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Blockchain Supply Market

Blockchain Supply Market to Grow to $9 Billion

Blockchain supply is poised to become a multi-billion dollar market. A study by market research firm Allied Markey Research indicates the size of the market could reach highs of $9 billion by 2025, representing an 80% growth from 2018 levels.

Key Growth Drivers

Blockchain is the underlying technology that powers an array of decentralized digital assets, key among them being Bitcoin and other cryptocurrencies. Increased usage of the technology to enhance transparency and improved security in supply chains is one of the catalysts fuelling the blockchain supply market.

The retail sector, which is in dire need of supply chain solutions that are able to ensure efficiency as well as increased security levels, will be the biggest contributor to the total market size. Healthcare is another sector in dire need of supply chain solutions that ensure high levels of security, poised to have a significant impact on the market size.

Manufacturing, food, and beverage industries also remain well positioned to be one of the biggest contributors to the blockchain supply market. The aerospace and automotive sectors also continue to absorb a good amount of blockchain solutions with the blockchain market poised to hit highs of $20 billion by 2029.

>> Altcoins Join the Bitcoin Rally: Ethereum, Litecoin, Ripple

 Growth By Region

Allied Markey Research has also pointed out that North America remains the most advanced market when it comes to blockchain infrastructure and technology adoption. However, the Asia Pacific region is not lagging far behind as it continues to register one of the highest growth rates at 90.4% in the blockchain supply market.

Spending in blockchain innovations, as well as research and development, is poised to hit highs of $2.9 billion by the end of the year. Most of the spending will go towards manufacturing and distribution services at $653 million and $642 million respectively.

Increased spending on the blockchain does not come as a surprise. The technology has so far proved to be reliable in enhancing security when it comes to transfer and storage of data in addition to ensuring high levels of privacy given the decentralization aspect.

Featured image: DepositPhotos © nils.ackermann.gmail.com

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IBM Shipping Blockchain

IBM Shipping Blockchain Grows with Two More Carriers on Board

Announced today, IBM’s shipping blockchain, TradeLens, has signed up two more major shipping carriers. The tech giant owns the platform with container giant Maersk.

IBM Shipping Blockchain

Now, the company has added Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) to the network. Both are leading shipping carriers–ranked fifth and sixth in terms of size, respectively.

Last month, TradeLens signed up global carriers CMA CGM and MSC.

IBM’s shipping blockchain was first launched in 2018 and, at the time, had only one other shipping carrier: Asia’s Pacific International Lines (PIL), along with Maersk and its subsidiary Hamburg Süd listed. The blockchain is built on the Hyperledger Fabric blockchain foundation.

Gaining Traction

In its first year, it struggled to list other carriers. According to sources, the competition was put off by the fact that TradeLens was owned by IBM and Maersk. However, now TradeLens has 15 container giants on board including ZIM, KMTC, Safmarine, Sealand, Seaboard Marine, Namsung, Boluda, and APL.

It seems that the latest to join, Hapag-Lloyd, believes IBM’s shipping blockchain offers “a much-needed transformation in the industry, including its partnership model.”

>> This UK Financial Regulator Has a Problem with Facebook’s Libra Coin

TradeLens

There is competition out there to IBM and Maersk’s blockchain that may have initially swayed its fleet away from TradeLens. One example is a shipping blockchain pilot run by Accenture. This project initially included Singapore-based shipping carrier APL and giant Kuehne + Nagel. However, the former along with its parent company, CMA CGM, has since chosen to join TradeLens.

Todd Scott of IBM detailed this further in an interview with CoinDesk:

“There were some other projects that I think that some of the carriers had engaged in that may not have produced the same kind of results [as TradeLens]. So I think that may have played a role as well.”

IBM has another major supply chain distributed ledger, the Walmart-backed Food Trust, which is also live.

