Cardano Blockchain Founder Charles Hoskinson Confirms that IOHK has Joined Hyperledger and …

IOHK (Input/Output Hong Kong), a research and development (R&D) firm focused on bringing innovation via blockchain and cryptocurrencies, has confirmed that it will be joining the Hyperledger initiative and W3C.

Hyperledger is an open-source project focused on blockchain or distributed ledger technology (DLT) development. It was launched in December 2015 by the Linux Foundation. Hyperledger has received support and contributions from IBM, Intel and SAP Ariba.

W3C (World Wide Web Consortium) is the primary global standards body for the World Wide Web. Established in 1994 and presently managed by Tim Berners-Lee, the W3C includes key member organizations that maintain full-time staff working cooperatively towards the development of standards and best practices for the World Wide Web.

Cardano (ADA) and Ethereum (ETH) founder Charles Hoskinson, who’s also the CEO at IOHK, claims that his organization will benefit from sharing knowledge and expertise with W3C and Hyperledger developers.

Hoskinson stated:

“We would like to start consolidating some of our enterprise ledger ideas and bring it there, ‘A,’ because there’s just a lot of knowledge in that circle. And ‘B’, it helps us with the bidding process. When we’re deploying a permissioned system, government procurement and corporate procurements, a little bit more familiar with Hyperledger.”

IOHK’s contract with the Cardano Foundation will be expiring at the end 2020. IOHK is currently planning to present its proposal, in order to hopefully get their contract renewed. A key part of the proposal will be outlining a clear development roadmap for building an enterprise-grade version of Cardano, a project that has been delayed for a very long time.

Hoskinson noted:

“One of the things that we will explore is how do we create an enterprise version of Cardano? And we’ll make a proposal for that at the end of the year when we’re proposing to the community IOHK contract renewal for the next five years for Cardano. And there’s going to be certainly an enterprise component to that renewal.”

Hoskinson claims that the Cardano blockchain will be able to seamlessly switch between permissioned (private) and permissionless (public) modes.

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Accenture and Fujitsu Announce Launch of HyperLedger Cactus, an Open-Source Blockchain …

Michael Klein, the Blockchain and Multiparty Systems Architecture Lead at Accenture and Hart Montgomery from Fujitsu Laboratories announced on May 13, 2020, the launch of an open-source blockchain integration framework.

The distributed ledger technology (DLT) framework has been developed with the help of Fortune 500 company Accenture and Fujitsu. Both companies jointly contributed to the Hyperledger Labs initiative.

The project, Hyperledger Cactus, will benefit from the resources and “promise of longevity that come with inclusion in the Hyperledger Greenhouse.”

As mentioned in a blog post published on HyperLedger’s website:

“In the short six months since entering the Labs, Hyperledger Cactus has attracted significant attention and become a locus of collaboration between developers from our teams at Accenture and Fujitsu, and dozens of others working on DLT platforms both inside and outside Hyperledger.”

The development teams said they are now focused on “increasing the number and diversity of perspectives” and growing the community, so that the initiative can transition from Incubation to Active status.

The announcement pointed out that the fast pace of change in the blockchain sector can potentially become a source of risk.

It further noted:

“What if the platform I select gets leapfrogged? Or what if I need to conduct business with an ecosystem in the future that’s using a different technology? These questions can manifest in a high stakes decision to choose ‘the right’ solution.”

As explained in the announcement, Hyperledger Cactus is an Apache V2-licensed open-source software development kit (SDK) that can help “maximize pluggability” so that developers can use it to connect any blockchain or DLT network to others.

The integration may be performed by creating a simple plugin, which can enable the execution of ledger operations across several different blockchains, which include Hyperledger Besu, Hyperledger Fabric, Corda, and JPMorgan’s Quorum.

Accenture has reportedly been working on blockchain interoperability solutions since 2018. The company learned that the long-term success of these solutions depends on creating a broader ecosystem to support such projects.

That’s one of the reasons why Accenture has been supporting open-source initiatives like Hyperledger Labs. In 2019, Fujitsu joined these projects and contributed the ConnectionChain codebase in December of last year.

