Blockchain technology remains one of the hottest trends among financial, government and commercial organizations worldwide. ForkLog provides an overview of the most exciting new ventures.

Mercedes-Benz Joins Aura Blockchain Consortium

Automaker Mercedes-Benz has joined the Aura blockchain consortium. The latter was created in 2021 by Prada, Cartier and LVMH to combat luxury counterfeiting.

The Aura platform was created to provide transparency in supply chains and verify the authenticity of luxury products. According to a press release, the consortium is looking to expand its functionality. Specifically, it will allow participants to publish NFTs.

Mercedes-Benz plans to add non-token-related services to its vehicles. For example, NFT can be displayed on a digital dashboard.

Ernst & Young Launches Supply Chain Tracking Solution Powered by Polygon Technology

British audit and consulting firm EY (Ernst & Young) has launched a supply chain monitoring service based on Nightfall, a second-tier solution developed in partnership with Polygon.

The beta version of the OpsChain Supply Chain Manager platform allows the issuance of tokens and NFTs representing the assets of companies. They can be tracked with the Nightfall solution built on Ethereum.

OpsChain uses privacy-focused zero-knowledge proof technology that makes transactions faster and cheaper.

Wembley Stadium to launch ticket sales on blockchain

Wembley Stadium in England will implement SecutTix’s TIXNGO blockchain solution, allowing event attendees to purchase tickets.

Distributed ledger technology ensures security and eliminates fraud. TIXNGO also allows organizers to collect information about customers, including information on how the ticket was purchased.

Wembley plans to use the platform to sell tickets for an Ed Sheeran concert in July.

JPMorgan Tests Blockchain for Loan Collateral Settlement

As Bloomberg reports, financial conglomerate JPMorgan has launched a pilot project focused on the use of blockchain technology to pay off loan collateral.

As part of the test, the holding carried out several operations. The first took place on May 20 – two divisions of JPMorgan entered into a transaction with tokenized shares of the BlackRock fund used as collateral.

Union Bank will place digital bonds on the blockchain

UnionBank, one of the largest banks in the Philippines, has launched an IPO of digital bonds in local currency. After the instrument is listed on the Philippine Transaction Exchange, it will be released on June 20.

The minimum issue size will be 1 billion pesos (~$19 million). Bonds with a fixed coupon rate of 3.5% have a maturity of one and a half years.