Concerns have been raised about the potential of blockchain technology in the financial services industry, beyond crypto asset trading platforms. While initially used for decentralised finance, blockchain has broader applications such as tracking commodities and simplifying information sharing. The financial sector is slowly recognizing the benefits of blockchain, with potential for smart financial contracts and asset tokenisation to improve efficiency and liquidity, although challenges in scaling and energy consumption need to be addressed for widespread adoption.
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Bumble Bee Foods Is Accused of Tolerating Forced Labor in Supply Chain
The lawsuit filed by four Indonesian fishermen against Bumble Bee Foods accuses the company of benefiting from forced labor on tuna ships where workers faced abuse, starvation, and lack of medical care. Greenpeace's findings raised concerns about tainted products in U.S. stores, prompting Bumble Bee to remove misleading claims from its marketing materials. The plaintiffs seek unspecified damages under a law allowing survivors of human trafficking to sue companies complicit in forced labor, shedding light...
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