Blockchain technologies can be extremely helpful in banks, insurance, healthcare and the pharmaceutical industry, the supply chain of many sectors (agribusiness, luxury, international trade, distribution, wine, aerospace and automotive), the music industry, energy and real estate. Blockchain can replace most centralized “trusted third parties,” including banking transactions, notaries, land registry, etc., distributed computer systems.
1. Drugs / Pharmacy
Blockchain technology can be used to improve drug integrity. If drugs can be accurately identified and tracked from production to consumption, it can save up to one million lives annually. Because DHL is already working with Accenture to create a serialization system with tracking and tracking based on blockchain technology.
“At the moment, the system already has more than 7 billion unique serial numbers. In addition, the system can now handle more than 1,500 transactions per second,” said Scott Allison, president of DHL, Health.
Alison means more than just the ability of the system. For example, serializing “track and track” should reduce costs, increase security and confidence, and eliminate error-prone data movement. Technology can add additional verified information to an unmanageable item. The inspection is carried out by all participants.
“The system not only meets the world’s requirements for serialization, EVEN THROUGH THEM,” says Allison.
2. Fashion / Fashion
The CGS project allows consumers to track the entire life cycle of clothing. It brings together companies from fashion, clothing and consumer goods to work together. With this solution, consumers no longer need to rely on value in sustainable development. Blockchain technology allows you to track the stability and compliance of clothing
3. Cross-border payments
In developed and underdeveloped countries, access to capital for small food producers is often a major challenge. Binkabi is a cross-border trading platform for agriculture, which opens new positions with the help of a block bridge from Sweet bridge. Therefore, a system of fair trade in goods should be developed.
IBM recently announced a decision by banking banks. This is to make international payments faster and more cost-effective.
4. Food safety
In the area of food safety, IBM works with food manufacturers Dole, Nestlé and Walmart. Thus, data of breeders, suppliers, processors, traders, retailers are available not only to all stakeholders, but also to regulatory authorities and consumers. This way, you can track each transaction and view all food information. Because all members of the food system have access to the blockchain, contaminated food can be quickly removed from the production and supply chain before it reaches the shelf.
The World Wildlife Fund (WWF) “tracks” fish and seafood using blockchain technology. In this project, technology should help combat illegal fishing. However, full traceability of fish and seafood is also of interest to fish wholesalers and retailers because they want the products or brand not to be associated with illegal activities.
“CONSUMERS ARE ALSO ALL SPREADING ON BODY-FRIENDLY FISH AND SEAFOOD, WHICH DO NOT RESPOND TO ILLEGAL FISHERIES,” said Buki Kukak, head of the Tsentra region.
5. Humanitarian crises
Blockchain technology is not only used by companies. Currently, the United Nations uses blockchain technology in 16 areas, including:
· World Food Program (refugee assistance)
· Office for the Coordination of Humanitarian Affairs (funding, protection and control of supply chains)
It is also currently being investigated how blockchain technology could be used to address current issues such as child trafficking, said Mahrin von Schlegel, managing director of the nonprofit embassy 2.0.
As part of the ID2020 public-private partnership, Microsoft and Accenture have announced a partnership. The goal is to provide 1.1 billion people with legal forms of identification and identification using blockchain technology.
In collaboration with Everledger, jewelry company Brilliant Earth intends to use blockchain technology to accurately track the origin of diamonds and other gemstones. This guarantees the processing of only conflict-free stones.