Food producer Nestlé and retailer Carrefour will equip the packaging of a French instant mashed potato product with a QR code that provides blockchain-based data about its origins to consumers. The pilot was developed in conjunction with IBM Food Trust.
Loui Vuitton owner LVMH will be launching a blockchain to track luxury goods in May or June. A full-time blockchain team has been working on the project for over a year in conjunction with ConsenSys and Microsoft Azure and the resulting platform is expected to cryptographically track products for LVMH's 60-plus brands before being adopted by competitors.
TRIBE Accelerator, a Singapore government-supported blockchain technology accelerator, has partnered with BMW Group Asia, Intel Corporation and Nielsen. The partnerships include a "global demonstration tour" and, in the case of BMW at least, mentoring sessions around incorporating blockchain solutions into mass market mobility applications.
With the "change the world" possibilities of decentralized computing taking longer to launch than many hoped, blockchain businesses are now pivoting to enterprise sales — framing the technology as a savior for fundamental business needs like optimized supply chains and healthcare transaction efficiency.
Six international banks have agreed to issue their own stablecoins through IBM Blockchain World Wire, the blockchain-based payments network built by IBM and Stellar. These banks include South Korea's Bank Busan, the Philippines' Rizal Commercial Banking Corporation and Brazil's Banco Bradesco. There are more than 44 banks now on the service.