February 1, 2023

Nestlé, Carrefour, Walmart and other blockchain testing companies

Blockchain technology remains one of the hottest trends among financial, state and commercial organizations all over the world. ForkLog magazine provides an overview of the most interesting initiatives of the past week.

Carrefour and Nestlé use blockchain to track baby food

Swiss multinational corporation and French retail giant Carrefour use IBM's Food Trust blockchain platform to track children's dairy products, according to a press release.

The platform provides buyers with information onorigin of products and their production processes. Carrefour representatives emphasized that by scanning the QR code on the package, the consumer receives full product information:

“Innovative blockchain technology sets new standards for transparency and service, ensuring product quality”

At first, the solution based on distributed registry technology will be applied to GUIGOZ brand products.

Canadian Walmart Delivers Supply Chain Solution

Where: Canada
In what area: logistics
Purpose: increasing the transparency of tracking cargo deliveries, automating settlements, reducing costs and increasing operational efficiency
Who is involved: Walmart and blockchain startup DLT Labs
Technology Used: DL Asset Track Platform
Estimated implementation date: full launch scheduled for February 1, 2020
Source: Press Release

US financial holding Northern Trust is testing blockchain split bonds

Where: USA
In which area: corporate finance
Purpose: increasing the transparency of the bond market; Highly rated debt market democratization through tokenization
Who is involved: Northern Trust and Singaporean company BondEvalue
Technology Used: Hyperledger Sawtooth
Estimated implementation date: unknown
Source: CoinDesk

HSBC and Singapore Exchange use blockchain to increase bond market transparency

Where: Singapore
In which area: corporate finance
Goal: improving the efficiency of information exchange between financial institutions, accelerating the process of transactions, reducing costs and the number of errors
Who is involved: HSBC, Singapore Exchange, investment firm Temasek
Used technology: unknown
Estimated implementation date: unknown
Source: CoinDesk

US logistics operator UPS and blockchain company HerdX tracked beef delivery from Kansas to Tokyo

Where: USA, Japan
In what area: food supply chain
Goal: increase supply chain transparency and food security
Who is involved: United Parcel Service (UPS), HerdX
Used technology: HerdX blockchain platform
Source: Press Release

Ant Financial began testing blockchain platform for small and medium-sized businesses

Where: China
In what area: infrastructure of small and medium business (SME)
Goal: supporting SMEs, reducing company costs
Who is involved: Ant Financial (a division of Alibaba Group)
Technology Used: Ant Blockchain Open Alliance
Estimated implementation date: early 2020.
Source: Sina Finance

VeChain platform receives approval from Chinese authorities to track tea shipments

Where: Shuangjiang Province of China
In which area: supply chain
Goal: increase transparency of tea supply chains
Who is involved: VeChain
Used technology: VeChain blockchain platform
Estimated implementation date: unknown
Source: NewsLogical

US Department of Homeland Security allocates $ 200,000 to Digital Bazaar startup to create personal data management solution

Where: USA
In what area: protection of personal data
Purpose: ensuring the security of personal data
Who is involved: US Department of Homeland Security, Digital Bazaar blockchain company
Used technology: platform from Digital Bazaar
Estimated implementation date: unknown
Source: Press Release

This week we also reported:

  • Chinese blockchain company OneConnect intends to raise $ 100 million through an IPO;
  • Huobi Bitcoin Exchange has posted the source code for the Huobi Chain blockchain focused on DeFi services;
  • The Monetary Authority of Singapore and JPMorgan have developed a blockchain prototype that allows payments in different currencies on the same network.