Blockchain, the technology that powers cryptocurreny bitcoin, will soon be helping food and drink companies to improve their ability to track and trace products throughout the supply chain.
Swiss bank UBS has been trying to get its digital cash concept off the ground for a while and now it has the backing to do so.
There is an increasing number of companies using blockchain to see how it can cut costs and speed up transactions.
London-based startup Blockchain has raised $40m in funding, the largest amount for a fintech company in the UK since last year.
Banks and financial services are mad for blockchain (though they have yet to decide what to actually use it for) and they’re prepared to splash out when it comes to attracting talent.
Ukraine is partnering with the global technology company Bitfury to store its government data on the blockchain.
The application of blockchain to energy systems remains speculative but it fits well with the expected evolution of the entire industry — a shift away from centralisation and one-way flows towards more decentralised and transactional management.
There is a wave of disruption overtaking the financial world.