Barclays, Standard Chartered and other banking giants join the blockchain-based supply chain pilot project

Several major banks, including Barclays and Standard Chartered, have joined pilot projects using blockchain technology to improve the sustainability of global supply chains. BNP Paribas and the Dutch Cooperative Bank also participated in the experiment, in addition to Sainsbury's, Unilever and the University of Cambridge's Sustainable Development Leadership Institute (CISL). The so-called Trado model was piloted in small tea farmers in Malawi, who will enter social or ecological data into the blockchain and receive a certain economic reward in return.