China Everbright Bank, one of the world’s largest public firms, debuted a blockchain-based supply chain finance solution by Ant Financial. China Everbright Bank (CEB), a major commercial bank in China and one of the world’s largest public companies, is debuting a blockchain-based supply chain finance solution by Ant Financial. Ant Financial, the financial arm of…
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A new FDA study shows that blockchain technology can save the pharmaceutical industry $180 million in labor costs by tracking and tracing prescription drugs. UCLA Health and LedgerDomain, a blockchain development platform, announced a new study revealing that blockchain technology would save the United States pharmaceutical industry over $180 million each year. The study was…
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Alibaba’s import e-commerce platform embraces ant blockchain traceability system to make consumer goods transparent and trackable. Chinese e-commerce giant Alibaba announced its import e-commerce platform Koala has updated its products to include a full-link traceability blockchain system on March 16, according to a Sina Finance report from March 17. Blockchain increases logistic transparency The report…
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Sita and ULD Care consider using blockchain to save $400M in costs for the air cargo industry. Sita, an air transport communications and information tech company, and ULD Care, a trade association, are exploring the possibility of using blockchain technology to save $400M a year in the air cargo industry, according to the March 12…
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Canada’s government approves funding of two national companies to start implementing blockchain technology to trace steel. Canadian authorities have approved funding of two blockchain firms, Peer Ledger and Mavennet, to create a platform that enables steel traceability, reported Ledger Insights on March 9. The Innovation, Science, and Financial Development Canada (ISED), a government initiative in…
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Multinational telecommunications company Vodafone is exploring blockchain capabilities to improve its supply chain. Multinational telecommunications company Vodafone is exploring blockchain’s capabilities to improve its supply chain. By integrating blockchain into its internal processes, Vodafone aims to advance its supply chain by promoting and verifying a number of suppliers through a digital identity platform dubbed Trust…
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An IBM blockchain-based system has been implemented by an Ecuadorian dairy company to enable production processes monitoring. The Ecuadorian dairy producer El Ordeño has announced its integration with a blockchain-based system as part of a pilot program called IBM Food Trust, as announced in a press release. According to the IBM News Room, the company wants…
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A Blockchain company in the UK has a new program for Haitian farmers and their crop sales. A UK tech company recently announced a blockchain ecosystem for farmers in Haiti, bringing clarity to the supply chain while bolstering sales. Agriledger, a blockchain outfit based in the UK, was responsible for building this new ecosystem. Their…
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MediLedger, a working group comprising 25 major companies operating in the pharmaceutical supply chain has completed a pilot program with the US FDA. 25 leading pharmaceutical manufacturers, distributors, logistic partners, and other representatives of the pharma supply chain have published a report arguing in favor of adopting blockchain technology to track and trace prescription drugs…
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Indonesia’s regulators are cautiously warming to blockchain, with the country’s customs watchdog announcing the use of IBM’s TradeLens blockchain platform. IBM Indonesia has revealed that the Indonesian Directorate General of Customs and Excise has commenced using the blockchain-based shipping platform, TradeLens. The news follows several months of platform implementations, with the Indonesia Customs and Excise…
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