By Perlin, a Singaporean blockchain startup is currently aiding the world’s largest business conglomerate, the International Chamber of Commerce (ICC) implement the innovative technology, the company confirmed in a press release on April 12.
The blockchain startup, which is already involved in a number of blockchain pilots for a variety of major companies, including Asia Pacific Rayon, will now have access to the ICC’s members as the organization attempts to bring groundbreaking technologies to the forefront.
The ICC is a hundred years old and boasts a whopping 45 million businesses under its wing, including Amazing, Coca-Cola, McDonald’s, FedEx and even PayPal.
John Denton AO, Secretary General of the ICC stated:
“In collaboration with Perlin, […] we can help facilitate practical and truly disruptive transformation for businesses across every conceivable industry sector.”
This new partnership will take on a number of forms, but the main focus will be on value chain traceability IE the tracking of goods through all stages, from production to delivery.
This area has already seen notable uptake from the blockchain sector, with many new solutions aiming to improve the provenance of entire supply chains, from the precious metals sector to Walmart’s food tracking, oil & gas and much more.
The nation of Singapore also stands to benefit from this, with both the ICC and Perlin making solemn pledges to advance regional projects in order to improve the nation’s status as a blossoming hub for innovative technologies.
The country continues to cement itself as a blockchain-savvy and friendly jurisdiction. Singapore’s Central Bank also has plans set in motion to roll out its Project Ubin initiative among others as of 2020.
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