense of physical transportation.

According to a 2013 study by the World Economic Forum, reducing the friction around information-sharing and border administration when it comes to international trade “could increase GDP by nearly 5% and trade by 15%”—a boost that amounts to trillions of dollars.

Source: Shipping: IBM, Maersk Are Creating a New Blockchain Company | Fortune, Robert Hackett, January 16, 2018

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Bitcoin Ethereum: How Blockchain Tech Is Revolutionizing Business | Fortune

One day last December, Frank Yiannas went to a Walmart store near company headquarters in Fayetteville, Ark., and picked up a package of sliced mangoes. Yiannas is Walmart’s vice president of food safety, and the fruit was part of a crucial experiment. He brought the mangoes back to his office, placed the container on a…

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How the World’s Oldest Company Reinvented Itself | HBR

On a larger scale, the Pathbuilder group supported Stora Enso’s transformation into a global renewable materials company. In 2006, 70% of revenues and 60% of the company’s profits still came from paper; today the new growth businesses contribute 67% of sales and 76% of profits. Since 2011 the share price has more than doubled. The culture is also evolving and improving, as evidenced by an annual survey that tracks the main levers for the transformation, including innovation and sustainability, leadership, team, and engagement.

Here’s how the Pathbuilder program succeeded — and how you can implement it at your company.

Source: How the World’s Oldest Company Reinvented Itself | HBR, Albrecht Enders and Lars Haggstrom, January 30, 2018

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Big law is having its Uber moment – Macleans.ca

AI-powered tools are potentially more accurate. Whether they realize it or not, even the sharpest lawyers inevitably bring their own biases to legal research. That, in turn, skews their ability to realistically gauge their chances before judges, who harbour their own preconceived notions of how law should be applied. Tax Foresight, by contrast, isn’t concerned with how a judge should rule, but rather what’s the most likely outcome based on past experience. It’s essentially Moneyball for tax lawyers.

Source: Big law is having its Uber moment – Macleans.ca

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