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Blockchain has continued to make its way into the B2B realm as a way to help increase transparency and supply chain efficiency.
To this end, in South Korea, a number of government ministries are examining the blockchain, observing the potential boost that distributed log technology can give to marine logistics.
As reported by Coindesk on Tuesday (December 18), ministries include the Ministry of Science, ICT and Future Planning and the Ministry of Oceans and Fisheries. The two departments have launched a joint blockchain project, presided over during the summer, which is oriented towards shipping containers and explicitly to improve transparency between the parties. Transparency is linked to the sharing of data on imports and exports in real time.
The process will be conducted in the southern port of Busan for the next year and will be extended to other locations in the country. The government is investing $ 9 million in a series of blockchain initiatives that, in addition to those mentioned above, focus on the port, include customs clearance, cross-border electronic documentation and management of the livestock supply chain.
As reported, the Korean Bar Association has urged the government to implement blockchain regulations. Coindesk reported that the doubling of blockchain pilots could be seen in the public sector for next year, and there may be three private national blockchain projects in sight.
Separately, a report by New Zealand's innovation agency, Callaghan Innovation, said there may be growth in the country's major export if companies exploit the blockchain. CCN reports that the agency noted that the country employs 100,000 people and generates up to $ 16 billion New Zealand dollars each year in revenue terms. The blockchain sector can increase results in supply chains among other sectors, the report said – but companies focused on blockchain must have access to banking services.
Therefore, regulators must cooperate with the banking sector, according to the report, which noted "The Reserve Bank [of New Zealand] and the Financial Markets Authority could consider producing guidelines to support an appropriate level of review to the risk exposure of individual blockchain companies, avoid global de-risking and ensure that the costs of compliance are not burdensome. "
In terms of individual company news, as reported by CNBC, McKesson's Change Healthcare has announced the acquisition of PokitDok, which has a blockchain presence in the healthcare sector.
The site noted that Change could announce an agreement later in the week. The startup helps other companies to access the APIs that in turn work with the healthcare companies and their systems. For example, this synchronization works between billing activities. PokitDok has agreements with companies like Amazon and Intel, as announced last year, trying to scale these services.
The details of the acquisition have not been announced, but as reported by Health Data Management, the integration of the PokitDok API will help with the new features in digital health initiatives. The site cites Kris Joshi, executive vice president and president of network solutions for Change, stating that "as a leader in health care blockchain and with one of the largest open API marketplaces available, with PokitDok we are bringing together synergistic assets and technical expertise to provide additional functionality to our customers and accelerated value to the digital health markets. "The change is 70 percent owned by McKesson.
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