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Tag Archives | blockchain applications

automakers-harnessing-blockchain

Why Major Retailers and Automakers Are Embracing Blockchain Solutions

From regulatory compliance to invoicing dilemmas, businesses are dealing with some major headaches – and turning to blockchain for a cure.  Among these businesses are automakers harnessing blockchain technology. In May 2021, French automaker Renault announced it had created a new blockchain solution to ensure European auto industry components are in compliance with new regulations […]

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blockchain-solve-supply-chain

Can Blockchain Solve Global Supply Chain Chaos?

The COVID-19 pandemic triggered a dramatic shift to digital transformation as millions of employees began to work from home. Now, with pandemic disruptions suppressing global supply chains; manufacturers, ship operators and importers are switching from paper to digital transactions using blockchain technology, reports Enda Curran in Bloomberg. As discussed in a previous post, blockchain is […]

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How Blockchain Will Revolutionize Healthcare 

From patient-centric hospital networks to higher quality medicine, blockchain technology is revolutionizing healthcare in a number of ways. As discussed in previous posts, blockchain is a decentralized digital ledger of transactions that records data in a way that prevents hacking and altering of data by duplicating transactions and dispersing them to “nodes” across the network.  […]

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healthcare-industry

Three Ways Blockchain Will Revolutionize the Healthcare Industry 

Today’s healthcare industry is plagued by outdated record keeping systems that are difficult to manage and protect. Blockchain technology is expected to dramatically improve this system. As we discussed in previous posts, blockchain is a decentralized digital ledger of transactions that records data in a way that prevents hacking and altering of data by duplicating […]

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food-supply-chain

Four Ways Blockchain Can Enhance Global Food Supply Chains

Improving transparency and security, preventing fraud, and reducing errors along supply chain routes are just a few of the ways blockchain can help businesses thrive. Perhaps the biggest benefit of all is the amount of time and money blockchain can save companies while boosting trust and customer loyalty. “We see a major application of blockchain […]

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blockchain-and-iot-applications

Why the Future Internet of Things Depends on Blockchain

The Internet of Things (IoT) has the power to connect all devices through a cloud-based ecosystem. In the future, it could potentially undergird the infrastructure of smart cities in order to make communications far more streamlined and efficient than they are today. However, a major obstacle for IoT is that it still depends largely on […]

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Three Major Ways Blockchain Can Boost Supply Chains 

The supply chain industry is filled with obstacles, particularly when it comes to the logistics of getting goods and materials from one place to another. Current supply chain systems are laden with paperwork and the headache of unanticipated problems that arise in daily operations. Increasingly, experts see blockchain technology as a potential solution to simplifying […]

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blockchain-transform-healthcare

How Blockchain Can Transform Healthcare

Blockchain technology is poised to rapidly transform healthcare worldwide. Over the next seven years, the technology is estimated to undergo a 70% compound annual growth rate in healthcare due to growing data breaches in the industry, found a recent TechSci Research report. North America should see the highest demand, according to Karan Chechi, Research Director […]

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