Blockchain 

Sports Blockchain Venture Chiliz Announces Strategic Partnership With Binance Chain

Sports blockchain venture Chiliz has announced a strategic partnership with Binance Chain, the mainnet of major cryptocurrency exchange Binance. The news was revealed in an official press release on May 17. As previously reported, Chiliz ($CHZ) is a sports industry-oriented digital currency that powers the tokenized fan engagement platform and blockchain-powered mobile app, Socios.com. High-profile Socios partners to date have included major soccer teams Paris Saint-Germain and Juventus, who plan to use the platform to launch fan token offerings for their club-branded tokens, which will confer voting rights for club-related…

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Blockchain 

Luxury Fashion Brand Alyx to Use Iota’s DLT for Supply Chain Tracking

Luxury fashion brand Alyx intends to use Iota’s distributed ledger technology (DLT) for supply chain tracking, cryptocurrency news outlet The Block reports on May 15. Per the report, Iota’s system will be implemented in partnership with global manufacturing company Avery Dennison to allow Alyx’s customers to have full insight into their supply chain. By scanning QR codes with an app, it will reportedly be possible to track the course traveled by the item from its creation to the point of sale. The Block claims that data concerning the apparel’s production…

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Blockchain 

Social Media Platform Mithril Becomes Purported First to Migrate to Binance Chain

Decentralized social media platform Mithril (MITH) has adopted the Binance Chain, the mainnet of the leading cryptocurrency exchange Binance. The development was announced by Mithril in a blog post published on April 18. With the step, Mithril — a social media platform that rewards content creators with its native token MITH —  becomes the purported first to shift to the Binanche Chain, with MITH token migrating from ERC-20 to BEP2. At Mithril, users gain MITH through Mithril mining, while managing their assets on the company’s platform VAULT. Binance users will…

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Blockchain 

Iota, IoT Firm Evrythng Partner to Increase Transparency for Consumer Goods Supply Chain

Iota and internet of things (IoT) firm Evrythng announced a partnership to combine and apply their distributed ledger and IoT technologies to provide greater transparency for consumer goods supply chains. The news was revealed in a press release on April 17. According to the press release, Evrythng’s focus is to implement IoT and DLT technology to create unique, interactive and trackable identities for consumer products, with the aim of fostering greater transparency for both supply chain stakeholders and consumers. The partnership will reportedly see Evrythng’s Blockchain Integration Hub expand to…

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Bitcoin 

Binance Chain Launches, Firm Expects to Execute Mainnet Swap on April 23

Binance has launched its mainnet Binance Chain and expects to execute the swap of its native token Binance Coin (BNB) on April 23, according to an announcement on April 18. The major crypto exchange first revealed its plans to launch its own blockchain in December 2018, intending to build a basis for issuing new cryptocurrencies and initial coin offering tokens. According to the announcement, Binance is producing blocks with consensus from the genesis block as of today, with its native coin BNB planned to be issued in the genesis block.…

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Blockchain 

Tron Announces Sun Network May Launch Date, Reveals Key Phases for DApp Chain

Blockchain-based decentralized application (DApp) platform Tron has revealed the expansion plan of its second layer scalability solution, the Sun Network. According to a release published Monday, April 8, the network’s testnet will launch in late May. The Sun Network expansion plan includes developing DApp sidechains and cross-chain infrastructure. The second layer protocol is expected to increase the overall capacity of Tron’s network, while simultaneously allowing DApps to run with extremely low energy consumption and high security.   During the first phase, which is scheduled to start on May 30, Tron…

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Blockchain 

Chinese Shipping Giant to Explore Blockchain for Upstream Supply Chain Financing

China Shipbuilding Industry Company Limited (CSICL) is going to explore how it can apply blockchain to financing its upstream suppliers, reports official Chinese newspaper People’s Daily on March 27. CSICL is a subsidiary of one of the two largest Chinese shipping conglomerates, China Shipbuilding Industry Corporation (CSIC). CSICL signed a strategic cooperation agreement on supply chain services with Shanghai Bank. Per the terms of the agreement, CSICL and Shanghai Bank will purportedly develop an blockchain-based online supply chain finance platform for upstream suppliers of CSIC. The platform would ostensibly provide…

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Blockchain 

India to Use Blockchain to Improve Coffee Supply Chain

The Coffee Board of India has launched a pilot blockchain-based e-marketplace in order to integrate coffee farmers with markets. The development was announced by Indian Ministry of Commerce and Industry (MCI) on March 28. The Coffee Board — an organization backed by the MCI to promote coffee production in India —  has rolled out an e-marketplace for coffee producers in order to reduce the number of intermediaries between coffee growers and buyers. The product will reportedly be delivered in the form of an application and aims to improve transparency and…

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Blockchain 

North American Seafood Firm to Use Blockchain Tech in Supply Chain

North America’s largest branded shelf-stable seafood firm Bumble Bee Foods has launched a blockchain platform for seafood traceability. The project was created in collaboration with German tech company SAP specializing in enterprise software, according to a press release on March 8. Based on SAP Cloud Platform Blockchain service, the new platform can purportedly monitor the supply chain of yellowfin tuna from Indonesia to end customers. The announcement was made at the annual industry conglomerate South by Southwest Conference (SXSW) that is taking place from March 8 to March 17 in…

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Blockchain 

Retail Giant Carrefour Applies Blockchain for Tracking Milk Product Supply Chain

French retail giant Carrefour has continued blockchain development by applying the technology for tracking milk, according to a press release published on March 1. Starting from March, the retail giant is gradually rolling out its new blockchain-powered product, Carrefour Quality Line (CQL) micro-filtered full-fat milk. CQL is touted to guarantee consumers complete product traceability across the entire supply chain — from farmers to the store shelves. With CQL, consumers will be able to see the GPS coordinates of farmers whose animals’ milk was collected, get information about when the milk…

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