Nestle, Unilever, Tyson and Others Team With IBM on Blockchain

MT: @IBM Food supply chain firms inc @Nestle @Unilever + Tyson team with IBM on #blockchain

  • CHICAGO/NEW YORK, (Reuters) – Nestle SA, Unilever Plc, Tyson Foods Inc and other large food and retail companies have joined IBM’s project to explore how blockchain technology can help track food supply chains and improve safety, the companies said in a joint statement on Tuesday.
  • Blockchain, which first emerged as the system underpinning cryptocurrency bitcoin, is a shared record of data maintained by a network of computers, rather than a trusted third party.
  • A total of 10 companies said they will share data and run trials with IBM, including Kroger Co, Dole Food Company Inc [DFCI.UL], McCormick & Company Inc, Golden State Foods Corp [GSFDP.UL], Driscoll’s Inc and Berkshire Hathaway’s McLane Co.
  • Wal-Mart Stores Inc also is participating and has worked with IBM since October to track the movement of food products.
  • “It is not just about building the technology, it is about building the ecosystem,” Brigid McDermott, vice president for blockchain business development at IBM, said.

Nestle SA, Unilever Plc, Tyson Foods Inc and other large food and retail companies have joined IBM’s project to explore how blockchain technology can help track food supply chains and improve safety, the companies said in a joint statement on Tuesday.
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Nestle, Unilever, Tyson and others team with IBM on blockchain

Nestle, Unilever, Tyson and others team with IBM on blockchain

  • CHICAGO/NEW YORK, (Reuters) – Nestle SA (NESN.S), Unilever Plc (ULVR.L), Tyson Foods Inc (TSN.N) and other large food and retail companies have joined IBM’s (IBM.N) project to explore how blockchain technology can help track food supply chains and improve safety, the companies said in a joint statement on Tuesday.
  • A total of 10 companies said they will share data and run trials with IBM, including Kroger Co (KR.N), Dole Food Company Inc [DFCI.UL], McCormick & Company Inc (MKC.N), Golden State Foods Corp [GSFDP.UL], Driscoll’s Inc and Berkshire Hathaway’s (BRKa.N) McLane Co.
  • A single recall could cost anything from tens of thousands to millions of dollars in lost sales, Wal-Mart’s head of food safety, Frank Yiannas, told Reuters last month.
  • “Yes, the industry is cautious because this could be the next best thing since sliced bread but you wouldn’t say everything was fine and dandy after a trial you had with just two suppliers,” Kroger’s head of food safety Howard Popoola told Reuters.
  • Because blockchain can quickly trace the hundreds of parties involved in the mass production and distribution of food, it is expected to make it easier to identify the source of potential contamination during food safety scares.

CHICAGO/NEW YORK, (Reuters) – Nestle SA (NESN.S), Unilever Plc (ULVR.L), Tyson Foods Inc (TSN.N) and other large food and retail companies have joined IBM’s (IBM.N) project to explore how blockchain technology can help track food supply chains and improve safety, the companies said in a joint statement
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Microsoft Unveils Technology to Speed Up Blockchain and Its Adoption

  • NEW YORK — Microsoft Corp is working on technology that it believes can make blockchain-based systems faster and more private, as it looks to speed up use of the distributed database software by enterprises.
  • The company said on Thursday that it had developed a system called Coco Framework, which connects to different blockchain networks to solve some of the issues that have slowed down their adoption, including speed and privacy concerns.
  • Coco, whose names stands for Confidential Consortium, will be ready and made open source by 2018, Microsoft said.
  • It is currently compatible with Ethereum, one of the most popular types of blockchains and can make it roughly 100 times faster, Microsoft said.
  • “We expect this to be the foundation for blockchain for enterprise,” Mark Russinovich, chief technology officer of Azure, Microsoft’s cloud computing division, said at a press briefing.

Microsoft Corp is working on technology that it believes can make blockchain-based systems faster and more private, as it looks to speed up use of the distributed database software by enterprises.
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Microsoft unveils technology to speed up blockchain and its adoption

Microsoft unveils technology to speed up blockchain and its adoption $MSFT

  • REUTERS/ Mike Blake/File Photo

    NEW YORK (Reuters) – Microsoft Corp (MSFT.O) is working on technology that it believes can make blockchain-based systems faster and more private, as it looks to speed up use of the distributed database software by enterprises.

  • The company said on Thursday that it had developed a system called Coco Framework, which connects to different blockchain networks to solve some of the issues that have slowed down their adoption, including speed and privacy concerns.
  • It is currently compatible with Ethereum, one of the most popular types of blockchains and can make it roughly 100 times faster, Microsoft said.
  • “We expect this to be the foundation for blockchain for enterprise,” Mark Russinovich, chief technology officer of Azure, Microsoft’s cloud computing division, said at a press briefing.
  • Microsoft’s technology would make it easier for firms to control who can see what on a network without making the system slower.

Microsoft Corp (MSFT.O) is working on technology that it believes can make blockchain-based systems faster and more private, as it looks to speed up use of the distributed database software by enterprises. Coco, whose names stands for Confidential Consortium, will be ready and made open source by 2018
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Indian bitcoin company raises $1.5 million from U.S., Indian investors

  • Indian bitcoin company raises $1.5 million from U.S., Indian investors
  • The company, which runs a trading platform to buy, sell, and store bitcoins for Indian customers, said the money raised was the largest for an Indian bitcoin startup.
  • “So if you want to buy bitcoin from an international exchange, you will have to do a wire transfer from India to these international exchanges and get your bitcoin and oftentimes it takes three to five days.”
  • Bitcoin, a digital currency, was trading at $604.50 on the Bitstamp platform.
  • San Francisco-based Coinbase is the largest U.S. bitcoin company and runs an exchange and a wallet service, among other businesses.

Unocoin, a Bangalore-based bitcoin startup, has raised $1.5 million in funding from a mix of Indian and U.S. investors, the company announced on Thursday. The company, which runs a trading platform to buy, sell, and store bitcoins for Indian customers, said the money raised was the largest for an Indian
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Indian bitcoin company raises $1.5 million from U.S., Indian investors

  • New Delhi [India], Sept.28 (ANI): Prime Minister Narendra Modi on Wednesday paid tribute to Shaheed Bhagat Singh on his 109th birth anniversary. “
  • New Delhi [India], Sept. 29 (ANI): Kareena Kapoor Khan seem to get hotter even as her baby bump keep growing and make its way closer to the T-day.
  • New Delhi [India], Sept. 28 (ANI): ‘Rockstar’ Ranbir Kapoor turns 34 today and it looks like he is still a mumma’s boy to Neetu Singh.
  • New Delhi [India], Sept. 29 (ANI): Prime Minister Narendra Modi will chair a review meeting today over the status of ‘Most Favoured Nation’ granted to Pakistan.
  • New Delhi/Islamabad: The Pakistan Army, late on Thursday night, denied reports that it had captured an Indian army soldier alongside the Line of Control in Pak-occupied Kashmir.

Unocoin, a Bangalore-based bitcoin startup, has raised $1.5 million in funding from a mix of Indian and U.S. investors, the company announced on Thursday. The company, which runs a trading platform to buy, sell, and store bitcoins for Indian customers, said the money raised was the largest for an Indian
Continue reading “Indian bitcoin company raises $1.5 million from U.S., Indian investors”