Blockchains should do for the global value chain what shipping containers did for transport of goods, says HSBC trade finance expert Vinay Mendonca.
PwC Australia, the Australian Chamber of Commerce and Industry and the Port of Brisbane are trialling a new blockchain trade solution.
Supply chain management firm Tradeshift says it will further expand into blockchain following a $250 million Series E round led by Goldman Sachs.
A group of companies piloting a blockchain-based insurance platform for global shipping industry said the technology is now live in commercial use.
By deferring questions of trust to a decentralized algorithm, blockchains promise to boost transparency and allow more fluid, dynamic supply chains.
Automotive executives are starting to wake up to the use cases of blockchain in the industry, but there's a way to go.
Norway-based registrar DNV GL has invested in blockchain startup VeChain, with plans to become a "Masternode" holder, the firms have said.
HSBC and ING have performed a claimed world-first trade finance transaction on a single blockchain system for agri-food firm Cargill.
The chief of logistic giant FedEx has spoken of the need to adopt new technologies like blockchain at family-card's Consensus 2018 event.
Software giant SAP has announced a new food safety-related blockchain pilot and a collaboration with a Swiss supply chain startup.