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Go Where No Operations Department Has Gone Before – Instant Settlement

Perficient

The front office is screaming down to the Settlement Office, “Operations, we need more capital!” Adding blockchain to the supply chain improved visibility, allowed automatic purchases through smart contracts, and kept a permanent record of what had been ordered as well as status reporting of all items in the supply chain.

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 Blockchain Rx For Drug Supply Chains

PYMNTS

Libra may have dominated the news so far this week — and, of course, the new cryptocurrency announced by Facebook is underpinned by blockchain. To that end, the MediLedger project debuted a new pilot program this week, billed as a cross-industry initiative that eyes using blockchain for drug supply chains.

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Target Tests Blockchain For Supply Chain Tracking

PYMNTS

Retailer Target is developing an open source blockchain solution to boost transparency within supply chains , the company revealed. Reports said Target opened up its developed blockchain tool on GitHub, where it was named “ConsenSource,” with evidence of its existence on the platform in April.

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Bitcoin Daily: SEC Demands Telegram’s ICO Allocations; Coinbase CEO Expects To See 1B Blockchain Users By Decade’s End

PYMNTS

The SEC’s initial complaint in October alleges that Telegram and its wholly-owned subsidiary TON began raising capital in January 2018 to finance the companies’ business, including the development of its own blockchain, the “Telegram Open Network” or “TON Blockchain,” as well as the mobile messaging application Telegram Messenger. .

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FIS: Blockchain Transformation Must Be Deliberate

PYMNTS

Blockchain probably won’t solve all the world’s financial problems, as devoutly as innovators and enthusiasts may hope and believe that it can. Esther Pigg, SVP Product Strategy of FIS , says blockchain’s potential benefits will instead be discovered gradually, and will change the industry even more gradually. Use Cases For Blockchain.

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Governments Get Realistic On Blockchain

PYMNTS

The blockchain hype is real — just ask Long Blockchain — but governments are taking a modest, more realistic approach to the technology. In this week’s Blockchain Tracker , PYMNTS examines the latest government initiatives in the U.S. around blockchain, including the latest from the Federal Trade Commission (FTC) and Congress.

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Measure Twice, Cut Once. Plan Twice, Build Once

Perficient

In our first blog in this series, Blockchain: The Secret Sauce to Supply Chain Visibility , we covered why visibility is so crucial in the supply chain for all parties and gave examples of firms using distributed ledgers to help improve customer service, reduce inventory costs, provide proactive status updates, and help mitigate risk.