SBI Sumishin Net Bank partners with DLT Labs on supply chain financing network

Japan’s largest digital bank, SBI Sumishin Net Bank (SSNB), have entered into a joint venture with DLT Labs to offer a blockchain-based supply chain financing network across Japan, with wide applications to industrial partners, the banking sector, as well as clients.

The supply chain financing network will be powered by DLT Labs' blockchain development platform and will provide end-to-end supply chain financing designed to integrate with clients’ supply chains.

DLT...

Featured: The Block’s list of innovative blockchain companies to look out for in 2021

Feature 2021 is going to be an exciting year for blockchain technologies. The launch of Ethereum 2.0, the ongoing volatility of Bitcoin and the intriguing use cases arising from DeFi will continue apace, while enterprise opportunities, from finance, to energy and sustainability, to the wider supply chain, remain.

The Block has selected seven companies to feature for 2021. Read their stories below:

Butterfly Protocol

Butterfly Protocol's goal is to provide a...

TruTrace and Applied DNA Sciences collaborate on blockchain-based cannabis validation

Applied DNA Sciences (APDN) and TruTrace Technologies (TruTrace) are cooperating to create a platform that offers end-to-end traceability and transparency within the cannabis industry.

Their integrated solution combines TruTrace’s blockchain-based SaaS (software as a service), StrainSecure, with APDN’s molecular tagging system, CertainT, to deliver a secure platform that will increase supply chain visibility.

TruTrace’s software is currently used throughout global...

NHS works with Hedera Hashgraph and Everyware to monitor Covid-19 vaccine storage

The National Health Service (NHS) is working with Hedera Hashgraph and digital asset tracking and monitoring provider Everyware to monitor cold storage equipment being used to store Covid-19 vaccines.

Certain Covid-19 vaccines, such as the vaccine developed by Pfizer which was approved for use in the UK in December, require exact cold storage for ideal efficacy. Centralised distribution centres and transportation units can store the vaccine at the recommended -70°C for up to 10...

Covalent and IBM partnership looks to fashion sustainability through blockchain

IBM and fashion brand Covalent are teaming up to explore the carbon footprint and supply chain of the latter's products.

Covalent, a brand recently launched by sustinabile technology provider Newlight Technologies, provides fasion accessories, including eyewear and handbags. The company's products are made using AirCarbon, a biomaterial which is meltable and can be used as an alternative to plastic and leather.

The brand will use IBM's blockchain to create a verified...

Everledger and Rare Carat continue partnership for blockchain diamond provenance

Rare Carat, a jewellery marketplace provider, and blockchain technology firm Everledger are teaming up to deliver greater transparency and sustainability information on diamonds in the former's marketplace.

The companies noted the latest Everledger platform 'specifically aids demand generation for retailers searching for diamonds based on their sustainability efforts, credentials and compliance standards', as well as 'matching suppliers who want to securely share this valuable...

Jaguar Land Rover invests in Circulor for blockchain-based supply chain sustainability

InMotion, the venture capital arm of Jaguar Land Rover, has announced an undisclosed investment in blockchain technology provider Circulor.

Circulor, based in the United Kingdom and Ireland, offers 'traceability as a service', to enable tracing of raw materials throughout a global supply chain. Using a combination of GPS, biometrics and QR codes, as well as blockchain, movement of raw materials can be digitally verified at all points of the process.

The investment 'will...

Singapore strides ahead in blockchain with new innovation programme and trade network

The government of Singapore has announced a number of initiatives aimed at increasing real-world adoption of blockchain technologies.

Speaking at the Singapore Blockchain Village Peter Ong, chairman of Enterprise Singapore (ESG), ushered in a new Singapore Blockchain Innovation Programme (SBIP). The programme will engage various companies, from large enterprises to technology providers, to help 'facilitate the development effort and use cases for blockchain technologies in...

World Economic Forum muses on blockchain for ‘unique’ Covid-19 vaccine distribution challenge

The past couple of weeks have seen plenty of good news in the shape of a potential Covid-19 vaccine, from Pfizer, to Moderna, to Oxford/AstraZeneca. But efficacy updates are only the first hurdle to clear. Production, distribution and rollout - particularly noting the first two and its requirement for cold storage - remain key issues.

The World Economic Forum's (WEF) blockchain division has previously explored how distributed ledger technology could be key to an 'equitable'...

Bayer explores agricultural blockchain network with BlockApps

Enterprise blockchain platform provider BlockApps has launched the TraceHarvest Network in collaboration with pharmaceutical giant Bayer.

The initiative is claimed to be the first blockchain solution of its kind to track and trace the full lifecycle of agricultural products beginning with the seed source. Other solutions are available, about which this publication has reported, including Cargill and Agrocorp's test to procure wheat cross-continent on a blockchain platform, yet...