International Chamber Of Commerce, Perlin Partner To Drive Blockchain Adoption

Blockchain, News | April 11, 2019 By:

The International Chamber of Commerce (ICC) is collaborating with distributed ledger firm Perlin to drive blockchain adoption across its vast membership base.

ICC is the largest, most representative business organization in the world, with more than 45 million member businesses in over 130 countries. It fosters international trade and commerce to promote and protect open markets for goods and services and the free flow of capital. The chamber performs three primary activities: establishment of rules, dispute resolution and policy advocacy.

Perlin has built a practical decentralized privacy-preserving cloud network, which it said “will provide cheap, fast and secure cloud services using the computing power currently sitting idle and unutilized on millions of computers, phones and devices globally.” The platform is powered by the Wavelet Protocol, a protocol developed by Perlin that enables an “ultra-fast directed-acyclic-graph (DAG) distributed ledger capable of over 10,000 transactions per second.” The firm is currently conducting blockchain traceability pilots for major regional businesses, such as Asia Pacific Rayon (APR), the first fully-integrated viscose rayon producer in Asia producing viscose-rayon fibre with its raw material coming from its renewable plantations.

As part of the partnership, the ICC will connect Perlin to its vast member pool, which includes most national chambers of commerce and direct membership from companies including Amazon, Coca Cola, Fedex, McDonalds and PayPal. Perlin will join the ICC as an official technology partner, offering free access to its blockchain platform during the early stages of the project, with an initial focus on practical, efficient and scalable blockchain traceability and transparency systems for value chains.

“The ICC has always been committed to empowering our members to achieve the highest levels of corporate excellence and continuing innovation,” aid John Denton AO, Secretary General of the ICC, “In collaboration with Perlin, which leads the field in blockchain and distributed ledger development, we can help facilitate practical and truly disruptive transformation for businesses across every conceivable industry sector.”

“The Perlin team has always recognized that meaningful blockchain and distributed ledger tech adoption can only be achieved by building tools that are practical, scalable, cost-effective and add substantial value for businesses” said Dorjee Sun, CEO of Perlin, “As the real-world pilots we’re already deploying show, the technology we’ve built meets each of these essential criteria.”