In today’s world, the automotive industry is among one of the most advanced and innovative industries. The automotive industry has entered the era of digital transformation and is at the forefront of the same. Increased adoption of autonomous cars and the development of digital ecosystems have been a growth driving factor for the automotive blockchain …
Continue reading “Blockchain Traceability for Averting Counterfeit Auto Parts!”
When it came to the exponential rise of e-commerce and online shopping, the fashion and textile industry, particularly luxury brands, was notoriously late. With consumers’ ever-changing demands, the fast pace of the retail and luxury fashion industry is rapidly accelerating. Blockchain technology has the potential to address long-standing industry issues by improving data management tools, improving …
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The use of computer algorithms or some technology to facilitate the financial industry is referred to as financial technology, or ‘FinTech.’ Government agencies, businesses, customers, and researchers have been paying attention to the sector since early 2014. Blockchain in FinTech first appeared as the distributed ledgers of Bitcoin, but it has only recently gained traction …
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As millions of items are continually created, transferred, and exported, supply chains form the backbone of a system’s economy. The global economy is dependent on a rapid and efficient global supply chain, which is worth more than $15 trillion. To operate the business, any firm today must have an extensive database. As these databases grow …
Continue reading “Smart Logistics: Blockchain Traceability a Solution to Logistics Problems?”
With the notable progress in the development of technology, trust has become a crucial factor in human-technology interactions. People trust technology mainly because it works as expected. However, the emergence of Artificial Intelligence (AI) solutions does not remain the same because of the following challenges – Privacy: With AI, data collection and analysis has become much …
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Counterfeit products are a worldwide issue. These products account for 3.3% of global trade and cost the US economy $600 billion per year. Companies have been fighting counterfeiters for years, investing significant time and resources to prevent defective and fake parts from entering the manufacturing system, as well as clever lookalikes and reverse-engineered products which …
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The traditional insurance business model has proven remarkably resilient over the years. On the other hand, traditional insurance is starting to feel the digital impact as new technologies alter how customers interact with businesses and how products and services are delivered. Blockchain Revolution is one of the latest boosts to these technologies. Due to various …
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Contracts govern most aspects of our professional and personal lives, and they are necessary for modern society to function. The recent exponential development & integration of blockchain technology and cryptocurrencies has influenced the financial industry has resulted in the creation of a new crypto-economy. Thanks to the appearance of blockchain in smart contracts, which are …
Continue reading “Smart Contracts in Blockchain: An Overview”
The Blockchain is a decentralized digital ledger that can securely store all the manually fed data, transaction details, data obtained from various other sources including sensors, etc and make them accessible in real time. Blockchain being distributed over a network of connections provides visibility to all parties involved in any kind of transaction and gives …
Continue reading “10 Blockchain Use Cases that Could Transform the Healthcare Sector!”
Recently, a new trend of using non-fungible tokens “NFTs” to combine blockchain technology with creative intellectual property has emerged. The concept has extended across all market sectors, and now premium fashion retailers have jumped on board. NFTs in beauty industry opens the door to new opportunities and revenue, entertain consumers and enable them to enter …
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