Blockchain Use Cases: From Image Mining & Virtual Economy to Crowdfunding

  • The growing adoption of Blockchain technology has been disrupting a number of  industries, including financial services, data management, healthcare, agriculture, supply chain, gambling, gaming, public services, music, airline ticketing and many more.
  • Blockchain technology is also effective in preventing theft in remittance transactions due to the irreversibility of the transactions.
  • As the technology gains popularity and acceptance, many “old school” processes are going to be disrupted and replaced by the same Blockchain technology that powers Bitcoin and other cryptocurrencies.
  • Let’s explore several startup companies that are implementing Blockchain technology to disrupt their respective industries.
  • Lampix plans to use Blockchain technology to establish one of the biggest image databases in the world.

Blockchain technology seems to have virtually endless applications from finance, healthcare, entertainment, among others.
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5 Incredible Ways The Blockchain is Reshaping The Supply Chain

  • How is blockchain technology reshaping the supply chain industries?
  • Bitcoin and the blockchain technology that is a digitally distributed ledger that through valid transactions and multiple verification requirements, offers a permanent and unchangeable public record of events without revealing the identities of the users.
  • A supply chain is a common system of organizations, people, activities, information, and resources involved in moving goods and services from supplier to customer.
  • A blockchain integration Is an upgrade our supply chains really need to get the most out of our precious time and resources on this planet.
  • Plus, the record keeping that is attained through blockchain will make the supply chain a more smooth, reliable, and stunning operation.

Cryptocurrencies have gained mass popularity and acceptance across th…
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HSBC’s new digital trade finance solution is NOT a blockchain

  • The bank’s new end-to-end digital trade finance tie up with Tradeshift, the cloud-based global commerce platform, aims to leverage hundreds of billions of dollars in working capital up and down supply chains – and it’s not being done using blockchains for a change.
  • Ramachandran said: “When we talk about supply chain financing or physical supply chain management, there have been multiple attempts by banks working with supply chain providers and you have a physical supply chain process then the data is pulled out of the physical supply chain process and sent through to a bank and the financing takes place.
  • “What we built with trade shift is the first genuinely integrated finance institution built into the physical supply chain.
  • The HSBC Tradeshift solution will stretch deep into the supply chain, “so unlike traditional programmes it’s not restricted to the larger suppliers.
  • It’s one of the largest constraints if you are a supplier and if you can build financing into that solution, you unlock the working capital potential in the supply chain.

HSBC does $1m of global trade per minute. The bank’s new end-to-end digital trade finance tie up with Tradeshift, the cloud-based global commerce platform, aims to leverage hundreds of billions of dollars in working capital up and down supply chains – and it’s not being done using blockchains
Continue reading “HSBC’s new digital trade finance solution is NOT a blockchain”

Blockchain technology trialled to tackle slavery in the fishing industry

  • Technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses
  • The pilot shows that complex, global supply chains can be made transparent by using blockchain technology.”
  • With the seafood industry notorious for human rights abuses and illegal fishing, campaigners hope the technology, piloted by a UK-based company Provenance , could help retailers, manufacturers and restaurants prove the origins of their fish.
  • Smartphones could be used to scan fish products used in the trial to access information on their origins and journey to the supermarket shelf.
  • Blockchain technology trialled to tackle slavery in the fishing industry

Technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses
Continue reading “Blockchain technology trialled to tackle slavery in the fishing industry”

5 Incredible Ways The Blockchain is Reshaping The Supply Chain

  • 5 Incredible Ways The Blockchain is Reshaping The Supply Chain
  • Supply Chain Needs A Boost
  • Plus, the record keeping that is attained through blockchain will make the supply chain a more smooth, reliable, and stunning operation.
  • It becomes another block in the chain of blocks that represent all the transactions that have taken place.
  • Blockchain technology or a “distributed ledger” is a marvel to study.

Cryptocurrencies have gained mass popularity and acceptance across th…
Continue reading “5 Incredible Ways The Blockchain is Reshaping The Supply Chain”

5 Incredible Ways The Blockchain is Reshaping The Supply Chain

  • 5 Incredible Ways The Blockchain is Reshaping The Supply Chain
  • Supply Chain Needs A Boost
  • Plus, the record keeping that is attained through blockchain will make the supply chain a more smooth, reliable, and stunning operation.
  • It becomes another block in the chain of blocks that represent all the transactions that have taken place.
  • Blockchain technology or a “distributed ledger” is a marvel to study.

Cryptocurrencies have gained mass popularity and acceptance across th…
Continue reading “5 Incredible Ways The Blockchain is Reshaping The Supply Chain”

Blockchain technology trialled to tackle slavery in the fishing industry

  • Technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses
  • The pilot shows that complex, global supply chains can be made transparent by using blockchain technology.”
  • With the seafood industry notorious for human rights abuses and illegal fishing, campaigners hope the technology, piloted by a UK-based company Provenance , could help retailers, manufacturers and restaurants prove the origins of their fish.
  • Smartphones could be used to scan fish products used in the trial to access information on their origins and journey to the supermarket shelf.
  • Blockchain technology trialled to tackle slavery in the fishing industry

Technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses
Continue reading “Blockchain technology trialled to tackle slavery in the fishing industry”