The announcement added:

“Our first effort as a community will be to finalize our modular, pluggable interfaces so that all stakeholders in Hyperledger (and others outside Hyperledger that wish to participate) can benefit from our solution for blockchain interoperability.”

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Fujitsu and Accenture launch new project to advance blockchain

Fujitsu and Accenture have announced a new joint project titled ‘Hyperledger Cactus’ by Hyperledger and hosted by the Linux Foundation.

The project is described as an open source collaborative effort designed to advance cross-industry blockchain technologies.

According to their initial proposal to the community, the companies are looking to develop an open-source software (OSS) project for secure and reliable integration between multiple blockchains.

Hyperledger executive director Brian Behlendorf says, “Hyperledger Cactus has moved quickly through the process of becoming a Hyperledger project thanks to the support and initial code contributions of Accenture and Fujitsu and a compelling use case.

“There is strong community interest in facilitating the flow of information and transactions across disparate blockchains, and Hyperledger Cactus is tackling that challenge.

“Now that Hyperledger Cactus is a full Hyperledger project, there will be an even bigger pool of resources and contributors driving this project forward with the aim of delivering market-ready blockchain integration technologies.”

Accenture, Fujitsu Laboratories and FLA will utilise the Fujitsu Laboratories’ proprietary security technology ConnectionChain to develop an infrastructure software that enables simpler development of integrated services in which multiple different blockchains work together. The companies have open-sourced the software for Hyperledger Cactus.

According to the companies, the project aims to develop the foundation for a new architecture that will eliminate differences such as the timing of transactions between multiple blockchains, enabling asset transfers and recovery from transaction errors.

The new open-source technology aims to create a modular, extensible system that will enable integration, communication, operations and transactions between different blockchains.

The companies will also offer a Software Development Kit as an OSS to offer services that integrate multiple blockchains for software developers.

As an example, by applying the infrastructure of Hyperledger Cactus in car-sharing services, a new service can be created in which a driver can temporarily use a car in exchange for transferring private coins, while linking a car-sharing service blockchain that manages the rights of car usage, with a blockchain handling private coins.

According to the companies, conventional blockchains cannot integrate different blockchains or get excess money back from remitted coins, whereas the Hyperledger Cactus framework automatically links different blockchains.

Furthermore, the technology can monitor the results of such operations, enabling the rapid development of integrated services that combine multiple blockchains.

When discussing the need for the Hyperledger Cactus project, the companies state blockchains are difficult to modify and do not require central management, and therefore are increasingly being used in non-financial areas such as content management and rights management.

Prior to this project in November 2017, Fujitsu Laboratories developed a proprietary security technology ConnectionChain to safely interconnect blockchains with varying implementation methods and objectives. The software for exchanging different private coins was made freely available as an OSS.

Under the new project Hyperledger Cactus, Fujitsu Laboratories and FLA will integrate the ConnectionChain technology with Accenture’s Blockchain Integration Framework to jointly develop a platform for interconnecting blockchains and further activate digital transformation.

Going forward, Accenture, Fujitsu Laboratories and FLA plan to develop an infrastructure software that will integrate different blockchains to securely and reliably work together while making these now available as OSS for Hyperledger.

Related:

Accenture–Fujitsu Project Hopes to Solve Blockchain Interoperability

While interoperability continues to pose serious challenges for enterprises leveraging blockchain networks, companies may be one step closer to breaking down these barriers.

An open-source project initiated by Fortune 500 company Accenture and Fujitsu joined Hyperledger’s Greenhouse on May 13, 2020. The project, formerly known as the “Blockchain Integration Framework,” spent six months in development in the Hyperledger Lab before joining the Hyperledger Greenhouse as the 16th technology code base. Upon joining the Greenhouse, the project was renamed “Hyperledger Cactus” and now sits alongside notable projects including Hyperledger Fabric and Hyperledger Sawtooth.

The director of blockchain technology at Accenture, Michael Klein, told Cointelegraph that Hyperledger Cactus is an open-source software development kit designed to connect distributed ledger technologies through a plugin:

“Hyperledger Cactus serves as an option for enterprises wanting to connect any DLT to other DLTs through a plugin. Cactus can be used on any permissioned DLT network where you have known identities or validators in an interoperability framework.”

