Blockchain spending in Europe will recover post-Covid-19, says IDC

The short-term outlook for blockchain technologies in Europe is not good right now amid the coronavirus pandemic - but there is a note of optimism in certain sectors, according to IDC.

The analyst firm's latest forecast, based on its European IT Buyer Sentiment Survey and global blockchain spending guide, shows spending on blockchain solutions will be down around 8% in 2020. This counters previous analysis which saw blockchain spending at $1.4 billion this year, running at a 58%...

How Covid-19 is shining a light on supply chain flaws – and why blockchain can help

As the Covid-19 pandemic continues to escalate, many organisations are facing an uncertain future. With various furlough schemes in place around the world protecting businesses for the near-term, there may be a window of opportunity to assess your business proposition, explore future trends, and work out the best path to take once the 'new normal' establishes itself.

"Those kinds of things always require a bit of a step back," Alan Vey, co-founder of blockchain technology startup...

World Economic Forum advocates ‘thoughtful’ blockchain implementation for supply chain post-Covid-19

The World Economic Forum (WEF) has launched a blockchain deployment toolkit aimed at presenting guidelines for implementation best practices - as the body urges that beyond the coronavirus pandemic a 'thoughtful' outlook for the technology is required.

The toolkit is the result of more than a year's work by the WEF, working with more than 100 organisations and 50 countries and looking into 40 blockchain use cases, from provenance and traceability to automation and streamlined...

Northwell Health joins IBM blockchain supplier network – reports

Northwell Health, New York's largest healthcare provider, has joined IBM's Rapid Supplier Connect blockchain network to assist with provisions for the Covid-19 pandemic.

Rapid Supplier Connect, in the words of IBM, is a 'consolidated source for buyers to meet non-traditional suppliers and see their inventory availability.' It provides emergency supplier onboarding and inventory availability, helping cut down procurement time to vet and identity suppliers of medical equipment. The...

Cargill and Agrocorp see success in cross-continent blockchain transaction for wheat

Here's a new interesting blockchain case study featuring the food supply chain. Food and agriculture giant Cargill, alongside agri-commodity trading provider Agrocorp, have announced the completion of a test whereby wheat was procured cross-contintent on a blockchain platform.

The commodity trade transaction, which went from North America to Southeast Asia of a shipment valued at $12 million, was settled on April 1 using Singapore-based DLT ledgers, according to a...

Tesla among stakeholders in Shanghai blockchain cargo trial

Tesla has joined hands with CargoSmart, the China Ocean Shipping Company Limited (COSCO), and the Shanghai International Port Group (SIPG) to trial a new application that will transform the current cargo release process. This pilot is said to be the first of the projects wherein an ocean carrier is organising a real-time exchange of shipment data with a terminal operator through blockchain.

During the pilot, not just the benefits of having a single and trusted source of truth in...

Blockchain for a brighter future in 2020 and beyond

Industry has long been easily excited about concepts from virtual and augmented reality (VR/AR) to autonomous vehicles, wearable technology to chatbots and drones, the list goes on. After innovations emerge, the pattern after much debut hype, is to go underground into pilot programs until the market achieves tangible validation.

If 2019 was the year that blockchain hype persevered, albeit among much polarisation, then 2020 will give way from previously unstructured experimentation...

BMW looks to blockchain for supply chain transparency

BMW Group is continuing to use blockchain technology to trace and track components and raw materials multi-stage international supply chains. According to Andreas Wendt, member of the board of management of BMW, who’s responsible for purchasing and supplier networks, the automaker successfully conducted a pilot in 2019 to purchase front lights and in 2020 it is expanding the project to a large number of other suppliers.

Apart from implementing blockchain solutions, PartChain...

Nike and Macy’s take part in Auburn University blockchain trials

Auburn University’s RFID Lab has developed a blockchain platform for retailers who can share their product data across the retail supply chain, with major apparel brands like Nike and Macy’s, along with other brands, participating in a recent trial of the new platform.

According to a study called the Chain Integration Project (CHIP), Nike, Macy’s and other brands ran Hyperledger Fabric nodes on a part of their major supply chains, eventually finding out that the blockchain...

R3 paints optimistic look on enterprise blockchain adoption as companies become ‘smarter’

A new report from R3 paints an optimistic picture for enterprise blockchain initiatives, with companies learning more around how the technology works and delivery increasing.

The report, titled ‘Blockchain: 2020 Vision’, argues that delivery issues, rather than disillusionment, led to the slowdown. In other words, putting these things together takes time; companies who have been working on privacy, performance, and enterprise integration in 2018 and 2019 will see success in...