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Tag Archives | blockchain use cases

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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How Blockchain Will Boost Global Supply Chains During the Pandemic

With more people shopping online than ever before during the COVID-19 pandemic, blockchain is increasingly becoming a solution to tracking and authenticating goods along the complex and arduous global supply chain. Blockchain is a decentralized digital ledger of transactions that records data in a way that prevents hacking and data altercation. Not only will this […]

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Seven Ways Blockchain Will Strengthen IoT 

The Internet of Things (IoT) is gaining momentum. Between 2014 and 2019, the number of companies using IoT grew from 13% to 25%, according to the consulting firm McKinsey & Company. By 2023, there are expected to be 45 billion connected IoT devices, which will help set the foundation for future smart cities. Despite the […]

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Can Blockchain Help to Stop the Spread of COVID-19?

Many experts fear that using technology like blockchain to track personal health data during the COVID-19 pandemic can threaten personal data privacy in the United States. However, others say the technology can help stop the pandemic’s spread without encroaching on privacy, as long as it’s done correctly.  “The current ethos is to give up all […]

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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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How Businesses and Governments Plan to Invest in Blockchain

Blockchain is starting to take off. As the technology rapidly matures, many governments and businesses are eager to get on board. The recent release of Hyperledger Fabric 2.0, an update of the modular blockchain framework under the IBM Blockchain Platform, marks a significant development in distributed ledger technology. This new version of the protocol features […]

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The Potential of Blockchain for IoT

Earlier last month, Zion Market Research estimated that the global blockchain Internet of Things (IoT) market will become a three billion dollar industry by 2025. Worth $32 million (USD) in 2018, the report puts the industry at a 91% growth rate. As an increasing number of businesses invest in IoT to connect and share data, […]

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Improving Patient Outcomes and Healthcare Efficiency with Blockchain

A streamlined, cost-effective healthcare system requires efficient sharing of information between legacy systems. However, systems storing critical healthcare data often operate in silos. Even worse, they can be easy to hack. A report from BIS Research observes, “Less than 10% of healthcare organizations regularly share medical information with providers outside of their organization. The lack […]

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