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Blockchain rare earth scheme to certify sustainable output for EVs

LONDON, Feb 8 (Reuters) – An EU-funded certification scheme using blockchain is being developed for rare earths as automakers demand proof that materials used to make magnets for electric... continue reading

Marubeni to invest in Covantis digital Blockchain start up

Marubeni Corporation of Japan and Covantis SA announced that an agreement has been reached for Marubeni to invest and acquire shares in the Swiss-based digital Blockchain start up. The... continue reading

Blockchain – Still Far Off?

By now no one has escaped the overhype of blockchain. When something is so overhyped, I for one get suspicious. I am writing up the disruptive technology report now... continue reading

Dubai’s commodities hub plans Gulf’s first blockchain-backed facility

Dubai Multi Commodities Centre (DMCC) plans to create the first precious metals refinery and storage facility in the Gulf region enabled by blockchain technology. The facility will refine and... continue reading

Richard Williamson Looks for Industry Collaboration to Support Digitalization

In this third and final article based on talking about the 3-D’s (Digitalization, Decarbonization, and Decentralization) with Gen10, I talked to Richard Williamson, CEO, Gen10 about digitalization….. Richard Williamson... continue reading

Covantis Launches Transformational Blockchain Platform for Global Commodities Trade

In 2018, a group of leading global agribusinesses came together with a goal of employing cutting-edge digital technology to modernise global agricultural shipping transactions for the benefit of the... continue reading

TradeTrip – Documents and Blockchain

When will blockchain finally break through? Still very much in early adopter stage and a chasm yet to breach before gaining wider acceptance, most blockchain initiatives remain stuck in... continue reading

Russia’s NorNickel adopts blockchain for supply chain management

By Vladimir Kozlov in Moscow January 25, 2021 As more and more global companies adopt corporate blockchain solutions, Norilsk Nickel (NorNickel), the world’s largest producer of palladium and high-grade nickel and a... continue reading

Mastercard and GrainChain Bring Blockchain Provenance to Commodity Supply Chain in Americas

Godfrey Benjamin   Oct 29, 2020 Payments giant Mastercard has announced a partnership with GrainChain, a blockchain-based supply chain management firm to enhance visibility for producers and consumers in the commodity... continue reading

Sberbank joins Komgo blockchain platform for commodity trade finance

Sep 15, 2020 Sberbank is the first Russian bank that joined a commodity trade finance blockchain platform, with Sberbank (Switzerland) AG, Sberbank’s Zürich-based subsidiary, signing an agreement with Komgo.... continue reading

BHP completes first blockchain iron ore trade with China’s Baosteel

LONDON (Reuters) – BHP Group has completed its first blockchain trade in iron ore with China Baoshan Iron & Steel Co Ltd, in a transaction worth around $14 million.... continue reading

Blockchain group says pilot test shows promise for oil and gas operators

(Reuters) – An oil and gas consortium testing blockchain distributed ledger software said results of its pilot were promising, paving way for the group’s members to start using the... continue reading

Blockchain utilized to make cross-continental transaction

World Grain – SINGAPORE — In just a matter of days, a cross-continent commodity trade transaction of wheat from North America to Southeast Asia was completed by global agriculture... continue reading

ADM, Bunge, Cargill, Dreyfus blockchain consortium Covantis incorporates, appoints CEO

(Ledger Insights) Covantis, the blockchain consortium started by the world’s biggest agribusiness companies, has incorporated in Geneva Switzerland and appointed a CEO. The company is owned by Archer Daniels... continue reading

Reuters Exclusive: JPMorgan in talks to merge blockchain unit Quorum with startup ConsenSys – sources

NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) is in talks to merge its marquee blockchain unit Quorum with Brooklyn-based startup ConsenSys, according to people familiar with the... continue reading

Rabobank, Concord blockchain consortium executes metals repo trade

In 2018 a blockchain consortium focused on funding the commodity supply chain was formed by Dutch bank Rabobank, commodities trader Concord Resources and warehousing firm PGS. In November 2019... continue reading

Blockchain can slash supply chain costs by $450 bn in Western Europe

By Manasee Joshi CRYPTOPOLITAN: chain costs in Western Europe are witnessing meteoric rise with a convoluted network of suppliers, customers, retailers, and product manufacturers across the globe, and a... continue reading

An Era of CTRM Innovation?

I had an update from Gen10 this last week. Richard Williamson, CEO, was busy telling me about many of the activities the company was engaged in, from an update... continue reading

Is it me or is the Blockchain hype starting to sound manic?

I sometimes wonder who it is that creates hype. In particular, I’m thinking of blockchain. Sitting here at my desk everyday and reading the news and views regarding blockchain,... continue reading

Commodities firm Mercuria plans $100 million enterprise blockchain, AI fund

By Nicky Morris, Ledger Insights, Mercuria, one of the world’s largest energy and commodities traders, has ambitions to transform how the sector operates. To achieve its goal, it is... continue reading

Comdex Completes Over $10M Worth of Commodity Trade Processes

SINGAPORE, Nov. 8, 2019 /PRNewswire/ — Comdex, a commodity trading platform built on the Commit blockchain, has completed trades worth over $10M on its platform. Comdex is enabling commodity traders to engage in cross-border... continue reading