Klein noted that Hyperledger Cactus can be executed on Hyperledger Besu, which runs on the public Ethereum blockchain, along with Hyperledger Fabric, R3’s Corda and Quorum (Ethereum-based).

Why is interoperability important?

The executive director of Hyperledger, Brian Behlendorf, told Cointelegraph that there are two layers of interoperability. He explained that the first relates to interoperability within a given blockchain network, noting that everyone on the IBM Food Trust Network, or the Trust Your Supplier network, or other similar networks powered by Hyperledger Fabric, can exchange information efficiently and correctly:

“This is where ensuring everyone is using the same software (e.g., Hyperledger Fabric, or Hyperledger Besu) is the most important piece, as well as setting up a governance structure for the participants on that network to coordinate additional technical, policy and legal issues.”

Secondly, Behlendorf mentioned that interoperability between networks is important, explaining that this is where Hyperledger Cactus operates, as the project works to build bridges between networks even if they are of different protocols (i.e., between Fabric and Quorum), adding: “This means that as a company, an organization can conduct a transaction that spans two networks or reliably and trustfully send data from one network to another.”

A recent article from Cointelegraph Consulting highlights the benefits and challenges associated with creating interoperable blockchain ledgers. Once achieved, these networks can be used for cross-industry scenarios, rather than applied within a single industry.

The article notes that companies like IBM, Oracle and SAP have shown a commitment to solving interoperability issues to drive mainstream adoption of blockchain solutions. However, this is easier said than done. In addition to the technological challenges, which Cactus aims to solve, there are still concerns around governance and network participation.

It’s important to point out that Hyperledger Cactus is a technology solution that was not designed to solve governance problems or the understanding of how network participants should share data. Klein explained:

“This is a technology solution that still requires a human element to ensure success. The idea is that it uses a federated interoperability approach, meaning you can have multiple parties on a DLT network, while an opposing network confirms transactions. Trust is not placed in one organization, governance is still needed.”

Moreover, while Hyperledger Cactus exhibits great potential, Klein noted that the project does not solve interoperability challenges for all blockchain and DLT networks. He explained that this is simply another solution that enterprises can leverage but that there are other options available.

For example, the Fabric Interoperability Workgroup is being leveraged by networks hoping to achieve interoperability across Hyperledger Fabric systems. The goal of this working group is to ensure Fabric services provided by different vendors can work with each other by responding to Fabric blockchain transaction requests and performing various operations, like seamlessly creating and joining channels.

The importance of community and open source

While the recent hype around blockchain technology may make it seem like interoperability is a new challenge, it has always been an issue for enterprises leveraging blockchain solutions. As such, Klein noted that Accenture began working on solving these challenges a while back, saying:

“In early 2018, we began focusing on solving a space of interoperability that we didn’t already see in the market, which is the exchange of custom assets and information between various DLT ledgers. We understood early on that as organizations start to embrace blockchain and DLTs, there would be barriers between sharing data and picking the right platforms to execute projects on.”

In order to alleviate interoperability concerns facing enterprises, Accenture created a trusted “interoperability node” solution to sit in-between DLT systems. A protocol such as this would work to control all capabilities within connected DLT networks.

After receiving patents for various approaches to interoperability, Klein mentioned that Accenture decided to open source their code bases to make these solutions publicly available for enterprises to use. As such, the firm joined Hyperledger Labs in 2019 to raise awareness around their interoperability projects.

Klein further noted that Accenture connected with Fujitsu through Hyperledger Labs, explaining that the Japanese information and technology company shared a similar approach and solution to interoperability challenges. He added:

“We met Fujuistu through Hyperledger Labs and began working on Cactus for about six months. The future vision of the project is now focused on making it production ready for enterprise clients to use.”

According to Behlendorf, Hyperledger Labs is a place where new code bases, like Cactus, are placed to help recruit developers, look for alliances, and to ensure that the legal provenance of codes is established. Behldendorf added that some Labs — not all — are promoted to official projects at Hyperledger, saying:

“Most Labs don’t get that far, but it was always the intent for Cactus, which was previously called the Blockchain Integration Framework, to head in that direction, and germinating in Labs was a way to help other Hyperledger community members to get to know about it before it was proposed to become a full project.”

