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EEA Virtual Event

In the middle of the COVID-19 pandemic the EEA events are not happening physically in New York City, that is why today it took place the First Ever Virtual Event.

It was a half-day event to explore blockchain applications, technical insights, reference architectures, and practical business use cases. Our teams connected remotely from New York, Buenos Aires and Montevideo.

The content of the event covered everything from the state of Ethereum in the enterprise to the growing use of the Ethereum Mainnet for business process automation.

The topics included among others:

  • The State of Enterprise Ethereum Adoption
  • Use Cases Built on Ethereum Mainnet
  • Baseline Protocol
  • Ethereum Adoption Tracks
  • The Enterprise Blockchain Technology Stack and Roadmap
  • Ethereum in Finance
  • Community: Through the Lens of the Ethereum Foundation
  • Blockchain for Social Impact

Speakers from many global companies included Banco Santander, BP, EY, Microsoft, JP Morgan, Ethereum Foundation, ConsenSys, Chainlink, Unibright, Fnality, Envision Blockchain Solutions, PegaSys, Provide Technologies and LimeChain.

The networking platform worked very well and we had the opportunity to interact and meet colleagues in the community.


ZirconTech team has been working for several years with the Ethereum platform, and has been keeping up to date with enterprise customer demands by developing competencies and implementing projects in Quorum and Hyperledger Besu.

Quorum is a platform developed by J.P. Morgan through its Blockchain Center of Excellence, leading efforts for Distributed Ledger Technology applications. It is an enterprise blockchain platform, a fork of the public Ethereum client ‘geth’ with several protocol level enhancements to support business needs. The primary purpose of the Quorum project was to develop an enterprise Ethereum client which empowers businesses to embrace and benefit from blockchain technology.

Hyperledger Besu is an open-source Ethereum client developed under the Apache 2.0 license and written in Java. It runs on the Ethereum public network, private networks, and test networks such as Rinkeby, Ropsten, and Görli. Besu implements Proof of Work (Ethash) and Proof of Authority (IBFT 2.0 and Clique) consensus mechanisms.

The welcome of the event to the state of Enterprise Ethereum Adoption was from John Whelan, (Banco Santander) and Yorke Rhodes III (Microsoft). John highlighted the 5th birthday of Ethereum Mainnet as the day of the event. He is the Chairman of the board of EEA, and te Managing Director of Digital Investment Innovation at Banco Santander.

Maria Concepcion (Coty) de Monteverde, from Banco Santander spoke about Finance applications, the Digital Bonds issuance on the Ethereum Mainnet. She is the Blockchain Center of Excellence Director in Santander, and is a Board Member at the Alastria Blockchain Ecosystem.

More finance applications with Ethereuem came from Christine Moy (J.P. Morgan), Artem Korenyuk (DTCC); Valerie Dahiya (Perkins Coie LLP) and Adam Clarke (Fnality).

Vanessa Grellet from ConsenSys addressed the topic of Blockchain for Social Impact, talking about Payments and Financial Inclusion.

Earlier on July 8th, the Enterprise Ethereum Alliance announced the appointment of Dr. Daniel Burnett as Executive Director, who was instrumental in the rollout of the Baseline Protocol, and is a former PegaSys Blockchain Standards Architect. During the event, EEA Chairman John Whelan hosted a fireside chat with Daniel “Dan” Burnett. Dan will serve as a catalyst for the EEA’s growth by identifying ways to accelerate the pace of Ethereum innovation and adoption.


This month was also published some key ecosystem results like the Ethereum Mainnet Use Case Analysis v1. The EEA published the first analysis in a series of reports focused on the current state of the Ethereum ecosystem and utilization of the Ethereum public blockchain (Mainnet) –

2020 has been a year of remarkable enterprise Ethereum advances from the Baseline Protocol to enterprise Mainnet use cases in automation, business integration, finance, supply chain, and sustainability-focused carbon accounting efforts”. Daniel Norkin at Envision Blockchain and Tas Dienes at the Ethereum Foundation worked in tha analysis. The insights play a key role to Ethereum adoption and utilization. Stefan Schmidt at Unibright, Mark Caraway at BlockApps, and John Wolpert at ConsenSys also provided valuable contributions to this report.

Global Share EdoxOnline Blockchain Electronic Bill of Lading eBL grain exports Argentina Chile

In the midst of the complications that the coronavirus presents for the trade of products linked to agriculture, Argentine developments facilitates the electronic transmission of documents through the digitization of processes represent a great advantage, and are already being used by firms like Cargill, Bunge and Dreyfus. In COVID-19 times, this application aims to avoid obstacles to the agricultural trade

Global Share is a company dedicated to the continuous improvement of business processes, providing innovative solutions to companies to add up value and competitive advantage by improving their processes productivity. One year ago, Global Share announced a major milestone in EdoxOnline history, the brand new development for the preparation, issuance, signing, transmission, negotiation and presentation of the electronic Bill of Lading (e-BL). ZirconTech has been a key partner implementing blockchain technology in the solution architecture in 2018-2019.

