Afternoon Coffee: IBM Introduces Blockchain Service for Supply Chains, Industrial Production Rises in June


IBM introduced a new platform allowing companies to test blockchain technology in their supply chains. Users of the new service would test blockchains through IBM’s LinuxOne system.

U.S. industrial production grew in June 0.6%, the Federal Reserve reported today. It was the fastest monthly growth rate for industrial production in nearly a year, thanks in large part to an uptick in auto and utility output.

Business inventories in the U.S. also rose more than expected in May. Inventories were up 0.2% for the month, according to the Commerce Department.

The Department of Transportation proposed requiring railroads that transport crude oil to have a comprehensive plan in place for dealing with an oil spill. The proposed rule would hold the rail industry accountable for a significant spill and make them prepare for a “worst-case scenario,” Transportation Secretary Anthony Foxx said.




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