Ethereum 

Pundi X Expands Crypto Payments to Venezuelan Department Store Chain

Cryptocurrency startup Pundi X has partnered with major Venezuelan chain Traki, who will now offer Pundi X’s blockchain-based point-of-sale devices for crypto payments. Pundi X announced the expansion in an official blog post on Aug. 20. The device, called XPOS, will reportedly allow Traki’s customers to pay with top cryptocurrencies Bitcoin (BTC) and Ether (ETH), as well as a number of other cryptocurrencies and Pundi X’s native tokens. Traki’s progressive use of crypto With 49 outlets in total, Traki is one of Venezuela’s largest department store chains, per the report.…

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Blockchain 

Development ‘On the Chain’ to Promote Off-Chain Blockchain Adoption?

In the last decade, blockchain and distributed ledger technology has had an immense impact on a multitude of industries, with 84% of organizations experimenting with the technology, with more than half (52%) of blockchain projects in the research and development phase, according to the PwC Global Blockchain Survey.  The industries making important strides forward with blockchain include financial services, manufacturing, energy and utilities, health care, as well as government sectors, but the potential of the technology is limitless. Ultimately, any business that is looking to simplify the processing method of…

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Blockchain 

Grocery Involved in Nearly Half of all DLT Supply Chain Projects

The grocery sector is responsible for nearly half of all Distributed Ledger Technology-based (DLT) supply chain projects. UCL: grocery most active in DLT tracking Research conducted by the University College London centre for blockchain and retail blockchain consortium and published on Aug. 4 shows that the grocery industry has the highest number of DLT-based supply chain tracking projects. Per the report, nearly half of all the projects analyzed operate within the grocery sector, while about 15% respectively operate in the healthcare and fashion industries. Lastly, about 39% operate in other,…

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Blockchain 

UK Bank Standard Chartered Uses Blockchain for Supply Chain Finance

London-based bank and financial services firm Standard Chartered has completed its first joint blockchain-based supply chain financing transaction. Standard Chartered announced on Aug. 5 that the institution successfully ran their first joint deep-tier supply chain financing transaction in partnership with China-based supply chain financing service provider Linklogis. The news follows a memorandum of understanding signed by Standard Chartered and Linklogis in February 2019, when the firms agreed to collaborate on expanding the bank’s supply chain visibility, as well as to support sustainable growth of China’s economy and innovation. Linklogis platform…

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Ethereum 

Korea’s LG Launches Blockchain Supply Chain Platform For School Lunches

LG CNS, a subsidiary of South Korean multinational conglomerate LG Corp., will apply blockchain to foster supply chain transparency for school cafeteria lunches. The news was reported by business technology site ZDNet on July 9. The new system — created in collaboration with local IT service provider SayIT — will be based on LG’s proprietary blockchain platform, “Monachain,” which first launched in May 2018.  In cooperation with regional governments, the system will be implemented for foods served at national school cafeterias and will provide transparent information and supply chain history…

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Bitcoin 

Blockchain Supply Chain Market to Reach Over $9B by 2025

The global blockchain supply chain market is expected to reach over $9 billion by 2025, according to a study published by market research and consulting firm Allied Market Research (AMR) on July 8. AMR estimates that the global blockchain supply chain market will amount to $9.85 billion by 2025, showing an 80.2% surge of the compound annual growth rate (CAGR) from 2018 to 2025. Among the key driving factors, AMR named the sector’s demand for transparency, and improved security of supply chain transactions blockchain could purportedly ensure. By industry vertical,…

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Blockchain 

Nestlé Reveals Blockchain Supply Chain Tracking Pilot Program

Swiss-headquartered food retail giant Nestlé announced its intention to track its products along the supply chain with blockchain technology in a press release published on July 2. The project is jointly pursued with OpenSC. As Cointelegraph reported at the time, OpenSC is a blockchain platform launched through a partnership between WWF-Australia and global corporate venture BCG Digital Ventures in January. Nestlé claims that — thanks to this project — it becomes the first “major food and beverage company to announce that it will pilot open blockchain technology in this way.”…

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Ethereum 

Huobi Unveils ‘Finance Chain’ For Building Enterprise Blockchains

Huobi Group is jointly developing a new public blockchain for decentralized financial (DeFi) services, according to a press release on July 1. Major global digital asset financial service provider Huobi has partnered with Chinese blockchain startup Nervos enabling companies to deploy their own blockchains, tokenized assets, as well as DeFi services, according to the announcement. The joint initiative, provisionally called “Huobi Finance Chain,” is targeting enterprises, financial institutions, as well as exchanges, and is set to operate as a regulatory-compliant financial blockchain network. Specifically, Huobi is planning to enable regulators…

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Ethereum 

Walmart China Will Track Food in Supply Chain with Vechain’s Thor Blockchain

Walmart China plans to track food through its supply chain with VeChain’s Thor blockchain, reveals a VeChain press release published on June 25. Per the release, the Walmart China Blockchain Traceability Platform (WCBTP) will be a joint venture by Walmart China, VeChain, PricewaterhouseCoopers (PwC), cattle company Inner Mongolia Kerchin, and the China Chain-Store & Franchise Association. WCBTP has been reportedly announced at the 2019 China Products Safety Publicity Week Traceability System Construction Seminar jointly organized by Walmart China and the CCFA in Beijing. Walmart China already revealed 23 product lines…

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Blockchain 

Alyx Fashion Brand Launches IOTA-Powered Pilot for Supply Chain Transparency

Alyx — the luxe fashion brand founded by erstwhile Lady Gaga creative director and Kanye West collaborator Matthew Williams — is launching an IOTA-based pilot for supply chain transparency. The news was reported by industry magazine Vogue Business on June 24. Williams — who earned a 2016 LVMH Prize finalist nomination for his work at Alyx, and spearheaded brand partnerships with Moncler, Nike and Dior Men — has launched the blockchain pilot together with manufacturing giant Avery Dennison and London-based internet of things (IoT) software firm Evrythng. As reported, IOTA…

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