Mizuho & Hitachi: blockchain for supply chain management

Japanese Mizuho teams up with Hitachi in order to use blockchain for supply chain management
26 September 2017   1253

Japanese Mizuho Financial Group teams up with tech conglomerate Hitachi in order to use blockchain platform for supply chain management.

The release on mizuho-fg.co.jp 
The release on mizuho-fg.co.jp

The two companies have agreed to test a system built on technology from the open-source Hyperledger blockchain consortium to determine whether they can use an immutable ledger to record orders, invoices and otherwise collect data about company operations, as coindesk.com details. 

According to the companies, the ultimate goal is to develop a record of every transaction that can be accessible by anyone in the company, thereby streamlining the process needed to order an item. Thus, for now, Hitachi's process involves ordering an item, confirming the order, creating an invoice and approving the invoice. Hitachi intends to incorporate its Lumada Internet of Things platform into the test to aid its data collection efforts and continue to build commercial products.

It's also noteworthy, that it is not Mizuho's first time testing a blockchain platform for the use case, as the firm recently completed a trade finance trial with several organizations.

Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   113

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.