#MetaHash team is ready to present you the fresh release of our regular series #MetaNews! Check out the three most interesting news of the week:
Top 4 Agro firms collaborate to use Blockchain in grain trading
The story:
The world’s 4 largest agriculture companies, known as ABСD, have partnered to digitize international grain trading by using blockchain and artificial intelligence technologies.
Details:
Archer Daniels Midland Company, Bunge, Cargill and Louis Dreyfus are looking to both “standardize and digitize” global agricultural shipping transactions.
The four global agricultural leaders are first focused on technologies that can automate the after-trade processes of grain and oilseed exchanges, as these processes are currently manual and costly.
Why it is important:
An estimated 275 million emails are sent each year by commodities traders to transmit 11,000 shipments of grain across the ocean. The collaborators hope to shorten document-processing times, reduce wait times, and enhance visibility of contracts through “emerging digital technologies” such as blockchain and artificial intelligence.
Singapore: Major utility company launches Blockchain-based solar energy marketplace
The story:
SP Group, a major corporation providing electricity and gas transmission in Singapore, has launched a blockchain-powered renewable energy certificate (REC) marketplace.
Details:
The marketplace will support both local and international RECs. DBS Bank and three solar energy sellers — Cleantech Solar Asia, LYS Energy Solutions and Katoen Natie Singapore — are also joining the marketplace.
Why it is important:
SP Group plans to use blockchain to help the company increase transparency and efficiency. Samuel Tan, chief digital officer of the corporation, further explained: “Through blockchain technology, we enable companies to trade in renewable energy certificates conveniently, seamlessly and securely, helping them achieve greener business operations and meet their sustainability targets”.
US Cleaning Supplies Firm opens Blockchain rewards-based recycling centers in Indonesia
The story:
U.S. manufacturer of household cleaning supplies SC Johnson and environmental organization Plastic Bank will open several plastic recycling centers in Indonesia, offering locals tokens for waste collection.
Details:
With the help of Plastic Bank, SC Johnson will open eight plastic collection centers throughout Indonesia. The first one has officially opened in tourist mecca Bali on October 28, with other centers scheduled to be operational by May 2019.
Why it is important:
The companies believe that this Blockchain solution will not only help to combat the ocean pollution problem, but also could reduce the poverty level in Indonesia.
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