Blockchain has proven its usefulness in finance, but now entrepreneurs and businesses believe it will allow many more industries to transform and improve. Various industries are now tapping into the world of blockchain reports Emma Thompson for Coin Rivet.
Trade finance has seen more successful blockchain pilots than other use cases, but will historically conservative banks have the same risk appetite to move from testing to full-scale production? Where is this data coming from?
Seventeen tonnes of almonds have successfully been shipped and tracked from Sunraysia in Victoria to Hamburg in Germany in a blockchain-based collaboration between Commonwealth Bank and five Australian and international supply chain participants.
Virtual currency sales ballooned to US$9.1 billion so far this year, exceeding the $6.6 billion total for all of 2017, a financial technology data provider reported on Monday, but it said the monthly trend actually showed a slowdown if the two biggest offerings are excluded.