Buenos Aires, April 3rd, 2020.

The synergy between state of art technology and professional experience in supply chains, logistics and commercial networks, allows Global Share to offer a spectrum of tools and optimization solutions to improve processes.One year ago on April 2019 Global Share announced the incorporation of blockchain technology to the e-BL platform to position edoxOnline (www.edoxonline.com) to the top podium category of companies providing such functionality running within full and extreme security capabilities.

Global Share therefore confirmed its leadership in the agribusiness industry, and has been determined to reach out to the horizon stated in its Vision by adding innovative solutions that help customers receive important benefits as a result of the streamlined processes that these innovations produce.

“The unloading of bulk carriers in China -one of the three largest trading partners of Argentina along with Brazil and the United States- requires the presentation of documentation by the importer, particularly the Bill of Lading (BL), to the carrier and local customs. In the international trade industry to achieve the authorization of the unloading -in the vast majority of cases-, you must send the documents via courier from the exporting country to the destination country, where the importer files to claim ownership of the cargo, either bulk commodities or containerized products”, says a report by Global Share.

Then it notes that the coronavirus “makes visible the problem of delivering paper documents in a complex and global supply chain” and highlights that “the absence of documents is causing significant congestion in the main ports of the Asian giant, and consequently generating logistics costs for delays “

According to the report, the penalty for delay in unloading large ships averages $ 30,000 a day.

“While it is unfortunate that these situations have to bring to light the benefits of electronic document transmission, we hope that the industry as a whole will continue to adopt digital processes to facilitate global trading,” said Alejandro Pernias, CEO of Global Share. .

EdoxOnline reportedly recently released the first ever electronic bill of lading with blockchain technology. “It allows a Chinese importer, or any country in the world, to present the necessary documentation to release their cargo in front of the carrier and customs authorities,” he said.


The blockchain based Bill of Lading (e-BL).

Solutions such as the electronic Bill of Lading (e-BL), electronic Phytosanitary Certificate (e-Phyto) and electronic Origin Certificate (e-OC) have been embracing the International Trade of Commodities, thus helping all trading companies go paperless, as they also streamline the whole shipping documents issuance process. On June 11th 2019, the IG (Group of Protection & Indemnity insurance Clubs) approved Global Share S.A. edoxOnline platform. The legal frameworks for this new generation of eBL providers’ systems were scrutinised by the IG to ensure that eBLs created on them are capable of performing the three functions of a bill of lading, namely as a receipt, a document of title and a contract of carriage. Liabilities arising in respect of the carriage of cargo under eBLs created on these systems are now covered by the IG Clubs as if the bills of lading had been issued in traditional paper form.

The key difference with this second generation eBL systems is their reliance on blockchain technology.  Unlike three years ago, blockchain is today no longer just a buzzword but has many real applications.

A blockchain may be a public or a private digital network used for recording transactional events in encrypted form, storing the same in a distributed ledger (i.e. the computers).  A private blockchain network can feature a level of centralization. Access is limited by a governing body to a number of participants only.  Public blockchain networks however run on thousands of computers and do not have a ‘central administrator’.  It is not possible to shut down, block or limit access to a public blockchain network. edoxOnline’s product is based on the Ethereum blockchain; the best known public blockchain which also enables the use of smart contracts. 

The publicly distributed ledger contains a permanent record of all transactions, providing transparency and enabling auditability of all events. Without a central registry, there is no central point of attack for hackers.

edoxOnline is the first eBL system created implementing blockchain technology. The company was set up in 2007 by a group of international trade experts to provide the industry with a collaborative digital platform to streamline the issuance of shipping and commercial documents. On edoxOnline’s system, all the participants to a trade, from shippers to customs agents, interact in real-time, reliably, efficiently, and in a secure manner.

ZirconTech helped Global Share in the implementation of the solution that tracks the changes in the documentation over time and ensures tamper proof and no possibility of modifying the information of the same. ZirconTech proposed to identify the documents through hashes (SHA256) and then leave the same “notarized” in the Ethereum blockchain using a document ID and the mentioned hash. Each change in the document is registered using the corresponding ID and hash update. For this project a smart contract was developed using Solidity and an API using NodeJS.


How does edoxOnline work?

