Supply Chain News

Austrian steel trading company Alukönigstahl is working on a blockchain-based steel trading data system.

Major enterprise contract management service Icertis will expand its contractual offering with Microsoft.

United States seafood trade association National Fisheries Institute is working with IBM’s blockchain supply chain solution.

The U.S. Food and Drug Administration teamed up with four major global companies to boost drug supply chains with blockchain.

Precious metals streaming company Wheaton Precious Metals will use blockchain technology to facilitate its metal accounting processes.

Swiss forwarding and logistics services company Panalpina has started blockchain pilot projects aimed at optimizing supply chains.

Target says it has open sourced a blockchain project for supply chain tracking built on Hyperledger Sawtooth.

BanQu announced that it closed an extension of its series A funding round led by Anheuser-Busch InBev’s investment arm ZX Venture.

Russian popular food retailer firm Dixy announced that the firm is using the Ethereum blockchain in factoring service management.

French retail giant Carrefour has seen an increase in sales after the implementation of a blockchain-based tracking system.

The new platform helps consumers in Asia determine the quality, provenance and authenticity of imported wines.

Swiss luxury watch and clock manufacturer Vacheron Constantin will start using blockchain technology to track its timepieces.

Crypto analyst Brian Kelly believes bitcoin prices are going to rise as increasing demand competes with diminished supplies.

Austria-based fiber supplier Lenzing Group plans to apply blockchain to track its fiber supply and to “green up the textile industry.”

Senior executives acknowledged the technology is not yet superior for its purposes, while remaining optimistic about development.