Overview of the latest initiatives on the implementation of blockchain technology

A brief review of the latest initiatives in the field of blockchain technology in such areas as customs control, cross-border payments, digital identification, charity and tracking of diamond supplies.

Korean customs service uses blockchain solutions from Samsung

Where: South Korea

In what area: customs clearance of exports

Goal: to increase the transparency of customs procedures

Who does: South Korea customs service, Samsung SDS (IT division of the world famous conglomerate)

Technology used: Samsung Nexledger

Estimated date of implementation: unknown

Link: Samsung SDS

 

The People’s Bank of China is testing a platform for trade finance and cross-border payments

Where: Shenzhen (PRC), Guangdong Province, special administrative regions of Macau and Hong Kong

In what area: cross-border payments, trade financing

Goal: to reduce costs in trade finance, increase transparency and effectiveness of control over operations

Who does: The Digital Currency Research Laboratory of the People’s Bank of China, large Chinese banks

Technology used: unknown

Estimated date of implementation: unknown

Link: 21jingji

 

Hong Kong will be used a blockchain to track diamonds

Where: Hong Kong

In what area: supply chain, product certification

Goal: to increase the transparency diamonds supply chains

Who does: Hong Kong Jewelry Company Chow Tai Fook Jewellery Group, startup Everledger, chain store T Mark

Used technology: IBM blockchain-platform

Estimated date of implementation: the process has already begun – ready for the blockсhain certificates for three thousand precious stones that are on sale in four T Mark stores

Link: South China Morning Post

 

The Indian authorities approved the participation of the local Exim Bank in the BRICS blockchain initiatives

Where: BRICS countries (Brazil, Russia, India, China, South Africa)

In what area: finance

Goal: to improve efficiency in the financial sector

Who does: the Russian Vnesheconombank, the Brazilian Bank for Economic and Social Development (BNDES), the Indian Exim Bank, the State Development Bank of China and the Development Bank of South Africa (DBSA)

Technology used: unknown

Estimated date of implementation: unknown

Link: Business Standard

 

SoftBank Telecom tests blockchain-application for mobile interconnection payments

Where: Japan

In which area: mobile P2P payments

Goal: replacing the traditional messaging system with more functional and efficient solutions that can work simultaneously with different operators

Who does: SoftBank Group, startup TBCASoft, the company Synchronoss

Used technology: Rich Communication Service protocol from TBCASoft

Estimated date of implementation: unknown

Link: Press Release SoftBank

 

The Australian state is testing the possibility of digitizing a driver’s license with the help of a blockchain

Where: New South Wales (Australia)

In what area: digitization of documents, identification

Goal: to increase efficiency in the identification field, reduce costs by reducing manual labor and “paper work”

Who does: SecureGrid, a trusted platform from Secure Logic, the power of the Australian state

Used technology: Secure Logic development

Estimated date of implementation: unknown

Link: ZDNet

 

The leading British online pharmacy and Stratis will use blockchain in pharmaceuticals

Where: United Kingdom

In what area: pharmaceuticals

Goal: increase the efficiency and transparency of the supply chains of medicines; counteract the spread of counterfeit drugs

Who does: UK Meds, Stratis

Used technology: blockchain solutions from Stratis

Estimated date of implementation: unknown

Link: NewsBTC

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polshchak
My name is Olga. I am the editor of Crypto-gazette, a crypto enthusiast and a fan of blockchain. I write articles and reviews, news about the crypto world, sometimes analytics. I graduated from the Kiev Polytechnic Institute and by education, I am an interpreter, but by vocation a journalist. In my spare time, I like to photograph, read and stroke kittens. And to learn the crypto of course.