Fighting counterfeit whisky, boosting budget transparency and other blockchain initiatives

Blockchain technology remains one of the hottest trends among financial, governmental and corporate organisations worldwide. ForkLog magazine presents an overview of the most interesting recent initiatives.

Brazil integrates blockchain to bolster budget transparency

The Brazilian government is developing a blockchain-based platform to improve transparency in the flow of budgetary funds. This was reported by Portal do Bitcoin.

The head of the Brazilian Development Bank’s blockchain initiative, Gladston Arantes, said the Rede Brasil de Blockchain developers chose a consensus protocol based on Hyperledger Besu 2.0 as the base platform.

The project network will use a Proof-of-Authority consensus system. Authorities intend to move all government expenditures to Rede Brasil de Blockchain.

Whisky producer to implement blockchain to fight counterfeits

Scottish whisky producer The Whiskey Barrel will implement blockchain to verify the authenticity of a limited edition Glen Moray single-malt whisky. This was reported by Decanter.

The batch comprises 152 bottles priced at £350 each (over $460 at the rate at the time of writing). Part of the collection will be issued as NFTs, which will serve as digital certificates on the Solana blockchain.

Each bottle has a unique QR code linking to information in an open registry to reduce the risk of counterfeit purchases. Customers will also receive data on supply chains and production conditions.

Unilever integrates blockchain to track palm-oil supply chains

One of the world’s leading food and consumer goods companies, Unilever, together with enterprise software developer SAP представил the pilot blockchain project GreenToken.

The initiative aims to track supply chains, production conditions and product composition in real time. The concept has already been successfully tested in Indonesia.

By scanning the QR code on the packaging, consumers will be able to learn the percentage of palm oil in a product and verify its environmentally friendly origin.

Chinese courts begin accepting blockchain-based evidence

Courts in the Chinese provinces of Inner Mongolia and Sichuan allowed evidence recorded on the blockchain to be used.

Among the early precedents was the formal attachment of a blockchain-stored contract as evidence in a dispute over a loan agreement in Inner Mongolia.

In Sichuan, the court upheld a case involving the theft of a musical work and its use commercially. Evidence on the blockchain was used as proof.

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