Blockchain technology is not just gaining popularity and burgeoning but is also being implemented in real time. We need the inspiration to start or implement new ventures. Blockchain technology is one such technology that is upcoming and needs to gain trust and inspire people to use it. A few established organisations are setting an example and inspiring a lot of others by implementing blockchain technology.
Here are a few companies using blockchain technology and changing the way they work.
Walmart
By using blockchain in supply chain management, all the stages can be recorded permanently in the digital ledger. From the first to the last stage, that is, reaching the customers, employees can track some products back to their roots. Walmart’s employees use this to scan their products to see where the product has come. Even customers can use this and understand where their food comes.
British Airways
To reduce conflicting and overlapping information coming from gate monitors, flight apps, and the airline's website, the airline tested using blockchain to manage data about flights between London, Geneva, and Miami in 2017. Because with blockchain, the record that’s once made on the digital ledger can’t be deleted and it’s easy to keep track of the transactions.
Industrial and Commercial Bank of China
Verifying and validating can be a tedious process when it comes to banks but it can’t be neglected and mustn't have any errors. This bank uses a way to verify digital certificates instead of a trusted central authority. ICBC has also filed for its patent.
Richline Group
Richline Group, a wholly owned subsidiary of Berkshire Hathaway, sells expensive and precious jewellery. It is crucial for these type of industries to be vigilant in their transactions and be aware of the roots of the jewellery to avoid fraudsters and fake jewellery. Richline Group is using blockchain to streamline their supply chains.
We can apparently see how blockchain is taking its baby steps. Not only organisations are adapting to it but also to sectors like medical, education, logistics are. A blockchain for health records will speed up applications and medical procedures, and in education, it can be used to create digital transcripts that will consist of people's details like school records, including courses completed, test scores, diplomas, degrees. The impacts may or may not be huge but are definitely efficient. This technology is growing bigger and better with new ideas coming in.
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