Expanding the Practical Use of Blockchain Technology Within Insurance | Bitcoin Magazine
“As insurers increasingly rely on partnerships to create business efficiencies and improve customer experiences, blockchain technology will be critical to holding partners accountable without first needing to establish trust.”
Source: Expanding the Practical Use of Blockchain Technology Within Insurance | Bitcoin Magazine, Jimmy Aki, July 9, 2018
Read MoreTop 10 New Blockchain Companies To Watch For In 2018 | Forbes
thousands of innovative companies around the world are trying to solve market inefficiencies by leveraging the benefits that blockchain technology provides. These companies can be found in every industry, from content creation and transportation to financial services.The blockchain ecosystem flourishes due to tokenized economies, developers, service providers and entrepreneurs who are breaking the mold. Here are 10 companies on my radar using blockchain technology as a core piece of their business to make a difference.
Source: Top 10 New Blockchain Companies To Watch For In 2018, Andrew Rossow, July 10, 2018
Read MoreBlockchain IS Changing Everyday Life | LinkedIn
Reducing Food-borne illnesses, Eliminating Big Data breaches (self-sovereign identity) & Prevent Counterfeiting
Source: Blockchain IS Changing Everyday Life | LinkedIn, Jerry Cuomo, July 7, 2018
Read MoreSome Simple Economics of the Blockchain by Christian Catalini, Joshua S. Gans :: SSRN
They also challenge the existing revenue models and accumulated knowledge and resources of incumbents, and open opportunities for new approaches
Source: Some Simple Economics of the Blockchain by Christian Catalini, Joshua S. Gans :: SSRN, Christian Catalini & Joshua S. Gans, Written: Nov 2016. Last revised: 21 Sep 2017
Read MoreWhat Blockchain Can’t Do
As the ecosystem around blockchain technology develops, new types of intermediaries will emerge that turn the last-mile problem, of keeping digital records in sync with their offline counterparts, into actual business opportunities. While the technology is early stage, as these key complements mature, blockchain has the potential to fundamentally reshape ownership over digital data, and the digital platforms we use every day.
Source: What Blockchain Can’t Do, Catherine Tucker & Christian Catalini, June 28, 2018
Read MoreDeloitte Blockchain Boss Departs To Build Ethereum Supply Chain
there are a number of entirely new business models that could be tapped by moving the supply chain to a shared, distributed, immutable ledger.For example, Coble described future supply chain products that flipped the current system on its head by letting parts suppliers publicly broadcast real-time details about unused goods that could be used in any number of products.Coble described her vision for this type of functionality in the future:It provides an environment, a marketplace, for trading partners across the supply chain to be in one place. It allows for this new buy and sell functionality that has never been put together.
Source: Deloitte Blockchain Boss Departs To Build Ethereum Supply Chain,
Read MoreBlockchain-Based Marine Insurance Is Live
Over the first year of its use in a commercial environment, the group expects Insurwave to execute over half a million automated blockchain transactions for more than 1,000 vessels. EY also plans to extend the application to other types of business insurance, including global logistics, aviation and energy.
Source: Blockchain-Based Marine Insurance Is Live, Sead Fadilpašić, May 25, 2018
Read MoreWal-Mart and IBM want to harness blockchain to improve food safety | The New Food Economy
The Walmart-IBM software may facilitate digitization, certificate management, and interoperability. But while these things can improve traceability and transparency, the human element of the food supply chain is far more resistant to control and far less predictable. If the ultimate success of the blockchain relies on self-governance, we may be a long way from it being a food traceability backbone we can truly rely on.
Source: Wal-Mart and IBM want to harness blockchain to improve food safety | The New Food Economy, Jessica McKenzie, February 4th, 2018
Read More3 Innovative Ways Blockchain Will Build Trust In The Food Industry | Forbes
For example, let’s say dozens of customers fall ill with listeria after eating at a restaurant chain. The restaurant tests the food and discovers raw vegetables are the culprit. Using a blockchain track-and-trace solution, the restaurant will be able to track the serial number associated with the vegetable shipment back to the distributor and then to their original supplier. If they find the vegetables are contaminated, that supplier will immediately be flagged on the blockchain, and anyone who has sourced or bought the vegetables will be made aware of the danger.
Source: 3 Innovative Ways Blockchain Will Build Trust In The Food Industry | Forbes, Samantha Radocchia, April 26, 2018
Read MoreBlockchain in action: 5 interesting examples | The Enterprisers Project
“In deciding whether to use blockchain, it is helpful to think about whether [its] unique characteristics provide business value. For example, if an industry has no system of trusted middlemen – or if existing middlemen are expensive or otherwise add friction – blockchain might be a good fit.”
Source: Blockchain in action: 5 interesting examples | The Enterprisers Project, Kevin Casey, July 02, 2018
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