Blockchain is widely recognized for its use cases in the supply chain, from track and trace capabilities and provenance transparency to dispute resolution and streamlining communications between participants in a complex network. Active projects can be found in supply chains for food, beverages, aerospace, automotive and shipping, to name a few.
Blockchain-enabled trading networks like these are delivering value. A recent study from the IBM Institute of Business Value found that 41 percent of network participants report a positive return on investment (ROI). Nonetheless, blockchain for business goes beyond trade solutions. For your end-of-summer reading, we bring you other use cases in the news. Take a moment and get inspired. How can blockchain address problems in your industry?
Blockchain in the news
Beyond the supply chain: Innovative use cases in government and telco
Announcements highlight enterprise blockchain use cases in production
In the supply chain space, J.M. Smucker will trace coffee beans used for its 1850® Coffee brand using Farmer Connect, a traceability platform built on IBM Blockchain and designed to increase visibility and fairness in the coffee supply. Detailed information about 1850® Coffee is made available through QR codes affixed to its packaging. The codes call up the Thank My Farmer web-app that shows consumers where the coffee was sourced and lets them contribute to projects helping coffee farmers.
In media and entertainment, Tech Mahindra, part of Indian conglomerate Mahindra Group, has launched a blockchain-based digital contracts and rights platform that aims to prevent digital content piracy. It’s designed to monitor authenticity and usage of online content and manage payments to content creators.
IBM Business Partner DoshEx, headquartered in Johannesburg, has launched an enterprise smart contracting solution that combines IoT, smart contracts and blockchain immutable records. One use case for the platform is managing construction contracts over the life of a project. It also can provide condition monitoring, proof of presence, safety and compliance management, milestone monitoring and payment certification.
Securities lending and blockchain
The Tel Aviv Stock Exchange says that in November it will launch a blockchain-based national market where Israeli institutions can lend securities directly to one another.
Stiff fines impede blockchain in Russia
Launching an enterprise blockchain project in Russia can take several years, and certification by the Federal Security Service can cost more than $100,000.
August’s features of “watch, read and listen”
You’re invited to a BlockpARTy!
We’re celebrating blockchain visionaries with art. Attend our series of virtual events, starting 19 August, to hear from IBM clients and see five artists’ interpretations of five key blockchain themes, starting with consumer confidence and trust. You can register now.
Contest: How can blockchain help with COVID-19 recovery?
Tell us your best thinking on how blockchain can help organizations collaborate and ensure strong safeguards for employees, and you’ll have a chance to win six months of free cloud services.
Still not sure where to start? Schedule time to talk with one of our experts specific to your industry, and they can help guide you in the right direction.
Thanks for reading our August edition of “Blockchain News You Can Use.” We’ll be back next month with more. In the meantime, if someone forwarded you this email and you’d like to subscribe, sign up here.
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