From a user interface perspective, this blockchain based system look very similar to first generation eBL providers approved by the IG but the way in which it works differs. The system encrypt and store all the data associated with the eBL, i.e. the parties involved, their status and the transactions, on a blockchain decentralised network each time a new transaction is performed. Users registering to use the system are deemed to have accepted, and thus be bound by, the terms and conditions of these providers’ multilateral agreements.

Significantly, the service provider running the network is not a principal to the transaction and has no access to the users’ information, ensuring privacy for the users.

The system otherwise shares the following similarities with first generation eBL providers:

• The system replicates the process flow and roles performed by the paper BL.

• It has a legal framework governing the use of the system. Users agree to treat electronic documentation within the system as the functional and legal equivalent of paper documents, and undertake not to challenge the validity of any transaction or communication made on the ground that the same was made in e-form, instead of in paper form and/or that it is not signed or sealed. The legal framework is a multilateral agreement between all users and between each user and the system provider.

•  The legal framework for edoxOnline comprises of its “e-BL Terms and Conditions”, version 1, dated 18 May 2018, accompanied by its Management User’s Guide. 

• edoxOnline relies on the principle of novation to transfer rights and obligations. The parties contractually agree that there is a novation of the contract of carriage each time the eBL is transferred from one holder to the next. On a transfer, the rights held by the transferor are extinguished. The transferee takes those rights instead and becomes a party to the contract of carriage, allowing him to sue the carrier under the same terms originally agreed between the carrier and the shipper.

• edoxOnline also relies on the principle of attornment to enable the new holder of the eBL to obtain title in the goods. The users agree in advance under the terms and conditions that there will be an attornment each time the eBL is transferred.

•  The system is accessed via apps and users do not need to invest in special hardware.

•   The eBL created on the system can be sent in draft form for approval between the shipper and the carrier, and can also be passed back and forth between holders in this way if, for example, amendments to the document need to be made. Like a paper BL however, there can only be one holder of an eBL at any time. 

•  The system also offers the possibility to create and to transfer other trade documents such as cargo certificates, invoices, packing lists, etc.

•  The system has procedures for switching eBLs to paper BLs at any point in the transactions.

•   The system is regularly tested against all forms of cyber attacks, and the providers have insurance for cyber risks and professional E&O risks.

•   edoxOnline is free for carriers to use.

Global Share was confident that the edoxOnline electronic Bill of Lading (e-BL) would meet its customers’ expectations and business needs, going paperless and efficient, and has become a reality.

The UK P&I Club is one of the oldest P&I clubs in the world and has released a report highlighting the benefits of EdoxOnline. The UK P&I Club provides Protection and Indemnity insurance in respect of third party liabilities and expenses arising from owning ships or operating ships as principals.  One of the largest mutual marine protection and indemnity organisations it insures over 240 million tonnes of owned and chartered ships from more than fifty countries across the globe. The UK P&I Club gives security with its A (Stable) Standard & Poor’s rating and accessibility with a claims service on hand in 350 ports. 

About Zircon Tech:

A trusted partner that helps organizations thrive in their digital transformations. Mobility, internet of things, artificial intelligence, big data, cloud computing and blockchain technologies.

Contact Information:

E-mail: contact@zircon.tech

Phone: +1 347-571-9089 / +54 911-5755-4198

Twitter: @zircon_tech

Web: www.zircon.tech

Buenos Aires, Argentina

Montevideo, Uruguay

New York, United States

Santiago, Chile

References and sources:

Global Share announces the launch of Electronic Bill of Lading under Blockchain technology

Zircon Tech helps Global Share to launch Electronic Bill of Ladings using blockchain technology

Argentina: ZirconTech encourages the use of blockchain technology for electronic shipping invoices

https://es.cointelegraph.com/news/argentina-zircon-tech-promotes-the-use-of-blockchain-technology-for-electronic-shipment-invoices

Coronavirus: local development aims to avoid obstacles to the agricultural trade

https://www.lanacion.com.ar/economia/campo/coronavirus-desarrollo-local-apunta-evitar-trabas-comercio-nid2336613

Electronic Bills of Lading – An Update Part I

https://www.ukpandi.com/knowledge-publications/publications/article/electronic-bills-of-lading-an-update-part-i-151842/

March 6th, 2018

The second EEA NYC Meetup took place at Fordham University McNally Amphitheatre, 140 West 62nd Street New York. The meeting explored how blockchain technology is being used to increasingly automate legal agreements, issues related to enforceability of smart contracts, machine-to-machine contracting, and whether existing laws like the E-Sign Act, ESRA and UETA are sufficient to address enforceability concerns.

The event was moderated by Vanessa Grellet, Executive Director of Strategy, Enterprise & Social Impact at ConsenSys.

Blockchain technology is useful for more than just simply digital currencies like Ether and Bitcoin. Relying on a blockchain, parties can also deploy autonomous smart contract programs, which can be used to model all or parts of formal legal agreements.

