Blockchain technology has already made its impact on financial services. It now presents several significant opportunities in the oil and gas industry . Oil and gas companies with heavy transportation expenditure occurring from processes like freight audit and payment can drive substantial savings with blockchain.
Essentially, petroleum companies process thousands of freight transactions each day. However, reconciling freight invoicing against services with appropriate remittances proves to b...
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The applications of artificial intelligence (AI), and blockchain create several opportunities for the public sector and private sector enhancement. Both provide businesses with solutions that can radically enhance and streamline existing operations and processes. These emerging technologies enable every type of institution to create new business models and develop innovative solutions and services.
“Anything that could give rise to smarter-than-human intelligence…wins hands down beyond cont...
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Rising global costs and the fragmented nature of the healthcare supply chain creates several challenges. The healthcare industry needs efficient solutions that can streamline supply chain operations and processes in a cost-effective manner. Leading healthcare players are exploring blockchain technologies to achieve efficiencies and gain better control over their supply chains.
This blog post gives a high-level overview of blockchain implementation in healthcare to achieve transparency and en...
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While entering the distributed ledger technology domain, it’s unlikely that you won’t get to hear about open source Hyperledger projects. Maintained by the Linux Foundation, they mainly assist in solving the industry-level challenges.
Hyperledger: For Enterprise Blockchain Solutions
Although blockchain applications provide diverse industry solutions, they don’t fit everywhere. As different organizations have different requirements to satisfy their needs, blockchain cannot serve as a single...
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Blockchain technology provides secure mechanisms to digitize and accelerate banking processes. It overcomes challenges arising from traditional banking practices which are manual, inefficient, and time-consuming. Private and public blockchain blockchain solutions can revamp banking activities to provide following benefits explained in detail in this blog post.
Let’s first understand how blockchain technology augments banking processes
Blockchain ensures trust, transparency, efficiency, an...
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