Blockchain technology remains one of the hottest trends among financial, government and commercial organizations around the world. ForkLog provides an overview of the most exciting recent initiatives.
Brazil integrates blockchain to improve budget transparency
The Brazilian government is developing a blockchain-based platform to increase the transparency of the movement of budget funds. This was reported by Portal do Bitcoin.
Head of Blockchain Initiatives at the Development Bank of Brazil, Gladstone Arantes, said that the developers of Rede Brasil de Blockchain have chosen a system with the Hyperledger Besu 2.0 consensus protocol as the base platform.
The project network will use a Proof-of-Authority consensus system. The authorities intend to transfer all government spending to Rede Brasil de Blockchain.
Whiskey producer will implement blockchain to combat counterfeiting
Scottish whiskey producer The Whiskey Barrel will integrate blockchain to confirmation of the authenticity of the limited collection of single malt alcoholic drink Glen Moray. Decanter reports this.
The circulation is represented by 152 bottles at a price of 350 pounds (more than $460 at the exchange rate at the time of writing). Part of the collection is presented in the form of NFTs, which will act as digital certificates on the Solana blockchain.
Each bottle of whiskey received a unique QR code to access information in a public registry to reduce the risk of buying a fake. The company’s customers will also receive data on supply chains and production conditions.
Unilever integrates blockchain to track palm oil supplies
Unilever Corporation, one of the world leaders in the markets of food and household chemicals, together with the developer of corporate software SAP, presented a pilot blockchain project GreenToken.
The initiative is aimed at tracking supply chains, production conditions and product composition in real time . The concept has already been successfully tested in Indonesia.
By scanning the QR code on the packaging, companies and consumers will be able to find out the percentage of palm oil in the product and verify its ecological origin.
Chinese Courts Start Accepting Blockchain-Based Evidence
Courts in China’s Inner Mongolia and Sichuan provinces have allowed the use of blockchain-based evidence.
Among the first precedents is the official inclusion of a blockchain-based contract as evidence in a case in a dispute over a loan agreement in Inner Mongolia.
A court in Sichuan upheld a claim in a case of theft of a piece of music and its use for commercial purposes. Evidence on the blockchain was used as evidence.
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