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ARTICLE · 15 FEBRUARY 2019

Blockchain Pilots For Supply Chain And Land Titles, Improved Analytics, And Decentralization

BakerHostetler
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Earlier this week IBM announced the completion of a shipment tracking trial that recorded the bill of lading on a blockchain.

United StatesTechnology
Nicholas C. Mowbray
Nicholas C. Mowbray
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Earlier this week IBM announced the completion of a shipment tracking trial that recorded the bill of lading on a blockchain. The trial consisted of a shipment of 28 tons of mandarin oranges that originated in China and were delivered to Singapore. The trial appeared to demonstrate that a blockchain-based shipment tracking system can cut costs by speeding up document processing, improving the handling of information and providing a traceable and tamper-proof record of maritime shipments. In related news, this week the Food and Drug Administration of the Chinese Chongqing Yuzhong District announced that it intends to apply blockchain technology to improve its operations. The proposed blockchain system will be used to strengthen the supervision of food and drug quality assurance, ensure there is better traceability of the product life cycle, and improve anticounterfeiting measures.

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