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eCommerce Sales Grew 16% in 2017; Online Fraud Soared 30%

According to U.S. Census Bureau data, eCommerce sales climbed to a record high of $453.5 billion in 2017, representing a 16% increase over the previous year.(1) However, recent Experian reports revealed that online shopping fraud rose 30% year over year,(2) and 63% of businesses acknowledge they are experiencing the same or more fraud than a year ago.(3) Chargebacks911, a leading dispute mitigation and loss prevention firm, warns that rising card-not-present (CNP) fraud could offset revenue gains unless merchants take proactive steps to identify, prevent and control it.

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Coffee and Blockchain

According to CoinDesk, Ethiopia is interested in using blockchain technology to track the supply chain for its largest export, coffee.

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Tracking Aircraft Parts with Blockchain

Aerospace companies are turning to blockchain to prevent tragedy, reports Business Reports.

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Alibaba Gets Blockchain

Alibaba is using blockchain to protect its product authenticity and improve the integrity of their supply chain.

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Improving Supply Chain Necessary

According to Supply Chain Management Review, for companies improving the supply chain isn’t something to do in the future it is necessary now. Read more...

Jewelry Industry Gets New Supply Chain Platform

According to Coin Desk, IBM will partner with the jewelry industry to bring a cross-industry supply chain tracking platform to market.

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Supply Chains Abound

Supply chains can be found anywhere, reports Supply Chain Dive. For example, the NFL drafting process is a supply chain.

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FDA Recommends Changes to Supply Chain

According to Supply Chain Dive, the pharmacy industry is due for a supply chain makeover. The chairman of the Food and Drug Administration suggests starting with standardized documentation practices for the supply chain.

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Tariffs Cause Problems in Supply Chain

The Trump administration’s tariffs could cause a disruption to the supply chain, reports Forbes. However, those tariffs aren’t the only things that can cause a problem in the supply chain.

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G Coins Backed by Supply Chain Gold

Emergent is working with Yamana Gold to create “g-coins”, reports News BTC. These coins will be backed by a gram of responsibly mined gold. The gold will be  recorded through each stage of its journey through the supply chain.

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