5 ways Blockchain will transform the life of the common man

With all the media burning news about cryptocurrency prices, you may be wondering how this affects the common man. Blockchain technology is right at the heart of cryptocurrency and other digital currencies.

There are various industrial and administrative problems that technology can solve for the common man. Do you own a small business but often feel that you lack transparency due to traditional methods of communication? Have you ever ended up with higher medical bills than usual? As a business owner, are you bothered to find legitimate candidates? These problems affect entrepreneurs, startups, small businesses, individuals and technology Blockchain seeks to provide solutions that make the lives of ordinary people much simpler with simplified solutions.

Banking

Banking in almost all countries is still very focused on paper-intensive transactions for any money transfer, record keeping or other background functions. Blockchain technology can copy this in digital format and create a decentralized book that allows not only bankers but also customers access to a single source of information. This system allows banks to eliminate the chances of fraud because bankers in the Blockchain book can digitally verify documentation and proof of ownership of assets that can be accessed at any time in a fixed format.

Identity theft is also a major problem in the banking sector, as citizens ’information is stolen and used to open fake accounts for illegal activities. According to the Federal Trade Commission’s online complaints database, over 13 million complaints have been filed due to card fraud and identity theft, of which 3 million were filed in 2016 alone. Through the blockchain system, customers can directly review all accounts under their name and immediately notify their banks in the event that they notice any suspicious activity in their banking data. Some well-known examples include the Hyperledger Fabric project supported by IBM and UBS Settlement Coin from UBS.

Healthcare

Blockchain technology can simplify healthcare in amazing ways and make medical data management much easier. Making patient records widely available can enable much more favorable research on drug development, and also reduces the implications of counterfeit drugs. Clinical trials and their outcomes can be made available in a decentralized network, enabling health professionals and researchers to conduct research and find solutions for better health care. Accenture is one of the largest companies to start offering innovative healthcare solutions for the healthcare sector for secure, fraud-free transactions.

Medicare scams can also crash through blockchain billing management because the billing system can be fully automated without any range of intermediaries committing fraudulent activities. With over 56 million people under the Medicare program since 2017, over $ 1.3 billion is being stolen by the government through fraudulent activities of rehabilitation facilities and home health services. Blockchain systems can effectively protect citizens seeking medical help from healthcare providers who overcharge for services offered by fraud. Centralized data not only helps healthcare professionals provide treatment based on the patient’s and his family’s history, but also eliminates the chances of the patient recalling past symptoms or disorders incorrectly.

Public records

One of the most important functions of the state administration is to record all data about its citizens. This includes information about individuals and businesses in terms of their assets and activities. Most of the recorded information is recorded in paper databases, which makes data management extremely difficult even in developed countries.

Blockchain-based systems like Killquity can encode all public records into a digital book to prevent citizens from changing data due to fraud. Identity theft is a problem that can be very difficult for the administration to deal with, and digitizing all public data to protect it from unauthorized representation can help prevent such cases of criminal activity.

Voting

One of the biggest limitations of the voting system in almost every country is that even today, voters must be physically present at polling stations to cast their ballots and can make things difficult for people who need to travel on polling days. More importantly, there is no way to check the results of a survey for the average citizen.

Blockchain development companies like Followmyvote are coming up with solutions that seek to make online voting a reality. It will provide citizens with public insight into accurate information on the position and results of surveys and various other statistics. It also leads to safer voting for citizens of countries in internal or external conflict, and criminal activities to force citizens to vote for certain candidates can be completely avoided.

Business employment

Companies of all sizes find it difficult to find the right staff. Through blockchain technology, it is possible for companies to verify the credibility of all candidates through a digital database. Blockchain technology can be applied to create a decentralized database of professionals with verified qualifications in a secure book that companies can refer to to hire candidates. Machine Learning is a New York-based company that is trying to solve this problem by focusing on recording verifiable worker data.

Tax-related or employment-related fraud accounts for 34% of all identity thefts since 2016, and the blockchain system makes the process of hiring any job much safer because the company would only have access to valid candidates, reducing the risk of hiring fraudulent workers. It also helps applicants by speeding up the recruitment process and helping them find eligible jobs and have a hassle-free process.

The use of blockchain technologies helps both individuals and businesses, and also protects personal data and makes important data publicly visible. Although blockchain has the best application in cryptocurrencies, its use can be extended to other sectors to provide meaningful solutions to citizens around the world.

Blockchain: The next level of security for CRM

What is Blockchain?

