Blockchain firm QuarkChain has announced a partnership with the ecological department of Northeastern Chinese province Shanxi. QuarkChain and the Shanxi province will jointly develop an environmental governance platform on blockchain (EGPB). This platform will be used by the local administration for construction resource management and trading. QuarkChain stated that, while limited construction materials are mostly located in a specific area, they are widely distributed to many places, creating the need for a management system that can better supervise the development and use of those resources. EGPB will be used for tracking resources along their supply chain. The network’s node operators …
Although recycling may seem like a relatively simple concept, the plastics recycling supply chain proves otherwise. From understanding which plastics get recycled to determining the quality of those plastics, these issues and more are resulting in lower recycling participation rates. Statistics show that by 2024, the global recycling market is expected to reach $377 billion. However, plastic waste management has become an issue severely impacting today’s environment. For example, the United Nations estimates that about 300 million tons of plastic waste is produced globally each year. Unfortunately, only 9% of that is recycled. U.N. findings further show that about 12% …
Australian livestock tracking platform Aglive has completed a pilot that monitored shipments of beef to China. Aglive’s trial was launched during late-January and was conducted in partnership with global shipping logistics company DB Schenker and industry body Meat and Livestock Australia. The pilot saw cattle tracked from Macka’s cattle farm in regional New South Wales to an abattoir located in the same state. From there, frozen beef products were tracked across the supply chain as the meat was transported by land freight interstate to Queensland, and then shipped to Shanghai — ensuring that the products were stored under safe conditions …
Tencent’s digital bank WeBank is exploring the integration of the DAML smart contract language for its consortium blockchain FISCO BCOS — the chain that will undergird China’s national Blockchain-Based Service Network (BSN). On April 16, WeBank announced that integration of the Digital Asset Modeling Language (DAML) — open sourced by its creator, software firm Digital Asset, last year — would help it deliver pioneering blockchain solutions across finance, supply chain and other sectors in China and worldwide. Developed back in 2016, DAML is an expressive language designed for financial institutions to model and execute agreements using distributed ledger technology (DLT). …
“Cryptocurrency is just one use case for blockchain,” Karen Ottoni, director of ecosystem at Hyperledger, told Cointelegraph in an interview during Paris Blockchain Week. The list of blockchain-applicable ideas is numerous and growing, including “supply chain and trade, finance and capital markets, tokenizing green bonds and tokenizing real estate.” Hyperledger Foundation's bread and butter is to support the development and deployment of its open-source enterprise-grade blockchain technologies for projects such as “managing food, fish, diamonds, minerals — the supply chain,” Ottoni told Cointelegraph. While Hyperledger works in every industry, its impact on climate change and climate action is what most …