Bitcoin Daily: North Carolina Looks To Blockchain For Economic Boost; S. Korea's LG To Use Blockchain For School Lunch Supply Chain


North Carolina Lieutenant Governor Dan Forest announced the launch of the North Carolina Blockchain Initiative to study the technology, virtual assets, smart contracts and digital tokens.

The initiative will work on creating recommendations that aim to promote opportunities for economic growth and cost efficiencies, as well as strengthen the state as a leader in technological innovation.

“It is my hope to provide a strategy to share with our General Assembly, Department of Insurance, Department of the State Treasurer, and other state agencies that will increase awareness, streamline regulatory oversight, and modernize state government," said Forest in a press release.

Members will include a wide array of experience, knowledge, and expertise including technologists, attorneys, bankers, entrepreneurs, government officials, leaders in the blockchain community and policy analysts. The initiative will be co-chaired by Faruk Okcetin of the North Carolina Digital Economy Hub; Daniel Spuller of the Chamber of Digital Commerce; and Eric Porper of the Warp Institute.

And LG CNS, a subsidiary of South Korean conglomerate LG Corp., has revealed that it is utilizing blockchain technology to support supply chain transparency to help parents make good decisions for the child's school lunches.

The new system, created in partnership with IT service provider SayIT and in cooperation with regional governments, will be based on LG’s proprietary blockchain platform, “Monachain," and will include information such as product production, processing, distribution, acquisition and consumption.

LG CNS added that the platform will also support an advertising system so that food producers can distribute mobile flyers promoting their goods to consumers, according to Cointelegraph.



The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.