In addition to relationship building, Hyperledger Labs values open-source frameworks, which Klein mentioned has been a big element for Accenture in terms of allowing companies to come together around shared data constructs: “Blockchain is about unlocking value between organizations and ecosystems, and open source is a great way to make technology available to an entire community.”

Related:

Fujitsu and Accenture press ahead with project for integration between multiple blockchains

Fujitsu’s collaborative endeavor with Accenture gets officially approved as project “Hyperledger Cactus” by Hyperledger.

Fujitsu Laboratories Ltd. and Fujitsu Laboratories of America Inc. (FLA) today announce that their collaborative effort with Accenture was officially approved as project “Hyperledger Cactus” by Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies hosted by the Linux Foundation.

Fujitsu and Accenture had submitted a proposal to the community for the development of an open source software (OSS) project for secure and reliable integration between multiple blockchains. Together with Accenture, Fujitsu Laboratories and FLA will utilize the Fujitsu Laboratories’ proprietary security technology ConnectionChain to develop an infrastructure software that enables the easy development of integrated services in which multiple different blockchains work together. The companies have open sourced the software for Hyperledger Cactus.

Brian Behlendorf, executive director of Hyperledger, explains:

“There is strong community interest in facilitating the flow of information and transactions across disparate blockchains, and Hyperledger Cactus is tackling that challenge. Now that Hyperledger Cactus is a full Hyperledger project, there will be an even bigger pool of resources and contributors driving this project forward with the aim of delivering market-ready blockchain integration technologies.”

Under the new project Hyperledger Cactus, Fujitsu Laboratories and FLA will integrate the ConnectionChain technology with Accenture’s Blockchain Integration Framework to jointly develop a platform for interconnecting blockchains and further activate digital transformation.

This project will develop the foundation for a new architecture that will eliminate differences such as the timing of transactions between multiple blockchains, enabling asset transfers and recovery from transaction errors. The new open source technology aims to create a modular, extensible system that will enable integration, communication, operations and transactions between different blockchains.

The companies will also offer a Software Development Kit as an OSS to easily offer services that integrate multiple blockchains for software developers. Unlike conventional blockchains, which cannot integrate different blockchains or get excess money back from remitted coins, the Hyperledger Cactus framework automatically links different blockchains. Moreover, the technology can monitor the results of such operations, enabling the rapid development of integrated services that combine multiple blockchains.

Related:

IBM Upgrades Blockchain Solution to Offer Smart Contract Option

Technology giant IBM introduced new changes to its Hyperledger Fabric. This makes smart contract creation on its blockchain more flexible.

Technology giant IBM is set to upgrade its enterprise blockchain. It intends to allow blockchain users to propose and change smart contracts. Sources say that IBM said that the changes will occur in its Hyperledger 2.0 fabric.

IBM Upgrades Irs Blockchain, Makes Big Changes to Hyperledger Fabric

The amendments will allow parties to propose and change smart contracts. The difference between the proposed changes and Hyperledger fabric 1.0 is that smart contracts are centralized. The new proposed changes aim to make smart contract operations to occur on a decentralized basis.

IBM indicated this in a blog post saying:

“IBM Blockchain Platform will support Hyperledger Fabric 2.0 and continue to add additional capabilities around the new decentralized smart contract lifecycle management and other new improvements. In addition, the platform will allow the user to choose which version of Fabric to deploy and to migrate from one version to another.”

Much controversy has trailed the implementation of blockchain technology by large enterprise organizations. The major argument here is that the big tech firms won’t be able to allow blockchains to be fully decentralized. This is due to their legacy status.

Centralized technologies have ruled the technology space for decades. The introduction of decentralized technologies might not work well due to their centralized status. This is the thinking of many within the decentralized space.

Although IBM has indicated its full commitment to the changes, it hasn’t yet set a date for the launch of the new features.

