What Does Blockchain Technology Do to the World?

Blockchain technology can help banks, the insurance, health and pharmaceutical industries, the supply chain of many sectors (agribusiness, luxury, international trade, distribution, winemaking, aeronautics and automobiles), the music industry, energy and real estate. Most of the blockchains are centralized “trusted third parties” with distributed computer systems such as banking, notaries, land registry, etc. Can replace.

1. Medicines / Pharmacy

Blockchain technology can be used to improve drug integrity. Drugs can save the lives of up to a million people every year if they can be accurately identified and tracked from production to consumption. DHL is already working with Accenture to build a tracking and tracking serialization system based on blockchain technology.

“Currently, the system already has more than 7 billion unique pharmacy serial numbers. In addition, the system can handle more than 1,500 transactions per second,” said Scott Allison, DHL’s Chief Health Officer.

Allison doesn’t just consider the capabilities of the system. For example, tracking and tracking serialization should reduce costs, increase security and trust, and eliminate error-based information flow. The technology can add additional verified information that is not manipulated to the element. Evaluation is carried out by all participants.

“THE SYSTEM COMES TO THEIR MONEY JUST BECAUSE THEY REQUIRE GLOBAL SERIALIZATION,” says Allison

2. Fashion / Fashion

The CGS project allows consumers to track the entire life cycle of a garment. It brings together companies in the fashion, apparel and consumer goods sectors to work together. With this solution, it is not necessary to blindly rely on the value of consumers in the mode of sustainability. Blockchain technology allows you to track the durability and fit of a garment

3. Cross-border payments

In developing and underdeveloped countries, access to capital is often a major challenge for small food producers. Binkabi is a cross-border agricultural trading platform that creates a new foundation with the help of a block bridge solution from the Sweet Bridge. Thus, a system for fair trade must be developed.

IBM recently announced a blockchain banking solution. It is designed to make international payments faster and more profitable.

4. Food safety

In the field of food safety, IBM works with food manufacturers Dole, Nestlé and Walmart. Thus, the information of growers, suppliers, processors, traders, retailers is provided not only to all parties involved, but also to regulators and consumers. Thus, each operation can be tracked and all information about the dishes can be viewed. Because all members of the food system have access to the block chain, contaminated food is quickly removed from the production and supply chain before it reaches the shelf.

The World Wildlife Fund (WWF) is monitoring fish and seafood using blockchain technology. In this project, technology should help fight illegal fishing. However, the full traceability of fish and seafood is also of interest to fish wholesalers and fish sellers as they want to prevent their products or brands from being linked to illegal activities.

Bubba Cook, WWF’s West Central Pacific Tuna Program Manager, says, “CONSUMERS ARE FULLY FOLLOWING FISH AND SEASONS THAT ARE NON-ILLEGAL FISH.”

5. Human Crises

Blockchain technology is not only used by companies. The United Nations currently uses blockchain technology in 16 areas, including:

· World Food Program (Refugee Assistance)

· Humanitarian Coordination Office (monitoring of donor funding, protection and supply chains)

In addition to Mahrinah von Schlegel, Managing Director of Nonprofit Embassy 2.0, it is currently being explored how blockchain technology can be used to address existing challenges such as child trafficking.

ID2020 has announced a partnership between Microsoft and Accenture as part of a public-private partnership. The goal is to give 1.1 billion people an identity and a legal form of identity using blockchain technology.

6. Jewelry

In partnership with Everledger, the jewelry company Brilliant Earth intends to use blockchain technology to accurately track the origin of diamonds and other stones. This only ensures the processing of conflict-free stones.

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