How a new technology can disrupt the Global Supply Chain
“The potential benefits are vast and global in scale.” –Gerry TsoukalasAn interdisciplinary team from MIT, Wharton and Boston College has created a new blockchain-based system that has the potential to disrupt the global supply chain. Called ‘b_verify,’ the system is designed to help small and medium-size enterprises — especially those in developing nations — get financing from lenders...
BYD taps Singapore defense supplier for driverless forklift upgrade
BYD, an electric forklift manufacturer has developed a driverless forklift with military contractor Singapore Technologies Engineering, aiming to tap into global demand for the labor-saving equipment. The self-driving machines, developed under a partnership BYD signed with ST Engineering, will be marketed in China, Southeast Asia and elsewhere starting in November. The forklift has improved features such as target guidance,...
UPS blockchain patent aims to route packages on multiple carriers
At the time UPS joined BiTA, the company said that its main intention for integrating blockchain technology was to facilitate the company’s customs brokerage business, but that lens is looking much wider now. The patent application submitted by UPS explains that as consumers demand faster, cheaper shipping while also demanding more visibility into the path of their shipments, new tools are necessary to track international...
Digitizing Global Trade with Maersk and IBM
A new blockchain platform In January 2018, Maersk and IBM announced the intention to establish a new blockchain platform to provide more efficient and secure methods for conducting global trade using blockchain technology. The new company aims at bringing the industry together on an open blockchain platform that offers a suite of digital products and integration services. The platform is currently being tested by a number of selected...
Blockchain for babies: Nestlé to test blockchain tech on Gerber products
Nestlé (NASDAQ: NSRGF) is the latest company to turn to blockchain technology to ensure the safety of their supply chain, particularly narrowing in on the ingredients that go into the baby food purees and pouches produced by Gerber. On August 1, The Wall Street Journal and Forbesreported that the food and beverage giant has partnered with Dole Food Co., Driscoll’s, Golden State Foods, Kroger Co.,...
Our Current Issue
Free Magazine & eNewsletter
Current Supplements
