How Blockchain Technology Is Making the world Better?

Blockchain technology can help immensely in banks, insurance, health and pharmaceutical industry, supply chain of many sectors (agribusiness, luxury, international trade, distribution, wines, aeronautics, and automobile), music industry, energy, and real estate. Crypto Hong Kong Blockchains have the potential to replace most of the centralized “trusted third parties” including banking trades, notaries, land registry, etc. by distributed computer systems.

  1. Medicines / Pharmacy
    Blockchain technology can be used to improve drug integrity. If drugs can be clearly identified and tracked from production to consumption, it could save up to one million lives each year. Because DHL is already working with Accenture to establish a track-and-trace serialization system based on blockchain technology.

Allison has not only the capacity of the system in mind. For example, track-and-trace serialization should reduce costs, increase security and confidence, and eliminate error-prone data movement. The technology can add additional verified information to the element, which cannot be manipulated. The validation is carried out by all participants.

  1. Fashion / Fashion
    The CGS project allows consumers to track the entire lifecycle of a garment. This brings together companies from the fashion, apparel and consumer goods sectors to work together. With this solution, consumers no longer need to rely blindly on the value in sustainability fashion. Blockchain technology allows tracking of sustainability and conformity of the garment
  2. Cross-border payments
    In developing and underdeveloped countries, access to capital for small food producers is often a big problem. Binkabi is a cross-border agricultural trading platform that is breaking new ground with the help of a block bridge solution from Sweet bridge. Thus, a system for fair commodity trading is to be developed.

In the area of food safety, IBM is working with food manufacturers Dole, Nestlé, and Walmart. Thus, the data of breeders, suppliers, processors, traders, retailers not only to all parties involved but also to the supervisory authorities and consumers are available. So every transaction can be traced and all information about the food can be viewed. With all members of the food system having access to the blockchain, contaminated food can be quickly removed from the production and supply chain before it reaches the shelf.

The world Wildlife Fund (WWF) “tracks” fish and seafood using blockchain technology. In this project, the technology should help in the fight against illegal fishing. However, full traceability of fish and seafood is also of interest to fish wholesalers and fish retailers, as they want to prevent their products or brands from being associated with illegal activities.

One of the best examples of blockchain technology is Feelium. Feelium offers a tokenized platform that will allow contractual transactions to become simpler and more secure. The Feelium platform has a few unique features such as a centralized blockchain platform in lieu of a decentralized platform, private key retrieval, and cloud storage. Feelium aims to be a one-stop trading platform that can be used by anyone, in B2B and B2C scenarios.

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