Supply Chain/Blockchain Friday Wrap — Week ending 21 December 2018
It’s been an exciting week of new ventures and projects setting out to prove the beneficial impact blockchain can have on diverse industries. From land records to entertainment, from real estate to produce supply chains, the future is looking bright for blockchain technology to significantly improve different fields.
Here’s our weekly roundup of supply chain and blockchain news!
Teton County traces the history of its dirt with blockchain
In Wyoming, land records are either still in paper form or gradually being moved into computer databases to easily track and research land ownership. But Medici Land Governance has signed an agreement with Teton County to build a pilot blockchain-based platform to track and verify those records.
According to Sen. Ogden Driskill, the pilot program is just the beginning of record keeping that could benefit from blockchain technology. He also stated that if Wyoming could be ahead of the game when it comes to the new technology, then it can also draw in businesses.
TRON Arcade Wants to Break Open the Gaming Industry for Blockchain
Blockchain Platform TRON has announced its plans to launch a $100 million fund known as “TRON Arcade,” in an effort to unlock the gaming sector, a billion dollar industry, for blockchain technology. While blockchain-based applications in the gaming field have had mixed results, TRON’s gaming endeavour is being launched to an already established community with a robust technological infrastructure.
CEO Justin Sun said, “TRON is dedicated to bring blockchain technology to the mass market. To do that, we are focusing on consumer internet vertical, so as to introduce more people to blockchain technology.”
New Alliance Formed to Steer Blockchain Adoption in the Entertainment Industry
A group of companies in the entertainment industry have formed the Blockchain Global Entertainment Alliance, a non-profit that will focus on promoting blockchain technology adoption in the entertainment industry, as well as developing standards and best practices.
Founding member Wayne Marc Godfrey of the U.K.’s Purely Capital said, “Despite virtually all content being distributed on digital devices, the recording, management, transfer, licensing and collection of revenues remains a primarily slow and analogue process. The opportunity to deliver a frictionless, secure and trusted backbone to the entertainment industry … is incredibly exciting.”
The alliance is planning on completing a report that will explain how blockchain technology can be utilized in the entertainment industry by early January.
World’s First Regulated Blockchain Real Estate Crowdsale Platform Launched in Switzerland
Blockimmo is the first project to tokenize real estate assets within the bounds of existing regulations in two jurisdictions. A real estate seller can list the property on the platform with the issuance of tokens that will represent shares of the property.
Blockimmo is currently limiting its operations to Switzerland and Lichtenstein, places where they are sure their platform can be fully regulated. They plan to expand to other parts of Europe as properties are successfully listed and their project grows.
Sweetgreen has a plan to tackle one of the biggest challenges facing the food industry right now
After food-poisoning outbreaks dominating the media headlines in 2018, salad chain Sweetgreen is investing in blockchain technology to make their supply chain more transparent. Sweetgreen co-founder and chief concept officer Nicolas Jammet explained, “We are trying to build a system of full traceability to know which farm food comes from and when it is picked. For us, that idea of traceability is the biggest protection.”
If a food-poisoning outbreak were to occur again, Sweetgreen would be able to know exactly where the produce that was served’s origin is and when it was picked, making it easier to determine whether they’re able to keep serving it. Blockchain will also allow Sweetgreen to track all of the different variables that create a certain flavour in each ingredient, making it possible to advise buyers when the best time to purchase certain produce is.
Blockchain Blockbusters: SingularDTV And The Promise Of A Blockchain Studio
SingularDTV is a blockchain entertainment studio that is piloting a decentralized entertainment industry in an effort to give content creators more independence and creative control. Singular aims to create a “studio in a box” in a series of applications in four categories: development, production, distribution, and support.
Current applications allow users to create projects and onboard them to the blockchain and also features a decentralized peer-to-peer exchange of intellectual property and their utility token.
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