‘Blockchain’ is a new modern technology in trend that is emerging today. It is a concept that ensures data security using ‘cryptography’. It is a continuously growing list of records called blocks, which are interconnected typically containing the cryptographic hash code of the previous block.

“Blockchain is basically an open, distributed digital book that can efficiently record transactions between two parties in a secure way. It follows a peer-to-peer architecture (decentralized and distributed).”

How Blockchain provides the highest level of security? Or how does it work?

Blockchain can provide the highest level of security, so it is used to store transaction data. It works in such a way that soon after creating the first block, each adjacent block in the book uses the hash of the previous block to calculate its own hash. Before any new block is added to the chain, its authenticity and uniqueness must be verified by a computer procedure. And this procedure also includes the permission and security of other blocks that the newly added block has been checked. This validation process also ensures that all copies of the distributed book share the same condition.

Thanks to this mechanism of adding hashcode and checks, a newly added block can be called in the following blocks, but cannot be changed. If someone tries to replace or disrupt the block, the hashes for the previous and next blocks will also get changes and disrupt the shared state of the book. Whenever this situation occurs, other computers on the network are aware that a problem has occurred and new chains will not be added to the chain until the problem is resolved. And then the block causing the error will be discarded and the whole validation process will be repeated.

How can Blockchain benefit from CRM?

With CRM software, Blockchain can actually add exciting security features (options). Integrating CRM with Blockchain allows an organization to have verified (or verifiable) records that are protected by Blockchain technology. especially if the CRM is cloud-based.

This means that it can benefit from a CRM application by restricting access to tracking data from unwanted sources. Currently, CRM users around the world face problems with duplicate or inaccurate data. Because Blockchain technology stores data in the form of blocks, so it can allow the customer to own a separate block that uniquely represents them and their personal data, related transaction details and other relevant data.

Blockchain limits duplicate or risky data to disrupt the database, thereby speeding up CRM processes and ensuring customer satisfaction.

Enterprise Blockchain Solutions: What Can I Do For Your Business?

Despite the popular belief that blockchain technology is designed only to perform cryptocurrency transactions and earn bitcoin, blockchain continues to enter many areas of life: social media, gambling, healthcare, real estate, and more. The technology wants to improve work efficiency, reduce costs for businesses and improve the user experience.

Blockchain can be explained as a digitized database and belongs to digital book technology (DLT), which does not involve central data storage or administrative functionality. Why is this an advantage for the company? Decentralization, together with transparency, gives each individual participant the opportunity to review all recorded data, ensure its security and monitor important information.

Here’s an area that blockchain has already entered and proven to be worth relying on this technology.

For example, supply chain management is a major but vulnerable part of the work process of many companies. The parties involved in the process often do not communicate directly with each other and still apply methods of collecting and storing data on paper. Blockchain offers complete paperwork removal: document flow becomes automated, digital certification is also used. More importantly, any authorized member of the supply chain can monitor the product from producer to consumer and prevent the distribution of counterfeit products.

Several U.S. retail giants, faced with an outbreak of food-borne diseases and further food recalls, have implemented blockchain technology into their food supply chains. Previously, tracking a single product took at least 7 days, and these days the origin of a food product can be identified in a matter of seconds.

Thus, blockchain solutions have made the recall process faster, more efficient and cost-saving. Meanwhile, customers have also experienced the adoption of blockchain in their hypermarkets. For example, in Walmart’s Chinese stores, they can scan a QR code and get all the product information: from the location of the farm to the inspection certificate.

Healthcare is an area where blockchain-based solutions have established themselves as an extremely secure and transparent way of keeping electronic health records (EHR). Both physicians and patients receive approval to access records and use as needed. At the same time, blockchain solutions are driven by smart contracts that enable the protection of EHR data privacy. Medical device data and clinical trials are encrypted, insurance can be performed and stored. Another use case is prescription drugs and equipment supply chain control.

E-commerce is increasingly demanding blockchain technology. Again, the supply chain is a crucial aspect here: monitoring goods and managing inventory are often challenging tasks, but blockchain helps companies manage their inventory more efficiently. Consumers who trust their money and data to e-commerce organizations are concerned about data security and transparency, but this issue can be addressed by developing a blockchain. Even small changes in the transaction are obvious on the blockchain, and tracking who made a mistake is no longer a problem. It is also possible to make crypto payments.

