If you think a lot of talk about blockchains is garbage, it’s only fitting to let you know that some of it is. Yet another use for blockchain technology has been revealed, and that’s to help us clean up our act. Literally. The superstar technology that’s putting food on the tables of the poorest households is also ensuring efficient waste disposal. Or at least, it soon could be. Every year, humans produce more than 2 billion tons of waste, and most of it ends up sitting around in landfills, or infiltrating the earth and polluting the oceans. Waste disposal isPowered by WPeMatico
We tend to associate blockchain tech with cutting-edge developments. With creating entirely new opportunities or revolutionizing existing systems beyond all recognition. Connecting the world, wiping out poverty, eradicating fraud, even taking to the skies – they are just a handful of the uses for this wonder tech. But blockchain can be applied to traditional industries as well, not to shake them up, just to make things better. And that’s finally starting to become a reality in oil and gas. In a well-established, slow-to-change industry, it may be surprising to hear that oil and gas is at last adopting blockchain. Yet that would be
IBM has partnered with some of the top companies in the gold and diamond industries on a cross-industry blockchain initiative meant to trace the origin of finished jewelry. The initiative, which was announced via a blog post by the New York-based tech giant, is intended to introduce transparency to an industry that has witnessed an increase in counterfeit jewelry, and brings together five of the most prominent names in the industry. The initiative will track the precious metals as they move through every stage of the supply chain until they become finished pieces of jewelry. TrustChain Initiative TrustChain Initiative will be
Blockchain technology has been touted as the long-needed antidote to the poison that is counterfeit drugs, and the Indian government is exploring its potential through its national policy think tank, NITI Aayog. Fake drugs are a huge problem in India, a problem which is growing every day. Blockchain technology could bring an end to this scourge that has led to many serious health complications and, in some instances, death. Proof Of Concept The National Institution for Transforming India (NITI) is looking to have a proof of concept solution completed by the end of the year and roll it out beginning next year.
The benefits of blockchain technology in supply chain management are immense, as discussed in part two of this series. This is why the number of companies exploring blockchain solutions has risen steadily for the last couple of years. With this rise, a need for startups that develop customized blockchain supply chain solutions has also arose, and the challenge has been accepted by developers worldwide. With some startups focusing solely on specific aspects of the supply chain such as data availability and automation of processes, others have offered an all-encompassing suite of products that cater to the industry in general. Skuchain This
Walmart, AmerisourceBergen, JD.com, UPS, FedEx, Maersk and many other global giants in the supply chain industry have begun exploring the blockchain to solve their supply challenges. From automation to efficiency and speed, the benefits of doing so have been immense. However, these benefits are not uniform in every field, and neither are the blockchain solutions being pursued. Autonomy Through Smart Contracts Smart contracts have been revolutionary and are transforming many industries including insurance and legal services. The supply chain industry is benefiting as well, with smart contracts making autonomy a reality. The supply and distribution industry has tedious and time-consuming
Blockchains are being explored by many industries, from cloud storage and healthcare to insurance and legal services. The supply chain management industry hasn’t been left behind, and it’s leading the world in research and development of blockchain technology to solve some of the challenges that have plagued this industry for so long. But how exactly will blockchains impact the supply chain industry, and will they finally bring an end to inefficiencies in this sector? THE HISTORICAL CHALLENGES To understand why the blockchain is a godsend for supply chain management, one has to understand the challenges faced by the industry. Top among them is
Coming up with more use cases for blockchain technology is not necessarily difficult, although not every use case requires a distributed ledger either. For quite some time now, we have seen interesting synergy between the blockchain and precious metals industries. Emergent Technology Holdings wants to encode the gold supply using blockchain technology later this year. That’s a very ambitious goal, although one has to keep the big picture in mind at all times. Embedding Gold on a Distributed Ledger It is quite an ambitious goal by Emergent Technology Holdings, to say the very least. No one expected anyone to digitize gold using
Singapore – Singapore based Blockchain Technology Company, XinFin that focuses on blockchain protocol development to power larger enterprises to create real world use cases by tokenizing various physical assets and powering a global peer-to-peer trade and finance platform called tradefinex.org has successfully conducted its initial coin offering (ICO) recently. The company raised $15 million USD equivalent digital assets, which is a sign of great confidence from global user base towards the fastest growing blockchain based ecosystem.
Blockchain technology can make a big impact on our society in many ways. Especially when it comes to supply chains, there is a lot of progress to be made. Ambrosus aims to do exactly that, as it plans to combine sensors, blockchain technology, and smart contracts to offer quality food and medicine. What is Ambrosus Exactly? Ambrosus is quite an intriguing project which envisions very different use cases for blockchain technology and smart contracts. It aims to transform global supply chains by creating a trusted ecosystem where entire product histories can be recorded in a transparent manner. Additionally, its chain will be capable of supporting