Global Charity Oxfam Launches Blockchain Project to Empower Cambodian Rice Farmers

Twitter Facebook LinkedIn Global charity organization Oxfam has launched a blockchain technology platform aimed at enhancing the transparency and traceability of the rice supply chain in Cambodia. Known as BlocRice, the app uses distributed ledger technology to implement smart contracts where details such as the farm gate price of organic rice, trade volume and method of transportation are recorded, according to the Khmer Times. The project which will initially work with 50 rice farmers in Cambodia’s Preah Vihear province during the first year is expected to boost the bargaining power…

Post-Trade Financial Services Giant, 15 Major Banks Test DLT Project for Credit Derivatives

Global post-trade market infrastructure giant The Depository Trust & Clearing Corporation (DTCC) is entering the testing phase of its replatformed Trade Information Warehouse (TIW) based on distributed ledger technology (DLT), according to a press release published Nov. 6. DTCC’s warehouse provides event processing services for around 98 percent of all credit derivatives transactions in the global marketplace. The infrastructure provider is now reportedly working with fifteen of the world’s leading banks to test its new DLT-based restructuring of the warehouse. While participant banks in DTCC’s 2016 proof-of-concept (PoC) included Bank…

15 Banks Join DTCC Post-Trade Blockchain as Project Enters Testing

The Depository Trust & Clearing Corporation (DTCC) has advanced its main blockchain project to a testing phase with 15 global banks, one of the last steps before taking the tech live.  Announced today, U.K.-based Barclays is among the global banks participating in the test, while the other 14 were not named. Together they will be kicking the tires of DTCC’s distributed ledger and cloud-based platform for its credit derivatives Trade Information Warehouse (TIW). Upon successful completion, DTCC expects to move to an “open” testing phase by the end of the year,…

PwC Is Advising (Not Auditing) Another Stablecoin Project

The Hong Kong division of global accounting and consulting firm PwC is exploring the best practices for issuing stablecoins, as part of an initiative with the non-profit Loopring Foundation. Announced Tuesday, PwC Hong Kong’s Asia-focused study on stablecoins follows a PwC partnership in the U.S. to advise decentralized lending platform Cred, which is working on a U.S. dollar-tied coin. Stablecoins or one sort or another are suddenly all the rage, with the likes of Circle issuing its dollar-backed USDC on exchange giant Coinbase, and even big players like IBM getting in on…