100 organizations join World Economic Forum blockchain supply chain initiative

May 3, 2019

[On May 2, 2019] the World Economic Forum (WEF) announced a new initiative “Redesigning Trust with Blockchain in the Supply Chain” to ensure blockchain is deployed in an “interoperable, responsible and inclusive way”. There’s much to gain in terms of efficiency, transparency and interoperability.

...The emphasis is on drawing from a broad base of participants to address the fragmented supply chain industry. As a result, the group includes logistics companies, container shippers, ports, blockchain startups, importers and exporters, the International Organization for Public-Private Cooperation and more than 20 governments.

With an emphasis on shipping, the WEF project may overlap with three major existing initiatives: Tradelens from IBM and Maersk (Maersk is part of the WEF initiative); the Global Shipping Business Network which includes CargoSmart and five of the top ten container shippers; and Kuehne + Nagel the world’s largest shipping freight forwarder is working with Accenture on a project...

This was exerpted from 2 May 2019 edition of Ledger Indights.

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