Perlin Partnership with the International Chamber of Commerce
Perlin is now blockchain partner to the ICC, the world’s largest business organization with 45 million members in 130 countries
As part of its 100-year anniversary, the International Chamber of Commerce (ICC) is now working closely with Perlin under a partnership to help drive practical blockchain adoption among its vast member base. Representing over 45 million enterprises in 130 countries, the ICC is an established thought-leader and the leading international business organisation — providing ongoing support for excellence and innovation among its membership. For context on the sheer size of its member base and influence, the ICC represents the interests of companies that cover an estimated USD $20 trillion in global trade with around 1.3 billion employees.
In a bold play to be at the forefront of technological innovation, the ICC has embraced blockchain as a key driver for real digital transformation and disruption to facilitate free trade across industries and national borders. In a press release announcing the partnership with Perlin, the distinguished John W.H. Denton AO, Secretary General of the ICC and Board Member of the United Nations Compact, was quoted as saying:
“The ICC has always been committed to empowering our members to achieve the highest levels of corporate excellence and continuing innovation. In collaboration with Perlin, which leads the field in blockchain and distributed ledger development, we can help facilitate practical and truly disruptive transformation for businesses across every conceivable industry sector.” John Denton AO, Secretary General of the ICC
The partnership was covered by a range of top media, including this great article by veteran tech and blockchain writer for Forbes, Michael de Castillo: World’s Largest Business Organization Embraces Blockchain. Quoted in the article, John shared his forward looking vision for the ICC’s role in driving blockchain adoption on the world stage:
“We think this [intervention by the ICC] might be one which we can look back on in 100 years and say the ICC shifted blockchain in a way that enabled the private sector to function more effectively in a sustainable way and actually create more opportunities for people.”
Perlin will work hand-in-hand with the ICC to create a new ICC Blockchain/DLT Alliance, with Perlin’s Wavelet ledger as the underlying technology used to shine a light on obscure supply chains and simplify cross-border trade finance.
Driving Blockchain Adoption for 45 Million Businesses Globally
Under the partnership, the ICC will connect Perlin to its massive member pool, which in addition to most national chambers of commerce includes direct membership from companies like Amazon, Coca Cola, Fedex, McDonalds and PayPal. Also, as part of the agreement, Perlin will join the ICC as an official technology partner, offering access to its blockchain platform during the early stages of the project.
With Perlin blockchain pilots already being tested in the field, the Perlin team is now looking forward to offering its blockchain services to the ICC’s members. Moving beyond the hype, our team has positioned itself to deliver real-world applications that will support true digital innovation and blockchain adoption across industries using our pioneering Wavelet distributed ledger.
Singapore Launch Event
To officially kick off the new partnership, the Perlin team co-hosted a Q&A event at the Aviva Centre in Singapore, which was quickly sold out with around 300 guests. The topic of conversation was:
HOW BLOCKCHAIN IS CHANGING COMMODITIES TRADING, TRADE FINANCE, ANTI-COUNTERFEITING AND TRACEABILITY
John Denton AO was joined by Perlin’s Project Lead Dorjee Sun to field questions from the lively crowd. The audience was mainly made up of non-crypto folks, including leadership, senior executives and innovation managers from a diverse range of traditional businesses, such as: resource and commodity trading firms, banks, insurance companies, retail brands, tech firms and other local/regional enterprises.
The Q&A format provided attendees with an opportunity to get John and Dorjee talking about existing recent successful blockchain pilots and their vision for the future — with an emerging roadmap for blockchain to drive real and truly disruptive digital innovation across industry sectors.
On this topic, were excited to give the audience an early sneak peak of Perlin’s CLARITY traceability solution for Asia Pacific Rayon (APR) for the company’s Follow Our Fibre rayon-viscose value chain traceability initiative just announced at the recent Amsterdam Innovation Summit (more on this soon!).
John emphasised the ICC’s global role as a not-for-profit not subject to the dictates of either governments or private corporate special interests. With a unique role as a kind of ‘UN for businesses’, the ICC will use its unique position of influence as an educator and enabler to drive blockchain adoption among its members, both large and small. The ICC and Perlin will be perfectly positioned to help companies identify and overcome the key pain points that have hindered mainstream adoption to date. Working together and with both public and private stakeholders, the Perlin/ICC partnership will also be ideally placed to contribute to the creation of universal standards to support the interoperability needed for wide industry adoption.
Perlin Supporting the ICC’s Regional Initiatives
Under our partnership, Perlin will also be working to support the ICC’s other important regional initiatives, including:
- A Singapore-based Innovation Hub focused on digital trade value chains
- A Singapore-based Centre for Corporate Excellence focused on the resources and commodities industry
- The ICC’s existing Business Action to Stop Counterfeiting & Piracy (BASCAP) initiative
As a regional hub, Singapore is a highly strategic base for the ICC to help advance the interests of its members in the region across the full spectrum of industry sectors. With Perlin’s established and growing regional presence, we hope to help underpin the ICC’s efforts as its blockchain partner, pioneering distributed ledger applications across multiple real-world use-cases.
More in the Works for Perlin in 2019
We have much more in the works and will be sharing details of both this new partnership and our other initiatives soon, so follow and stay tuned for updates! Everyone on the Perlin team has been working very hard on the exciting new possibilities that the Wavelet platform offers to business and consumer users, and we look forward to sharing what we have planned for you in 2019.