Industries

Food Supply Chain

Food Supply Chain

Blockchain use in traceability systems is predicated on the rapidity of querying the system, the simultaneous capabilities of anonymity and transparency, and the immutable and shared nature of the system. The concern with a centralized system to traceability includes a single point of breakdown, the opacity of such a system, and basis on the trust of the provider.

Blockchain has the potential for disparate parts of the food supply chain to input data into a shared ledger that reaches both ends of the market, from producer to consumer8. Companies can input traceability information while keeping important proprietary or business-competitive information hidden.

Oil & Gas

The oil and Gas industry has transformed itself into a data-intensive industry – artificial intelligence, machine learning and internet of things. With such growth and expansion, distributed ledger technology, commonly known as blockchain, can carry the industry’s transformation forward.

This technology can help the industry to overcome various challenges such as price volatility, supply chain, accounting, data management, and security. It can also help in streamlining various engineering and technical decisions.

Telecom

Telecommunication Industry is in the middle of doing Digital Transformation as it moves towards virtualization, AI, RPA etc. so, adding Blockchain into the equation offers some measurable and quantifiable benefits to CSPs in their day to day current running operations as well as for future readiness.

The blockchain is enabling interoperability between internal and external systems for Telcos. It will enable them to reduce compliance cost, infrastructure cost and enhance security for subscribers from roaming/identity fraud.

Healthcare

Blockchain will greatly modernize the pharmaceutical industry, and it will become the best way to handle certain initiatives that relate to transparency, privacy, and traceability. A greater sense of trust through blockchain and ensuring patients are safer will go far in creating a better relationship between pharmaceutical companies and the public.

Patients want accurate results, and they want to know what they have done is helpful for future research. Using blockchain can make up-to-the-minute data available at any moment for all stakeholders.

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