Trade Organization International Chamber of Commerce (ICC) has recently revealed that it will make DLT available to its over 45 million members companies.
The Trade Organization which has business giants like Amazon, Coca Cola, FedEx, McDonald’s and PayPal as members, revealed that it has partnered with a Singapore-based blockchain startup— Perlin. The main goal of the partnership is to help with the improvement of supply chain processes for its member firms.
According to ICC, its member which cut across 130 countries will be connected to the Perlin’s blockchain platform so they can enjoy all the benefits associated with using the platform.
The announcement from ICC made it known that Perlin, is now an official ICC technology partner, and as a result of this, all members the trade organization now have free access to its blockchain platform during the early stages of the project. It was also stressed that Perlin will focus on “practical, efficient and scalable blockchain traceability and transparency systems for value chains,”
John Denton, secretary general of the ICC, said: “In collaboration with Perlin, which leads the field in blockchain and distributed ledger development, we can help facilitate practical and truly disruptive transformation for businesses across every conceivable industry sector.”
This is not Perlin’s first time working with major global firms. The blockchain startup reportedly worked with sustainable materials producer Asia Pacific Rayon (APR) on a pilot, called “Follow Our Fibre,”. As per the report, the purpose of the pilot was “to provide transparency to APR customers across the supply chain by allowing them to monitor key stages of production from planting to delivery.”
Furthermore, the firm confirmed that: “the pilot will provide “permanent data on a secure blockchain database” to help ensure that APR is in compliance with relevant regulatory and industry-based standards and certifications,”
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