Budweiser’s parent company, Anheuser-Busch InBev, is doubling down on its interest in using blockchain tech to assist unbanked workers.
Through its ZX Ventures arm, the brewing giant – which also owns the Stella Artois, Corona and Beck’s brands, among many others – has invested an undisclosed amount in a Series A fundraising for blockchain-as-a-service (BaaS) startup BanQu, according to an announcement.
“Big Four” professional services firm EY has built a blockchain platform for a firm that will help consumers determine wines’ quality, provenance and authenticity.
The TATTOO Wine Platform has been developed for Blockchain Wine Pte. Ltd. using EY’s OpsChain solution, EY announced on Thursday.
Starbucks is moving to give consumers more information on its coffee products using a blockchain system that will track beans from “farm to cup.”
For the effort, the coffee chain is working with Microsoft to harness its Azure Blockchain Service in tracking coffee shipments from across the world, bringing “digital, real-time traceability” to its supply chains, according to an announcement from Microsoft.
Food and beverage giant PepsiCo has conducted a blockchain trial that brought a 28 percent boost in supply chain efficiency.
Dubbed “Project Proton,” the trial set out to examine if blockchain could address “industry challenges” in programmatic advertising.
PepsiCo’s project partner and media agency Mindshare announced the news Monday, saying that it assisted in the trial, which carried out a programmatic end-to-end supply chain reconciliation using Zilliqa’s blockchain platform.
Volkswagen Group has announced it will use blockchain tech to track its mineral supply chains.
The German automaker said Thursday that, in order to “responsibly source” minerals such as cobalt (used in lithium-ion batteries for electric vehicles), it has joined an open industry collaboration, which also includes Ford as a member.
The world’s biggest business organization is making blockchain technology available to its 45 million members, including Amazon, Coca Cola, Fedex, McDonald’s and PayPal.
Announced Thursday, the 100-year-old International Chamber of Commerce (ICC) has partnered with Singapore-based blockchain startup Perlin to improve supply chain processes at member firms, making them more traceable and transparent. The ICC will help members spread across 130 countries to connect to Perlin’s blockchain platform and benefit from the application of the nascent technology.
A scandal around the fraudulent actions of a vaccine manufacturer in China has sparking a heated debate over the last week – and now the Chinese cryptocurrency community is suggesting blockchain as a potential solution.
The uproar followed a report from China’s State Drug Administration, which, based on a tip-off, launched an investigation of the company – Changsheng Biotechnology – and found that it had falsified aspects of its rabies vaccine production data.
The news immediately drew widespread criticism both in the country and internationally, amid fears that some vaccines may not be safe to give to children.
The Australian arm of “Big Four” auditing firm PwC is working a new solution aimed to boost efficiencies in the country’s international trade systems.
Announced Tuesday, PwC Australia is collaborating with the Australian Chamber of Commerce and Industry (ACCI) and the Port of Brisbane for the development of a new platform that utilizes blockchain technology to link supply chain information – in theory eliminating difficulties with traditional methods by, a release states, removing complexity.
Maja Vujinovic, a member of CoinDesk’s advisory board, is the CEO of OGroup LLC and a former Chief Innovation Ofﬁcer of Emerging Tech & Future of Work at General Electric.
The following article originally appeared in Consensus Magazine, distributed exclusively to attendees of CoinDesk’s Consensus 2018 event.
Honeysuckle White is giving family and friends gathering for Thanksgiving dinner this year the opportunity to talk turkey with a traceable blockchain code on more than 200,000 turkeys sold through 3,500 retailers around the U.S. The traceable turkeys, a limited supply of which is also available through internet retailer Amazon, offer consumers a high-tech connection to the farm where the centerpiece of the meal began its journey to the table.
The blockchain, which Honeysuckle White developed using Hyperledger’s Sawtooth platform, is intended to establish a “proven and trusted environment to build a transparent food chain, integrating farmers and producers, suppliers, processors, distributors, retailers, regulators and consumers,” according to a company release.
Former President of Mexico Vicente Fox was part of a panel discussion at the Blockchain Economic Forum in Singapore on February 5, 2018, and had a number of insights on blockchain technology generally and how Mexico might make use of it to help curtail corruption and rein in the drug trade.
While President Fox openly admitted that he doesn’t understand blockchain technology that well at this point (learning more about it was a big reason he went to the conference), he does see the incredible potential for the use of a platform that democratizes data for the good of all.
In September, SophiaTX announced the first open-source platform to primarily integrate blockchain technology with SAP software, used by 87 percent of global businesses and 98 percent of the top 100 most-valued brands.
IBM is promoting the use of blockchain technology in the legal distribution of cannabis.
According to a document issued to inform to the government of British Columbia, IBM is touting the use of blockchain in order to ensure consumer safety and to include regulatory oversight in the legal distribution of cannabis "from seed to sale.
Michael J. Casey is the chairman of CoinDesk's advisory board and a senior advisor for blockchain research at MIT's Digital Currency Initiative.
In this opinion piece, one of a weekly series of columns, Casey argues that the value blockchain technology offers to supply-chain management will come once other technologies, such as 3D printing, bring major disruption to global manufacturing and delivery networks.
A group of eight major banks is close to forming a new kind of blockchain venture.
In contrast to the consortium models common to the sector, We.Trade recently revealed plans to move much of the European supply chain trade finance to a Hyperledger blockchain.
One of the world's largest airlines is looking at how it can apply blockchain technology to track workflows within its aircraft maintenance systems.
Air France, according to Aviation Today, recently discussed the possibility in a webinar alongside Microsoft and Ramco Aviation, a company that develops software for maintenance, repair and overhaul (MRO) systems that airlines use to service their aircraft.
Mizuho Financial Group is partnering with tech conglomerate Hitachi to develop a blockchain platform for supply chain management.
Announced Thursday, the two companies have reportedly agreed to test a system built on technology from the open-source Hyperledger blockchain consortium to determine whether they can use an immutable ledger to record orders, invoices and otherwise collect data about company operations.