Supply Chain

Attack on meat supplier came from REvil, ransomware’s most cut-throat gang

Enlarge / Ransomware Getty Images The cyberattack that halted some operations at the world’s biggest meat processor this week was the work of REvil, a ransomware franchise that’s known for its ever-escalating series of cut-throat tactics designed to extort the highest price. The FBI made the attribution on Wednesday, a day after word emerged that …

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Biden Economics: US Jobs Report Lackluster, Unemployment Extensions Hammer Supply Chain, Americans Want More Stimulus

<div class=”featured_image_container”> </div> <strong>Recent headlines in numerous publications claim the U.S. economy is set for rapid expansion and a “post Covid boom” thanks to Joe Biden’s economic plans. However, contradicting reports identify certain struggling elements, such as the supply chain, which have been ravaged by bureaucratic mandates, and suggest a bleaker circumstance entirely.</strong> Biden Administration …

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Lockheed Martin adopts blockchain for supply chain management in Switzerland

United States aerospace and defense contractor Lockheed Martin has signed an agreement with SyncFab, a Silicon Valley distributed manufacturing platform, to streamline supplier capabilities across Switzerland, offering yet another tangible use case for blockchain technology.  Under the new agreement, SyncFab will provide Lockheed Martin with direct access to its parts procurement and supply chain platform, …

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Enterprise-level partnerships send VeChain (VET) price to new highs

Real-world partnerships and integrations into thriving industries are some of the best forms of validation for blockchain projects that are seeking long-term sustainability and widespread adoption. They also have the ability to spark rallies that trigger long-term price appreciation as brand awareness spreads.  Since February enterprise-level adoption and a wide array of use cases have …

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Supply chain tokens see triple-digit gains as the global economy recovers

Over the last few weeks, blockchain projects focused on supply chains and logistics have seen tremendous growth as the coronavirus-induced economic gridlock begins to loosen and future concerns related to the global pandemic subside. Three logistics projects that have benefited from the improving economic outlook are OriginTrail (TRAC), Waltonchain (WTC) and Wabi (WABI). Since early …

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A new type of supply-chain attack with serious consequences is flourishing

Enlarge Przemyslaw Klos / EyeEm / Getty Images A new type of supply chain attack unveiled last month is targeting more and more companies, with new rounds this week taking aim at Microsoft, Amazon, Slack, Lyft, Zillow, and an unknown number of others. In weeks past, Apple, Microsoft, Tesla, and 32 other companies were targeted …

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Unibright (UBT) price soars after DeFi staking and enterprise-level partnerships

As Bitcoin (BTC) and Etheruem (ETH)  gain legitimacy in top financial circles that will eventually help digital currencies mainstream, projects that offer enterprise-level blockchain solutions are also gaining attention from the corporate sector and investing class. Sold as one of the next technological breakthroughs that will revolutionize the current digital landscape and usher in a …

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Rare Sneaker App Switches From Ethereum to Hedera to Skip Blockchain Fees

SUKU, a blockchain startup that tracks luxury goods among other things, is moving its high-end sneaker authentication system to Hedera Hashgraph, after the fees on Ethereum became too high. The first SUKU application to migrate to Hedera is called INFINITE, and it uses non-fungible tokens (NFTs), one-of-a-kind digital watermarks, to authenticate and enable easy secondary …

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Blockchain is not a panacea, but where needed, it’s the savior

Blockchain technologies and their associated market gained tremendous momentum this past year. The colossal developments and the aggressive funding of ideas across this nascent industry have sparked some serious debate as to the veritable value of blockchain. Before implementing blockchain technology, managers, builders and developers need to ask themselves one question: “why blockchain?” What necessitates …

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Minerals giant Norilsk Nickel joins Responsible Sourcing Blockchain Network

“Mining” may be most frequently used in the crypto industry to refer to the process by which digital currencies are collectively generated — but there are contexts in which firms are adopting blockchain infrastructure to manage the most physical of mining supply chains. The Russian company Norilsk Nickel — the world’s largest producer of palladium and …

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