EY Japan To Use Blockchain To Fight Counterfiting of Japanese Sake and Fruits

EY Japan, the Japanese branch of global accountancy firm Ernst & Young, has announced plans to launch a blockchain system for tracking Japanese sake and fruit and preventing the sale of fraudulent or counterfeit products. According to Asian Nikkei Review, EY Japan’s SAKE Blockchain will be rolled out across Asia once the threat of the…

KPMG, Microsoft and R3 Develop Blockchain For Telecoms Settlement

KPMG, a multinational accounting firm, is partnering with software firms TOMIA, Microsoft, and R3 to develop a blockchain for telecom settlements. One of the “big four” accounting firms, KPMG has pursued industry-specific blockchain pilots in the past, always with an eye to settling cross-border, or network, complexities. The latest partnership, with two distributed ledger (DLT)…

The 4 Weakest Links in a Blockchain

In late 2018, the CDC issued a warning about E. coli outbreaks from romaine lettuce resulting in a massive recall. Blockchain made its way into the headlines, with several experts touting it as a silver bullet for the capability to trace and link an item at the retail shelf all the way to the source…