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How Blockchain Technology Is Making the World Better?
Blockchain technology might help immensely in banks, insurance, health insurance and pharmaceutical industry, supply chain of several sectors (agribusiness, luxury, international trade, distribution, wines, aeronautics, and automobile), music industry, energy, and real estate. more info have the potential to replace the majority of the centralized "trusted third parties" including banking trades, notaries, land registry, etc. by distributed computer systems.

1. Medicines / Pharmacy
Blockchain technology can be used to improve drug integrity. If drugs could be clearly identified and tracked from production to consumption, it might save up to 1 million lives each year. Because DHL is already working with Accenture to establish a track-and-trace serialization system predicated on blockchain technology.

"At the moment, you can find already a lot more than 7 billion unique pharmaceutical serial numbers in the system. In addition, the system can now handle a lot more than 1,500 transactions per second," said Scott Allison, DHL's President, Healthcare.

Allison has not only the capacity of the system at heart. For example, track-and-trace serialization should reduce costs, increase security and confidence, and eliminate error-prone data movement. The technology can truly add additional verified information to the element, which cannot be manipulated. The validation is carried out by all participants.

"THE SYSTEM NOT MERELY MEETS THE GLOBAL SERIALIZATION REQUIREMENTS, IT EVEN SURPASSES THEM," Says Allison

2. Fashion / Fashion
The CGS project allows consumers to track the complete lifecycle of a garment. This includes companies from the style, apparel and consumer goods sectors to work together. With this particular solution, consumers no longer have to rely blindly on the worthiness in sustainability fashion. Blockchain technology allows tracking of sustainability and conformity of the garment

3. Cross-border payments
In developing and underdeveloped countries, usage of capital for small food producers is often a big problem. Binkabi is a cross-border agricultural trading platform that is breaking new ground by making use of a block bridge solution from Sweet bridge. Thus, a system for fair commodity trading is usually to be developed.

A blockchain banking solution has been announced by IBM. That is intended to make international payments faster and more cost-effective.

4. Food safety
In the area of food safety, IBM is working with food manufacturers Dole, Nestl�, and Walmart. Thus, the data of breeders, suppliers, processors, traders, retailers not only to all parties involved but additionally to the supervisory authorities and individuals are available. So every transaction can be traced and all information about the food can be looked at. With all members of the meals system having access to the blockchain, contaminated food could be quickly taken off the production and offer chain before it reaches the shelf.

The World Wildlife Fund (WWF) "tracks" fish and seafood using blockchain technology. In this project, the technology should assist in the fight illegal fishing. However, full traceability of fish and seafood is also of interest to fish wholesalers and fish retailers, as they desire to prevent their products or brands from being associated with illegal activities.

"INDIVIDUALS ARE ALSO INCREASINGLY SLANDERING FOR FULLY TRACEABLE FISH AND SEAFOOD THAT ARE NOT FROM ILLEGAL FISHING," says Bubba Cook, WWF's Western Central Pacific Tuna Program Manager.

5. Humanitarian Crises
Blockchain technology is not only used by companies. The United Nations currently uses blockchain technology in 16 areas, including:

� World Food Program (Refugee Aid)

� Office for the Coordination of Humanitarian Affairs (donor financing, safeguarding, and monitoring of supply chains)

In addition, it is becoming investigated how blockchain technology may be used to tackle current problems, such as for example child trafficking, in accordance with Mahrinah von Schlegel, Managing Director of Nonprofit Embassy 2.0.

Within the public-private partnership ID2020, Microsoft and Accenture have announced a partnership. The target is to give 1.1 billion people a legal type of identity and identification using blockchain technology.

6. Jewelry
In collaboration with Everledger, the jewelry company Brilliant Earth intends to utilize blockchain technology to accurately track the origins of diamonds along with other gems. This ensures that only conflict-free stones are processed.

One of the best examples of blockchain technology is Feelium. Feelium supplies a tokenized platform that may allow contractual transactions to become simpler and much more secure.The Feelium platform has a few unique features such as a centralized blockchain platform in lieu of a decentralized platform, private key retrieval, and cloud storage. Feelium aims to be a one-stop trading platform which you can use by anyone, in B2B and B2C scenarios.
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