Samsung SDS and ABN AMRO will collaborate on a trial project that applies blockchain to shipping logistics, the companies have announced.
The South Korean IT services firm and Netherlands bank will connect their blockchain platforms Nexledger and Corda, respectively, with the project expected to be completed in February next year.
The collaboration aims to apply blockchain into goods departing from Asia that arrive in the port of Rotterdam.
The goal is to reduce transaction times for imports and exports, share related documents, and prevent fraud.
Samsung SDS and ABN AMRO will later expand the routes it applies to, and will aim to connect with other companies’ blockchain platforms.
The South Korean conglomerate last year formed a blockchain consortium of local logistics firms to test its Nexledger platform.
New report shows consumer products, retail, and manufacturing companies are planning adoption.
The state wants to transition completely to eConveyancing by July 1, 2019.
Distributed ledger technologies could one day be used to protect content including VR content, films, and books.
After 18 months of testing, the IBM Food Trust blockchain network is commercial available. Carrefour adds scale and the pricing ranges from $100 a month to $10,000 a month depending on size of the enterprise.
IoT, AI, and edge computing are among the top technologies that businesses want to implement in the workplace in the next two years, according to a Spiceworks report.
Published on: 2018-10-22 02:25:46
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