#23 - Weekly News Digest 20240610-0616

This weekly news digest is created by community members in the Hyperledger Supply Chain and Trade Finance Special Interest Group as a way to keep people up to date on the latest developments in this space.  If you have news to share that you would like to let the group know about, please feel free to edit this wiki page or join one of the upcoming group meetings and share your news with other group members.

News:

a. Supply Chain Management:

• Blockchain solutions for intelligent transportation system
• Blockchain in Logistics: Definition, Role in Logistics, and Benefits
• How Blockchain Can Help Manage Complex Supply Chain Contracts
• Unlocking Efficiency: How Blockchain Transforms Cross-Border Supply Chains
• The True Impact of Blockchain for Global Supply Chains is Yet to be Realized
• Secure and Efficient IoT Data Exchange: A Multilayer Authentication System with Blockchain
• WiMi Announced the Internet of Things (IoT) Data Perception Based on Blockchain Technology
• How the Aura Blockchain Consortium convinced luxury competitors to collaborate
• 5 Ideas to Transform Cross-Border Commerce With Blockchain Solutions
• Direct electrification of industrial process heat - An assessment of technologies, potentials and future prospects for the EU
• Is the EU's massive tariff bomb on Chinese EVs a circular economy game-changer?
• Developments in the Global Supply Chain: Key Takeaways from S&P Global's Look Forward Report
• ASEAN 4.0: What does the Fourth Industrial Revolution mean for regional economic integration?

b. Trade Finance:

• The Future of the Global Economy: From Trillions to Quintillions
• Digitalization is disrupting global trade – here's how AI can help customs and businesses to respond
• HSBC has today announced the launch of Global Trade Solutions (GTS), a new identity for the bank’s long-standing Global Trade and Receivables Finance (GTRF) business.
• Promoting financial inclusion through digitalization of remittances
• Collaborating via shared standards is a crucial next step to ensure our industry can digitise effectively and create interoperability across the supply chain.
• Making trade faster, safer and more resilient: Four decades of innovation
• The Bank for International Settlements – BIS has launched its Toronto Innovation Hub, in collaboration with the Bank of Canada.
• The day after… the adoption of hashtag#MLETR by hashtag#France: an excellent “must read” analysis from Benoît Steinbach on the adoption of electronic documents in documentary trade business’s
• Sustainability in Trade Finance: Leveraging Digital Solutions
• Revitalizing Cross Border Payments through Decentralized Oracles
• Bangladesh is a pretty impressive growth-through-trade story: from a GDP per capita of US$413 in year 2000 to US$2,528 in 2023, largely powered by export manufacturing which grew from $5billion in 2000 to $45 billion in 2022 (7.9% global market share for textiles).
• Digital and Sustainable Trade Facilitation
• Great to launch our new 'interview series' in Seoul this week at the 56th FCI Annual Meeting! In this first interview, we explore the fastest-growing areas and regions of factoring.
• ‘Rules as data’ – the 21st century answer for trade facilitation?
• Painting a New Era of Payments
• COMPUTATIONAL LAW - hashtag#Trade is rich in ontologies, like Harmonized System (HS) codes, but how can the logic of 'rules' be expressed and communicated to improve access for any human or machine?
• Mitigating Fraud and Compliance Risks with AI-Powered Trade Finance
• Banking on Green Buildings
• An ocean of opportunities: The potential of seaweed to advance food, environmental and gender dimensions of the SDGs
• The Future of Regenerative Finance: Unlocking Web3's Potential for Socio-Ecological Impact.
• Most companies have made a net zero commitment but still struggle to develop a stringent transition plan. This article highlights current voluntary standards designed to support corporations in achieving their commitments.

