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Making the Supply Chain More Clear

According to Coin Telegraph, blockchain has the potential to make the fashion supply chain more transparent. 

When receiving new shirts you’d bought online, or bought some jeans from one of the fashion stores on your street, the question that may have come to mind then was, how did these items get to be in my hands? The answer is supply chains.

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Making Food Supply More Clear

Mastercard and Envisible are teaming up to bring more visability to the food suppy chain, reports Yahoo Finance.

Consumers increasingly want to know the story behind the food that they consume – the source of the produce, meats and seafood, and their journey to the table. Mastercard is collaborating with Envisible, a company that enables supply-chain visibility in food systems to bring more visibility to food that people eat every day.

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Team Bloodchain Wins GS1 US Trace-a-thon for Its Innovative Traceability Solution

Team Bloodchain claimed the top $10,000 prize at the first GS1 US® Trace-a-thon held October 19-20 at Broadway Studios in San Francisco, CA. Their solution focused on connecting providers, donors and patients during the blood donation process and was selected by a panel of judges for its creativity, potential to be disruptive, use of GS1 Standards in the technology and overall presentation. Additionally, XChain won the second-place $4,000 prize and Supplypedia took the third-place $2,000 prize. More than 80 hackers on 18 teams competed in the event designed to create supply chain traceability solutions.

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Blockchain Will Be Added to Reliance Industries

According to CryptoNews Z, blockchain is now being integrated into Reliance Industries documentation process for bills of lading and letters of credit. 

Reliance Industries Limited has announced that it will integrate blockchain in its transportation business by launching blockchain for the Bill of Lading and Letter of Credit transactions. 

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Threat to Supply Chains Real

Pitney Bowes fell victim to a ransomware attack, reports PYMNTS. Which highlights that companies are still not taking the threat to their supply chains seriously. 

When Pitney Bowes, a major logistics service provider, revealed that it had fallen victim to a ransomware attack, it was only the latest case revealing the threat that cyberattacks not only pose to companies, but also to their business partner networks, suppliers and supply chains.

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Bringing Trust Back to the Supply Chain

Blockchain has the potential to bring more trust to the supply chain reports Freight Waves. 

Blockchain is a technology that many people quickly associate with cryptocurrency. Although it initially gained recognition that way, the potential uses for blockchain span much further. 

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Blockchain in Agriculture

According to Forbes, Bayer’s Crop Science Division and Ant Financial have signed an agreement to bring blockchain to agriculture. 

The disruptive and dynamic potential of blockchain is already well heralded. However, its reach is only now starting to permeate through significant enterprises that are helping boost the capabilities of the blockchain.

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Ladingo's Uber-ized container sharing shipping solution makes it possible to ship anything, anywhere in the world

Ladingo, the pioneer in large and bulk item shipping solutions, is announcing the global launch of its automated and digitized shipping platform, taking on the challenges facing online shoppers, online sellers, and ocean freight forwarders in the e-commerce industry. Ladingo has successfully raised $1.6 million in an initial funding round led by ZIM, the global container shipping corporation.

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IBM Brings AI to Supply Chain

IBM is integrating artificial intelligence into its supply chain productes, reports WWD. 

In a move aimed at reducing costs and “untangling the complexities” of today’s global supply chain, IBM is now offering an “integrated supply chain suite” embedded with its Watson AI and IBM Blockchain technologies

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Blockchain is Answer to Traceability & Transparency

According to Interesting Engineering, blockchain is the answer to how to get transparency and traceability to the supply chain.

Consumers are more and more preoccupied with how products are made. After decades during which price and quality were the two primary attributes they looked for in products, nowadays the demand for sustainably produced goods is on the rise. 

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