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

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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