Mediablocks Newsletter #6: Up to 20 Percent of Global Grocers to use Blockchain in the Future


Bi-weekly newsletter from Bloomen.io, an EU co-funded research project. Our website gives an overview and explains how Bloomen uses Blockchain for music, photo and TV.  Issue #6 • May 3, 2019 • View in Browser
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If you find this newsletter about Blockchain and Media useful, please forward it to colleagues. The link to subscribe is here: https://tinyletter.com/Bloomen 
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UPDATE

Simplification as Main Driver Behind Adoption of Blockchain

Better data can result in more trustability with regards to where materials have come from. Trust is often cited as something that is increasingly required in business. But the tonality seems to shift to a an even bigger motivation: Simplification.
  • Simplify trade: Blockchain technologies could help to track raw material, later used for industrial process or goods traded across the globe.
  • Less paperwork for customs or transportation: More trustability is surely positive and might even be a marketing argument in sales. But the main promise is that trade across multiple borders could be simplified. Think of paperwork and databases which could be transformed into a chain of information bits across each and every package traded, from origin to consumption.
  • Simplification could translate into more speed in shipping and subsequently more volume and more value.
Prediction: A recent analysis by Gartner, the US research company, predicts that 20 percent of the largest global grocers will start to use blockchain technology to manage their sourcing and supply process. Gartner

Example: Grainchain which is focused on brokerage of contracts for bulk dry goods, such as wheat, soybeans, is one example is one platform focusing on this particular field. The company has recently announced to now work with regions in Mexico, the goal is to help farmers and others involved in the process. TechCrunch 
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PROJECT

Focus on Smart Contracts

Speaking for the Bloomen photo use case there is now a focus on how to implement smart contracts. We anticipate a partially complex set of parameters, which would be selectable for contracts with creators. To get closer to a model and subsequent demos we are currently exploring best practices for smart contracts. Further we explore how to implement such a rules based system into a Blockchain platform.
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KNOW-HOW

European Blockchain Status

CoinReport has a series of  articles, listing how some of the European countries are using/opening up to Blockchain technologies. This overview provides the current status regarding the sentiment towards Blockchain for a number of countries, such as Denmark, France and some others. It is somewhat surprising that Spain is not listed here, given the advanced activity with Alastria as a national Blockchain platform for the country.

Some previously published overviews regarding European Blockchain activities:

Guidelines to Regulate Blockchain

The “Information Technology & Innovation Foundation” (ITIF), a research institute based in Washington D.C., has released a set of recommendations how governments could regulate Blockchain. One suggested action is to let public sector institutions test Blockchain technologies and related elements, in order to speed up development and adoption. The paper is freely available. It sums up development so far and then provides a series of suggested actions. ITIF
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Thanks for your time and interest in this. If you want to be in touch, please sent an e-mail to info@bloomen.io

Photo by Daniel Chekalov on Unsplash

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