World’s Largest Business Organization ICC Explores Blockchain Adoption

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The International Chamber of Commerce (ICC), the world’s largest business organization, has collaborated with Singapore-based blockchain platform Perlin to improve transparency and traceability in supply chain operations among its 45 million members.

As detailed in a press release published April 12, the ICC has partnered with Perlin to help its members expand across 130 territories by leveraging Perlin’s blockchain platform, allowing companies to benefit from the integration of the nascent technology.

As part of the tech partnership, Perlin will provide access to its blockchain platform during the project’s initial stages, focusing on “practical, efficient and scalable blockchain traceability and transparency systems for value chains.”

Highlighting the joint initiative, ICC secretary general John Denton explained:

“In collaboration with Perlin, which leads the field in blockchain and distributed ledger development, we can help facilitate practical and truly disruptive transformation for businesses across every conceivable industry sector.”

At present, Perlin is already working with a number of major firms in the development of several blockchain pilots, including one with Asia’s major viscose-rayon producer Asia Pacific Rayon (APR). Dubbed “Follow Our Fibre,” the project was spearheaded in an effort to improve transparency across the supply chain by enabling APR customers to monitor stages of production from planting to delivery.

To ensure that APR remains compliant with regulatory and industry-based standards and certifications, the project will provide “permanent data on a secure blockchain database.”

In addition, ICC and Perlin are also collaborating on other joint initiatives, among which includes the ICC’s Business Action to Stop Counterfeiting and Piracy (BASCAP), a project launched in an effort to promote awareness of the “economic and social harm” resulting from piracy and counterfeiting.