Today’s healthcare industry is plagued by outdated record keeping systems that are difficult to manage and protect.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 […]
Contracts have long created headaches for the business community. Traditionally authorized by third parties such as banks and courts, business contracts can be expensive and time consuming, in addition to often ending in disputes — or even lawsuits. However, blockchain technology and the Internet of Things (IoT) could allow for “smart contracts” that eliminate the […]
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 […]
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 […]
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 […]
Modern healthcare data systems are contained in disparate and disconnected information silos in doctors offices, hospitals, pharmacies, laboratories, and mobile devices. The information is so segregated that it often prevents healthcare providers from providing fast and efficient care to patients. Blockchain technology can be a solution to keeping all patient data in a single, secure […]
The Internet of Things (IoT) is creating excitement over its potential to transform the world, but the real power of IoT will be bolstered by another emerging technology—blockchain. IoT is a system of interconnected devices that gather and transfer data over a wireless network. These devices come with sensors that collect, store, and examine data. […]
With news that vaccines to control the spread of COVID-19 have been developed and approved, the next step will be the enormous undertaking of administering them to the public. For the current vaccines developed by Moderna and Pfizer-BioNTech to be long-lasting and effective, individuals must take two separate doses three to four weeks apart (the […]
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 […]
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 […]
