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
Singapore Shipping Giant and IBM Partner to Digitize Trade Documents
Singapore's Pacific International Lines (PIL) and IBM will work together to digitize the Bill of Lading using blockchain technology.
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Trade
IBM Offering Revolutionary Blockchain Food Tracking System
After 18 months of testing, IBM announced that their blockchain-based food tracking system ‘Food Trust’ is now available for grocers.
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Trade
Blockchain, Brexit and the Irish border
With Brexit coming up, trade deals with the Republic of Ireland is imminent. Blockchain can be a solution to make…
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Trade
Banks and commodity traders join forces to launch a blockchain-powered platform
Global banks and trading firms have joined forces to launch the world’s first blockchain-powered network for financing the exchange of…
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Trade
China Wants to Use Blockchain in Agriculture and Industrial Poverty Alleviation
Despite the ban on cryptocurrencies, China seems to have accepted blockchain on a mass level. A company part of the…
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Trade
Agriculture could be inching towards a (much needed) digital revolution
As discussed in a previous article, global agriculture is currently mired in antiquated trade practices. The industry has largely failed…
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Trade
Accenture Rumored to Use Blockchain to Track Shipment Quality
Blockchain is going places. More and more companies are turning to this technology to improve their strategies as blockchain appears…
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Trade
Blockchain and Digital Smart Contracts: Working and Case Studies
Everything you ever need to know about Blockchain and digital Smart Contracts Like many other aspects of blockchain, one topic…
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Trade
Blockchain technology to modernise agricultural trade practices
Agricultural profitability has been almost halved since the 1980s, to the chagrin of many farmers and ranchers. In the ’80s,…
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Trade
Commonwealth Bank Ships and Tracks 17 Tonnes of Almond to Europe
According to the today’s official announcement on the Commonwealth Bank (CBA) website, the financial institution, in collaboration with five Australian…
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