Trade Organization ICC Eyes Blockchain Adoption for Its 45 Million Members

Yogita Khatri | April 12, 2019

Trade Organization ICC Eyes Blockchain Adoption for Its 45 Million Members
The world’s biggest business organization is making blockchain technology available to its 45 million members, including Amazon, Coca Cola, Fedex, McDonald’s and PayPal. Announced Thursday, the 100-year-old International Chamber of Commerce (ICC) has partnered with Singapore-based blockchain startup Perlin to improve supply chain processes at member firms, making them more traceable and transparent. The ICC will help members spread across 130 countries to connect to Perlin’s blockchain platform and benefit from the application of the nascent technology. Perlin, now an official ICC technology partner, will offer free access to its blockchain platform during the early stages of the project, and will focus on “practical, efficient and scalable blockchain traceability and transparency systems for value chains,” as per the announcement. 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.”

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