End of FY17/18 Update: Including blockarray masternodes, Smart Containers FINMA compliance and Cargo X smart Bill of Lading launch.

With crypto being such a fast-moving industry, project posts can quickly become out of date or even misleading. With the close of the financial year and current bear market, it seems appropriate to revisit featured projects and have a look at any key partnerships, developments and releases.

 

blockarray

Blockarray is a smallcap token (market cap of under $10 million USD at time of posting) undergoing somewhat of a rebrand to target specific sectors of the trucking market. Previously looked at in this post, Blockarray have released a new website, aimed at enterprise solutions to issues in the trucking sector.  Based out of Chatanooga, Tenessee,  part of their offering is helping logistics firms deal with the Electronic Logging Device mandate that recently came into force. Their work with Tennessee reps have borne fruit with a bill passed that recognises the legal authority to use distributed ledger technology and smart contracts in conducting transactions.

They’ve announced their co-sponsorship of the ETHMemphis hackathon with FedEx and released more details for the Blockarray masternodes on the mainnet last week, beta testers have also been selected. This includes confirmation that rewards will be paid out on top of hosting costs has seen a huge response from the community.

A new whitepaper is expected to be released within the month to reflect the shift in direction, and the new 3 month rolling roadmap linked here. I would highly recommend following their Medium, as it is updated on a consistent basis with lots of information on what is currently a rapidly transforming project. This post goes someway to describing the direction the project is taking, and more information about the token utility is posted here.

 

smart containers ico

The Smart Containers project is still in it’s pre-ICO stage, but there have been a few developments that look to be positive steps for the firm.

The revenue-sharing model the SMARC token is using (like Modum) has caused a fair bit of discussion around the token-as-a-security issue. Smart Containers responded with this recent tweet:

We’re proud to announce that Swiss authorities have confirmed to us the legal compliance of the to Swiss Financial Market Law. This is the basis of Smart Containers’ goal to be a role model in the ICO space.

During the Modum ICO, similar messages came from them, and no backlash from regulatory bodies has happened as of yet, although importantly neither has any acutal revenue sharing. However considering  FINMA recently set out its guidelines, it’s probably safe to assume everything is above board.

AmaZix, noted crypto community project managers who are probably most well known for working on ICOs for Salt and Bancor,  have been brought on to run the BitcoinTalk bounty thread and Telegram. The Telegram group membership has spiked from around 80 to 2.1K in the past month, a testament to both the word of mouth getting out around the project, and to AmaZix.

Richard Ettl, the co-founder and CEO of Smart Containers Group recently featured on the Futuretech Podcast, it’s only 20 minutes so definitely worth a listen to some insight on the project. The firm’s business development manager Carla Bünger pitched at the Blockchain Leadership Summit, held in Zurich. Here’s a video of the presentation, again worth a watch for a little more up to date information than in our previous post back in February.

origintrail

The team at OriginTrail have been hard at work to maintain the roadmap and launch their mainnet on schedule. Recently, release V0.5 – Ranger was launched, the third to six official releases before the testnet launch. This included a major rewrite of the network layer, a restructured codebased to provide more scalable and testable architecture, and an improved version of the payment mechanism.

The next release will include the bidding mechanism, and initial implementation of the zero knowledge layer. OriginTrail is still improving the team, recently adding two new senior software engineers. OriginTrail also maintains a high level of transparency on their GitHub with major releases every two weeks. Recently they’ve posted an OriginTrail Implementation Kit, a guide to how firms can set up pilot projects over on their Medium, and is a great read.

My favourite recent update of theirs though is more information on one of their pilot projects I first mentioned back in January. The pilot consists of using TagItSmart sensors to provide supply chain authencity to Plantaze’s award winning wine range. It’s the first time OriginTrail will be used for data coming in from smart tags. and will start with tracking 15,000 bottles of wine. Cementing authenticity of goods is one of my key use cases of blockchain and this is recognised by other bodies.

Wine is one of the most counterfeited products in the world. This not only poses harm to brands and wineries that are producing wine of the highest quality, it is also a public health hazard, since some of the counterfeit ingredients can be poisonous. In China, by some estimates, as much as 50% of all wine sold is counterfeit or mislabeled to deceive consumers.

Read the study of the pilot program here.

And finally, Žiga Drev, the founder of OriginTrail tweeted last week he would be helping to discuss smart farming and EU agricultural policy with European Commissioner Phil Hogan and agricultural minister Zidan Dejan at the European Action for Smart Villages event. It’s great to see involvement like this with top-level government officials.

cargox $CXO

CargoX has also made rapid steps since it’s ICO at the turn of the year to become a well established project. To kick things off, a partnership was inked with Milsped Group, a European logistics leader, based in the Balkans, to test and evaluate the CargoX blockchain solution to bills of lading. The Milsped Group has an annual income of 102 million euros, with over 147300m² of storage space. With close to 2000 employees, and 57 customs branch offices, its a serious contender in the European logistics space.

Last week the CargoX Smart B/L bill of laden slution was launched to a live audience at the 6th International Logistics Congress in Slovenia, and to members of the French Transport and Logistics Association in Paris. In Slovenia, the audience included over 250 managers from logistics firms across the globe. The press release states:

The startup has already signed up several logistic companies as partners, including the European logistics leader Milšped Group from Serbia, and is in talks with other major freight organizations.

A working product, with confirmed customers and more potentially in the wings, not even 6 months following the ICO? Sounds like a project with real fundamentals to me.

Any thoughts? Follow me on twitter!

If you liked this, you may like this article: Smart Containers ICO – Temperature controlled containers & IoT sensors on the blockchain.


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