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. […]
Artificial intelligence (AI) is evolving rapidly. According to multinational professional services company, Accenture, businesses spent $306 billion USD on AI applications over the past three years. Despite the advancement of AI, there are currently no specific ethical regulations around the technology—though some governments, including the European Union, are working to establish them. Meanwhile, many organizations […]
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 race to manufacture a viable COVID-19 vaccine raises an important question: Given the logistical challenges of delivering vaccines to billions of people across the planet—with many stops along the way—how can they be safely distributed? Vaccines need to be temperature-controlled or they will lose their efficacy. According to the International Air Transport Association’s Center […]
The COVID-19 pandemic has triggered a growing demand for the supply of medicine and medical supplies. At the same time, the pandemic has created major disruptions in the global supply chain, as more and more people are shifting their buying habits and ordering goods through online delivery. The disruption is calling attention to the greater […]
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 […]
As companies continue to grow, Blockchain-as-a-Service (BaaS) can help supply chain systems grow alongside the companies in order to better keep up with incoming demands. If an organization’s supply chain team need to spend all their time just keeping pace with demand, when will they have the time to think strategically and plan for the […]
Blockchain continues to grow beyond digital currencies, disrupting other industries with its secure distributed ledger technology. Recent developments have been made in the fields of supply chain, healthcare, the Internet of Things (IoT), and more. Supply Chain The complex world of the global supply chain market presents a formidable challenge to manufacturers. Blockchain technology can […]
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 […]
As anyone responsible for supply chain management can tell you, the demand for accountability and tracking at every step of the supply chain just continues to grow. For example, consumers want to know where their vegetables were sourced, how they were grown, handling methods, refrigeration temperatures in transit, how long since they have been harvested, […]
