The Crypto Report
The Port of Rotterdam is partnering with Dutch bank ABN AMRO and the IT subsidiary of Samsung to test blockchain for shipping, as per a Coin Telegraph report.
The goal of the blockchain partnership is to reduce the shipping time and streamline the financial transactions. The current logistics in shipping from China to Rotterdam involves a minimum of 28 parties, according to the Port of Rotterdam Authority’s CFO Paul Smits.
Rotterdam is the largest port in Europe, processing 232.8 million tonnes in the first six months of 2018, according to its port authority.
The blockchain test is expected to begin in January 2019 with the first trial focusing on shipping from an unnamed factory in Asia to the port.
In crypto news, a hedge fund manager is willing to accept payment for his US$16 million Manhattan mansion in Bitcoin, as per a Bloomberg report.
“I’m a big believer in Bitcoin,” said Roy Niederhoffer, the president of R.G. Niederhoffer Capital Management Inc. “I really am so bullish on it, and I want to own more of it.”
Designed by 19th century architect Clarence True, the six-floor mansion overlooks Riverside Park and boasts a sound-proofed library, a curved glass staircase, a home movie theatre, a garden and a lot of natural light.
Niederhoffer said that while he would accept cryptocurrency as payment, he would cover the closing costs in hard currency.
The Cann Report
Cannabis legalization is the law of land in Canada, but a slew of US cannabis companies have been bought up by Toronto-based Cannabis Strategies Acquisition Corp (OTCMKTS:CBAQF).
The special acquisition purpose company will pay C$99 million for cannabis dispensaries and cultivators in Nevada, Colorado and Massachusetts, as per a Marijuana Business Daily report.
READ: CryptoCann™ Report: Ticketmaster uses blockchain to combat ticket fraud; Girl Guide sells every last box of cookies outside Canadian dispensary
The companies scooped up include Washoe Wellness, LivFree Wellness, The Canopy NNV, Sira Naturals and CannaPunch of Nevada.
Cannabis Strategies expects revenue for the five companies to reach C$261 million in 2019.
In lighter news, an Oregon farmer and chef are bringing new meaning to the phrase “pot roast.”
Farmer Dave Hoyle of Moto Perpetuo Farm has been feeding his pigs cannabis, as per an Eater video.
The waste from his cannabis plants account for about one-quarter of the pigs’ diet and is said to be cheaper than commercial-grade non-GMO feed. The farmer adds that the pigs do not get high.
Chef Vitaly Paley’s Imperial restaurant in Portland serves up the cannabis-fed pigs.
“It doesn’t really impact the flavor of cannabis or what we understand that flavor to be. What I do taste is a healthier animal,” said Executive Chef Matthew Jarrell.
Contact Lenore Fedow at [email protected]