On November 8, 2018, Shell announced the world's first oil product derivatives trade using blockchain technology developed with Applied Blockchain.
U.S pharmaceutical industry currently stands at $450 Billion, with six among the top 10 companies around the world, belonging to the country based on pure pharmaceutical revenue. Four of the leading pharmaceutical companies in the United States have delved into the blockchain space as they join a platform specifically designed to improve the complex process of chargebacks in the pharmaceutical industry.
Amazon has announced the general availability of Amazon Managed Blockchain, a fully managed service that makes it easy to create and manage scalable blockchain networks.
Traceability is one supply chain application that many pundits argue is a perfect fit for blockchain technologies. Subway and its Franchisee-owned supply chain are on an ongoing journey to improve their traceability capabilities.
Volkswagen plans a pilot project that will use blockchain technology to gain greater transparency in its global supply chain.
Blockchain has the potential to revitalise social economy organisations, but we must ensure we democratise it, writes Giuseppe Guerini.