Of the 50 rare bottle of Scotch whisky tested by the Scottish Universities Environment Research Centre in 2018, 21 were fake or labeled as older than they really were.
Mastercard and GrainChain will jointly trace more than 24 different commodities across Latin and North America as part of the “Mastercard Provenance Solution” service. The system will use the payment processor’s own permissioned blockchain
Tracking and proving the provenance of everything from organic chickens and ethically produced diamonds to college degrees will be the top use of blockchain technology over the next decade, accounting for a nearly $1 trillion boost in global GDP, according to a new report from PwC.
Figure Technologies founder and CEO Mike Cagney said that its Provenance network was used to execute a bridge loan transaction between lender Pacific Private Money and asset management firm Saluda Grade in seconds, eliminating the need for intermediaries and reducing the cost, time, and friction involved.
