Cryptocurrency and ICO news 13.06.2018

VeChain and Deutsche Bahn developed a DApp for logistics industry in China

Singapore-based blockchain startup VeChain (VEN) and global logistics provider DB Schenker have co-developed a blockchain-based supplier evaluation system.

A new decentralized application (DApp) will use the VeChainThor blockchain to score DB Schenker’s third-party logistics partners in China based on collected data –  the result being an evaluation for services such as packaging, transportation, and the quality of goods.

The Vechain Foundation claims that the DApp is the first ever implementation of blockchain for supplier management purposes.

Earlier this year, leading members of the logistics industry  – which employs the most people in the world – told Cointelegraph that blockchain technology is “a matchless solution” for innovating the transfer of goods, services and value globally.