| | October 19th, 2016
“In every tool we create, an idea is embedded that goes beyond the function of the thing itself.” – Neil Postman, 'Amusing Ourselves to Death'
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A major retailer, a big tech company and a prominent university want to redesign food supply in China.
Walmart has been working with IBM and Beijing’s Tsinghua University to pilot a blockchain-based supply chain for the huge Chinese pork market. This is part of a larger push from Walmart and from the Chinese government to improve food safety through better tracking of origin, handling and shipping.
Aside from the ripple effect on the economy that supply chain efficiency and lower pork prices would bring, the retailer has an additional incentive. By selling produce with a transparently authenticated supply chain, Walmart hopes to earn a bigger slice of the (pork) pie. (Read the full story here.)
Wait, there's more:
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· State Street will be the administrator of the Winkelvoss ETF. More details.
· Bitcoin campaign donations? US FEC is thinking of changing the rules. What?
· Nasdaq talks about its blockchain work. Post-trade is key.
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