Tesla Set to Incorporate Blockchain Technology in Its Supply Chain to Facilitate Import Process

2020-4-8 14:04

Coinspeaker
Tesla Set to Incorporate Blockchain Technology in Its Supply Chain to Facilitate Import Process

Tesla Inc (NASDAQ: TSLA), one of America’s largest public companies, has moved a notch higher after it was announced that the company is set to incorporate blockchain technology in its chain of supply. The news was revealed on Tuesday by a blockchain logistics provider CargoSmart.

According to the company, Tesla has been testing the feasibility application of blockchain technology at the Shanghai International Port Group. In the trials, the app reduced the cargo release time, which made it easier for Tesla to take ownership of the goods as soon as they are offloaded.

The pilot scheme was conducted in the last month of the last quarter, 2019. A time when Tesla was moving fast to deliver units due to increased demand in the Asian region.

Tesla and Blockchain Tech

In the application, Tesla shared relevant shipping documents with all the involved parties. As a result, there was no need for a manual countercheck of the goods once they arrived at the port.

CargoSmart said that “the blockchain technology will accelerate Tesla’s cargo pick up procedures on a trusted and secure platform”.

The head of COSCO logistics division Wu Yu stated:

“Showcased significant efficiency gains not only in the cargo release process but also for downstream supply chain planning by presenting a single source of truth for documentation for all involved parties.”

Occasionally the cargo release time is delayed or even largely disruptive if a waybill is lost. This is because the authorities at the port cannot hand over the goods without the documents on all parties corresponding.

Way forward, since the pilot trial was successful, CargoSmart said it is now working at venturing other Asian ports. Some of the ports will include Laem Chabang, Thailand, Qingdao, China.

Besides that, the company is also looking forward to creating a consortium that is owned by the shipping operators.

In the announcement, it was not made clear which blockchain that the application is developed, but my guess would give Ethereum a higher chance. This is because it has specialized in smart contracts and Dapps since its inception.

However, don’t be surprised to see Tesla working on its blockchain technology. It is a huge company with engineers and developers capable of delivering one stable network.

This announcement will be very good for Tesla (TSLA) stock which is at the time of writing struggling to rise above the current $550 hurdle. The company will now be in a position to efficiently schedule its units’ delivery without surprises along the way.

Tesla Set to Incorporate Blockchain Technology in Its Supply Chain to Facilitate Import Process

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0.0100291 (+7.61%)
Объем 24H $25.057k
Изменеия 24h: 5.20 %, 7d: 30.40 %
Cегодня L: $0.0090557 - H: $0.0100291
Капитализация $732.823k Rank 1812
Цена в час новости $ 0.0903415 (-88.9%)

supply chain technology set incorporate blockchain tesla

Источник: coinspeaker.com

supply chain → Результатов: 126


Фото:

California Giant Berry Farms Deploys Blockchain for Increased Supply Chain Transparency

Leading California-based fresh produce firm – California Giant Berry Farms – is using the Glasschain blockchain platform to track the movement of its berries along the supply chain. Notably, California Giant is also blockchain compliant with the IBM Food Trust allowing all points of the firm’s berry supply chain to access data at all times,Read MoreRead More.

2020-5-19 13:07


Фото:

Accenture, Mastercard, Amazon Web Services Partner for Farming and Supply Chain Sustainability

Accenture, a global professional services company in collaboration with Mastercard, Everledger, Amazon Web Services, and Mercy Corps has introduced a “circular supply chain capability” to enable consumers to reward small scale producers and bring about transparency along the supply chain, reports Newsroom on on February 25.

2019-2-28 17:00


TheraCann ETCH Biotrace Technology Launches For Blockchain Cannabis Tracing And Tagging

TheraCann International Benchmark Corporation in conjunction with Applied DNA Sciences, Inc. have announced the launch of their breakthrough ETCH biotrace™ technology. TheraCann is a leading full service international cannabis business and “seed to sale” technology firm while Applied DNA Sciences is the leader in molecular technologies for supply chain transparency. The molecular “tag and trace” […]

2018-8-3 00:44


Фото:

Commonwealth Bank Boasting Blockchain-Enabled Global Trade Platform

In-house blockchain technology solutions continued to permeate supply chains as Australia’s Commonwealth Banks has successfully conducted a high-profile shipping experiment. ‘Agile, Efficient and Transparent’ Australia’s Commonwealth Bank has successfully shipped and tracked seventeen tonnes of almonds in a blockchain-based collaboration with five domestic and international supply chain leaders.

2018-8-1 01:00


Фото:

An Australian Blockchain Experiment: Tracking Global Almond Shipments

Following a successful 2016 trial of blockchain technology in an interbank open account transaction, the Commonwealth Bank of Australia (CBA) has partnered with five international and Australian companies to ship 17 tonnes of almonds from Melbourne, Australia, to Hamburg, Germany, using a new distributed ledger platform built on the Ethereum blockchain.

2018-7-31 23:13


Blockchain Technology and IoT to Manage Supply Chains and Animal Welfare Conditions in Australia

According to the Australian Broadcasting Network (ABC), John Baird, entrepreneur and former CSIRO experimental scientist and chairman of the cybersecurity advisory council, is looking to combine blockchain technology and internet of things (IoT) technology to track the food supply chain from paddock to plate.

2018-7-31 22:03


Commonwealth Bank Of Australia Records Amazing Blockchain Success

A new global trade experiment with blockchain technology has been marked successful by the Commonwealth Bank of Australia, according to a press release on Monday. In a bid to enhance multiple aspects of the supply chain process, the bank combined cutting-edge solutions such as distributed ledger technology(DLT), Internet of Things (IoT), and smart contracts into […] The post Commonwealth Bank Of Australia Records Amazing Blockchain Success appeared first on ZyCrypto.

2018-7-31 20:10


Фото:

17 Tons of Almonds are about to ship to Europe with Blockchain by Commonwealth Bank of Australia

The Commonwealth Bank of Australia (CBA) has announced the completion of a successful trade using its new blockchain platform, according to its July 30 press release. In a collaborative effort involving five domestic and international “supply chain leaders,” the bank used blockchain to track a shipment of 17 tons of almonds from Melbourne to Hamburg,

2018-7-30 16:34


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place.

2018-7-21 23:03


‘Sledgehammer’ singer Peter Gabriel invests in crypto company, Proverance

On 18th July, British startup Provenance received additional funds from legendary musician Peter Gabriel, the lead for the band Genesis. Provenance is a blockchain technology company which is based on the supply chain industry, the company also received funds from Working Capital Fund, Digital Currency Group, Merian Ventures, and Plug and Play. Jesse Baker, the […]

2018-7-21 07:25


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru