Juniper: Blockchain will save the food industry $31bn by 2024 – thanks to IoT convergence

Where some analysts take a bleak view of blockchain, Juniper Research is much more optimistic regarding the technology. The company's latest viewpoint argues that blockchain technologies would save the food industry $31 billion by 2024.

The figure comes from various hypotheses, the primary of which is blockchain's burgeoning relationship with Internet of Things (IoT) technologies. The use of IoT sensors and trackers will reduce retailers' costs by streamlining supply chains....

Thailand considers using blockchain technology to prevent VAT fraud for oil exports

A number of government departments in Thailand are turning their head towards blockchain technology for the oil industry, recent reports argue.

As reported by Ledger Insights, Thailand’s Excise Department has announced its partnership with Krungthai Bank in order to make use of distributed ledger technology for tax refunds to oil exporters and also prevent VAT fraud in the country.

By making use of blockchain, the excise department will have a clearer picture of the...

Hahn Air claims first real-world airline ticket delivered through blockchain

Germany’s Hahn Air recently used the open-source travel distribution platform Winding Tree to issue the world’s first airline ticket powered by the blockchain technology, the company announced.

Hahn has also become the first airline company to fly passengers holding blockchain-powered tickets on its flight that took off from Dusseldorf to Luxemburg on November 18.

The Winding Tree platform allows Hahn Air to list its inventory and manage their reservation requests...

Report finds nearly $700m in cumulative funding invested into energy blockchain development since 2015

A new report from Navigant Research states that 236 vendors, 254 projects and nearly $700m in cumulative funding has been invested into energy blockchain development since 2015 across five global regions.

Johnathon de Villier, research analyst with Navigant Research, said: “Key findings from our analysis highlight the shift in focus away from transactive energy (TE) and peer-to-peer electricity trading toward pragmatic use cases with shorter maturity horizons and proven business...

Nestlé and Carrefour use blockchain for infant nutrition range

Nestlé and Carrefour have collaborated on a blockchain project wherein the technology is being applied to infant nutrition to improve customer buying experience in terms of transparency and product quality.

The technology will be used on the Swiss food and beverage giant’s entire Guigoz Bio 2 and 3 infant milk range that will allow shoppers to access complete information about the supply chain used to bring the product to the shelf through a scan of a QR code on the...

IBM and VetBloom to form veterinary group focused on blockchain-based learning credentials

IBM and VetBloom, a provider of online veterinary courses and continuing education, are joining hands to establish a group focused on the application of blockchain for learning credentials in the veterinary industry.

The group will aim towards creating a framework for competency-based medical education by means of digital badges in order to back credentialing.

Still at its nascent stage, learning credentials on IBM’s blockchain will utilise this technology to generate...

Walmart Canada and DLT Labs come together for blockchain-based freight and payment network

Walmart Canada has introduced a blockchain-based freight and payment network, which uses DLT Labs’ supply chain platform ‘DL Asset Track’.

The network helps in tracking deliveries, verify transactions, and automate payments and reconciliation among Walmart Canada and its carriers that deliver inventory to over 400 retail stores across the country every year.

The freight and payment network manages, integrates, and synchronises all the supply chain and logistics...

SecuX launches crypto POS payment ecosystem to complement hardware wallets

Meet SecuX. The company, a provider of blockchain-based security solutions based in Taiwan since 2018, has expanded its offering with the launch of a cryptocurrency point of sale (POS) payment ecosystem.

The launch, which was made exclusively at Blockchain Expo North America yesterday, means the company moves beyond its previous product line around hardware wallets. Attendees were able to see a demonstration of the POS system and how users can pay using the app on either vending...

MPC Alliance launches to further multi-party computation message

Consortia are increasingly being seen as the way forward when it comes to true consensus across adoption of blockchain technologies – and the newly-launched MPC Alliance can be seen as the latest example.

The Alliance, which makes its public debut at the Blockchain Expo North America event today, focuses on ‘improving the security and privacy of personal and professional data through the application of privacy-preserving secure multi-party computation (MPC)’, in the...

Hyperconnected supply chains: IBM’s Pramod Achanta on blockchain teamwork

For those who regularly study blockchain technologies and the impact they are having on business, the change to supply chains across various industries is inarguable. The combination of creating efficiency, as well as transparency, is an irresistible story – as IBM will be happy to tell you.

Take shipping as a key example. Shipping is an industry where the value of distributed ledgers is rapidly being realised, with good reason: from sender to receiver, and from shipper to...