Blockchain technology is a great tool for banks, insurance, healthcare, pharmaceutical industry, supply chain in many sectors (agribusinesses, luxury, international trade distribution, wines and aeronautics and automobile), energy and real estate. Blockchains can replace many of the central "trusted third parties", including banks, notaries, land registry, and so on. distributed computer systems.

1. Medicines / Pharmacy
Blockchain technology can help improve drug integrity. It could save as many as one million lives annually if drugs can be identified clearly and tracked from production to consumption. DHL already works with Accenture to create a track-and trace serialization system using blockchain technology.

"At this time, the system has more than 7 billion unique serial numbers for pharmaceuticals. Scott Allison, DHL Healthcare's President, stated that the system can handle more than 1,500 transactions per minute.

Allison is not limited to the system's capabilities. Track-and-trace serialization, for example, can reduce costs, increase security, confidence, and eliminate data movement that is susceptible to error. Technology can provide additional verification information that cannot be altered. All participants are required to validate the element.

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

2. Fashion / Fashion
CGS allows consumers to track every step of a garment's life cycle. This allows companies from all three sectors of fashion, apparel, and consumer goods to collaborate. This solution allows consumers to no longer rely on sustainability fashion's value blindly. Blockchain technology allows for the tracking of sustainability and conformity.

3. Payments across borders
Access to capital is often a problem for small food producers in developing and underdeveloped nations. Binkabi, a cross-border agricultural trading platform, is pioneering new ground thanks to a Sweet bridge block bridge solution. A fair trading system is being developed.

IBM recently announced a blockchain banking solution. This will make international payments more efficient and faster. To know more details visit https://theotherfruit.io

4. Food safety
IBM has partnered with Dole, Nestle and Walmart to improve food safety. The data of all the parties involved, including the processors, traders and breeders, as well as the supervisory authorities, are made available. All transactions can be tracked and all information can be viewed about the food. The blockchain allows all food industry members to quickly remove contaminated food from its supply and production chains before it reaches the shelves.

Blockchain technology is used by the World Wildlife Fund (WWF), to "track" seafood and fish. The technology will be used to combat illegal fishing. Fish wholesalers and retailers are also interested in full traceability of seafood and fish, as it helps to protect their brands and products from being linked to illegal activities.

"CONSUMERS ALSO INCREASINGLY LANDERING FOR FULLY TRACEABLE FOOD AND SEAFOOD, WHICH ARE NOT FROM ILLEGAL FUELING," states Bubba Cook (WWF's Western Central Pacific Tuna Manager).

5. Humanitarian Crises
Companies are not the only ones who use blockchain technology. The United Nations uses blockchain technology in 16 different areas currently, including:

* World Food Program (Refugee Aid).

* Office for the Coordination of Humanitarian Affairs (donor funding, safeguarding and monitoring of supply chain)

Mahrinah von Schegel, Nonprofit Embassy 2.0's Managing Director, said that it is also being explored how blockchain technology could be used to address current problems such as child trafficking.

Accenture and Microsoft have announced a partnership as part of the ID2020 public-private partnership. It is hoped that 1.1 billion people will have legal forms of identity and can be identified using blockchain technology.