Blockchain technology can help a lot in banks, insurance, healthcare and the pharmaceutical industry, the supply chain of many industries (agribusiness, luxury, international trade, distribution, wine, aeronautics and automobiles), the music industry, energy and real estate. Blockchains can replace most centralized "trusted third parties", including banking transactions, notaries, land registration, etc. With distributed computer systems.
1. Medication / Pharmacy
Blockchain technology can be used to improve the integrity of the drug. If drugs can be clearly identified and tracked from production to consumption, it can save up to a million lives each year. Because DHL is already working with Accenture to create a system for sequential transfer of tracks and tracing based on blockchain technology.
“At the moment, the system already has more than 7 billion unique serial numbers in the pharmaceutical industry. In addition, the system can now process more than 1,500 transactions per second, ”said Scott Allison, president of DHL, Healthcare.
Allison is not only system capable. For example, serializing tracing and tracing should reduce costs, increase security and confidence, and eliminate the movement of error data. This technology can add to the information being checked additional controlled information that cannot be manipulated. The check is carried out by all participants.
“THE SYSTEM NOT ONLY MEETS GLOBAL REQUIREMENTS FOR SERIALIZATION, IT EVEN HAS THEM,” says Allison.
2. Fashion / Fashion
The CGS project allows consumers to track the entire life cycle of a garment. It brings together companies from the fashion sector, clothing and consumer products for collaboration. With this solution, consumers no longer need to explicitly blindly monitor value in terms of sustainability. Blockchain technology allows you to track the stability and compliance of the garment
3. Cross-Border Payments
In developing and underdeveloped countries, access to capital for small-scale food producers is often a big problem. Binkabi is a cross-border agricultural trading platform that opens up new horizons with the help of the Sweet Bridge block bridge solution. Thus, an equitable commodity trading system should be developed.
IBM recently announced the release of a block banking solution. This is intended to make international payments faster and more economical.
4. Food safety
In the field of food safety, IBM is working with manufacturers of products Dole, Nestlé and Walmart. Thus, data are available to breeders, suppliers, processors, traders, retailers, not only for all parties involved, but also for jurisdictions and supervisor consumers. Thus, each transaction can be traced, and all food information can be viewed. With all members of the food system having access to the block chain, contaminated food can be quickly removed from the production and supply chain before it reaches the shelf.
The World Wide Fund for Nature (WWF) "tracks" fish and seafood using blockchain technology. In this project, the technology should help in the fight against illegal fishing. However, complete traceability of fish and seafood is also of interest to wholesalers of fish and fish retailers, as they want to prevent their products or brands from being involved in illegal activities.
“CONSUMERS ALSO INCREASED SLANDING FOR FULLY TRANSPARENT FISH AND SEAFOOD WHICH ARE NOT ANY OF ILLEGAL FISHING,” says Bubba Cook, manager of the West-Central Pacific Ocean WWF program.
5. Humanitarian crises
Blockchain technology is not only used by companies. Currently, the United Nations uses blocking technology in 16 areas, including:
· World Food Program (Refugee Assistance)
· Office for the Coordination of Humanitarian Affairs (donor funding, supply chain security and monitoring)
In addition, the question of how blockchain technology can be used to solve current problems, such as child trafficking, is being studied, according to Mahrin von Schlegel, managing director of the non-profit Embassy 2.0.
Within the framework of public-private partnership ID2020, Microsoft and Accenture announced a partnership. The goal is to provide 1.1 billion people with a legal form of identification and identification using blockchain technology.
6. Jewelry
In collaboration with Everledger, the jewelry company Brilliant Earth intends to use blockchain technology to accurately track the origin of diamonds and other gemstones. This ensures that only conflict-free stones are processed.
