Thursday, 14 November 2019

Considerable energy is being devoted to research and pilot projects determined to prove whether blockchain, a secure digital ledger technology that can collect data across partner ecosystems, along with other smart contracting and digital identification technologies, will be crucial for shifting to a circular, inclusive economy.

A new startup has come up with an unusual solution to improve accountability in the bunker supply chain: putting DNA tracers into the fuel at every stage of the supply chain, then recording every transaction in a blockchain-based system.

The Singapore Shipping Association (SSA), the International Chamber of Commerce (ICC) and Singapore tech startup Perlin have teamed up to build an advanced digital blockchain ship registration preparation system for international adoption.

Private Key management is the Achilles Heel of blockchain applications. The loss of a private key represents a single point of failure. Indeed, most of us have heard nightmare stories of users losing their private key and consequently all of their crypto assets, never to be recovered.

Since 2018 when the World Economic Forum declared that blockchain would be among other technologies defining the emerging revolution, there has been a lot of scepticism around what it can do that cannot be done with existing systems.

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