Hyperledger Fabric 1.0 Is Still Centralized

The existing Hyperledger Fabric allows for central control of its smart contracts. Other parties are given a binary option: accept or decline. Upon declining, such parties are removed from the transaction in question.

This provides a fairly straightforward way to solve issues. It also removes the dynamic conditions of the critical element of choice.

Decentralizing the smart contract option will allow the parties involved to choose.

The Linux Foundation in a document has said that the new changes allow the parties to choose the terms of the smart contract before execution.

Decentralization allows for that kind of flexibility. The upgrade also requires that a quorum needs to be formed before the execution of the smart contract.

The exact composition of such a quorum remains unclear. However, most pundits have assumed that it follows the standard legal definition of a quorum.

If that is so, this would mean that smart contract functionality n the Hyperledger fabric has achieved a first for the blockchain space.

IBM’s blockchain was launched in 2017. It has attracted mainly Enterprise users who need certain types of functionality.

Hyperledger allows for users to be able to pick and choose what they want. The addition of a decentralized smart contract solution allows for the clients greater freedom. This, of course, maybe the counter-argument in favor of legacy enterprises.

At the time of filing this report, International Business Machines Corporation (NYSE: IBM) stock was up in the pre-market. Its price was $120.66 (+0.33%).

Blockchain News, News

Christopher Hamman
Author: Christopher Hamman

Christopher Haruna Hamman is a Freelance content developer, Crypto-Enthusiast and tech-savvy individual. He is also a Superstar Content Developer, Strategy Demigod, and Standup Guy.

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With Demand for Blockchain Experience Up, SIMBA Chain’s User-Friendly Platform Helps Portland …

SOUTH BEND, Ind., May 8, 2020 /PRNewswire/ — With pandemic-related job losses soaring, there’s a bright spot for tech-enabled jobseekers. In an April 24 article entitled “Inside Blockchain’s Coronavirus Hiring Spree,” Forbes reported the share of cryptocurrency and blockchain job postings on Indeed.com had increased by nearly nine percent, while remote cryptocurrency and blockchain-related job postings increased by more than 42 percent.

The news that companies are snapping up applicants with blockchain experience is music to the ears of Portland State University. In its winter 2020 term, the university successfully completed their Blockchain in Business Lab with the help of blockchain innovator SIMBA Chain.

SIMBA Chain, whose cloud-based Smart Contract as a Service (SCaaS) platform has been embraced by the U.S. government as well as enterprise businesses, was deployed by Portland State as part of its online Business Blockchain Certificate program. SIMBA Chain is an able partner, as its low-code platform allows users with little to no programming skills to conceptualize design, develop, and deploy decentralized applications (dapps).

The hands-on experience is critical to creating both an understanding of and comfort with cutting-edge blockchain technology and its applications among students in business, as well as traditional computing majors, says David Wasson, SIMBA Chain’s education program lead.

“Like any new technology, it’s important for people to dive in and actually use it,” says Wasson, who has been working with Portland State since last fall to help them create what is among the first-of-its-kind, university business-level experiences in blockchain. “Portland State is enabling students who have literally no coding experience to create relatively complex smart contracts and dapps.”

Predicting demand for graduates with a deep understanding of blockchain’s business applications, the Portland State School of Business is among the first in the nation with a blockchain curriculum. It’s also one of the first universities to employ SIMBA Chain in its coursework.

SIMBA Chain’s solutions offer students an intuitive drag-and-drop business user interface that automatically generates the code and APIs needed to create dapps, which are then deployed on SIMBA Chain-supported platforms, including Ethereum, Stellar, RSK, Quorum, and Hyperledger.

“SIMBA Chain offers the perfect entrée into building blockchain dapps. Students can easily design smart contracts for complex business processes and then study and modify the auto-generated code before taking their projects live. The hands-on experience offered by SIMBA Chain adds tremendous value to our program,” says Kristi Yuthas, professor and founder of the Business Blockchain Certificate program at Portland State.

The Business Blockchain Certificate program has attracted business professionals eager to expand their knowledge base. Tara Rubin, a pharmaceutical industry executive and student in the program, said, “Simba Chain provided a valuable, in-depth look into building and deploying of blockchain dapps. The asset and transaction model was especially interesting, as it allows the user to build relational charts.”

