Blockchain technology remains one of the hottest trends among financial, governmental and commercial organisations worldwide. ForkLog magazine offers an overview of the most interesting recent initiatives.
Blockchain-based water delivery to launch in South Africa
South African company H20 Securities attracted $150 million from GEM Digital through the sale of the H20N token, which enables the delivery of freshwater via blockchain.
“Water is the most important commodity on Earth, and our management of it is critical for humanity,” said Julius Stein, head of H20 Securities.
He argues that combining the strengths of traditional and decentralized finance will ensure affordable and rapid water supply.
Shell launches blockchain platform for fuel trading
Oil major Shell has launched the blockchain-based platform Avelia to sell carbon-neutral aviation fuel. This is reported by Business Green.
The initiative has been launched in collaboration with consulting firm Accenture and travel agency Amex FMT.
The platform will bring together carbon-credit suppliers for aviation fuel, airlines and freight carriers in a single ecosystem. The blockchain will ensure data security and transparency.
The sale of carbon credits will aid decarbonisation of the sector and the transition of airlines to sustainable fuel.
Italy to allocate $46 million for blockchain projects
The Ministry of Economic Development of Italy will allocate $46 million in subsidies for companies developing blockchain-based projects.
The application window opens in September 2022. Each company can expect between €500,000 and €2 million provided the funds will be used in specific sectors, for example healthcare.
Italy’s Minister of Economic Development Giancarlo Giorgetti explained that the government is promoting the modernization of production systems using governance models that are becoming “increasingly interconnected, efficient, secure and fast.”
Tata Steel to deploy blockchain to track steel supply chains
British steelmaker Tata Steel entered into a collaboration agreement with startup iov42 to work on a blockchain solution for tracking steel supply chains.
One of the initiative’s main aims is a digital passport, intended to capture feedback from Tata Steel’s customers.
The firm’s New Product Development Manager, Richard Clark, said that the company will explore blockchain opportunities “to overcome the existing barriers” in the steel industry.
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