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Hong Kong’s Flagship Airline Cathay Pacific Uses Blockchain in ULDs

Hong Kong’s flagship airline Cathay Pacific has introduced the first blockchain project to manage unit load devices. Hong Kong’s flagship airline Cathay Pacific has introduced the first blockchain project to manage unit load devices (ULDs). Cathay plans to roll out the tech across the entire networkThe new project intends to eliminate paper-based processes by implementing a blockchain application that allows to instantly manage ULDs through a smartphone, according to a report by air cargo publication Air Cargo News on Aug. 1. Cathay, a founding member of major global aviation alliance Oneworld, reportedly launched its blockchain ULD project in July, targeting first transactions in Hong Kong and selected locations in the United States on the initial stage. The company expects to roll out the technology across the entire Cathay Pacific network in the near future, the report notes. Cathay to improve the quality of services for clients with blockchainAccording the official website, the Ca..

EY: Blockchain Not Understood by Almost 70% of Firms in Asia-Pacific

Over two-thirds of enterprises in the Asia-Pacific region lack a solid understanding of blockchain tech and how to apply it, a new EY poll reveals. Over two-thirds of enterprises in the Asia-Pacific region lack a solid understanding of blockchain tech and how to apply it, a new Ernst & Young (EY) poll reveals. The Business Times of Singapore reports on July 16 that the “Big Four” auditor consultancy firm conducted its poll during a live blockchain webcast with 576 attendees from in Asia-Pacific, 13.7% of whom were from Singapore. Noting that 68% — over two-thirds — of polled attendees responded by admitting that they lack the knowledge and sufficient training to implement blockchain and its applications, EY remarked that this lack in education represents the greatest barrier for boards and executives to proceed with adopting blockchain solutions. Furthermore, 66% of respondents voiced their belief that they would need a firmer understanding of the possibilities, risks and benefits of ..

Blockchain Hits Top 10 Future Skills in LinkedIn Asia Pacific Report

The social network also identified compliance and AI in being highly useful skills in the coming years for the sector. Blockchain is one of the top ten most important employee skills in the Asia Pacific region, a new report from professional social network LinkedIn confirmed in June. A regular feature on the network, the 2019 APAC version of “The Future of Skills” lists blockchain among the most sought-after abilities workers will need in the coming years. Specifically, “setting up and managing a distributed and decentralised public ledger” will be a useful skill, while other areas making the top ten include compliance and artificial intelligence (AI). Both areas are closely tied to the blockchain sphere, with the disruptive technology producing a need to inform regulator attitudes. “Rising skills can be used to forecast where industries are going,” LinkenIn commented about the findings. The report added: “Examining what rising skills certain industries are hiring for shows what chang..

IDC Report: Blockchain Solutions Spending in Asia/Pacific, Bar Japan, to Hit...

Blockchain solutions spending in Asia/Pacific excluding Japan (APEJ) is forecast to hit $2.4 billion by 2022. Blockchain solutions spending in Asia/Pacific excluding Japan (APEJ) is forecast to hit $2.4 billion by 2022, according to an April 23 report from United States-based market research firm International Data Corporation (IDC). IDC's Worldwide Semiannual Blockchain Spending Guide provides an analysis of spending data from the emerging blockchain sector from a regional, vertical industry, use case, buyer and technology perspective. The report forecasts a sharp uptick in blockchain solutions spending in the region this year — predicting APEJ spending will hit almost $523.8 million in 2019, up 83.9% from $284.8 million in 2018. For the 2018-2022 forecast period, ICC expects a five-year compound annual growth rate (CAGR) of 77.5%, culminating at an estimated $2.4 billion by 2022. According to a statement from Ashutosh Bisht, senior research manager for customer insights and ana..

Asia Pacific Conservative Union Launches Blockchain Ecosystem to Fight Authoritarianism

A blockchain platform meant to fight authoritarianism has been launched by the Asia Pacific Conservative Union. Two executives from the Asia Pacific Conservative Union (APCU) have launched the Liberty Ecosystem, a blockchain-based network designed to fight authoritarianism, a press release shared with Cointelegraph reveals on March 2. The co-founders of the project are APCU chairman, Jikido "Jay" Aeba, and CEO and co-founder of the organization, Yasu Kikuta. The press release describes the initiative as a “decentralized federation of local advocacy and economic development organizations seeking to combat the rise of authoritarianism in the Asia-Pacific region and around the world.” Per the announcement, regimes like China invest in foreign infrastructure projects in a bid to assert control over the political sovereignty of other countries. Such use of economic power to exert political control has reportedly started to result in the exportation of the authoritarian government model to ..

IBM, Pacific International Lines Complete Blockchain Shipping Trial With Oranges

The shipment from China to Singapore was chosen in the run-up to lunar new year, IBM says. IBM is continuing its foray into blockchain trade management, completing a new trial which shipped 108,000 mandarin oranges to Singapore, a press release confirmed on Jan. 31. IBM, which is focusing on speeding up efficiency in multiple trade environments, used the technology to reduce paperwork handling and costs for the shipment, which originated in China. Singapore is importing a significant quantity of mandarins ahead of the lunar new year. Transit was handled by Pacific International Lines (PIL) using an electronic version of the Bill of Lading (e-BL), an essential trade document, processed on the blockchain. “A blockchain-based trade network will be a game-changer, and we have a great opportunity here with our partner PIL to revolutionize the documentation processes in a way that benefits the entire industry,” Harriet Green, CEO and Chairman of IBM Asia Pacific, commented in the press rele..
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