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 …
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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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The pharmaceutical industry is undergoing massive changes. Historically this industry slows to adopt the technology. Now, this industry is undergoing dramatic transformations with the emergence of several advanced technologies. Blockchain is among the prominent pharma trend in this industry. Increased investments, the growth of technology, increased inter-organizational collaborations, and a favorable regulatory environment are all …
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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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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,
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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