How Blockchain Technology Makes the World Better?

Blockchain technology can make a significant contribution to banking, insurance, health and medical care, the presence of a wide range of companies (commercial, high-end, global trade, distribution, wine, aeronautics, and automotive), music companies, energy, and real estate. Blockchains have the potential to remove intermediate “other trusted groups” including banking transactions, notaries, real estate transactions, and more using computer systems.

1. Pharmacies / Pharmacy

Blockchain technology can be used to improve product reliability. If a drug can be identified and followed from the time it is manufactured to its use, it could save millions of lives every year. Because DHL is already working with Accenture to develop a track-and-trace serialization system based on blockchain technology.

“Currently there are more than 7 billion unique numbers in the system. In addition, the system can now handle more than 1,500 cases in a second,” said Scott Allison, DHL President Healthcare.

Allison doesn’t just have the potential for the system in mind. For example, continuous compliance should reduce costs, increase security and confidence, and eliminate erroneous traffic that comes soon. The technology can add additional features to what can be used. Confirmation occurs with all participants.

“THE SYSTEM DOES NOT JUST CONCERN THE WORLD’S NEEDS, IT’S AWESOME,” says Allison

2. Fashion / Fashion

The CGS project allows consumers to follow the entire life of an outfit. This brings together companies from the clothing, apparel and consumer groups to work together. With this answer, consumers no longer need to quietly rely on fixed prices. Blockchain technology allows you to track the stability and similarity of the garment

3. Cross-border payments

In developing and developing lands, access to low-income food is often a major problem. Binkabi is a cross-border trading platform that breaks new ground with the help of a block bridge solution from Sweet Bridge. Therefore, a marketing strategy needs to be developed.

The blockchain banking solution has recently been announced by IBM. This is aimed at providing quick and cost-effective international funding.

4. Food security

In terms of food security, IBM is working with food manufacturers Dole, Nestlé, and Walmart. As a result, the knowledge of investors, suppliers, processors, entrepreneurs, retailers is not all that involved and managers and consumers are present. As a result all events can be tracked and all information on the food can be viewed. With all those at the food having access to the blockchain, contaminated food can be quickly removed from products and retailers before they reach the shelf.

The World Wildlife Fund (WWF) “manages” fish and fish using blockchain technology. In this work, this expertise should help in the fight against illegal fishing. However, the full pursuit of fish and fish products also appeals to both fish and fish retailers, as they seek to protect their products or services from being compromised.

“READERS ARE ALSO INCREASING THE HEADS OF SHEEP AND EASY VEGETABLES FROM TIME TO TIME,” says Bubba Cook, Managing Director of the Tuna Program in the Western Central Pacific.

5. Natural Problems

Blockchain technology is not used by companies. The United Nations here uses blockchain technology in 16 locations, including:

World Food Program (Refugees)

· Social Services Coordinating Office (donating money to donors, protecting, and linking chains)

In addition, research is underway on how blockchain technology can be used to address current problems, such as child trafficking, according to Mahrinah von Schlegel, Managing Director of Nonprofit Embassy 2.0.

As part of ID2020, Microsoft and Accenture have announced a partnership. The goal is to provide 1.1 billion people with legal status and identity using blockchain technology.

6. Jewelry

According to Everledger, the brilliant jewelry company Brilliant Earth wants to use blockchain technology to accurately track the origins of diamonds and other gemstones. This ensures that only non-contraindicated stones are repaired.