Blockchain
Use Cases in Public, Finances, Healthcare and Governance
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a shared record of data maintained by a network of computers, rather than a trusted third party
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Issues: Elections have many issues such as Lack of transparency & trust in the voting system, Hacking of political party’s emails, Auditability of votes, Accessibility, and Security of votes.
Solution: Blockchain is adopted by countries, for creating a system which can be helpful in quicken the pace of work without hampering the efficiency of the system, enhancing the transparency, end-to-end verifiable and fully-transparent voting solution for this future.
COUNTRIES who used Blockchain for elections:
ensuring uncorrupted elections
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In the blockchain, you can store personal data, such as a CV or identity card, as in a picture book. With our project we show how easy and comfortable that can be for the user.
Developments in India
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Blockchain policy by Government - including NITI Aayog of India
counterfeit pharmaceuticals account for 70% of all drugs in the supply chain.
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Chief Executive Officer of NITI Aayog Amitabh Kant says
There is a need to use blockchain to track and trace medicines and spurious drugs. Therefore, NITI Aayog, in collaboration with Apollo Hospitals and Oracle, is putting pharmaceutical supply chain in blockchain for complete traceability of drugs from manufacturer to consumer to protect our citizens from the menace of spurious medicines.
The government has to play a leading role in allowing the application of blockchain technology. As the government, we need to make it easier to apply blockchain in pressing areas such as land registry, records, fertiliser subsidy distribution and health records..
https://economictimes.indiatimes.com/topic/International-Blockchain-Congress-2018
Counterfeit prevention in pharmaceuticals
track and trace pharmaceutical products between trading partners - Architecture
user can trigger alerts for products resulting in prevention of further shipment or dispense.
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user can trigger alerts for products resulting in prevention of further shipment or dispense.
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Spotify acquires blockchain startup Mediachain to solve music’s attribution problem - src
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A transparent ticketing ecosystem - Guts
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GUTS uses blockchain technology to issue honest tickets that put an end to disgraceful secondary market, helps fans, artists, venues & organizers
Create the Food Trust - src
across the ecosystem of food producers, suppliers, retailers and more
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Track food supply chains & improve safety - src
tracking a fruit's shipment history
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blockchain can quickly trace the hundreds of parties involved in the mass production and distribution of food, it is expected to make it easier to identify the source of potential contamination during food safety scares.
end-to-end transparency in the global food system
Blockchain Startup PARAM Looks To Solve The Multibillion Dollar E-Invoice Processing Problem and bring transparency to the system
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Currently, up to 90% of the 550 Bn invoices generated every year are processed manually, with the departments right from purchasing, accounts to others’ marketing and operations.
The average amount spent on every invoice varies from $11 – $15 per invoice.
Data Must Be Democratised.
Trust Deficit Not Good For Business
PARAM is a permissioned public blockchain - src
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The transactions on PARAM are well-structured on-chain for querying for any kind of data. Every single node on the network has got two databases — a public database and a private database. The public database shares only a hash and it’s the private database which contains the invoice.
For the public network, we have used Ethereum 2.0 while the private blockchain is based on Quorum.
PARAM’s solution takes care of a range of transactions that happen pre and post-payment.
Businesses and vendors can do transactions with many players simultaneously. The company has also created a free wallet for end consumers.
The invoice transfer occurs only peer-to-peer..
Supply chain data is not always visible, available or trusted.
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IBM Blockchain helps supply chain partners share trusted data through permissioned blockchain solutions where businesses and consumers get the brand guarantee & product authenticity while supply chain participants demand responsible sourcing and better visibility to minimize disputes:
TradeLens TRADE MADE EASY - src
an open and neutral supply chain platform, built by IBM and Maersk.
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Transform container logistics by freeing yourself from legacy data systems, manual document handling and poor visibility:
2 primary benefits to publishing data to TradeLens:
Trusted vaccine distribution enabled with blockchain - src
Ensure the trust of vaccines from inception to injection
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IBM and Moderna plan to explore blockchain, AI and hybrid cloud for smarter management of COVID-19 vaccine supply chain and distribution data sharing.
With a vaccine distribution network powered by IBM Blockchain:
Benefits:
Dubai, the first city to get fully powered by Blockchain
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..provide car manufacturers, dealers, regulators, insurance companies, buyers, sellers and garages with a transparent record about the vehicle’s history from the manufacturer to the scrap yard..
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OpenBazaar - src
an attempt to build a decentralized market where goods and services can be traded with no middle-man
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Blockchain Through the Years: History and Recent Applications - src
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Blockchain Mind Map - src
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The potential industry disruptions included in the infographic are below - src
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Legal: Smart Contracts stored on the blockchain track contract parties, terms, transfer of ownership, and delivery of goods or services without the need for legal intervention.
Supply Chain: By utilizing a distributed ledger, companies within a supply chain gain transparency into shipment tracking, deliveries, and progress among other suppliers where no inherent trust exists.
Government: Blockchain offers promise as a technology to store personal identity information, criminal backgrounds, and “e-citizenship,” authorized by biometrics.
Energy: Decentralized energy transfer and distribution are possible via micro-transactions of data sent to blockchain, validated, and re-dispersed to the grid while securing payment to the submitter.
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Food: Using blockchain to store food supply chain data offers enhanced traceability of product origin, batching, processing, expiration, storage temperatures, and shipping.
Retail: Secure P2P marketplaces can track P2P retail transactions, with product information, shipment, and bills of lading input on the blockchain, and payments made via Bitcoin.
Healthcare: Electronic medical records stored in a blockchain, accessed and updated via biometrics, allow for the democratization of patient data and alleviate the burden of transferring records among providers.
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Insurance: When autonomous vehicles and other smart devices communicate status updates with insurance providers via the blockchain, premium costs decrease as the need for auditing and authenticating data vanishes.
Travel and Hospitality: Passengers store their authenticated “single travel ID” on the blockchain for use in lieu of travel documents, identification cards, loyalty program IDs, and payment data.
Education: Educational institutions could utilize the blockchain to store credentialing data around assessments, degrees, and transcripts.
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https://www.forbes.com - Entertainment, Social Engagement, Retail, Supply chains and logistics, Insurance, Healthcare, Real Estate, Charity, Financial Services
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Blockchain in healthcare is ALL about removing the middleman - src
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What Blockchain has to offer ?
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What are art NFTs?
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NFTs can be physical pieces of artwork that are digitized, or they can be natively created using digital tools. An art NFT is a piece of art that is minted onto a blockchain, therefore becoming a non-fungible token (or NFT). So, NFT, are a bit like digital trading cards or collectible items in the virtual world:
Digital Collectibles: These are special, one-of-a-kind digital items, like a rare and unique sticker in a sticker book. Each NFT is different and can represent things like digital art, music, videos, or even virtual pets.
Blockchain Magic: NFTs use blockchain, which is a super-secure and transparent digital record book. This blockchain keeps track of who owns each NFT and its history.
Ownership Proof: When you own an NFT, it's like having a certificate that says, "You own this special digital thing." This proof is stored in the blockchain, and it can't be faked or copied.
Buying and Selling: People can buy and sell NFTs, just like trading cards or toys. When you buy an NFT, it's recorded in the blockchain, so everyone knows you have it.
Show and Tell: You can show off your NFTs to your friends online or even in special virtual galleries. It's a way to say, "Look at my cool, unique digital stuff!"
Ex: https://opensea.io/learn/art-nfts, https://rarible.com, https://superrare.com
References
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