The food suppliers of Walmart will be able to keep food in blockchain to enhance contamination cases management, reduce waste and increase transparency. According to the vice president of food safety and health, Frank Yiannas, “Blockchain was able to cut the time it took to track produce to two seconds from six days.”
A parent company of SophiaTX/ Equidato Technologies AG, Venaco Group announced a partnership with leading South East Asian accounting and outsourcing services organization, Cheng & Co. Both companies have agreed to adopt blockchain technology in enhancing business consulting and transformation as well expanding services to its regional clientele.
The world’s largest Ethereum blockchain design studio is collaborating with the Saudi Telecom Company (STC) in designing and establishing blockchain technology in various sectors in the country in government and private sectors such as real estate, banking, and healthcare. ConsenSys vision to build more than just blockchain.
The increasing of unemployment rate among the youth in South Korea has been a great concern by the government. An effort to reduce the rate, the government of South Korea comes up with a plan to become blockchain start-up hub and support center hoping the young workers to be attracted towards the location of the hub.
Distributed Credit Chain, a blockchain company, has recruited Matthew Chang with respect to the distributed banking public chain project. He will extend strategic counsel and expertize guidance on financing. The founder and CEO of the company said, “His drive, experienced leadership and intimate knowledge of the financial industry will support DCC’s growth on the world stage.”
ElaadNL, smart charging project by the use of solar and wind energy, has associated with IOTA for processing distributed ledger technology supported electric vehicles charging station in the Netherlands. The features of the charging station include kWh-based charging, IOTA charging app and kWh measurement storage near the odometer of the car.
A result has been posted by the Taiwan Semiconductor Manufacturing Company regarding its earning in the first quarter of 2018. As per reported, a significant increased has been shown in the company’s revenue by 6.1 percent and have successfully made approximately $4.2 billion profit alone in the first quarter of the year.
Coingeek has funded research and development in respect of Bitcoin Blockchain. The blockchain company is seeking to fund the Stacklab blockchain training program with $150,000. Nearly fifty developers are to be trained on Bitcoin Blockchain. The program is to happen in Iloilo. Stacklab would assist trainees to explore job opportunities in the blockchain workforce.
Holt Logistics announced to join blockchain initiative led by IBM and Maersk. The Business Development Manager for Holt logistics, Thomas J. Holt III said, “We believe that blockchain technology will increase both information velocity and validity throughout the supply chain, unlocking billions of dollars in value for stakeholders each year.”
Walmart has published new patent filings that vision to store payments data by using the blockchain-based technology. Two new applications were published by the U.S Patent and Trademark Office (USPTO) and reported to be using the blockchain-powered platform as a reference with the vision to provide a secure payment data that can’t be accessed by any unauthorized parties.