c. Sustainability & ESG

• Project Viridis : Climate Risk Platform for Financial Authorities
• The affordability of nutritious food for “all people, at all times” is a critically important dimension of food security.
• Liquefied natural gas (LNG) expansion poses excessive economic and environmental risks for Canada.
• In a groundbreaking move, OIOI Group (MARUI), the renowned Japanese department store, has issued a digital green bond directly to its customers, leveraging blockchain technology!
• SOLUTIONS TO DECARBONISE HEAT IN THE STEEL INDUSTRY
• FRAG IG 3: List of ESRS Datapoints, a comprehensive implementation guidance to support the application of sector-agnostic European Sustainability Reporting Standards (ESRS) 'Set 1' adopted by the
• European Commission
• State of the Ocean Report 2024
• The Climate Data Challenge - The Critical Role of Open-Source and Neutral Data Platforms
• International Renewable Energy Agency (IRENA) released the report, "Climate action and the energy transition"
• Main Takeaways and Challenges of Underground Hydrogen Storage in the UK
• UNDP and FAO Climate are sharing strategies for integrating climate change into national & sectoral budgeting and planning.
• The Biden-Harris Administration has just announced a groundbreaking initiative to foster high-integrity voluntary carbon markets! These new principles aim to enhance transparency, credibility, and effectiveness in carbon trading, ensuring that voluntary carbon markets truly contribute to our global climate goals.
• the newly released United Nations Inter-Agency Policy Brief on Accelerating
• Tackling the Plastics Crisis: Key Insights from GreenBiz
• United Nations Expert Group on Climate and SDG Synergy, released a report, "Seeking Synergy Solutions How Cities Can Act on Both Climate and the SDGs".
• A new report from the Nature-Based Infrastructure Global Resource Centre, shows how countries suffering from drought like Burkina Faso can transform a USD 120 million investment into USD 1.7 billion in social, economic, and environmental benefits through land restoration projects.
• New research analyzes the national climate commitments (hashtag#NDCs) & long-term low-emissions climate plans (LT-LEDS) of the world's 20 largest fossil fuel producers
• Navigating Public and External Debt: A Path to Sustainable Development
• Ending public financing for fossil fuels is critical for Canada’s energy transition.
• ESG double materiality
• Launch of the Development Banks’ Joint Roadmap for Climate-Health Finance and Action
• The 2024 Environmental Performance Index (EPI)
• E-commerce and Plastic Packaging Regulations
• Climate-smart farming shields Zimbabwean farmers from drought spell
• People, Nature and Climate
• Sustainable practices crucial for Africa’s long-term economic growth: PAAC chairman
• The State of the Ocean Report 2024 by UNESCO Ocean
• Understanding the Carbon Border Adjustment Mechanism (CBAM): A Quick FAQ Guide for Companies
• MEPC 81 and MSC 106
• Energy storage is an essential part of South Africa’s future power system. How can the country maximize benefits & solve deployment challenges?
• West African Nations Advocate for Carbon Offset Initiatives
• As the hashtag#G7Italy Leaders' Summit kicks off today in Borgo Egnazia, Italy, our expert Natalie Jones outlines four critical steps the bloc could take to consolidate and strengthen their progress on the energy transition:
• An emerging trend among banks is the provision of green trade finance solutions to their clients. This trend reflects the banking sector’s increasing dedication to fostering environmentally sustainable practices and initiatives.
• Greenwashing in banking sector
• ISS ESG Launches Enhanced Modern Slavery Solution
• A new bipartisan bill, the Americas Act, aims to invest $14 billion in building a domestic circular economy in the U.S. textile sector
• Tokenisation The World Federation of Exchanges has published a report on 'Demystifying Tokenisation Embracing the Future.'
• Addressing the climate challenge is going take all hands on deck.
• The Future of ESG Litigation
• Since 2020, IFC - International Finance Corporation has delivered over $1.5 billion in hashtag#blueloans & hashtag#bluebonds to banks and companies in hashtag#emergingmarkets. Our work grows the hashtag#blueeconomy, reduces marine pollution, and protects healthy waterways for economies & communities
• Unlocking Sustainability: The Power of Blockchain-Driven Digital Product Passports
• As the Summit kicks off on Thursday, hashtag#G7 leaders have a critical opportunity to accelerate the transition away from hashtag#fossilfuels. A failure to do so would be an excuse for inaction from the rest of the world.
• Financial institutions continue to finance climate-damaging activities, but emissions associated with their lending, investments, and underwriting—collectively known as financed emissions—are often missing or underreported in sustainability disclosures.
• Fidelity Investments International has successfully tokenized a money market fund on our Tokenized Collateral Network (TCN), allowing it to be used as collateral. This groundbreaking development, reported by Coindesk, marks a significant step forward in the evolution of blockchain technology in institutional finance.
• Blue Visby trials demonstrate significant reductions in CO2 emissions
• Capturing Carbon, Capturing Value: The Future of CCS Business Models
• Embracing Nature-based Solutions for a Sustainable Future
• Embracing Sustainability: A Guide to Climate Bonds Standard Version 4.0

Events:

• June 13, 2024: Hyperledger Supply Chain & Trade Finance SIG - Farm to Plate
• Sept 9-11, 2024: ASCM Connect 2024, Austin, TX
• Sept 16-18: Linux Foundation Open Source Summit Europe, Vienna, Austria. Includes a "SupplyChainSecurityCon" track.
• Sept 29-Oct. 2, 2024: CSCMP’s EDGE Supply Chain Conference & Exhibition, Nashville, TN
• Feb 10-12, 2025: Manifest, Las Vegas, NV