Kristen Bouchrara
May 3, 2022
Blockchain is a versatile technology that is not limited to cryptocurrency and NFT's. It can potentially replace central banks, offer greater economic participation, store medical records, tracking the flow of goods, storing personal credit records, track the provenance of artwork and commodities, speed payments, operate a supply chain, and much more.
Blockchain is a versatile technology that is not limited to cryptocurrency and NFT's. It can potentially replace central banks, offer greater economic participation, store medical records, track the flow of goods, store personal credit records, track and verify the provenance of commodities, authenticity of artwork, speed payments, operate a supply chain, and much more.
According to a Deloitte Supply Chain Innovation report, “A blockchain supply chain can help participants record price, date, location, quality, certification, and other relevant information to manage the supply chain more effectively. The availability of this information within the blockchain can increase the traceability of the material supply chain, lower losses from counterfeit and gray markets, improve visibility and compliance over outsourced contract manufacturing, and potentially enhance an organization's position as a leader in responsible manufacturing.” Other potential blockchain use cases include storing personal credit records, tracking the provenance of artwork, and managing digital identities.
With advances in blockchain technology continuing to emerge, its utility will only grow. New use cases are being developed everyday in government and business. So, if you're looking for a secure and reliable way to manage your enterprise data, blockchain may be exactly what you need. Please follow @zetazillions and stay in touch for updates on new use cases and other innovations in blockchain technology.
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