ICC to Help Blockchain Adoption for 45 Million Members; Amazon, Fedex, McDonald’s, Coca Cola to Name a Few

The International Chamber of Commerce (“ICC”) is working to implement blockchain technology. A few of the most well-known members of ICC include FedEx, Coca Cola, Amazon, and PayPal.

According to a press release issued by Perlin, a Singapore-based blockchain startup, it is working with ICC to improve the supply chain through blockchain technology. The move will enable ICC members to connect to the blockchain so that they can ultimately experience more transparency.

John Denton AO, the ICC Secretary General stated in the press release,

“The ICC has always been committed to empowering our members to achieve the highest level of corporate excellence and continuous innovation. In collaboration with Perlin, which leads in the field of blockchain and distributed ledger development, we can help facilitate practical and truly disruptive transformation for businesses across every conceivable industry sector.”

The use of blockchain-based technology may support positive disruptive changes for enterprises of all sizes. Although the technology is still in its early stages, there is a great deal of potential of it can develop in the right manner.

Dorjee Sun, Perlin’s CEO also stated in the press release,

“The Perlin team has always recognized that meaningful blockchain and distributed ledger tech adoption can only be achieved by building tools that are practical, scalable, cost-effective and add substantial value for businesses of all sizes. As the real-world pilots we’re already deploying show, the technology we’ve built meets each of these essential criteria head on.”

Aside from promising the adoption of blockchain technology for ICC members, the partnership between ICC and Perlin will also focus on promoting Singapore as a hub for industry innovation and excellence. These moves, collectively, can help change industries for the better and enhance the use of ever-changing technology for millions of users.