Vodafone’s Digital Asset Broker (DAB) has announced a proof of concept in collaboration with Sumitomo Corporation, Chainlink Labs, and InnoWave to improve the US $32 trillion ($50 trillion) global trade system. The initiative aims to simplify the exchange of essential trade documents across various platforms and blockchains, addressing the current disjointed and inefficient system. The proof of concept highlights the potential of integrating DAB-enabled IoT devices with blockchains for secure and reliable data in smart contracts and other advanced applications. During the SmartCon 2023 conference in Barcelona, they showcased a method to prevent cargo delays by smoothly transferring a digital bill of lading across multiple parties and blockchains.
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