Blockchain technology has proven to be a ground-breaking, seamless and profitable solution for a wide range of industries around the world. The energy sector too, is not only looking forward to blockchain technology as a digital solution, but also expects a sustainable future with the application of the same. The global Oil and Gas industry …
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With changing beauty standards and more users shifting towards natural and organic products and campaigning for healthy skin, the cosmeceuticals industry is undergoing rapid changes these years. Cosmetics have become an integral part of our lifestyle and not just for women, but across all genders. The industry is expected to have a CAGR of 5.3% …
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Banks are shifting from a product-centric to a customer-focused approach as a response to changing market dynamics. With rapidly evolving customer expectations, digital transformation in the Banking and Finance sector i.e Blockchain in Banking and Finance is important to reshape the industry’s future. Welcoming the digital future would ensure better banking experiences, better digital operations, …
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,
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 Lack of traceability has become an industry-wide problem due to disjoint data systems and outdated paper processes.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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