Samsung SDS and ABN AMRO will collaborate on a trial project that applies blockchain to shipping logistics, the companies have announced. The South Korean IT services firm and Netherlands bank will connect their blockchain platforms Nexledger and Corda, respectively, with the project expected to be completed in February next year. The collaboration aims to apply blockchain into goods departing from Asia that arrive in the port of Rotterdam. The goal is to reduce transaction times for imports and exports, share related documents, and prevent fraud. Samsung SDS and ABN AMRO will later expand the routes it applies to, and will aim to connect with other companies' blockchain platforms.
Blockchain, a form of Distributed Ledger Technology, has been gaining enormous attention in areas beyond its cryptocurrency roots since more or less 2014: blockchain and IoT (the Internet of Things), blockchain and security, blockchain and finance, blockchain and logistics, you name it. In this article we look at the IoT blockchain opportunities, evolutions and challenges. As we wrote before it seems as if blockchain technology or, better, Distributed Ledger Technology, is about to change all aspects of digital business and according to some such as Don Tapscott, blockchain is a bigger deal than the Internet. Combine blockchain and IoT and you have two bigger deals than the Internet who need eachother for numerous reasons we explain in this IoT blockchain overview. Blockchain (there are many blockchains in fact and it's more than the technology powering Bitcoin), has been mentioned by virtually all research firms as a rapidly accelerating evolution and it's not just about financial services companies, the scope in which we tackled blockchain outside of its cryptocurrency roots the first time (namely FinTech or financial technology).
Shira Rubinoff is the President and Co-Founder of Prime Tech Partners, which is a unique incubator in NYC. She is also the President of SecureMySocial, which warns people of social media problems in real time. In Shira's new book "Cyber Minds," we see a unique mix of cutting-edge perspectives on blockchain and where it is going, insights on several hot technologies like AI and the Internet of Things (IoT) as well as solid cybersecurity advice for technology and business leaders. Cutting right to the core, this book offers the best practical content l I have seen regarding blockchain's potential, future and cybersecurity opportunities and drawbacks. The materials on blockchain, which includes interviews with thought-leaders in the area, are simply ground-breaking.