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    Home » Fashion, money and oil – a review of global initiatives to introduce the blockchain

    Fashion, money and oil – a review of global initiatives to introduce the blockchain

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    By BlockchainJournal on November 17, 2018 News
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    In the traditional Saturday review of the latest blockchain initiatives, applications such as supply chains, data protection and exchange, finance and trade, and among companies that are exploring the possibilities of the technology, note H & M, Accenture and the oil industry giants BP and Shell.

    IBM and Telefónica use blockchain to manage international mobile call traffic

    Where: Spain
    In which field: telecommunications
    Purpose: ensuring the reliability and transparency of registration of information from different networks when routing international calls, tracking the reliability of international calls and related data, identifying fraudulent schemes, resolving disputes
    Who is engaged: IBM, Telefónica
    Used technology: IBM Blockchain Platform based on the Hyperledger Fabric framework
    Estimated implementation date: unknown
    Link: Press Release

    Austrian government supported blockchain cancer control initiative

    Where: Austria
    In which area: medicine
    Purpose: to open a research laboratory in Graz, implement the technology in a device for diagnosing various types of cancer, record the results using smart contracts
    Who is engaged in: Lancor Scientific, University of Graz
    Technology used: Ethereum
    Estimated implementation date: unknown (test trials)
    Link: Proactive Investors

    The Singapore Stock Exchange has tested the use of blockchain for calculations in tokenized assets

    Where: Singapore
    In which area: finance
    Purpose: simultaneous calculations of tokenized assets on various blockchain platforms in order to increase operational efficiency and reduce risks
    Who deals: Singapore Exchange Limited (SGX), Monetary Authority of Singapore (MAS), Anquan, Deloitte, Nasdaq
    Technology used: Nasdaq
    Estimated implementation date: unknown (test trials)
    Reference: Singapore Exchange Limited

    Japanese firms have successfully tested blockchain insurance in the field of shipping

    Where: Japan, Globally
    In which area: logistics
    Purpose: insurance of sea cargo, reduction of time of insurance payments
    Who is engaged: Tokio Marine & Nichido Fire Insurance, NTT DATA
    Technology used: unknown
    Estimated implementation date: 2019
    Link: Press Release

    Swiss companies conducted a test deal on the blockchain to buy wheat from the Black Sea region

    Where: globally
    In which area: trade
    Purpose: the purchase of a batch of wheat from the port of Novorossiysk with delivery in December
    Who deals: Transoil International, Solaris Commodities, Cerealia
    Technology used: Cerealia
    Link: S & P Global Platts

    BP and Shell, in partnership with large banks, launch Vakt platform for commodity trading

    Where: globally
    In which area: trade
    Aim: process optimization, transfer of paper documentation to smart contracts
    Who is engaged: Tokio Marine & Nichido Fire Insurance, NTT DATA
    Technology used: unknown
    Estimated implementation date: end of 2018
    Link: S & P Global Platts

    Accenture Launches Software License Management Platform

    Where: globally
    In which area: software
    Objective: Improve application tracking, reduce the risk of violation of licensing rules.
    Who is involved: Accenture, Digital Assets
    Technology used: DAML (Digital Assets)
    Estimated implementation date: running
    Link: Press Release

    H & M is testing a blockchain to track the supply of clothing

    Where: United Kingdom
    In which area: supply chain
    Purpose: Safely track product movement data.
    Who deals: Akert (H & M), VeChain
    Technology used: VeChain
    Estimated implementation date: unknown (test trials)
    Link: The Next Web

    shopping in London .. with VeChain .. Real use, real value .. Adoption! @vechainofficial #VET $ VET pic.twitter.com/vDVZlOHmFu

    – Dimitrios Neocleous (@_DiNeocleous) 2 November 2018

    Australia tested blockchain application for insurance payments to people with disabilities

    Where: Australia
    In which area: insurance
    Objective: to optimize the process of insurance payments to persons with disabilities
    Who is involved: Research and Industry Research Organization of the Commonwealth of Nations (CSIRO), Commonwealth Bank
    Technology used: unknown
    Estimated implementation date: unknown (test trials)
    Reference: CSIRO

    The first pilot introduction of blockchain technology in Uzbekistan took place.

    Where: Uzbekistan
    In which area: medicine, drugs
    Purpose: protection against data manipulation.
    Who is involved: Digital Trust Digital Development Trust, Blockchain Industrial Alliance
    Technology used: unknown
    Estimated implementation date: unknown (test trials)
    Link: Gazeta.uz

    Bank of Korea began to study the infrastructure of micropayments on the blockchain

    Where: South Korea
    In which area: finance
    Purpose: determination of the effectiveness of microtransaction settlement in a distributed network
    Who deals: Bank of Korea, Blocko
    Technology used: unknown
    Estimated implementation date: unknown (test trials)
    Reference: Blocko

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