Trade
The trading industry has been benefiting from blockchain. A number of ICOs are being started by businesses that sell commodities and are turning to this technology to make sure their trade transactions are safe. Governments are also adopting blockchain, as it has proved effective in tracking products and guaranteeing a high standard of quality. It has also shown a high potential in improving trade relations between regions such as China and the ASEAN nations, as well as a means of tracking commodities and ensuring quality. The impacts are massive, ranging from government level to daily transactions. We are committed to following the latest trends, so follow us to keep up to date on the applications of blockchain on the trade industry.
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Trade
Iran Plans to Use Blockchain To Improve the Economy
Blockchain seems to be growing in Iran especially since it faced pressure from SWIFT. The country is said to be…
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Trade
A Blockchain Supply Chain Platform for Oil – IBM’s New Development
From coffee, to beef, to oil. The latest development applies blockchain in the management of oil's transactions in the supply…
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Trade
South Korea Plans to Use Blockchain to Trace Beef Through Supply Chain
In yet another development in blockchain, South Korea is now using the technology “to track beef through the supply chain…
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Trade
The Evolution of International Trade and the Adoption of Blockchain
The adoption of blockchain in the commodity, agriculture and international trade industries. What has been done and what can we…
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Trade
Commodities Firms Complete Blockchain Pilot for Black Sea Wheat
Two Swiss-based companies, Solaris Commodities and Transoil International, have successfully conducted a blockchain-based pilot transaction of Black Sea wheat.
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Trade
Agriculture giants join to digitize grain trading
The agriculture industry just got a major boost – grain trading is going digital. The world’s four largest agriculture companies…
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Trade
Singapore Power Group Releases Blockchain-Powered Market For Renewable Energy Trade
Singapore’s energy utilities provider, Singapore Power Group, just launched a blockchain-powered marketplace for renewable energy certificates (RECs). According to the…
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Trade
Maersk and IBM Struggling to Find Partners
IBM and Maersk are having a difficult time finding partners for TradeLens, their recently-launched DLT tool for supply chains.
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Trade
Rwanda Uses Blockchain to Track Conflict Metal Tantalum
The Rwandan government has partnered with Circulor to track tantalum, a precious metal. The move is due to growing concerns…
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Trade
Belgium Ports and Abu Dhabi Collaborate to Run a Blockchain-Based Trade Pilot
Abu Dhabi Ports and the Port of Antwerp are working on a blockchain pilot for the facilitation of international trade.
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