The following area is actually related to cryptocurrency transactions. DeFi, short for decentralized finance, not only involves the simple transfer of assets, but also refers to more complex cases of financial use. The implementation of the blockchain contributes to the exclusion of intermediaries and, accordingly, reduces costs. All transactions are encrypted and immutable, multi-step authentication mechanisms make it difficult for unauthorized members to access. Among the recent innovations is the opportunity to turn to P2P lending services and digital banking.

Blockchain can also affect social media. Along with its global popularity and ability to connect people around the world, social media remains vulnerable to account hacking, identity leaks, and copyright infringement. To address these issues, the blockchain offers copyright protection, digital identity verification, and impartial licensing.

Real estate, eGovernment, the gaming industry and many others have joined the wave of blockchain adoption. Once your company chooses to innovate, delegate the implementation of the technology to one of the large blockchain companies that will develop DLT for you for the future. With blockchain, your business will change the rules of the game in your field.

Block Chain Technology can be the next big thing in food

When planning our editorial calendar, we try to refer to the timelines of major events in our industry so that our reporting is timely.

So, after planning the May 2018 edition and seeing that the FSMA’s Sanitary Food Transport (STF) rule will take effect for small and small businesses in the previous month, it seemed to me that the STF would probably be something the industry would like to know more on that.

What I didn’t plan for a year ago is how much experts in the field would like to talk about blockchain technology. I seem to have received blockchain emails at least once a week for the past few months. While not as ubiquitous as the phrase Internet of Things, it’s definitely a new buzzword.

I still don’t have a horrible way of describing blockchain technology, as I did for IoT – I described it as your toaster that has a Facebook page and publishes status updates in your fridge. The best I can do now is to cite other definitions, which describe it as a digital, distributed book.

When I started interviewing people for STF articles and blockchain kept popping up, I was only familiar with it in terms of Bitcoin, which uses technology to run cryptocurrency payment systems. To get better at all of this, I went to a person I know who owns Bitcoin – our office’s IT support administrator. We had about an hour of talking about the trend, and when I talked about blockchain in terms of food safety, he got a spark in his eye and said, “Yeah, I definitely see how useful that would be.”

It’s the same enthusiasm I met when interviewing a number of experts about blockchain technology being applied to ensure food security throughout the supply chain. Experts envision this as unlocking the capabilities of a true tool for communicating and checking food safety used throughout the supply chain from growers to retailers, making all information visible to all parties.

Blockchain is just one of the transformative technologies we will be looking at in the next few years. Some of the others are artificial intelligence and mixed (virtual and augmented) reality, which is especially useful in the context of plant operation.

If you’re thinking, “Yes, these concepts aren’t that new,” I hear you, but what could change the game is the sophistication of the technology and the way it will be applied and used in a modern manufacturing facility.

Also, another important factor to consider is that this-5G is coming soon, and that could open up a lot of opportunities to connect people, tools and equipment.

How to use Blockchain technology for e-commerce

What is Blockchain technology?

Blockchain is a decentralized digital public book for tracking economic transactions. It is designed to record not only financial transactions but also everything that exists in it. The best feature of Blockchain is that it allows a public overview of the possessions and transactions they have performed through the system.

Moreover, it also disguises the identity of the user through powerful cryptography. Deciphering cryptographic code requires a long and challenging budget, which makes it the most secure way to transfer money.

Challenges in the e-commerce sector

Blockchain technology is transforming the e-commerce industry by decentralizing control and cutting the existence of intermediaries from the landscape. But before we explore the potential of Blockchain technology for the e-commerce industry, let’s explore the current challenges facing the e-commerce industry.

  • High costs- One of the main torments of retailers in the traditional e-commerce business model is the involvement of an intermediary who takes a good chunk of money with every purchase. The seller must pay a transaction processing fee to complete each transaction.
  • Insecure security- Customer data protection is another key concern for such businesses. The system needs to gain the trust of its customers and must convince them that their personal and financial information is secure. The current state of the e-commerce industry does not provide users with reliable security.
  • It takes time The e-commerce model includes a range of operations such as supply chain, logistics, payment passes, etc. To manage all these operations, the e-commerce industry must deal with these intermediaries on a daily basis. It takes a lot of time to complete the whole process.

