A new blockchain-as-a-service platform launched in China

Chinese government-backed Research Institute has presented their blockchain-as-a-service platform for data storage and verification
27 March 2018   902

Nowadays everybody tries to move to blockchain it seems. And the Chinese are going even further with this notion. Recently China Banknote Blockchain Technology Research Institute has debuted the new system called Blockchain Registry Open Platform (BROP for short). It's a platform for identity and supply-chain tracking utilizing blockchain-as-a-service (BaaS) approach.

Of course, it's not the first BaaS platform ever developed, with several other companies having their own flavor of the same thing. But in the case of BROP the significant difference lies in the developer's official connections. The Research Institute is quite strongly tied to Chinese government and has a luxury of their backing on such projects.

The aim of the new platform is to build the environment for a trustworthy collaboration. It is achieved by establishing verifiable digital identities, storing trusted data on the blockchain and providing digital vouchers which would verify agreement rights on the blockchain.

It can be used to store data and provide track record for the changes made. Also developers have presented plans to utilize their project to make public services more optimized and transparent for the government and the users.

Cobalt & Lithium Supplies to be Tracked With DLT

The platform will be created by the Everledger together with Circulor using Hyperledger Fabric
26 March 2020   839

Everledger, a British startup, has partnered with Circulor to develop a platform based on the Hyperledger Fabric blockchain to track supply chains of cobalt and lithium.

Everledger specializes in using blockchain to combat counterfeiting of precious stones, in particular diamonds. The company’s management said it intends to expand its business using blockchain to control the supply of rare minerals used in the production of batteries.

Well-known carmaker Mercedes Benz is already using Circulor technology to track its supply of cobalt and its carbon footprint. Circulor and Everledger share a similar concept - with the help of the blockchain they control the observance of social and environmental standards in mining. Therefore, startups decided to develop a joint product.

Everledger co-founder Leanne Kemp and Circulor CEO Doug Johnson-Poensgen said their solution will work on the Hyperledger Fabric blockchain. The possibility of interacting with IBM is also being discussed.

Poensgen added that the platform will be used not only to track cobalt production in the Democratic Republic of Congo, but in different regions of the world. For example, lithium mining in the Atacama desert leads to water pollution, so the solution on the blockchain is aimed at preventing environmental disasters.