These topics were addressed by Stuart D. Levi, co-head of Skadden’s Intellectual Property and Technology Group; David M. Adlerstein, counsel in the Corporate Department at Wachtell, Lipton, Rosen & Katz; and Andrea Tinianow, Chief Innovation Officer for Global Kompass Strategies.

Andrea Tinianow conceived and was the founding director of the Delaware Blockchain Initiative which gave rise to the “Blockchain Amendments” to Delaware’s General Corporation Law. These amendments expressly authorize corporations to issue and maintain their stock ledgers on a blockchain. Andrea is a member of the global Wharton RegTech think tank. She is also an advisory board member of the Weinberg Center for Corporate Governance at the University of Delaware. In 2017, MarketsMedia awarded Andrea its “Women in Finance Award” for Excellence in Blockchain.

ZirconTech has started a process of evaluation and testing all emerging blockchain based legal technologies, and this was again another great opportunity to interact with the key global lines of development.

Later was the case of Amberdata demonstration, where they showcased the product. Amberdata commented about the customer pain points and argued that everyone needs transparency into the state and health of blockchain infrastructure, applications and transactions. That means no operational instrumentation, no monitoring, alerting, search or insights, and no visibility into scalability, availability and throughput. There are unique challenges operating decentralized.

Trail of Bits discussed the case Manticore, the smart contract analysis. It uses symbolic execution of EVM to deeply explore possible contract states across multiple transactions and contracts. It discovers functions directly from bytecode, detects contracts flaws like int overflows, uninitialized memory and storage usage, among other features. It also verifies customized program assertions. Manticore is open source and can be found at https://github.com/trailofbits/manticore

As a second initiative, Trail of Bits introduced Echidna, a smart contract testing solution. It uses fuzzing and input generation to generate and execute many contract inputs and generate intelligent grammar based inputs. Echidna seamlessly integrates into developer workflows, runs thousands of generated inputs per second, and reduce test cases for easier manual analysis.

Mark Mossberg, Security Engineer in Trail of Bits

Mark Mossberg, a Security Engineer in Trail of Bits, recommended the following steps if you are developing a smart contract:

  • Review Not so Smart Contracts
    • Trail of Bits database of insecure Solidity code
    • Ensure your team learns from others mistakes
  • Run Slither on every new code checkin
    • Static analyzed/bug checker for Solidity
  • Write Echidna tests for new features
    • Solidity smart fuzzer/testing framework
    • Aim for 80% coverage or higher
  • Run Manticore for final verification
    • EVM analysis and verification tool
    • Discover any dangerous, obscure states

Alethio introduced its platform to capture and synthesize block data in real-time, presenting relevant information via clear and accessible dashboards. It uses data science & semantic modeling so users can clearly see what matters to them. Includes features like advanced block explorer, intuitive user interface, meaningful visualizations, real-time alerting, account timelines and smart contract analytics.

October 20th, 2017

It took place the first EEA NYC Meetup at Fordham University McNally Amphitheatre, 140 West 62nd Street New York. A brief update on the exciting things happening at EEA (Enterprise Ethereum Alliance) and working demos of products from members showcasing the results of the alliance’s work.

The event was moderated by Vanessa Grellet, Executive Director of Strategy, Enterprise & Social Impact at ConsenSys.

J.P. Morgan and Zcash publicly showcased for the first time the latest version of Quorum. The new features included the Zero-knowledge Security Layer that allows for cryptographically assured private settlement of digitized assets on Quorum.

ConsenSys introduced OpenLaw, demonstrating tools to begin managing large and complex legal transactions on a blockchain. OpenLaw showed how you can execute multiple legal agreements using blockchain technology and trigger the execution of multiple smart contracts, including smart contracts to transfer ether every minute and to transfer tokenized stock on a vesting schedule. ZirconTech is evaluating all emerging blockchain based legal technologies, and this was a great opportunity to interact with one of the key global lines of development.

The we had the opportunity to see Datarella, which developed for the United Nations World Food Programme an Ethereum based asset management and payment system to distribute aids. The system has been in use in the field for half a year. Building and deploying real-world applications shows us how important it is to push the blockchain to enterprise maturity.

Then we had more from the Brooklyn based ConsenSys, in this case they presented an overview of the user-centric uPort identity system and how it is currently being used today by ConsenSys Academy and governments around the world for projects, such as government attestations and document notarization. TuPort showcased functionalities like the ability to sign Ethereum transactions, manage attestations, and sign documents.

Finally, presented by TruSet’s Co-Founders, Tim Rice and Will Janensch, a demo showcased how member nodes can publish, validate, reach consensus, and consume a bond reference data record on the Ethereum blockchain.