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Ethereum

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The Commonwealth Bank of Australia (“CommBank”) (Australia’s largest bank by market capitalisation) has recently confirmed that they have successfully applied blockchain and internet of things technology to a global trade shipment involving 17 tons of almonds. The almonds were shipped from Sunraysia, Australia to Hamburg, Germany. The other companies involved included the Port of Melbourne, Pacific National and Olam Orchards Australia Pty Ltd. CommBank used the Ethereum blockchain for the experiment because of its large…