Traceability

During the COVID-19 pandemic, the necessity to boost supply chain becomes critical, as shipment delays, especially if it concerns medical equipment, might cost someone’s life. Probably that is the reason for some organizations thinking blockchain technology could be the saviour of the ageing global supply chain infrastructure.

On March 11, the Tokyo Metropolitan Police arrested two people in connection with the $580m hack on cryptocurrency exchange Coincheck. The police revealed that the two men were found in possession of NEM cryptocurrency linked to the cryptocurrency stolen from the exchange in 2018.

UK-based fashion brand, Sarah Regensburger, is looking to apply blockchain technology to improving supply chain traceability. The announcement was made on the LinkedIn social network on February 29.

Cases of food contamination, counterfeits and requests from consumers for more information on the origin of food are increasing the demand for solutions, both system and global, which can show all actors in the supply chain how to certify traceability and the processing of the processed, distributed and sold product.

In recent days, the Lombardy regional council approved an important resolution which commits it to take a series of initiatives to encourage the adoption of blockchain technology.

Blockchain, the main "enabling" technological revolution of recent years, is also changing the donation industry.

The Lombardy Regional Council has approved the Address Act on the planning of waste management and remediation in recent days. A plan that aims to overcome the very idea of rejection, instead espousing the logic of the circular economy.

The breadth and complexity of the coffee supply chain globally makes traceability a pretty difficult principle to guarantee. The path of the beans is long and articulated: once they grow up they first reach the cooperatives, then move on to the export, shipping and import companies, face the roasting process, and then be managed by distributors and retailers, before reaching the end consumer.

The use of Bitcoin and other cryptocurrencies is still difficult to control and requires scrupulous assessment for any reports to Italian authorities. For now, cryptocurrencies for transactions subject to traceability requirements can be used within the limits of cash. Let's give some light to the recent anti-money laundering (AML) regulations.