Water token, sustainable jet fuel and other blockchain initiatives

Water token, sustainable jet fuel and other blockchain initiatives

Water token, sustainable jet fuel and other blockchain initiatives

Blockchain technology remains one of the hottest trends among financial, government and commercial organizations around the world. ForkLog magazine offers an overview of the most interesting recent initiatives.

South Africa will launch water delivery on the blockchain

South African company H20 Securities raised $150 million from GEM Digital by selling the H20N token, which provides blockchain-powered fresh water supplies.

“Water is the most important commodity on earth , and our management of it is critical to humanity,” said Julius Stein, head of H20 Securities.

In his opinion, the combination of the strengths of traditional and decentralized finance will ensure affordable and fast water supply.


Shell Launches Blockchain Fuel Trading Platform

Shell Oil Company launched Avelia, a blockchain-based platform for the sale of carbon-neutral aviation fuel. This was reported by Business Green.

The initiative was launched in collaboration with the consulting firm Accenture and travel agency Amex FMT.

The platform will bring together jet fuel carbon credit providers, airlines and cargo carriers in a single ecosystem. Blockchain will ensure data security and transparency.

The sale of carbon credits will contribute to the “decarbonization” of the sector and the transition of airlines to sustainable fuel.

Italy will allocate $46 million for blockchain projects

Ministry of Economic Development Italy will allocate $46 million in government subsidies for companies developing projects based on the blockchain.

Applications will start in September 2022. Each company can expect an amount between 500,000 and 2 million euros, provided that the funds are used in specific sectors, such as healthcare.

Italian Economic Development Minister Giancarlo Giorgetti explained that the government encourages the modernization of production systems through management models that are becoming “increasingly interconnected, efficient, secure and fast.”

Tata Steel will implement a blockchain to track steel supplies

British steel company Tata Steel has entered into a collaboration agreement with startup iov42 to work on a blockchain solution for tracking steel supply chains.

One of the main goals of the initiative is a digital passport that involves receiving feedback from Tata Steel customers.

< p>The company's new product development manager, Richard Clarke, said the firm will explore the possibilities of blockchain “to overcome existing obstacles” in the steel business.< /p>

Read ForkLog bitcoin news in our Telegram — cryptocurrency news, rates and analytics.