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SAP Adopts Blockchain

Software firm SAP will use blockchain in some of its supply chains, reports Coindesk. Specifically, SAP will use blockchain in the agriculture sector.

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Teenage Truckers, Solution to Nation’s Shipping Woes?

Lawmakers on Capitol Hill have proposed a way to ease America’s urgent shortage of long-haul truck drivers: allow certified teenage drivers to cross state lines in their 18-wheelers. DRIVE-Safe (Developing Responsible Individuals for a Vibrant Economy Act), from Reps. Duncan Hunter (R-Calif.) and Trey Hollingsworth (R-Ind.), would scrap a federal rule that bans drivers under 21 from transporting goods outside the state where they’re licensed, lowering the legal age to 18.1 “This legislation,” said John Kearney, CEO and President, Advanced Training Systems, “will help train drivers to a level far and above current licensing standards. It creates opportunity while reinforcing a culture of safety.”

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eCommerce Sales Grew 16% in 2017; Online Fraud Soared 30%

According to U.S. Census Bureau data, eCommerce sales climbed to a record high of $453.5 billion in 2017, representing a 16% increase over the previous year.(1) However, recent Experian reports revealed that online shopping fraud rose 30% year over year,(2) and 63% of businesses acknowledge they are experiencing the same or more fraud than a year ago.(3) Chargebacks911, a leading dispute mitigation and loss prevention firm, warns that rising card-not-present (CNP) fraud could offset revenue gains unless merchants take proactive steps to identify, prevent and control it.

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