Blockchain technology continues to be one of the hottest trends among financial, governmental, and commercial organisations worldwide. ForkLog magazine offers an overview of the most interesting recent initiatives.
GSBN launched a blockchain platform to digitise the delivery process
The Global Shipping Business Network (GSBN) запустил a blockchain-based platform to digitise the delivery process and track a third of all sea containers globally.
In October 2020, eight international shipping companies founded GSBN to optimise the processing and issuance of documents. The consortium launched the blockchain platform in collaboration with Oracle, Microsoft Azure, AntChain and Alibaba Cloud.
China to develop blockchain-based green-energy trading platform
The National Development and Reform Commission (NDRC) объявил about a collaboration with the State Grid Corporation of China to develop a blockchain-based green-energy trading platform.
Renewable energy sources are volatile due to dependence on the weather, which creates a mismatch between supply and demand. The initiative will help regulate the flow of electricity as needed.
The parties plan to address the issue by developing a system for an electricity market. Authorities are confident that the conditions to do so exist.
Indian state launches blockchain-backed education fraud fight
The government of the Indian state of Maharashtra entered into a collaboration with blockchain startup LegitDoc to curb fraud in education. Educational institutions have begun issuing diplomas secured against unauthorised access.
Data in the single blockchain-based system is tamper-proof. Each diploma will be endorsed by the Ministry of Education of India, guaranteeing its authenticity. LegitDoc first converts the certificate into PDF format, after which it attaches a unique code that is uploaded to the blockchain.
The startup is in talks with authorities in other Indian states to roll out similar solutions.
MG unveils blockchain-based digital passport for cars
British automaker MG, owned by Chinese carmaker SAIC, plans to use blockchain to record driving information in the digital passport of its new SUV, the MG Astor. This is reported by LiveMint.
As part of the project, the company has already partnered with Indian blockchain firm Koinearth. Under the idea, driving data on the blockchain will affect insurance costs and the valuation of a used car before sale.
The digital passport will provide vehicle identification, helping to prevent odometer fraud, concealment of accidents, and other information.
Audius blockchain service and TikTok will develop anti-piracy functionality
The music streaming blockchain service Audius has formed a partnership with TikTok to address the issue of shrinking earnings for performers. The platform plans to pay artists for each play of their song. This is reported by CNBC.
To implement the initiative, Audius will need to develop functionality that blocks the use of pirated music. The blockchain will secure copyrights and automatically track every use of a track.
Read ForkLog bitcoin news on our Telegram — crypto news, rates and analytics.