India Plans to Issue a National Blockchain Framework - Coindesk

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• India Plans to Issue a National Blockchain Framework - Coindesk
• Blockchain to 'save food industry $31 billion,' new research says - CNBC
• Blockchain Technology Marketplace Expected to Reach $500M by 2022 - HITInfrastructure.com
• Blockchain, 3-D Printing Combine to Make Aircraft Parts - Wall Street Journal

India Plans to Issue a National Blockchain Framework - Coindesk Posted: 27 Nov 2019 11:04 AM PST [unable to retrieve full-text content] India Plans to Issue a National Blockchain Framework  Coindesk Indian Government to Issue National Blockchain Strategy  Cointelegraph India announces powerful new blockchain strategy  Decrypt MeitY planning strategy for national use of Blockchain  Economic Times India is developing a national blockchain strategy  The Block Crypto View full coverage on Google News

Blockchain to 'save food industry $31 billion,' new research says - CNBC Posted: 27 Nov 2019 04:03 AM PST Lebazele | E+ | Getty Images Blockchain will facilitate $31 billion in "food fraud savings" by the year 2024, according to new data from Juniper Research. According to the research, which was released earlier this week, blockchain, along with "internet of things" trackers and sensors, would help to drive down costs for retailers. This would be achieved through the streamlining of supply chains, efficient food recall processes and "simpler regulatory compliance." The research is contained within the "Blockchain: Key Vertical Opportunities, Trends & Challenges 2019-2030" report. Blockchain refers to a tamper-proof, distributed digital ledger that records transactions. The European Commission has described the internet of things as merging "physical and virtual worlds, creating smart environments." In a statement Monday, Juniper Research said that the internet of things and blockchain would add "significant value" to those involved in the supply chain, namely, farmers, retailers and the consumer. Today, many consumers are increasingly aware of where their food comes from and how it is produced. Nevertheless, trust is still a big issue, especially when it comes to supply chains. In 2013, for example, the food industry in Europe was rocked when horse meat was found to be present in food products that did not list it as an ingredient. "Today, transparency and efficiency in the food supply chain are limited by opaque data forcing each company to rely on intermediaries and paper-based records," Morgane Kimmich, the research author, said in a statement. "Blockchain and the IOT (internet of things) provide an immutable, shared platform for all actors in the supply chain to track and trace assets; saving time, resources and reducing fraud," Kimmich added. The applications of blockchain technology are wide ranging. Major utility Iberdrola, for instance, has used it to "guarantee" that the energy it sends to its customers comes from 100 percent renewable sources. In an announcement in January, the firm said that it had undertaken an "experiment" with the financial entity Kutxabank. Using blockchain, Kutxabank was able to track the origin of energy supplies, in real time, "from the generation asset to the point of consumption."

Blockchain Technology Marketplace Expected to Reach $500M by 2022 - HITInfrastructure.com Posted: 27 Nov 2019 05:30 AM PST By Samantha McGrail November 27, 2019 - Global blockchain technology complements healthcare artificial intelligence (AI) and internet of things (IoT) - based marketplace offerings, and is expected to cross $500 million by 2022 at a compound annual growth rate (CARG) of 61.4 percent, according to a recent Frost & Sullivan report.  "Health insurance payers, providers, and pharma companies are expected to adopt blockchain systems ahead of other healthcare industry stakeholders," Kamaljit Behera, senior industry analyst, transformation health, said in the press release. "In the future, distributed ledger technology (DTL) will be leveraged by telehealth vendors and tech giants such as Apple, Amazon, Google, and Microsoft to monetize data science and analytical services with innovative patient-centric care models."  With the question of trust and security at the forefront of digital healthcare, Frost & Sullivan's recent study intended to uncover the reason behind the success of blockchain technology in the healthcare industry as it becomes gradually implemented into this space. By analyzing commercial partnerships and best practice case-studies, they hoped to identify growth opportunities as well. Dig Deeper Using the information from the study of 250 vendors, the analysis found that there are numerous ways providers can successfully integrate blockchain technology in the healthcare space, including explore applications like healthcare data infrastructure, on-demand healthcare, pharma drug supply chain and other areas of technology. Providers may also consider becoming part of consortiums such as synoptic, Hashed Health, Insureum, and MediBloc.  In addition, it is also important to engage with buyers and establish a collaborative ecosystem for developing focused cases and "governance standards for future commercial scalability and success." Because this large-scale deployment of PHR application seems more practical in Europe and Asia where the healthcare data vendor system is less complex, it is important to target not only the US, but also other countries with payer-and provider-focused blockchain applications.  The interplay between Blockchain, AI, and IoT, will further catalyze the space of innovation adoption and related applications in the healthcare realm. Although the healthcare market struggles to find a trade-off between the risk and reward of going digital, the integration of Blockchain technology may provide an appropriate solution to reduce some of the urgent needs around trust and security with digital workflows, the press release stated.  With the worry of security surrounding healthcare in a digital space, last month, Cumberland joined the MediLedger project, which currently uses blockchain technology to improve drug supply chain networks.  An initiative of Chronicled, the project focuses on working with healthcare and pharmaceutical industries to develop these blockchain- based supply chain networks based on open standards and specifications. "It's exciting to be involved in helping to simplify the complexities of the pharma supply chain through the use of cutting-edge blockchain technologies," said Jeff Lee, managing partner of Cumberland's Life Science Division.  The project utilizes blockchain technology to store synchronized public data so that individuals all use the same "source of truth." In addition, it maintains a record of confidential transactions and uses smart contracts to highlight business rules and manage transactions, which ensures the nobility of the system.  MediLedger vocalized that it is releasing a saleable returns verification system that meets Drug Supply Chain Security Act regulations, which is expected to take place on November 27. The system will look up directory verification routing service, which can allow for quicker responses between pharmaceutical wholesalers and manufacturers. Only authorized companies will be allowed to place their products in the directory, establishing the highest security.  "Blockchain technology, in the context of MediLedger, ensures that there is one source of truth, and we can design it so only the license holder can create records for its own products, for example. This may seem like a simple illustration, but it is revolutionary," said Chronicled CTO Maurizio Greco.

