Blockchain News

International Chamber of Commerce Aims To Provide Blockchain To All Its Members

The International Chamber of Commerce is eyeing to provide the blockchain technology to all its 45 million members including the likes of Coca Cola, Amazon, PayPal, and Fedex.

The trade organization announced on Thursday that it had partnered with Perlin, a Singapore based blockchain startup with the aim of improving supply chain processes at all its member firms.

The goal of the International Chamber of Commerce is to make these processes more transparent and traceable among all its members who are spread across 130 countries.

It will help these companies to connect to Perlin’s blockchain platform to ensure they benefit from the application of the new technology.

The partnership makes Perlin an official partner of the ICC. The blockchain startup will offer free access to its platform during the initial stages. According to the announcement, emphasizes will be on

“practical, efficient and scalable blockchain traceability and transparency systems for value chains.”

John Denton who is the general secretary of the ICC was excited by the partnership and said: 

“In collaboration with Perlin, which leads the field in blockchain and distributed ledger development, we can help facilitate practical and truly disruptive transformation for businesses across every conceivable industry sector.”

The startup is already working on some other blockchain pilots with major firms including Asia Pacific Rayon (APR) a company that produces sustainable materials.

The project is dubbed “Follow Our Fibre” and aims to provide transparency to all APR customers across its supply chain by allowing them to monitor the critical stages of production from planting to delivery.

According to APR, the joint project will provide “permanent data on a secure blockchain database” to help ensure the firm complies with relevant regulatory and industry-based standards and certifications.

What’s your take on the International Chamber of Commerce planning to provide blockchain technology to all its members?

Share your thoughts in the comment section below.

Share the news on;
  •  
  • 5
  •  
  •  
  •  
  •  
  •  
  •  
    5
    Shares
  •  
    5
    Shares
  •  
  • 5
  •  
  •  
  •  
  •  
  •  
coinmag

Basil has three years of freelance experience writing on disruptive technologies. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology.

Comments are off this post!