Added fellow student Dr. Skye Lininger, who is also a serial entrepreneur and CEO, “Using SIMBA Chain in the lab provided an understandable way to create smart contracts and applications, and learn how they deploy and interact with a blockchain platform.”

About SIMBA Chain, Inc.

SIMBA Chain’s cloud-based, Smart Contract as a Service (SCaaS) platform enables industry and governments to quickly develop and deploy Web 3.0 distributed applications (Dapps) for many blockchains and across many platforms. SIMBA Chain was the recipient of TechPoint’s 2019 Mira Award for New Product of the Year and 1st Source Bank’s 2019 Commercialization Award. The SIMBA Chain platform supports Ethereum, Quorum, RSK, Stellar and Hyperledger as well as other blockchain protocols. Learn more.

Media Contact:

David Wasson

Phone: 574.914.4446

Email: info@simbachain.com

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General Availability of Platform 6, the Enterprise Blockchain Application Platform

Any organization can now leverage Platform 6 to easily build, deploy and run decentralized applications

PARIS–(BUSINESS WIRE)–Amalto Technologies today announced the general availability of Platform 6, its solution to easily develop, package and run blockchain-based transactional applications.

Enterprise-class apps leveraging blockchain rely on a combinaison of on-chain and off-chain features. Although the on-chain capabilities – supported by blockchain frameworks like Ethereum, Quorum, Corda or Hyperledger Fabric – usually are the most hyped component of a project, the off-chain features actually represents the largest portion of the development effort (typically more than 80%).

Platform 6 is a development platform that provides all the off-chain features and services required to build enterprise-class decentralized applications, allowing developers, integrators, startups, service providers and IT organizations to create such apps in a fraction of the time it would normally take. Once developed, an application can easily be packaged – and then installed on any other Platform 6 instance, which then acts as the runtime for packaged applications.

Initially developed to build and operate custom B2B integration applications for enterprise clients such as Chevron, GE, Iron Mountain, Suez, Superior Propane and Thales, Platform 6 has recently undergone a major upgrade to help all types of organizations develop enterprise transactional applications. As part of this effort, Platform 6 has been made blockchain-ready and closely integrated with Ethereum (using Hyperledger Besu, Geth or Parity). Support for other major blockchain frameworks is expected to be added later in 2020.

Developers at blockchain-focused tech companies and entreprises can sign up now at https://www.platform6.io/ and join companies like ConsenSys and Ondiflo that are already using Platform 6 to create blockchain-based enterprise applications.

“Using Platform 6 allows a drastic reduction of custom development when creating decentralized transactional applications” said Emmanuel Thiriez, co-founder of Amalto and Platform 6. “Organizations leveraging Platform 6 to build applications save months and those using these applications benefit from a battle-hardened platform, in production at global companies.”

Platform 6 includes:

  • All features and services required to build enterprise-class transactional applications – users & permissions, organizational structure, workflows, data transformation, orchestration, system integration, responsive-design User Interface, APIs…
  • A native integration with major blockchain frameworks including Ethereum using Hyperledger Besu, Parity or Geth (available today), Quorum (very soon), R3 Corda, Hyperledger Fabric and others (coming in 2020)
  • The ability to package applications
  • The ability to develop custom services in various languages (Java, Node.js, .Net and Go) and bundle custom resources files (jar, dll, exe) in packaged applications
  • An easy way to manage developed applications (package, install, upgrade, uninstall…)

Availability

Platform 6 is immediately available to any organization or developer wishing to build, package and/or run transactional applications, leveraging blockchain or not.

Information on installation, development, and participating in the developer community is available via the “Documentation” link on https://www.platform6.io/

About Platform 6

Platform 6 is an enterprise B2B application platform that provides all the off-chain features and services required to develop, package and run enterprise-class decentralized applications. Platform 6 is developed and marketed by a dedicated business unit of Amalto Technologies, a leader in B2B/EDI managed services. Founded in 2005, Amalto has been supporting customers worldwide through offices in the US, Europe and Canada. Today, Amalto and other leading organizations leverage Platform 6 to build and operate applications that automate the exchange of important business documents and the smooth execution of complex multi-party business transactions.

