Blockchain penetrates the real sector

bc.team
bc.team
Feb 17 · 2 min read

Blockchain was actively tested for supply chains back in 2016, now it seems that the time has come for mass implementations. One of the pioneers, Walmart, launched a shipping and payment tracking platform in Canada for 70 shipping companies and several hundred retailers. The largest automakers Volvo and Ford use the blockchain to track the supply of cobalt used in lithium-ion batteries. They agreed with the two largest battery factories — CATL in China and LG Chem in South Korea, and Oracle and IBM are responsible for the technical side of the matter.

Nestle launches a pilot on the blockchain to track the origin of coffee, and in another joint project with Carrefour, baby milk will be tracked. Amazon, Infosys, and 26 other companies will use blockchain to control the supply of tea, the Ministry of Commerce of Thailand — to track organic rice. JPMorgan is testing a car accounting system on the blockchain, and Lamborghini will use the blockchain to authenticate the car.

Indian energy distribution company BRPL launches a P2P trade pilot with Power Ledger, while the International Chamber of Commerce promotes green aviation solutions with AirCarbon.

Blockchain investments in the electricity industry are expected to reach $ 3 billion by 2025. By the beginning of autumn 2019, about $ 600 million had already been invested in such projects.

bc.team focuses on bringing the blockchain-as-a-service technologies for various types of business and build the future of Web 3.0 today.

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