Blockchain is a decentralized ledger technology that records the origin of a digital asset. Most commonly, it is associated with Bitcoin. However, its definition should spark an idea in your mind. What if Blockchain can be used in intellectual property (IP) protection, copyright protection and in settling intellectual property issues? This could just as well …
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Fashion products, now delivered to your doorstep with just a few clicks based on online vendors. No matter, where you live, waiting for deliveries can lead to low productivity and be hugely annoying. The fashion industry is currently researching opportunities to find sustainable solutions for their respective businesses. The use of blockchain technology in digital …
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Distributed ledger technology articulates the globe’s new realities. Since the population has already started reducing the use of physical cash before the Covid-19 pandemic, the health crisis has increased the volume and value of digital transactions. The digital payment sector is continuing its impressive growth in 2021 too, with transaction value increasing by 22% to more …
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We love candy! We buy loads of them during the Christmas season whether it is to consume it ourselves or to gift them to others. Candies just taste better during the Christmas season, isn’t it? But how does the candy supply chain work? How can we make it better? There are many issues in the …
Phrases like “digital transformation”, “fuel economy”, and “sustainability in supply chain” have become buzzwords across industries. However, their purpose, much like any other technology is to bring smiles to people’s faces through sustainable solutions and advanced digitalization. Every organization in this industry is getting equipped and ready for transformation, not just at a digital level, …
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If you take the example of stem cell banking, it maintains and keeps records of the stem cell’s’ owners for many years. It is a difficult task to maintain the correct conditions required to transport stem cells from the hospital to the lab. Additionally,keeping an one it the stem cells for a lifetimelongterm is a complex task. As each stage is operated by a human being,
Trademarks are the legal identity of a company, product or service which helps it to differentiate itself from its competitors. A trademark cannot be the same as the existing one and should be used only for the claimed purpose according to figures by the government 2,55,993 trademarks were registered during the last fiscal year of …
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Bitcoins can be considered as the biggest disruption to the structure of physical payments throughout the world, it not only developed the technology but also paved in the way for the future by changing the way the traditional payments gateway work transforming the blockchain technology in central banks by taking care of all the loopholes …
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In the logistics industry, the major concern always remains to determine the current and past location of freight, whether it was damaged in transit, as well as reporting their arrival and departure time. As the supply chain continues to expand, they become more and more complex. ‘N’ number of companies are involved in this process. Maintaining such complex data using traditional systems might slow down communication and consume a lot of time in tracking goods. This results in delay, inaccurate supply chains, errors, increased cost, security issues, and etc. Lack of traceability has become an industry-wide problem due to disjoint data systems and outdated paper processes.
In this digitally ever growing world, the port logistics and supply chains require a secure system that provides improved efficiency. The major issues faced in the logistics field include lack of security, sharing of data, document approval, and the inefficient handling of goods and containers throughout the supply chain. It also includes the ineffective
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