Featured Image: DepositPhotos © ilfede

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uBUCK and Datable Incorporate Streambucks into Strategic Commercial Relationship uBUCK and Datable Incorporate Streambucks into Strategic Commercial Relationship

VANCOUVER, British Columbia, June 26, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B)(OTC:LLNKF), a leader in digital logistics and payment solutions, is pleased to provide an update on a strategic commercial relationship (dated May 5, 2019) between its wholly owned subsidiary uBUCK Technologies SEZC (“uBUCK”) and Datable Technology Corp. (TSXV:DAC) (OTC:TTMZF) (“Datable”).

Under the terms of the letter of intent (the “LOI”) with Datable, uBUCK will integrate Datable’s loyalty and reward program PLATFORM³ into uBUCK’s digital payments platform.  This new integration into uBUCK will allow uBUCK Pay account holders to earn rewards for purchases and payments made within the uBUCK Pay digital wallet or on their uBUCK Mastercard.  With this new feature, uBUCK users will be able to make online payments, send worldwide free payment transfers, and now earn real rewards simply for using uBUCK.

In addition to the strategic relationship set out in the LOI, Datable and uBUCK will cooperate to develop digital payments and loyalty solutions for the eSports industry by integrating uBUCK’s Streambucks digital payments solution with PLATFORM³.  uBUCK and Datable will share transaction fee revenue from the convenience fees charged for uBUCK pin vouchers and debit card transactions.

“We are very excited to integrate Streambucks with Datable’s PLATFORM³ to offer rewards to gamers and fans across the eSports industry, which is now bigger than Hollywood,” said uBUCK CEO James Youn.  “Datable has continued to sign-up well-known brands and proven itself as the number one rewards program on the market. We look forward to being part of their cash card offering and gaining new client referrals through our partnership.”

The terms of the LOI also stipulate that the uBUCK prepaid credit card will be featured as a reward for consumers to purchase with their points on Datable’s client portals.

About uBUCK Technologies SEZC

Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in decentralized digital payments and wallets. uBUCK Pay and Streambucks are P2P payment platforms offering consumers, businesses and merchants a fast, commission-free and highly secure alternative to traditional payment methods. uBUCK and Streambucks are stable utility tokens that are backed by the U.S. dollar via pin voucher purchases within the uBUCK Pay app or at participating resellers. Customers may load a uBUCK debit card and make online and offline purchases and send payments around the world for free.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B)(OTC:LLNKF)is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries.  Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. uBUCK Pay is a multi-currency digital wallet that supports traditional fiat and digital currencies.  Consumers are able to make online and offline purchases using the uBUCK debit card and send funds worldwide for free. 

About Datable Technology Corp.

DTC has developed a proprietary, mobile-based consumer marketing platform – PLATFORM³ – that is sold to global Consumer Packaged Goods (CPG) companies and consumer brands. PLATFORM³ is delivered as a subscription service (Software as a Service model) and used by CPG companies to engage consumers, reward purchases and collect valuable consumer data. PLATFORM³ incorporates Artificial Intelligence and Machine Learning to monetize the consumer data, including demographics and purchasing behavior, by sending consumers targeted offers by email and text messages. For more information, visit datablecorp.com.

Forward-Looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements.  LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations. 

Please See Disclaimer

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uBUCK and Datable Incorporate Streambucks into Strategic Commercial Relationship

VANCOUVER, British Columbia, June 26, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B)(OTC:LLNKF), a leader in digital logistics and payment solutions, is pleased to provide an update on a strategic commercial relationship (dated May 5, 2019) between its wholly owned subsidiary uBUCK Technologies SEZC (“uBUCK”) and Datable Technology Corp. (TSXV:DAC) (OTC:TTMZF) (“Datable”).

Under the terms of the letter of intent (the “LOI”) with Datable, uBUCK will integrate Datable’s loyalty and reward program PLATFORM³ into uBUCK’s digital payments platform.  This new integration into uBUCK will allow uBUCK Pay account holders to earn rewards for purchases and payments made within the uBUCK Pay digital wallet or on their uBUCK Mastercard.  With this new feature, uBUCK users will be able to make online payments, send worldwide free payment transfers, and now earn real rewards simply for using uBUCK.