How Blockchain will lead the e-commerce industry in the future

Blockchain technology for e-commerce is booming not only sellers but also buyers. Several challenges that can be addressed by introducing Blockchain in the e-commerce industry are the following:

  • Cost reduction- In addition to Blockchain, the e-commerce industry can rely on Blockchain technology for inventory management, payment processing, product database and other business activities. This results in less spending on system maintenance or hiring IT support teams to maintain them. Cryptocurrencies like Bitcoin, Ripple, etc. It will reduce fees charged by third-party institutions such as banks during transactions.
  • Cyber ​​threats- Despite using a secure transaction network, the e-commerce industry is always at risk of losing data and money to its customers due to unwanted cyber attacks. Blockchain technology is the perfect solution to address these challenges. Provides the highest level of security by using distributed books to manage e-commerce database management systems.
  • Fast processing- Blockchain e-commerce technology removes the dependence of intermediaries, the workforce and third organizations on e-commerce models. It saves a lot of time spent in the entire process, from inventory management, to placing orders to step-by-step delivery to the customer’s door.

Conclusion

These challenges plague sellers from the start. Therefore, integrating Blockchain technology into the e-commerce sector can definitely be a good idea for the whole system. Here comes the need for Blockchain technology for the e-commerce industry that is capable of solving all the challenges on its own.

Many e-commerce companies have already started investing in Blockchain technology to run their business smoothly. Not far off is the day when Blockchain technology will penetrate the entire e-commerce industry.

Why is Blockchain technology important?

Let’s say a new technology has been developed that could allow many parties to do real estate business. The parties come together and finalize details on time, special circumstances and funding. How will these parties know they can trust each other? They would have to check their agreement with third parties – banks, legal teams, state registration and so on. This brings them back to the beginning in terms of using cost-saving technology.

In the next stage, third parties are now invited to join the real estate business and give their contribution while the transaction is created in real time. This significantly reduces the role of the mediator. If the job is so transparent, the mediator can be eliminated in some cases. Lawyers are there to prevent misunderstandings and lawsuits. If the conditions are detected in advance, these risks are significantly reduced. If financial arrangements are secured in advance, it will be known in advance that the work will be paid for and that the parties will honor their payments. This brings us to the last phase of the example. If the terms of the job and arrangements are completed, how will the job be paid? The unit of measure would be the currency issued by the central bank, which means that once again we have to deal with banks. If this happens, banks would not allow these deals to be concluded without some kind of in-depth analysis at their end, which would involve costs and delays. Is there a technology that is useful in creating efficiency so far? Not likely.

What is the solution? Create a digital currency that is not only as transparent as the transaction itself, but is actually part of the terms of the contract. If this currency is interchangeable with currencies issued by central banks, all that remains is to convert the digital currency into a well-known currency such as the Canadian or US dollar, which can be done at any time.

The technology alluded to in the example is blockchain technology. Trade is the backbone of the economy. The key reason why money exists is for the purpose of trade. Trade makes up a large percentage of activities, production and taxes for different regions. Any savings in this area that can be applied worldwide would be very significant. As an example, look at the idea of ​​free trade. Prior to free trade, countries would import and export with other countries, but they had a tax system that taxed imports to limit the effect that foreign goods had on the local country. After free trade, these taxes were abolished and many more goods were produced. Even a small change in the rules of trade had a great impact on world trade. The word trade can be broken down into more specific areas such as shipping, real estate, imports / exports, and infrastructure, and it is more obvious how profitable a blockchain is if it can save even a small percentage of costs in those areas.

Is Blockchain technology really the future of the Internet?

1. Killing trusted third parties:

Blockchain immutable, coded, decentralized – the record has the ability to make any concentrated action, action, and association completely self-governing. This means that we can dispose of intermediaries, experts and win the trust of third parties. In this way, simplifying every business, administration and movement is useless.

The scene of the outflow and movement of housing loans requires a staggering network of title layouts, title protection, and invaluable lower exchange fees that are important to maintaining the framework. These frameworks exist on the basis that indeed land exchange was a process that required a lot of trust in dated records. Either way, Blockchain will address these concerns, and records of certain assets may contain an obvious and approved history of exchanges, limiting the requirement that foundations provide relief and place shares in management, instead exchanges may exist in its own right.

2. Blockchain in 2018 – last Bitcoin:

The delicate improvement of Bitcoin in 2017 triggered the lasting quality and favorable circumstances of the key development used by this advanced money, blockchain. In 2017, the blockchain transformed into the second most standard word and the dispersed advancement of records will continue to take on the importance of transversely completed different industries. Blockchain efforts will surpass the transferred figuration and IoT in funding theory. Countries with official blockchain strategies, such as Malta, are expected to eventually drive close to the market.

3. Guaranteeing a secure internet of the future:

One of the primary advantages that blockchain provides over other record programming is that it depends on cryptography and is modified to be immutable, you cannot make a backpedal to a certain point on the blockchain and modify the data. In 10 years of blockchain presence, it has never been hacked and will continue to do so until the technology comes to life.

