Foxconn Subsidiary Debuts Blockchain-Powered Supply Chain Platform
A subsidiary of one of largest electronics manufacturers has partnered on the launch of a new blockchain-based supply chain finance platform.
Taiwan-based electronics giant Foxconn is to help develop and build a blockchain phone from Sirin Labs, a news report indicates.
Abra founder Bill Barhydt now envisions that bitcoin micropayments and smart contracts, combined with IoT, can underpin a new type of consumer credit.
Identity startup Cambridge Blockchain closed a $7 million Series A funding led by HCM Capital, the investing arm of Foxconn Technology Group.
A blockchain partnership spearheaded by Foxconn could have ripple effects for global supply chains and lending, CoinDesk's Noelle Acheson argues.
The giant tech manufacturer is now in the blockchain business, seeking to speed up financing for its many thousands of suppliers.