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Blockchain Will Be Added to Reliance Industries

According to CryptoNews Z, blockchain is now being integrated into Reliance Industries documentation process for bills of lading and letters of credit. 

Reliance Industries Limited has announced that it will integrate blockchain in its transportation business by launching blockchain for the Bill of Lading and Letter of Credit transactions. 

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Threat to Supply Chains Real

Pitney Bowes fell victim to a ransomware attack, reports PYMNTS. Which highlights that companies are still not taking the threat to their supply chains seriously. 

When Pitney Bowes, a major logistics service provider, revealed that it had fallen victim to a ransomware attack, it was only the latest case revealing the threat that cyberattacks not only pose to companies, but also to their business partner networks, suppliers and supply chains.

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Bringing Trust Back to the Supply Chain

Blockchain has the potential to bring more trust to the supply chain reports Freight Waves. 

Blockchain is a technology that many people quickly associate with cryptocurrency. Although it initially gained recognition that way, the potential uses for blockchain span much further. 

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