BMW, Ford, GM: World’s Largest Automakers Form Blockchain Coalition – CoinDesk

May 24, 2018

What is required to move those forward, he said, is a decentralized business network.

“You really have to have common standards and common ways for cars to communicate, to identify themselves and make payments,” Ballinger told CoinDesk, adding:

“But if each auto company is trying to develop its own car wallets or its own way of paying tolls, or providing a ride sharing service, it just doesn’t work; it’s the Tower of Babel.”

Dan Harple, the CEO of Context Labs, who is working closely with Ballinger, said the new consortium’s first step will be to establish a “minimum viable ecosystem” for gaining network effect.

Source: BMW, Ford, GM: World’s Largest Automakers Form Blockchain Coalition – CoinDesk, Ian Allison, May 4, 2018

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IBM introduces a blockchain to verify the jewelry supply chain | TechCrunch

April 26, 2018

“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

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Grocers Embrace Blockchain in New Era of Transparency | Progressive Grocer

February 19, 2018

“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

February 12, 2018

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

February 1, 2018

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

February 1, 2018

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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