Blockchain to put Milk and Fish Supply in Kerala, India

The authorities of Kerala (a state in South India) are turning to blockchain tech in order to provide the supply chain process of everyday groceries
18 June 2018   323

This new project is to streamline the supply chain networks - including distribution - of milk, vegetables, and fish in the state using blockchain technology. The Kerala Development and Innovation Strategic Council (K-DISC) will spearhead the project that will involve RFID tags and the use of Internet of Things (IoT) devices to monitor transportation. K-DISC chairman K M Abraham claimed that blockchain will monitor production, procurement, and distribution of milk to provide speedy delivery to millions of people on a daily basis. The transportation of milk within specific temperatures in refrigerated trucks will also be displayed through RFID tags and IoT equipment.

Every single element of the network will have a particular ID that will be recorded on the blockchain, making able real-time monitoring of the quality of the product at its source at every step of the chain. Fish-landing spots and farmlands will be connected using geo-coded images, enabling real-time demonstration and verification of goods at every single step of the delivery process from warehouses and retail centers via their point-of-sale locations of the client.

The government of Kerala is also thinking about the use of blockchain tech for its crop insurance scheme provided to farmers. Working further, the authority explained blockchain technology will assist ascertain if crop losses were actually due to natural causes and will help negate disputes between insurance providers and farmers, alongside eliminating the need for intermediary altogether.

Kerala`s capital city of Thiruvananthapuram is already home to a blockchain ‘academy’ wherein students are taught on blockchain solutions with a special focus on the banking and healthcare sectors.

Ex S&P President to Invest in iComply Startup

The startup is aimed at developing tools and services to meet the regulative standards for blockchain start-ups
14 August 2018   121

Startup iComply, working in the field of regulatory technologies and compliance with standards, has just completed the initial round of financing, which was headed by former Standard & Poor CEO Deven Sharma, CoinDesk reports.

IComply, aimed at developing tools and services to meet the regulative standards for blockchain start-ups (especially for those that conduct ICO), said on Monday that it attracted a seven-figure sum during this invest-round, but did not say the exact figure. The round was also attended by DMG Blockchain and Block X Capital.

In addition, iComply reported that it was joined by former employee of the Commodity Futures Trading Commission (CFTC) Jeff Bandman, former Managing Director of NASDAQ and the Financial Services Industry Regulation Service (FINRA) Manny Alikandro, MIT Connection Science program member, Praveen Mandal and Prosecutor Thomas Linder.

According to Sharma, he decided to invest in the startup iComply, because the project "is focused on services for ICOs related to risks and compliance with standards." Compliance with the standards, he said, will ensure the transparency of ICO issuers and thereby help to ease the concerns of regulators.

Sharma also believes that iComply can contribute to the spread of crypto technologies, helping the entry of traditional financial services into this industry.

My interest is to see iComply evolve into a benchmark that investors can use to assess credibility of issuers, sustainability of underlying services and the price of ICOs. iComply's patent-pending software enables both security and utility tokens to monitor and document compliance, governance and risk procedures, before a public blockchain executes an immutable trade, providing trust, integrity and transparency for our clients. There have been a few ICOs that had a fundamentally robust offering that I understood and did interest me [but I] missed the opportunity. Others that have transparency from a service like iComply, I would [invest in].

Deven Sharma

Ex-president, Standarts & Poors

It is the ideas of transparency and trust, according to Sharma, that sparked his interest in order to start working with the blockbuster.