Guest post written by Raja Ramachandran and ripe.io team October 23, 2017
ripe.io, a start-up at the forefront of creating a blockchain solution for our food system was a recent participant at The Mixing Bowl’s FOOD IT: Fork to Farm and recognized as one of Forbes’ Top 25 Most Innovative Ag-Tech Start-ups of 2017. Raja, their CEO, has compiled and written with his team, the following perspective and analysis on how to initiate, gain adoption and run a “Blockchain of Food” in the food supply chain. We would like to share it with you.
Theme 1 – Blockchain Participants’ Friction
The actors interested to participate in the “Blockchain of Food” are driven by a need to demonstrate the superior quality of their methods and products. Most of the participants in the supply chain complain about the lack of transparency and trust by other participants. The participants are asking for a better supply-chain collaboration method. The blockchain can provide this… if they are willing to collaborate.
More at: The Blockchain of Food – Forbes Science #NewTech
By Aaron Arnold October 19, 2017
Don’t worry if you have yet to hear about blockchain, the emerging technology set to reshape everything from finance and trade to global governance—you are in good company. According to one recent survey of 12,000 people in 11 countries, 60 percent had never heard of the technology and 80 percent could not explain how it works. Yet, for a technology that few understand, blockchain is sure making waves. The World Economic Foundation (WEF), for example, found that 80 percent of global banks will have initiated blockchain-related projects by the end of 2017. Perhaps even more startling: By 2027, the WEF predicts, 10 percent of global gross domestic product will be held in blockchain technology.
While most people have not heard of blockchain, many do know of its most visible implementation, Bitcoin, a cryptocurrency used to store and transfer value. Although cryptocurrencies tend to dominate media attention, the underlying technology, blockchain, has far-reaching applications; it can be used to store property records, clear and settle accounts, ensure the validity and execution of contractual arrangements, and—possibly— prevent the illicit procurement of weapons of mass destruction-related goods and technologies.
More at: Blockchain: A new aid to nuclear export controls? – Bulletin of the Atomic Scientists
By Agnes Shanley October 18, 2017
Blockchain, the digital ledger system that supports the digital currency, bitcoin, is being adapted and evaluated for use in a number of applications and industries, including banking and financial services. Efforts to use blockchain and technologies that it enables, such as smart contracts, in pharma are at an earlier stage, but there is a growing recognition that the decentralized platform could offer benefits, allowing supply chain partners to share and verify data in a secure IT environment that is difficult to hack into. Blockchain also allows users to choose the level of data anonymity they want to grant partners, depending on their strategic importance, and how important the data are to their supply-chain roles.
It comes as no surprise that electrical and electronics engineers, who would be crucial in developing blockchain solutions, are also studying its use in various industries and examining its potential in pharma and healthcare closely. On Oct. 17, 2017, the Institute of Electrical and Electronics Engineers (IEEE) Standards Association disclosed that it had completed and would release its first benchmarking report, The State of Blockchain Adoption in the Pharmaceutical Supply Chain, for purchase in October 2017.
More at: IEEE Releases First Study of Blockchain Adoption in the Pharmaceutical Industry – Pharmaceutical Technology
By Ernie Smith October 4, 2017
Blockchain technology, traditionally associated with cryptocurrency like bitcoin, has become a major focus of shipping logistics in recent months, with the newly formed Blockchain in Trucking Alliance leading the way.
Shipping and delivering freight—on time, with minimal hiccups—is not an easy endeavor. The logistical challenges are complex, especially because there’s so much of it.
Could the blockchain, with its secured ledger approach for verifying transactions and ensuring that a record is kept, help give the trucking industry the kick in the pants it needs?
The Blockchain in Trucking Alliance (BiTA), among others, hopes so. The new group, launched in August, hopes to both make the case for the blockchain as a fundamental tool for freight logistics and to create basic standards for the industry to follow. Thus far, the group has seen 160 companies apply—ranging from startups to major trucking firms.
More at: Why the Trucking Industry is Embracing the Blockchain – Associations Now
By Michael Kimani October 4, 2017
Air France KLM is using its MRO lab to evaluate potential use cases of blockchain in the aircraft maintenance. The engineering team views digital distributed ledgers as ideal for recording and managing parts on in-service planes. The group has held discussions with Microsoft and Ramco Aviation on future use cases of DLT for the airline industry in improving maintenance, processes, and workflows. The airline industry is eager to tap into the capabilities of blockchain technology for realistic use cases.
Blockchain initially underpinned cryptocurrencies, as a means of keeping track of ownership and transfer of digital assets. But mainstream industries appreciate the innovation of distributed ledgers. Lufthansa and Air France are leading the airline industry to adopt the technology.
According to Aviation Today, James Kornberg, director of innovation of the Air France KLM said his team was cutting through the hype to uncover real uses cases.
“The four features of blockchain are resilience, traceability, integrity, and disintermediation are well suited to the aviation supply chain. The use case has to be realistic.”
More at: Air France KLM Experimenting Blockchain Use Cases for Aviation Industry – Cryptovest
In International Shipping News October 4, 2017
Deloitte has implemented blockchain technology to help it track ship safety certificates across the world, reported CoinDesk.
The company partnered with DNV GL to implement a private, shared blockchain which aims to reduce the occurrence of fraud.
Traditional verification, safety, and environmental impact certificates for ships and offshore structures can be forged, and ensuring a given certificate is genuine can be a time-consuming process.
Deloitte’s solution creates a digital ID for each certificate on its private blockchain, removing the potential of fraud. Certificates are verified by scanning a QR code on the document.
The process is almost instantaneous and requires little overhead in terms of processing power.
The authentication system was deployed in September and there are currently 90,000 certificates stored on the blockchain.
Source: Deloitte tracks ship certificates using blockchain technology – Hellenic Shipping News Worldwide
Scotland’s Ardnamurchan Distillery has joined forces with tech firm arc-net to use blockchain technology to secure its bottles.
The collaboration will see the formation of a digital fingerprint that follows the whisky’s life from barley field source through bottling to distribution in a bid to safeguard the alcohol against counterfeits and fraud by ensuring the integrity of the supply chain.
The track and trace authentication system uses arc-net’s blockchain technology, which is essentially a digital database of time-stamped records or transactions, accessed via a unique QR code on the whisky bottle.
This is believed to be a world-first for whisky’s use of blockchain.
The first bottles to be piloted with the technology will be the new Ardnamurchan 2017AD spirit, where each bottle has been individually and uniquely marked. Alongside this, every whisky consumer will receive a digital certificate of authenticity to prove provenance and integrity of the supply chain.
“By simply scanning a bottle on their phone, customers will be able to find out unrivalled detail about their spirit. Every detail of each bottle’s story will be recorded, from when it was made to where it was exported, and much more,” said Alex Bruce, managing director of Adelphi, which owns and operates Ardnamurchan Distillery.
More at: Scotch whisky uses blockchain to fight counterfeiting – SecuringIndustry.com