Category: Blockchain

French agribusiness Avril Group became the latest to team up with IBM Blockchain to apply blockchain technology to trace its “Matines Eggs” range from the farms to the consumers. The tracking will be done through Cloud network IBM Food Trust solution, which is based on Blockchain Hyperledger technology. Avril Group is the French market leader in the vegetable oil and protein industry, as well as the owner of the leading fresh egg and oil brands, Matines and Lesieur, among others. It has operations in 22 countries. The hens that lay…

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One of China’s largest financial institutions, China’s Construction Bank (CCB) launched its blockchain based re-factoring platform. The announcement, released on December 10th by local news outlet, Sina Finance App, further points out the bank aims to boost efficiency and reduce risks pinned to the factoring business. China’s state Owned Bank Launches Blockchain-Based platform Factoring is a popular channel that mid and small-sized businesses use to raise capital by selling their invoices at a discount to another firm. China’s state owned CCB, the world’s second largest bank in assets owned, launched…

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The Italian Banking Association (ABI) successfully processed the reconciliation data of an entire year of local banking activity on a blockchain platform. The association announced the successful test of the Spunta Project’s system in a press release published on Oct. 12. The successful test of the framework has been first announced by Italian media at the end of September though with little details. Platform viability has been demonstrated Now ABI reveals that the test has seen 200 million data entries being processed by the blockchain banking reconciliation system, effectively simulating…

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Five major automakers — BMW, General Motors, Ford, Renault and Honda — will start testing a blockchain car identification and payment system next month in the United States. Automakers envision self-paying cars, digital IDs Nikkei Asian Review reported on Oct. 14 that the partnership aims to test the vehicle ID system developed under the Mobility Open Blockchain Initiative. As part of the project, cars are assigned digital IDs linked to ownership, service history and a wallet allowing the vehicle to automatically pay fees without specialized hardware. The alliance reportedly envisions…

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Telegram’s blockchain project, TON, has entered the last preparation stage before going live. The code for running a blockchain node was released on the test network portal late Friday. Now developers and community members interested in the messaging app provider’s blockchain can start kicking the tires of a full node, a validator node and the blockchain explorer. The release had been previously scheduled for Sept. 1, according to the sources familiar with the project’s progress, but was delayed a few days for unclear reasons. According to Mitja Goroshevsky, CTO of…

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IBM and Chainyard have launched a blockchain network, Trust Your Supplier, designed to improve supplier qualification, validation, on-boarding and life cycle information management. Founding participants are: Anheuser-Busch InBev, Cisco, GlaxoSmithKline, Lenovo, Nokia, Schneider Electric and Vodafone. The aim is to eliminate manual processes, which make it difficult to verify identities and track documents like ISO certifications, bank account information, tax certifications, and certificates of insurance throughout the lifecycle of a supplier. Instead, Trust Your Supplier, uses a decentralised approach and an immutable audit trail built on blockchain, to eliminate manual…

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