HS2 implements blockchain technology into its supply chain

High Speed Train

HS2, the controversial high speed railway being developed from London to Manchester, has begun to implement blockchain in parts of its procurement pipeline.

Major construction companies Costain, Skanska and Strabag took part in the trial, with oversight being provided by professional services firm Deloitte.

Deloitte’s blockchain lead, Alexander Marx, spoke at New Civil Engineer’s TechFest on December 2 about the benefits this will bring.

Explaining the...

Michael Jackson, Concordium: Bringing blockchain to traditional finance

Michael Jackson

“We’re trying to shoehorn permissionless technology into extremely permissioned environments,” reveals Michael Jackson, advisor to Concordium and former COO of Skype.

Jackson’s take is a breath of fresh air in a blockchain industry that has become bogged down in use cases that are struggling to find their feet. For years, the ideas of supply chain ledger technologies and pharmaceutical blockchains have sat stagnant in the water waiting to be realised.

As the...

Circulor clinches £9.9m investment to boost sustainable supply chain traceability

Chain links.

Circulor, a provider of supply chain traceability and dynamic CO2 tracking, has closed $14m (£9.92) in Series A funding to accelerate its rapid growth. 

The Westly Group led the round with participation from Salesforce Ventures, BHP Ventures, Future Positive Capital, 24Haymarket and Sky Ocean Ventures. Existing investors in the company include Boeing HorizonX, Volvo Cars Technology Fund, Jaguar Land Rover's CVC arm, InMotion Ventures, SYSTEMIQ, Plug and Play and...

Volvo doubles down on blockchain play with Circulor investment

Volvo has announced an investment in Circulor, a blockchain technology provider, as the company looks to further its ambitions in the sector.

The investment in Circulor is focused on providing greater traceability for cobalt in Volvo's supply chain, with Volvo Cars Tech Fund, the venture capital arm of the automotive manufacturer, contributing alongside SYSTEMIQ, Total Carbon Neutrality Ventures and Plug & Play.

Cobalt is used significantly in lithium ion batteries,...

BMW looks to blockchain for supply chain transparency

BMW Group is continuing to use blockchain technology to trace and track components and raw materials multi-stage international supply chains. According to Andreas Wendt, member of the board of management of BMW, who’s responsible for purchasing and supplier networks, the automaker successfully conducted a pilot in 2019 to purchase front lights and in 2020 it is expanding the project to a large number of other suppliers.

Apart from implementing blockchain solutions, PartChain...