ICC Set to Support Blockchain Adoption With Its 45 Million Member Businesses

Admin || APRIL 12, 2019


A Singapore blockchain startup Perlin has chose to help one of the world's largest business organization, the International Chamber of Commerce (ICC), to bring up the blockchain technology, according to a press release by the company on April 12.

Perlin, which is already involved in blockchain pilots for various major businesses, including Asia Pacific Rayon, will now gain access to ICC’s members as the organization attempts to bring innovative technologies to the fore.

Now one hundred years old, the ICC counts 45 million businesses under its wing, including Amazon, CocaCola, FedEx, McDonalds and PayPal.

“In collaboration with Perlin, […] we can help facilitate practical and truly disruptive transformation for businesses across every conceivable industry sector,” John Denton AO, secretary general of the ICC, commented in the press release.

The partnership will take various forms, but will focus on value chain traceability — tracking goods through their stages of production and delivery.

The area has already seen considerable uptake from the blockchain sector, with solutions aiming to improve the provenance of entire supply chains from food to metals.

Singapore itself will also benefit, with Perlin and the ICC pledging to advance regional initiatives to improve its status as a tech hub.

In previous report, the city state continues to position itself as a blockchain-friendly jurisdiction. The central bank is set to begin rolling out its Project Ubin initiative among others next year.