Digitalized blockchain based trading service innovates our business

Reviewing and compile blockchain industry topic, updating market references and research environment.

Today, we are picking up trading the products with blockchain based fundamental.

Glencore PLC is joining the Responsible Sourcing Blockchain Network (RSBN), one of the world’s largest cobalt producers, announced it would utilize RSBN’s Hyperledger Fabric platform for its cobalt production and become a full consortium member by February 2020.

It seeks to add transparency to the mining supply chain, an industry often marred by reports of unethical worker treatment including widespread child labor in the Democratic Republic of Congo, a global cobalt hotspot.

IBM is the leading company, blockchain development and business operations. The technology has already reached critical mass in the U.S. retail food market, as between 45% and 60% of the market has become involved with it. Blockchain technology addresses these concerns and improves food safety, supply chain efficiency, food waste and food fraud.

The Joint Standing Committee of Commerce, Industry and Banking (JSCCIB) of Thailand announced it completed a trial of a trade platform leveraging blockchain technology and developed by Japan’s NTT DATA.

Trade documents such as purchase orders, invoices, shipping instructions, sea waybills, certificates of origin, export permits, insurance policies and other materials were exchanged electronically between the participants.

Development finance institution Eastern and Southern Trade and Development Bank (TDB) said it carried out a blockchain trade finance transaction on dltledgers platform along with Singapore’s Agrocorp.

Agrocorp acted as the seller and trading partner, and shipped 50,000 metric tons of white cane sugar to a buyer in one of TDB’s member states, with TDB as the negotiating bank. With trade finance using blockchain, TDB was able to save four days in processing the transaction, and dltledgers expects the number to reach eight days in upcoming trades.

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