Blockchain technology remains one of the hottest trends among financial, government and commercial organisations around the world. Information about new projects and initiatives in this area is received daily. ForkLog magazine offers an overview of the most interesting recent initiatives.
The manufacturer of luxury watches has transferred certificates of authenticity to the Ethereum blockchain.
The Swiss luxury watch manufacturer Breitling offered its customers digital certificates of authenticity.
The company is collaborating with the Arianee project, which uses the Ethereum blockcheck. All new watches will receive a unique digital certificate – it contains the serial number of the product and the warranty activation date.
The document is stored in an encrypted electronic wallet. Breitling noted that the certificate is not linked to the owner’s name, mail or other personal information.
Verizon will ensure transparency of the news by using a blockbuster.
Verizon, the largest U.S. mobile operator by number of subscribers, has announced the launch of an initiative aimed at ensuring transparency of published corporate news and press releases through a DLT solution.
The Full Transparency programme uses the invariability property of the blockbuster to increase user confidence. All news will be available for tracking in a distributed registry and also protected by Bitcoin Rejoin.
Verizon recalled that according to a study by Edelman Trust Barometer, almost 60% of consumers around the world believe that the media they use are contaminated with inaccurate information. The company therefore sees increased trust in its messages as an important part of its business plan.
The Full Transparency programme involves the block projects Huge, MadNetwork and the AdLedger consortium. In the first stage, the partners will conduct proof of concept.
“The Blockchain has long been associated with the crypt currency, but this is just the beginning of what it can do,” said Adam Helfgott, Head of MadNetwork.
Anheuser-Busch InBev will launch a pilot beer supply chain monitoring block project in Europe
Anheuser-Busch InBev Corporation (AB InBev), the world’s largest beer producer, is testing a programme in Europe in which it uses a blocch to provide consumers with complete information about the product supply chain. This is reported by FoodBev Media.
AB InBev stated that it already works directly with about 20,000 producers in 13 countries, which is about 60% of the company’s agricultural base.
The new pilot programme of the owner of the Budweiser, Stella Artois, Corona, Klinskoye, Sibirskaya Korona and other brands is designed for the remaining 40% of associated farmers and businesses, most of which are located in Europe.
The project will start next year in France with products under the Leffe brand. Consumers will be able to track the entire path of the product, starting with barley cultivation and harvesting, by scanning the QR code on the beer packaging.
The corporation believes that the data collected from the blockage will not only provide consumers with a complete picture of the supply chain, but will also help develop agriculture, for example, by increasing farmers’ yields and reducing their impact on the environment.
“By bringing together the actors in the beer supply chain – from farmers, malt cooperatives, breweries, warehouses and carriers – on one secure, decentralized platform, we can improve traceability and collect data that will help us continue to grow the best ingredients for our beer ecologically,” said a spokesperson for AB InBev.
The agro-industrial giants have implemented a pilot DLT logistics project in Brazil
Several of the world’s largest agro-industrial and trading companies have set up a joint venture, Covantis, to exchange information on a single platform using a blockbuster, Cointelegraph reports.
Testing of the solution took place in Brazil.
Among the project participants are such companies as American Bunge and Cargill, French Louis Dreyfus Company (LDC), Dutch Glencore Agriculture and Chinese state corporation Cofco International.
The founders of Covantis transport around 550 million tonnes of grain and oilseeds every year; in Brazil alone they conclude around 500,000 contracts for the purchase of grain.
The aim of the partnership is to unify data, facilitate communication between participants and improve logistics processes at ports.
The founders of Covantis implemented a pilot project in the port of Santos between July and August this year, with the participation of 11 companies.
According to CEO of Covantis Petit Secanov, dozens of intermediaries are involved in grain transactions, and errors arising in the course of information exchange by traditional methods lead to the downtime of vessels in ports and increase in costs.
Blockchains help organize the flow of information, prevent fraud and ensure security, the project participants noted.
The next tests of the block-platform are planned in Argentina and the USA.
The Central Bank of Azerbaijan has launched identification on the IBM Blockchain.
The Central Bank of Azerbaijan has introduced a digital identification system BankID developed by technology giant IBM on the basis of the Hyperledger Fabric block-office. Representatives of the company informed ForkLog about it.
The system will allow citizens and legal entities to remotely open bank accounts and order bank cards. In the future, they will be able to receive loans and credit cards.
The use of blockcheck technology is designed to ensure the accuracy of data and minimize possible risks of fraud.
It is expected that in the future other state organisations and authorised service providers from various sectors of the economy will join BankID.