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IBM and Maersk are closing TradeLens by the first quarter next year, after the blockchain-based supply chain service failed to attract enough users to be commercially viable.
Like the internet, blockchain will eventually underpin new business models – and the movement in that direction has already begun.
The three largest cargo shipment companies are now all using a single blockchain ledger to track vessels – and their cargo containers – around the world in near real time.
While the coffee chain explores a new tracking system and mobile app, two surveys show that not everyone is fully on board with the much-hyped distributed ledger technology.
Blockchain backers need to stop talking up the technology's intricacies and start detailing real-world business use cases, says Salesforce's Adam Caplan. He's noticed a recent 'sea change' in how companies approach the distributed ledger tech.
The FDA plans to pilot artificial intelligence and machine learning technology in its legacy food-screening systems – and it's exploring how to build out blockchain internally and industry-wide to increase the scale, efficiency and safety of supply chains.
Cryptocurrency wallets store secret keys used to digitally sign transactions for blockchain distributed ledgers, but their future goes far beyond being just a keeper of cryptocurrencies. They could one day represent your professional and financial status, or even your personal identity.
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