4. Blockchain for digital advertising:

Computerized advertising faces difficulties, for example, extortion of space, movement of bots, lack of directness and extensive models of war. The problem is that the impulses are not adjusted, which makes the two promoters and distributors feel they are on the losing side of the arrangement. A blockchain is the answer to transferring directness to a store network, as it naturally conveys trust in a situation without trust.

5. The effect of cash flow on business:

It turned out that we are so familiar with the two-week or regularly planned payroll interval that we take it as business and as workers. However, 2018 marks the year when this is no longer a required standard. One extremely energetic nature of blockchain innovation is miniature installments. Others are harsh contracts. They can be joined by fascinating routes, one of which is making money. Despite the fact that it was predicted years ago, the fact simply happens as expected at this moment

Ultimately, blockchain is a great technology for storing immeasurable measures of key documentation in ventures, for example, human services, coordination, copyright, and some others. Blockchain throws out a request to the agent regarding the approval of the contract.

An Introduction to Blockchain Technology for Beginners

These days, technology is scale at an incredibly fast pace with newer heights of success. One of the latest triumphs in this direction is the evolution of Blockchain technology. New technology has greatly affected the financial sector. In fact, it was originally developed for Bitcoin – a digital currency. But now it finds its application in many other things as well.

Going this far was probably easy. But you still need to know what Blockchain is?

Distributed database

Imagine an electronic spreadsheet that is copied countless times across a computer network. Now, imagine that a computer network is designed so cleverly that it regularly updates the spreadsheet on its own. This is a broad overview of Blockchain. Blockchain stores information as a shared database. Moreover, this database is constantly being updated.

This approach has its advantages. It does not allow database storage anywhere. The records in it possess the original public attribute and can be checked very easily. As there is no centralized version of the record, unauthorized users do not have the means to manipulate and damage the data. The distributed Blockchain database is simultaneously hosted by millions of computers, making the data easily accessible to almost anyone on the virtual web.

To make the concept or technology clearer, it’s a good idea to discuss the Google Docs analogy.

The Google Docs analogy for Blockchain

After e-mail appears, the usual way to share documents is to send a Microsoft Word document as an attachment to the recipient or recipients. Recipients will use their sweet time to go through this, before returning a revised copy. In this approach, one should wait until a backup copy is obtained to see the changes in the document. This happens because the sender is locked from making corrections until the recipient finishes editing and sends the document back. Modern databases do not allow two owners to access the same record at the same time. In this way, banks maintain the balance of their clients or account holders.

Unlike the default practice, Google Docs allows both parties to access the same document at the same time. Moreover, it allows both versions of the document to be displayed to both at the same time. Just like a shared book, Google Docs acts as a shared document. The distributed part becomes relevant only when the sharing involves multiple users. Blockchain technology is in a way an extension of this concept. However, it is important to emphasize here that Blockchain is not intended for document sharing. Instead, it’s just an analogy to help you have a clear idea of ​​this cutting-edge technology.

Featured Blockchain features

Blockchain stores identical blocks of information across the network. Thanks to this feature:

  • Data or information cannot be controlled by any particular entity.
  • There can be no point of failure.
  • The data is stored in a public network, which ensures absolute transparency of the entire procedure.
  • The data stored in it cannot be damaged.

Demand for Blockchain developers

As mentioned earlier, Blockchain technology has a very high application in the world of finance and banking. According to the World Bank, more than $ 430 billion in money transfers were sent through it in 2015. Thus, Blockchain developers have significant market demand.

Blockchain eliminates the payment of intermediaries in such money transactions. The invention was a GUI (graphical user interface), which made it easier for the average person to access computers in the form of a desktop. Similarly, the wallet application is the most common GUI for Blockchain technology. Users use the wallet to buy the things they want using Bitcoin or any other cryptocurrency.

The future of Blockchain technology

What is Blockchain?

The term blockchain has been used in a number of social and corporate conversations in recent years and everyone seems to have heard of blockchain technology, but most of the population has no idea what it actually means.

To clearly explain to you what blockchain technology actually means, allow us to provide you with a brief analysis of the history of money transaction development. Historically, whenever people once exchanged valuables, there were middle-class people whose sole purpose was to record the authenticity of both sides and build trust between them. Currently, these middle people are known as banks. The use of banks and brokers has continued over time, and with the advent of digital assets such as stocks, electronic money, and intellectual property, the need for safer methods has emerged. This is because digital assets are usually files in a computer that are therefore vulnerable to manipulation and theft. Therefore, the use of blockchain technology allows parties to trade openly and transparently ensuring that the exchange is secure and efficient.

