How Blockchain Technology Is Making the planet 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. Blockchains have the potential to replace a lot of the centralized "trusted third parties" including banking trades, notaries, land registry, etc. by distributed personal computers.

1. Medicines / Pharmacy

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

"At the moment, there are already more than 7 billion unique pharmaceutical serial numbers in the machine. In addition, the machine can now handle more than 1,500 transactions per second," said Scott Allison, DHL's President, Healthcare.

Allison has not only the capability of the system at heart. For instance, 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.

"THE SYSTEM NOT MERELY MEETS THE GLOBAL SERIALIZATION REQUIREMENTS, IT EVEN SURPASSES THEM," Says Allison

2. Fashion / Fashion

The CGS project allows consumers to track the entire lifecycle of a garment. more info brings together companies from the style, apparel and consumer goods sectors to interact. With this particular solution, consumers no more need to rely blindly on the worthiness in sustainability fashion. Blockchain technology allows tracking of sustainability and conformity of the garment

3. Cross-border payments

In developing and underdeveloped countries, usage of capital for small food producers is often a big problem. Binkabi is a cross-border agricultural trading platform that is breaking new ground through a block bridge solution from Sweet bridge. Thus, a system for fair commodity trading is to be developed.

A blockchain banking solution has been announced by IBM. This is designed to make international payments faster and more cost-effective.

4. Food safety

In your community of food safety, IBM is working with food manufacturers Dole, Nestl�, and Walmart. Thus, the info of breeders, suppliers, processors, traders, retailers not merely to all or any 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 offer chain before it reaches the shelf.

THE PLANET Wildlife Fund (WWF) "tracks" fish and seafood using blockchain technology. In this project, the technology should assist in the fight 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.

"CONSUMERS ARE ALSO INCREASINGLY SLANDERING FOR FULLY TRACEABLE FISH AND SEAFOOD THAT AREN'T FROM ILLEGAL FISHING," says Bubba Cook, WWF's Western Central Pacific Tuna Program Manager.

5. Humanitarian Crises

Blockchain technology isn't just used by companies. The United Nations currently uses blockchain technology in 16 areas, including:

� World Food Program (Refugee Aid)

� Office for the Coordination of Humanitarian Affairs (donor financing, safeguarding, and tabs on supply chains)

In addition, it is currently being investigated how blockchain technology may be used to tackle current problems, such as child trafficking, in accordance with Mahrinah von Schlegel, Managing Director of Nonprofit Embassy 2.0.

Within the public-private partnership ID2020, Microsoft and Accenture have announced a partnership. The target is to give 1.1 billion people a legal form of identity and identification using blockchain technology.

6. Jewelry

In collaboration with Everledger, the jewelry company Brilliant Earth intends to use blockchain technology to accurately track the origins of diamonds along with other gems. get more info ensures that only conflict-free stones are processed.

One of the best types of blockchain technology is Feelium. Feelium offers a tokenized platform which will allow contractual transactions to become simpler and much more secure.The Feelium platform includes a few unique features for instance a centralized blockchain platform instead of a decentralized platform, private key retrieval, and cloud storage. Feelium aims to be always a one-stop trading platform which you can use by anyone, in B2B and B2C scenarios.