To learn more about Platform 6, visit https://www.platform6.io.

Contacts

for Platform 6

Emmanuel Thiriez

[email protected]

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How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

Tesla Logo

Tesla logo

Getty Images

The list of enterprises that have turned to blockchain in order to improve their supply chain production processes just got bigger, with two very significant names. In the past week, BMW released details about their project called PartChain that utilize blockchain technology in their logistics operations. Another big name, Tesla Inc, was also involved with a blockchain pilot project that provided improved sea waybill information and thus efficiencies for all participants in the project ran by a large shipping consortia. This comes as no surprise as, previously, large enterprises like Walmart and Nestle utilized blockchain as part of their involvement in IBM’s Food Trust provenance project. Interestingly, in all those cases the preferred blockchain protocol was Hyperledger Fabric, which is establishing itself as the dominant protocol for supply chain applications.

The blockchain consortia Global Shipping Business Network (GSBN), which is subject to obtaining the requisite regulatory approvals before its official establishment, consists of the industry-leading ocean carriers operatorslike CMA CGM, COSCO SHIPPING Lines, Evergreen Marine, OOCL and Yang Ming and port terminals like COSCO SHIPPING Ports, Port of Qingdao, PSA International, and Shanghai International Port Group (SIPG) and Hutchison Ports. CargoSmart is using the Hyperledger Fabric blockchain and recently did a pilot project with terminal operator Shanghai International Port Group SIPG and ocean carrier, COSCO. In this specific project, in line with the industry trend of digitalization of the usually very paper-intensive process, the handling of documents was done on a blockchain. Before, the shipping companies and the port needed to check and clear the paperwork separately, but now with the use of blockchain technology they are able to see the same amount of data at the same time and sign it off seamlessly. The containers filled with Tesla auto parts were able to be released faster with accelerated the cargo pick up with the one-stop, zero-latency and zero-touch blockchain advantage using the Hyperledger Fabric protocol. The pilot was technically supported by CargoSmart, a leading shipment management technology solutions provider based out of Hong Kong, which leveraged Hyperledger Fabric in order for the ultimate customer, Tesla, to receive the auto parts faster and cheaper. Recently, CargoSmart further enhanced the application to display laden gate out, appointment date, and terminal release, enabling shippers to have better visibility of their cargoes.

The GSBN aims to accelerate digital transformation of the shipping industry. It intends to provide a platform for all shipping supply chain participants to work collaboratively to accelerate technology innovation and develop solutions through trusted and secure data exchange platforms.

Lionel Louie, Chief Commercial Officer of CargoSmart

Similar to Tesla, the German automaker BMW, the world’s fourteen-largest producer of motor vehicles, looked into blockchain in order to optimize their processes, and are taking it a step further by starting their own blockchain initiative called PartChain.

BMW Blockchain PartChain

BMW Blockchain PartChain

BMW Group

One of the members of the board of management of BMW AG responsible for purchasing and supplier network, Andreas Wendt have explained that PartChain adds in an extra layer of tamper-proof and verifiable collection of data in their supply chain processes. While the first pilot was just to trace front lights, the roadmap is to also include raw materials, and the platform will provide end-to-end transparency and traceability, from the mine to the factory.

This move is designed to take the digitalisation of purchasing at the BMW Group to the next level. Our vision is to create an open platform that will allow data within supply chains to be exchanged and shared safely and anonymised across the industry.

Andreas Wendt, member of the board of management of BMW AG

It’s no shock that large automakers like Tesla and BMW are taking the lead in innovating and improving their supply chain processes. The benefits driven from using blockchain, like improved cost savings, enhanced traceability and increased transparency, are strong drivers for such innovations. In 2018 the specialized consortia Mobility Open Blockchain Initiative (MOBI) was co-founded by BMW Group and 120 other leading automotive, mobility and technology companies. The future is to connect as many counterparties as possible on the same network, and using advanced new technologies like Internet of Things, artificial intelligence, enhanced GPS, 5G wireless and, of course, blockchain are the stepping stones in a new connected future.

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