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September 18, 2019

US FDA to Hold Meeting on Blockchain and AI in Food Traceability

The United States Food and Drug Administration (FDA) will hold a public meeting at which it will discuss its “New Era of Smarter Food Safety” initiative.

Per a Sept. 17 announcement, the FDA set up a meeting with a group of international stakeholders on October 21, 2019, to discuss public health challenges and the implementation of the Food Safety Modernization Act. Specifically, the FDA intends to establish “a more digital, traceable, and safer system” to protect consumers from contaminated food.

Efficient tracking of contaminated food

The initiative proposes to deploy technologies such as blockchain, artificial intelligence, [...]

 
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August 23, 2019

NEC Promotes Inclusion with Blockchain ID Project in Argentina

“The project aims to increase access to goods and services for the residents of vulnerable neighborhoods, thus allowing them to improve their opportunities for socioeconomic inclusion in the fourth industrial revolution.”

NEC Argentina has signed a Memorandum of Understanding with NGO Bitcoin Argentina and the Innovation Laboratory of the Inter-American Development Bank Group (aka the IDB Lab) to launch a blockchain-based digital identity project. The four-year project is intended to promote inclusion in Argentina, and will first be deployed in Barrio 31 in Buenos Aires before expanding to other low-income neighborhoods.

“The project aims to [...]

 
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August 9, 2019

Commerzbank tests blockchain-based payments for machine-to-machine transactions – FreightWaves

Major German bank Commerzbank announced that it has developed a blockchain-based payment solutionthat specifically automates machine-to-machine (M2M) payment processes. This pilot project is in collaboration with Daimler Trucks, with this M2M payment part of the test for the direct handling of charging operations of electrically powered trucks. 

The automated payment pilot involves the transaction process between an electric truck and the charging station it docks at for its electricity needs. “In the transaction, Commerzbank first brought in euros on the blockchain and then provided the so-called “cash on ledger,” i.e. the money on the blockchain, to Daimler [...]

 
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July 29, 2019

Blockchain: The new frontier for supply chain risk management | Article | Compliance Week

For all the times you’ve been to a grocery store, have you ever wondered which farms those fruits and vegetables originated? What about the last time you went to a pharmacy? Have you ever stopped to think about the true quality and safety of those drugs, and how and where they were formulated?

Thanks to blockchain technologies, supply chain teams can now track the safety and traceability of products and data across the entire supply chain in ways—and at speeds—once unimaginable.

That is the impetus behind a new blockchain pilot project currently being explored by the U.S. Food and Drug Administration in the pharmaceutical industry, which is more broadly seeking [...]

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