Tobacco Giant Philip Morris Estimates It Could Save Up to $20 Million by Using Blockchain

International tobacco company Philip Morris is considering blockchain use in tracking tax stamps on cigarette boxes, the firm’s spokesperson confirmed to Cointelegraph on April 26. Philip Morris International is looking to implement emerging technologies such as blockchain in order to improve the efficiency, transparency and cost effectiveness of its business, the company’s representative said in an email to Cointelegraph. Specifically, Nitin Manoharan, Philip Morris’ global head of architecture and tech innovation, has recently estimated that Philip Morris alone could save up to $20 million by reducing tax stamp paperwork and…

Coinbase’s Mike Lempres, Galaxy Digital’s Mike Novogratz, High Fidelity’s Philip Rosedale and Edelman’s Margot Edelman to Judge Block.one’s EOS Hackathon San Francisco

Global-leading panei also includes Block.one President Rob Jesudason and Chief Technology Officer Dan Larimer Block.one, publisher of the ground-breaking EOSIO blockchain software protocol, today announced that Mike Lempres, Chief Policy Officer at Coinbase, Galaxy Digital Founder and CEO Mike Novogratz, Edelman Public Relations Vice President Margot Edelman, and High Fidelity co-founder and CEO Philip Rosedale will participate as judges at its EOS Global Hackathon event in San Francisco on November 10-11. The event, which will be opened by Block.one CEO Brendan Blumer, will also feature on its panei of judges…