IN FOOD WE TRUST: Tech giant IBM's long awaited supply chain blockchain project is going live with a big backer: European supermarket chain Carrefour. The launch marks a big win for IBM and its drive to get blockchain tech adopted in the enterprise space. Having already secured support from retailer Walmart, Carrefour's backing opens up the food-focused supply chain solution to a wide network of stores: 12,000 in 33 countries, to be exact. Also joining IBM’s Food Trust are the cooperative Topco Associates, representing 15,000 stores; retailer-owned cooperative Wakefern, representing 50 member companies and 344 stores; as well as suppliers including Beefchain, Dennick Fruit Source and Smithfield. Ramesh Gopinath, IBM's vice president of blockchain solutions, expressed a desire to see the solution extend beyond that initial group. "I'd love it if IBM Food Trust was the only platform out there for this, but we are not that naive. If there's another one that is as good and as mature as Food Trust out there then absolutely we will be happy to do the interop," he told CoinDesk. Full Story ICOS...ON BITCOIN? The emergence of sidechains tied to the bitcoin network is creating a possible shift in how crypto startups get funded. While ethereum, the second largest blockchain by market cap, and other smart contract protocols, have been the choice for the majority of entrepreneurs interested in creating new crypto tokens, with a sidechain created by RSK, bitcoin will now have the ability to host the new fundraising mechanism as well. Scott Yoon, CEO of Temco, and Joey Cho, head of business development, both believe that bitcoin can attract more blockchain projects and ultimately have "the same function like ethereum." Cho predicts that while 40 percent of the required capital can be raised through the ICO, the rest will be coming from investors. According to Yoon, where RSK differs from ethereum is scalability, in that ethereum won't be able to sustain the creation of "real products" for mass adoption, he argued. Full Story STARTUP WATERING HOLE: Oasis Labs, which has significant backing from the likes of Andreessen Horowitz's crypto-focused fund, has launched a new startup accelerator. Announced Tuesday, the Oasis Startup Hub will focus on aiding firms building "privacy-first computing on blockchain" platforms, according to a press release. Accel, a16z crypto, Binance Labs, Pantera Capital and Polychain Capital will all provide support for the program. In a statement, CEO Dawn Song explained that, "we've seen strong interest in our private testnet from companies and developers who want to build scalable applications that protect user data and put privacy first – and are constrained by existing platforms." Full Story |