Tag: Logistics

Deloitte Taps Polkadot Blockchain Kilt to Provide Digital Shipping Logistics for Hapag Lloyd

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Alibaba’s Logistics Arm Cainiao to File for $1B+ Hong Kong IPO

Meanwhile, Alibaba has put a hold on Hong Kong IPO plans for its grocery chain Freshippo. The Alibaba Group’s logistical arm Cainiao Network Technology is set to reportedly file for its Hong Kong Initial Public Offering (IPO) by next week, making it one of Alibaba’s first units to go public. According to sources familiar with the matter, the logistics firm is looking to raise more than $1 billion from the sale share. They added that the valuation has not been decided on and no final decisions have been made so…

Amazon implements AI to enhance logistics and delivery speeds

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Amazon is prioritizing using artificial intelligence (AI) to enhance delivery speed by reducing the distance between products and customers. Speaking to CNBC on May 15, Stefano Perego, vice president of customer fulfillment and global operations services for North America and Europe at Amazon, said that artificial intelligence plays a role in various aspects of Amazon’s operations. This includes using AI for transportation, such as mapping and route planning, and considering factors like weather conditions. Additionally, AI assists customers in finding the desired products when searching on Amazon. Currently, Amazon is…

Alibaba Logistics Business Cainiao Seeks Hong Kong IPO in Early 2024

With the IPO move in full force, the logistics arm of Alibaba is looking forward to raising between $1 billion and $2 billion. Cainiao Network Technology, the logistics arm of online marketplace Alibaba (NYSE: BABA), is seeking an initial public offering (IPO) in Hong Kong early next year. In the post-hours trading session, Alibaba stock trades up 0.44% to $83.59 on the New York Stock Exchange (NYSE). The IPO plan for the logistics business kick-started after Alibaba revealed in March that it would split its business into six units. The Group…

11 tips for companies considering blockchain to manage logistics

Supply chain reliability and efficiency are always a concern for product-based businesses, but their importance was spotlighted recently as multiple industries struggled both with obtaining needed materials and keeping their products continually available on store shelves. Companies looking for streamlined, easy-to-manage and safe solutions may be considering blockchain as an option. While blockchain technology can be an impactful tool for many applications — including, in some cases, logistics and distribution — it’s not necessarily the best tool for certain industries. Below, 11 members of Cointelegraph Innovation Circle share their tips…

Hong Kong takes the lead in blockchain logistics after Maersk TradeLens demise

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After Danish logistics firm Maersk terminated its blockchain-based supply chain platform last year, industry builders have not given up on blockchain applications in global trade. Hong Kong-based Global Shipping Business Network (GSBN), a non-profit consortium focused on blockchain trade applications, is bullish on blockchain as a crucial logistics tool in the long term. According to a report by The South China Morning Post, GSBN currently operates one of the world’s largest platforms that can be described as an alternative to Maersk’s TradeLens tool. The platform is based on a permissioned…

IBM and Maersk Abandon Ship on TradeLens Logistics Blockchain

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Foundry Digital Launches Logistics Arm to Advance Standards in the Cryptocurrency Mining Industry – Mining Bitcoin News

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On Thursday, Foundry Digital LLC, the mining company and subsidiary of Digital Currency Group (DCG), announced the launch of Foundry Logistics in order to advance standards in the cryptocurrency mining industry. The newly launched arm of the company plans to “bridge the gap between hardware manufacturers and buyers by providing an all-in-one solution for mining hardware deliveries.” DCG Company Foundry Launches Mining Logistics Arm Foundry, the crypto mining, staking firm, and DCG company has announced the launch of a new company venture called Foundry Logistics. The new mining logistics arm…

Supply chain and logistics projects dominate additions to Forbes Blockchain 50

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More than half of companies added to the Forbes Blockchain 50 list for the first time this year are using tblockchain to resolve logistical issues faced in their line of business.  Eleven of the 21 new entrants added to the annual tally are applying blockchain and DLT-based solutions to problems regarding supply chains, product tracking and shipping information. According to Forbes, “hundreds of sizable companies are now using Bitcoin and its underlying technology to make their operations more efficient.” “Most companies on the Blockchain 50, however, are not Bitcoin speculators…