The startup intends on utilizing the funding and the expertise of the new partners, which include Tencent, Fidelity and Rakuten, to bring more visibility to its business.
While several solutions have been developed in the past, they all fade in comparison to the efficiency that blockchain traceability has introduced.
The report revealed that the sector will be propelled by the rising adoption of blockchain technology in retail as well as increased venture capital funding for the industry.
Security is still at risk with IoT devices and a new device is coming to market that could not only mitigate those risks, but could increase the prevalence of blockchain technology in households across the globe.
The European Union’s blockchain observatory has released a report hailing blockchain, artificial intelligence and the Internet of Things as the future.
The Global Blockchain Forum will be holding its second event on October 4-5, 2018 in San Francisco, focusing on industry “movers and shakers.”
The Kerala Development and Innovation Strategic Council (K-DISC), will use the technology to manage the purchase and distribution of a number of goods, including fish, vegetables and milk, among others.