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IBM, KPMG, Walmart, Merck Reveal Results of FDA Blockchain Drug Tracing Pilot
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IBM, KPMG, Walmart, Merck Reveal Results of FDA Blockchain Drug Tracing Pilot

IBM, KPMG, Walmart, and Merck’s blockchain pilot in drug-tracing has successfully exceeded the US Food and Drug Administration’s (FDA) benchmarks. The pilot program aimed to encourage new technologies to be used in the pharmaceutical supply chain. Blockchain was used as a shared record movement of pharmaceutical drugs through the supply chain, which resulted in improved efficiency. Recalls were proven to be done in just seconds, rather than in days, as blockchain offers traceability.

OPEC Workshop Will Focus on Blockchain Integration with Oil Supply Chains
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OPEC Workshop Will Focus on Blockchain Integration with Oil Supply Chains

The OPEC Member Countries have revealed that its forthcoming videoconference workshop will feature blockchain integration with supply chains.

KPMG Partners with Coin Metrics to Boost Institutional Crypto Adoption
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KPMG Partners with Coin Metrics to Boost Institutional Crypto Adoption

KPMG has teamed up with Coin Metrics to enhance institutional adoption of blockchain and cryptoassets offering proprietary analytics, trusted data & insights.

Blockchain Investments Declined 63% Due to COVID-19, Says New KPMG Report
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Blockchain Investments Declined 63% Due to COVID-19, Says New KPMG Report

Auditing firm KPMG has recently published its 2020 Global Emerging Technology Survey Report that identified a decline in investments into blockchain technology because of the coronavirus pandemic. However, the study predicts that the sector would be one of the industries, which would probably obtain the highest amount of investment in the next 12 months.

KPMG Unveils Blockchain-Based Climate Accounting Tool To Help Drive Environmental Sustainability
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KPMG Unveils Blockchain-Based Climate Accounting Tool To Help Drive Environmental Sustainability

KPMG has unveiled a blockchain capability dubbed Climate Accounting Infrastructure (CAI) to help firms measure, report, and offset their greenhouse gas emission.

KPMG Advocates for Institutional Custody as Estimated $9.8 Billion of Crypto Stolen Due to Lack of Security
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KPMG Advocates for Institutional Custody as Estimated $9.8 Billion of Crypto Stolen Due to Lack of Security

One of the big four accounting firms, KPMG estimated that at least $9.8 billion in cryptocurrencies have been stolen by hackers since 2017 due to security issues or poorly written code. According to the KPMG report, the cryptocurrency market will need to see huge improvements for the $245 billion industry to keep growing.

MUFG Seeks Seamless Automatic Securities Settlement via Blockchain
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MUFG Seeks Seamless Automatic Securities Settlement via Blockchain

MUFG (Mitsubishi UFJ Financial Group), one of Japan’s biggest banking institutions, has announced the establishment of an ST (Security Token) Research Consortium intended at protecting investors’ rights, as well as offering fund settlement and seamless automatic securities settlement via blockchain.

KPMG Launches Blockchain-Integrated Supply Chain Platform in Australia, China & Japan
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KPMG Launches Blockchain-Integrated Supply Chain Platform in Australia, China & Japan

Big Four audit firm, KPMG has announced that it has rolled out a blockchain-enabled track and trace platform dubbed KPMG Origins in Australia, China, and Japan. The platform leverages on emerging technological innovations, such as blockchain and internet of things sensors (IoT), as well as analytics and data tools.

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