The future of Bitcoin

Blockchain has the potential to completely disrupt the financial industry in the same way that social media disrupted mainstream media or the same way Netflix destroyed Blockbuster movies. Blockchain technology can be used as a platform to provide financial services to everyone in the world, which includes people in developing countries who may not have access to traditional banking services and cannot afford the rates required for large transactions. This technology has the potential to make great discoveries in almost all major industries typically manipulated by large corporations.

Use of Blockchain technology in education

Blockchain technology in education can be used to discover students who actually need scholarships and those who can afford it. This is because several students bypassed the system and received funding. This would actually end up hurting the students who need it, and who end up giving up or accumulating a lot of debt which is why they work almost.

In the end, a huge number of the population may be currently hiding their heads in the sand because they want the blockchain to disappear, but this piece of technology is definitely not going anywhere. In the near future, we will all trade using blockchains as part of our daily activities, and our grandchildren will read about money and ATMs, just as we read about exchanging goods and gold. Therefore, it is necessary to jump in as soon as possible and adjust before we are forced to adapt.

How does Blockchain technology make the world a better place?

Blockchain technology can help immensely in banks, insurance, the healthcare and pharmaceutical industries, the supply chain of many sectors (agribusiness, luxury, international trade, distribution, wine, aeronautics and cars), the music industry, energy and real estate. Blockchains can replace most centralized “trusted third parties,” including banking crafts, notaries, land books, etc., with distributed computer systems.

1. Drugs / 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 a million lives each year. Because DHL is already working with Accenture to establish a blockchain-based monitoring and serialization tracking system.

“Currently, there are more than 7 billion unique pharmaceutical serial numbers in the system. In addition, the system can now process more than 1,500 transactions per second,” said Scott Allison, president of DHL, Healthcare.

Allison doesn’t just think about system capacity. For example, serialization by tracking and tracking should reduce costs, increase security and self-confidence, and eliminate the movement of error-prone data. Technology can add additional verified information to an element that cannot be manipulated. Confirmation is done by all participants.

“The SYSTEM not only meets global requirements for serialization, it even exceeds them,” says Allison.

2. Fashion / Fashion

The CGS project allows consumers to follow the entire life cycle of a garment. This brings together companies from the fashion, clothing and consumer goods sectors to work together. With this solution, consumers no longer have to blindly rely on the value of sustainability. Blockchain technology allows you to monitor the sustainability and consistency of clothing

3. Cross-border payments

In developing and underdeveloped countries, access to capital for small food producers is often a major problem. Binkabi is a cross-border agricultural trading platform that opens new ground with the help of the Sweet bridge block bridge solution. Therefore, a fair trade system needs to be developed.

IBM recently announced a blockchain banking solution. This aims to make international payments faster and more cost-effective.

4. Food safety

In the area of ​​food safety, IBM works with food manufacturers Dole, Nestlé and Walmart. Therefore, data are available from growers, suppliers, processors, traders, traders, not only all parties involved but also supervisory authorities and consumers. This way, every transaction can be tracked and all food information 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, technology should help combat illegal fishing. However, the full traceability of fish and seafood is also of interest to fish wholesalers and retailers, as they want to prevent their products or brands from being linked to illegal activities.

“CONSUMERS ARE ALSO INCREASINGLY BETTING FOR COMPLETELY TRACEABLE FISH AND SEAFOOD THAT ARE NOT FROM ILLEGAL FISHING,” says Bubba Cook, WWF’s program manager for tuna in the Western and Central Pacific.

5. Humanitarian crises

Blockchain technology is not only used by companies. The United Nations currently uses blockchain technology in 16 areas, including:

· World Food Program (refugee assistance)

· Office for Coordination of Humanitarian Affairs (donor financing, protection and supervision of supply chains)

In addition, research is currently being explored on how blockchain technology can be used to address current issues, such as child trafficking, according to Mahrinah von Schlegel, director general of the nonprofit Embassy 2.0.

As part of the ID2020 public-private partnership, Microsoft and Accenture have announced a partnership. The goal is for 1.1 billion people to get a legal form of identity and identification using blockchain technology.

6. Jewelry

In collaboration with Everledger, Brilliant Earth Jewelry intends to use blockchain technology to accurately track the origins of diamonds and other gems. This ensures the processing of only stones without conflict.