In addition to the strategic relationship set out in the LOI, Datable and uBUCK will cooperate to develop digital payments and loyalty solutions for the eSports industry by integrating uBUCK’s Streambucks digital payments solution with PLATFORM³.  uBUCK and Datable will share transaction fee revenue from the convenience fees charged for uBUCK pin vouchers and debit card transactions.

“We are very excited to integrate Streambucks with Datable’s PLATFORM³ to offer rewards to gamers and fans across the eSports industry, which is now bigger than Hollywood,” said uBUCK CEO James Youn.  “Datable has continued to sign-up well-known brands and proven itself as the number one rewards program on the market. We look forward to being part of their cash card offering and gaining new client referrals through our partnership.”

The terms of the LOI also stipulate that the uBUCK prepaid credit card will be featured as a reward for consumers to purchase with their points on Datable’s client portals.

About uBUCK Technologies SEZC

Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in decentralized digital payments and wallets. uBUCK Pay and Streambucks are P2P payment platforms offering consumers, businesses and merchants a fast, commission-free and highly secure alternative to traditional payment methods. uBUCK and Streambucks are stable utility tokens that are backed by the U.S. dollar via pin voucher purchases within the uBUCK Pay app or at participating resellers. Customers may load a uBUCK debit card and make online and offline purchases and send payments around the world for free.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B)(OTC:LLNKF)is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries.  Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. uBUCK Pay is a multi-currency digital wallet that supports traditional fiat and digital currencies.  Consumers are able to make online and offline purchases using the uBUCK debit card and send funds worldwide for free. 

About Datable Technology Corp.

DTC has developed a proprietary, mobile-based consumer marketing platform – PLATFORM³ – that is sold to global Consumer Packaged Goods (CPG) companies and consumer brands. PLATFORM³ is delivered as a subscription service (Software as a Service model) and used by CPG companies to engage consumers, reward purchases and collect valuable consumer data. PLATFORM³ incorporates Artificial Intelligence and Machine Learning to monetize the consumer data, including demographics and purchasing behavior, by sending consumers targeted offers by email and text messages. For more information, visit datablecorp.com.

Forward-Looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements.  LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations. 

Please See Disclaimer

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Walmart China

Walmart China Launches Blockchain Platform to Aid with Food Safety Scandals

As with cryptocurrencies, several companies are moving into the blockchain space. The latest, however, is Walmart China, which is the Chinese branch of the US supermarket chain.

Here’s what we know.

Walmart China Blockchain Platform: What We Know

On June 25, Walmart China said it’s launched a blockchain platform that will address food safety concerns. According to the press release, the company will be working with PwC, VeChain, and other blockchain players on the ‘Walmart China Blockchain Traceability Platform.’

While the announcement came out today, the Walmart China blockchain platform has already seen some successes. In fact, it boasts 23 product lines listed and tested, according to the press release. Plus, by the end of 2020, Walmart China hopes to see the meat products that are being tracked on the platform accounting for roughly 50% of its total sales in that division.

Speaking on the news, Elton Yeung, innovation lead at PwC Mainland China and Hong Kong, said:

“We believe that Walmart’s Blockchain Traceability System will be an excellent example of blockchain technology applied in the retail industry, helping to improve food safety and quality management, and providing a strong guarantee for building consumer trust.”

>> Ethereum (ETH) Eyes Further Gains as Liquidity Increases

In the past, Walmart has utilized blockchain technologies. However, this one is different; there’s something interesting about it. Maybe it’s because it has to do with solving China’s issues with food safety. Or maybe, because the Walmart China products will be tracked via VeChain’s blockchain, it’s because the company is using a public blockchain.

Either way, the partnership between Walmart China and VeChain, as well as PwC, is a good thing. Why? Because it means solutions will be provided that will help promote the traceability of fresh food, something China has had trouble with recently.

Takeaway

What do you think of Walmart China launching a blockchain platform? Let us know your thoughts in the comments below!

Featured image: PixaBay

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