One often hears blockchain in the same breath as security and supply chains. This week, a winning entry to a competition organized by the United States Department of Defense cast both these aspects in a new light. To keep pace with the ever-more technologized battlelines of contemporary warfare, the DoD continues to explore ways to innovate the manufacturing process and supply chain for weaponry and infrastructure in use by the U.S. Air Force and U.S. Navy. The Advanced Manufacturing Olympics, held virtually this year on Oct. 20–23, sought to recruit traditional DoD contractors, technology developers and academics to mobilize new …
Samsung SDS, the IT subsidiary of global tech giant Samsung, has announced a joint initiative to launch a new blockchain-based traceability product. To develop the new project, Samsung SDS partnered with American software firm Pega and Tech Mahindra, a subsidiary of major Indian multinational conglomerate holding company Mahindra Group, according to a press release on Oct. 16. Specifically, the joint initiative will be a combination of Samsung SDS’s enterprise blockchain platform Nexledger Universal and Pega’s digital process automation platform Pega Platform. By integrating Pega’s core product with Nexledger, the firms aim to develop improvements for supply chain systems, the press …
U.S. fast-casual salad chain Sweetgreen has announced a second funding round to raise $200 million, mentioning blockchain among its key development areas, according to a press release published Tuesday, Nov. 13. Throughout the first round, closed late October, the company managed to raise $200 million, becoming valued at over $1 billion. During the second round led by major asset management company Fidelity Investments, the salad chain aims to raise an equal amount. The сapital raised, in particular, will enable Sweetgreen to focus on technology and supply chain development, the release states, with blockchain mentioned as the “most viable solution available” …
Portland State University (PSU) researchers have made a blockchain protocol to prevent counterfeit pharmaceuticals from filling the market, according to a press release published on April 15. PSU researcher and professor of computer science at the Maseeh College of Engineering and Computer Science, Nirupama Bulusu, in collaboration with PSU computer science doctoral student Naif Alzahrani published a work dubbed "A new product anti-counterfeiting blockchain using a truly decentralized dynamic consensus protocol." In the paper, the researchers described a new blockchain-based method to record transactions geared to facilitate the fight against fake pharmaceuticals by product checking and decentralization. The proposed solution …
United States enterprise supply chain developer Chronicled has raised $16 million in a Series A funding round, the company confirmed in a press release Jan. 15. Chronicled — which will use blockchain technology to power a platform helping clients secure and automate supply chains — saw its round led by Hong Kong venture capital firm Mandra Capital. Streamlined Ventures, The Perkins Fund, Frank Fiore and David Aho also participated in the funding round The company reports it is planning to launch its platform this year. “While many companies in the space are conducting ICOs — fueling speculation and hurting the …