The Commonwealth Bank of Australia (CBA) has announced that it has successfully shipped 17 tons of almonds from Sunraysia to Hamburg, Germany using a newly-developed blockchain platform. This live trial has demonstrated the usefulness of blockchain technology in international supply chains by tracking the almonds every step of the way from packing in Australia to delivery in Germany.
The managing director of Industrial and Logistics at CBA, Chris Scougall, says, “Our blockchain-enabled global trade platform experiment brought to life the idea of a modern global supply chain that is agile, efficient and transparent. We believe that blockchain can help our partners reduce the burden of administration on their businesses and enable them to deliver best-in-class services to their customers.”
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