Blockchain is becoming mainstream with its’ potential of becoming a must-use tech in a variety of industries. With the major forms and corporate embrace the technology, it is obvious that it is going to create a lot of jobs in the near future. Blockchain is helping the businesses to scale and solve complex problems simply and in a cost effective manner. So, let’s see what blockchain brings us this week.
Walmart’s Vegetable Tracking with Blockchain
Earlier this spring, people got sick after eating contaminated romaine lettuce. Walmart, like its peers have cleared them off its shelves. Now, Walmart wants this kind of scenario to not happen again in future. So, ultimately, blockchain comes to the rescue. It is aiming to create a better system where the contaminated leafy veggies can be easily identified. In a year from now, there will be more than 100 farms which need to input the details about the food in the blockchain before selling it through Walmart.
India to Fight Fake Drugs with Blockchain
Niti Aayog in association with Oracle, Stride Pharma and Apollo Hospitals will be fighting fake drugs with the help of blockchain technology. The biggest problem of one of the largest pharma industry is fake drugs. According to WHO, one in 10 medical products are fake ore falsified. There are better tableting machines, ovens, ingredients and packaging materials available in the market which eases the manufacturing of fake medical products that are easy to assemble as well.
Oracle is using the open source blockchain platform Hyperledger by adding the layers and making it an enterprise system to solve the fake drug problem in India.
Sierra Leone Launches Blockchain Bases Credit Bureau of the Future
Sierra Leone is planning to tackle two major barriers with blockchain which their citizens are facing. The lack of formal identification and the credit history to access financial services are major problems which need thorough background check of each Sierra Leone citizen. Fortunately, their government is smart enough to use blockchain to solve this problem. Dubbed as Kiva protocol, the distributed ledger technology is going to help the government issue national digital ID for their citizens which is secure in a blockchain.
This move will help people access financial services much better including taking loans for education, business and basic medical services.
Blockchain ID Lab Launched in Scotland
The 600,000 euro collaboration between the Scottish university and Hong Kong based blockchain Identification App firm Blockpass is about protecting personal data online. With growing personal data leaks, users are concerned about their privacy. Blockpass is operating from Merchiston Campus in Edinburgh Napier University as it researches the possibilities of using blockchain tech to curb online identity scams and thefts from hackers and online scammers. They’re seeking to build new data infrastructure which respects the rights of netizens along with their privacy. The 3-year partnership is all about research in a virtualized blockchain environment with 5 PhD students.
With so much happening in the blockchain technology, there’s still time for organizations to look at it, study and hopefully implement the awesome technology which will revolutionize industries which we never think of. Is your company ready for blockchain?