UPGRADE. ENABLE. REPLACE.
DISRUPT: 4 WAYS BLOCKCHAIN WILL RESHAPE YOUR BUSINESSToday, transactions are managed by traditional Institutions and validated by a central authority. Each entity has its own centralized system and customers trust the current monetary system and institutions to manage money on their behalf
THE EVOLUTION OF BLOCKCHAIN
PUBLIC VS PRIVATE
Bitcoin, Ethereum and other cryptocurrency-based blockchains are permissionless: anyone can run a node, join or leave a network, and information is accessible to everyone. When consulting and technology companies became interested in blockchain, they started to work on new solutions that could be suited for enterprise needs: the new idea was to create blockchains that could serve a specific purpose other than managing a cryptocurrency and that would exclusively allow authorized members to access the network (permissioned). This led to the differentiation between public and private blockchain, which gathered interest from financial institutions and other companies that were previously not comfortable with Bitcoin concepts.Blockchain is an adaptive and innovative technology (o solo adaptive innovation) that has the potential to change current systems and businesses. Its potential impact extends far beyond banking and financial industries. In fact, blockchain’s applications range over multiple industries and fields.
MEDIA ROYALTY ASSURANCE
The media industry has traditionally been highly intermediated: artists’ contracts written years ago do not necessarily reflect the way music is consumed today, and royalty payments depend upon airplay statistics gathered by music labels and copyright databases maintained by licensing bodies..
ENERGY,OIL AND GAS
Smart grids are the evolution of electrical grids with controls, computers, automation and new technologies working together to better meet electric utility demand. This ecosystem includes smart meters, smart appliances, renewable energy resources and communication protocols.
ENERGY,OIL AND GAS
Smart grids are the evolution of electrical grids with controls, computers, automation and new technologies working together to better meet electric utility demand. This ecosystem includes smart meters, smart appliances, renewable energy resources and communication protocols.
RETAIL & SERVICES SUPPLY CHAIN TRACEABILITY
Supply chain tracking and authentication,understanding food provenance and condition,are critical in finding and helping address sources of contamination and unexpected incidents in the worldwide supply chain. The main challenge is setting up technology for every supply chain actor, to collect data and make it available along with data across the supply chain. For example, innovative data entry tools running on smart- phones, with Cloud technology back-ends, are expected to allow field workers to share relevant data, thus improving supply chain efficiency, Identifying bottlenecks and reducing waste.
PUBLIC & HEALTH
HEALTHCARE DATA MANAGEMENT
Blockchain can transparently track the provenance of goods as they pass from one or ganization to the next, building trust and cannot be altered. awareness in the process.Blockchain provides a permanent record of trans When applied to the supply chain, product information is digitally tied to item and then inserted in the blockchain, along with every other step of the process.own record of patients’ medications, frequently with outdated or incorrect information. As a result, providers in different networks, may not have complete visibility of prescriptions. Additionally, electronic prescriptions must be directed to specific pharmacies and paper prescriptions can be duplicated or lost.
FINANCE & INSURANC
POLICY AUTOMATION
Insurance policies are contracts between the insurance company and the insured (policyholder).The contract determines the conditions where the policyholder has financial coverage in case of a specific event. Today policies are created and managed through the use of insurance companies’ proprietary platforms and through detailed analysis of conditions and events in order to make payment decisions in the claims process. DESCRIPTION Smart Contracts and Oracles can improve insurance policies. Smart contracts can encode the logic of the policy and oracles can provide trigger events from reliable information sources.