HSBC successfully executes steel industry’s first blockchain trade finance deal between UAE and India

HSBC has successfully executed a blockchain-enabled, live trade finance transaction between the UAE’s Universal Tubes & Plastic Industries Ltd. and India’s Tata Steel Ltd. – a global first for the steel industry. The Contour blockchain platform enabled end-to-end digitisation of the documentation required for Universal Tubes to import its order of flat carbon steel to […]

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UNDP India’s Accelerator Lab will help Spices Board of India develop a blockchain-powered system for traceability interface

UNDP India’s Accelerator Lab has signed an agreement with the Spices Board India to build a blockchain-based traceability interface for Indian spices to enhance transparency in trading. Under this Memorandum of Understanding, UNDP and Spices Board India are working towards integrating the Blockchain Traceability Interface with e-Spice Bazaar portal developed by Spices Board India for […]

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APEDA introduces blockchain technology for grape importers to track consignments from India

Agricultural and Processed Food Products Export Development Authority (APEDA), under the ministry of commerce, has integrated a Blockchain solution into its GrapeNet traceability platform.  The GrapeNet is a web based certification and traceability software system for monitoring fresh grapes exported from India to the European Union. The Blockchain solution, called APEDA Trust Chain, will help […]

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Tea Board of India mulls using blockchain to free Indian tea from adulteration

In order to boost consumption of the beverage in the country, the Tea Board of India is considering the use of blockchain to implement complete traceability of tea right from the plantation stage till the time it is sold to the buyer, reports Business Standard. This will not only help eliminate adulteration of Indian tea and improve […]

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