Blockchain, 3-D Printing Combine to Make Aircraft Parts - Wall Street Journal Posted: 26 Nov 2019 03:02 PM PST Air New Zealand used a blockchain system from Moog to order a replacement part for one of its Boeing 777-300 planes as it was en route from Auckland to Los Angeles. Photo: daniel munoz/Reuters Nov. 26, 2019 6:02 pm ET Aircraft-component maker Moog Inc. is testing a combination of blockchain and 3-D printing to speed up the replacement of defective aircraft parts to a few hours from several days or even weeks. The aircraft-parts market is heavily regulated, with sales requiring certification from the Federal Aviation Administration and other agencies. That means it isn't exactly known for speed. The East Aurora, N.Y., company aims to demonstrate that putting together the two emerging technologies—the distributed ledger behind cryptocurrencies and the building of parts on demand from digital blueprints—could support a new type of digital marketplace for plane parts. "The idea is that I'm going to stock those parts digitally and turn them into physical goods when I need them," said George Small, Moog's chief technology officer. "It is, in the end, just trying to identify what all the inefficiencies are in the existing supply chains and then offer opportunities for improvement," he added. Using blockchain cuts down on paperwork, letting a buyer locate a part and buy it immediately. "I need something that replaces the paper trail, but in a way that still supports this digital model and being able to print parts on demand," Mr. Small said. Moog, which has about 13,000 employees and recorded revenue of $2.9 billion in the year ended in September, tested the combination of blockchain and 3-D printing earlier this year, allowing an airline to order a part for a plane while it was in the air and have the part installed when it landed. In the test, Air New Zealand Ltd. used Moog's blockchain system, VeriPart, to order a replacement protective part for an in-seat screen for a Boeing 777-300 as it was en route from Auckland to Los Angeles. Using the blockchain process, a maintenance team in New Zealand ordered a digital file containing the part design from Singapore Technologies Engineering Ltd., a Singapore-based company that provides airline-repair services. The order was validated on Moog's blockchain system, hosted on Microsoft Corp. 's Azure cloud. The part was then printed on a Moog 3-D printer in Los Angeles, sent to the airport and installed in the plane. It usually takes weeks to get replacement aircraft parts from suppliers, said Samuel Engel, senior vice president at the aviation practice of consulting firm ICF International Inc. Companies across industries have explored blockchain's potential to authenticate transactions and streamline processes across large networks involving various partners. Businesses are using 3-D printing to make airline parts, but connecting the technology to blockchain is a relatively new concept, said Michael Shanler, vice president and analyst at research and advisory firm Gartner Inc. Within the airline-parts market, blockchain could not only share a digital ledger of transactions and trusted manufacturers, but also host information on material used for aircraft parts, such as specific plastics or metals, so the order could be redirected to a relevant 3-D printer. Honeywell International Inc. has introduced a blockchain-based online marketplace that lets international buyers and sellers trade used aerospace parts in real time. General Electric Co. is using Microsoft's Azure blockchain technologies to provide updated information on parts. But there are challenges in creating decentralized digital marketplaces for aircraft parts. "Moving to some kind of simplified international structure—there's a lot independent systems and regulators that have to come on board," Mr. Engel said. Mr. Small said that for now, Moog is exploring the combination of 3-D printing and blockchain. An industrywide model could evolve over time, he added. Write to Agam Shah at agam.shah@wsj.com Copyright ©2019 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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