One of the big 4 consulting firm is leading a group of German logistics companies for a joint blockchain tracking platform with the primary aim of reducing costs and resource consumption while ensuring higher transparency standards and protect against counterfeiting.
The companies that are involved in the initiative includes LKW Walter, GS1 Austria, Bundesvereinigung Logistik Österreich, DB Schenker, and WU Vienna with EY managing the overall project
According to Michael Schramm head of the German-speaking EY blockchain competence center, blockchain holds enormous potential for all industries especially in those with standardized processes such as transport and logistics if they are used properly.
The development is reportedly scheduled to begin later this year and last until the end of 2019 and will be available commercially next year when it passes pilot.
Headlines for the world of Cryptocurrencies - July 15, 2019
- $5 Billion Tether Out Of Thin Air
- Bull Market Still Driven By Retail Investors According To Binance Chief
- PundiX Integrates With Traditional Sales Terminal
- Larry Sanger Co-Founder Of Wiki On Blockchain, Internet And Knowledge
- Mobile ID System To Launch In Korea
Headlines for the world of Cryptocurrencies - July 14, 2019
- Justin Wants To Invite President Trump For Lunch With Warren Buffet
- Blockchain-Powered Waste Management Launched In Italy
- No VAT For Cryptocurrency In Georgia
- Japan Looks Closely Into Facebook’s Libra
- Crackdown On Mining Operations In China Might Be Good For BTC prices
Headlines for the world of Cryptocurrencies - July 13, 2019
- Iran Becoming The Bastion For Cryptocurrency Miners
- Coinbase Whales Buying Up BTC After $1500 Dump
- Binance’s $2.5 Billion BNB Token Burn
- State Of Brazil Releases Blockchain-Enhanced Government Bidding Platform
- Crypto Now VAT-FREE IN Georgia
