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How Blockchain Addresses Issues Surrounding Data Ownership and Privacy?

Social media giant Facebook recently had to bear the brunt of regulators for mishandling user data. According to report shared by New York Times, Facebook had shared sensitive user data with more than 60 device makers, including Apple and Samsung thereby staking confidential data of millions of users. While the internet giant has blatantly refuted all the allegations levelled against it and has constantly tried to justify its stand, the fact remains that its user data has been spread or hacked way beyond boundaries that are no longer within the control of the company. This and constant drumbeat of similar other high-profile instances have pushed the tipping point when people have started believing that the internet they have been relying on is actually broken. Continue Reading

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Streamlining the Cold Supply Chain with a Blockchain Powered Solution

The supply chain ecosystem has become extremely complex with an ever-increasing number of players involved in developing, manufacturing, marketing, and distribution of products. One of the most indispensable links of the supply chain that concerns the transport, as well as storage of temperature-controlled logistics (food and pharmaceutical) is the cold chain. Over the years, the cold supply chain landscape has undergone major changes, with 90 % of nearly all shipments making up for controlled room temperature products (CRT). However, managing the Cold-Chain integrity for perishable food items and biopharmaceuticals such as vaccines has become challenging with half of the products being lost in transit leading to escalating costs and low accessibility. Continue Reading

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How Can Blockchain Streamline the Fragmented Agricultural Ecosystem?

The agricultural sector of the country is the primary means of income for over 58% of the rural families. Yet it is plagued by several problems and challenges. However, the grim situation of the Indian Agricultural industry has finally managed to gather the focus and attention it rightly deserves with the Central Government encouraging the adoption and implementation of disruptive technologies such as AI, IoT and Blockchain to resolve issues plaguing the Agri industry. In fact, PM Narendra Modi in his inaugural speech during the 22nd Edition of the World Congress on Information Technology strongly advocated and encouraged the adoption of these technologies across different industries with a special mention about the agriculture and horticulture sectors. Continue Reading

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How Does Blockchain Address the Pain Points of Islamic Banking?

Raghuram Rajan – one of the most prominent economist and 23rd Governor of RBI (Reserve Bank of India) suggested in his 2008 report on the Financial Sector that interest-free banking (Islamic banking) should be practiced on a large scale. This was recommended with an intention to provide access to people from economically backward society with little to no access to banking services. Continue Reading

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15 Innovative Blockchain Use Cases that has Revolutionized the Technology Landscape

The technology landscape is abuzz with a new yet promising technology, ‘Blockchain’. The distributed ledger technology (DLT), has disrupted the IT landscape in ways that has not been witnessed since the arrival of internet. The technology that underpins Bitcoin will make organizations more transparent, democratic, decentralized, efficient, and secure. While the most apparent application of Blockchain Technology is in the Financial services industry, the technology has also found application across several other industries. Continue Reading

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Securing Automotive Supply Chain with a Blockchain Based Solution

The automotive industry is moving quickly towards an era of intense change. In fact, the future of this industry will be starkly different from that of today and will soon be more than just an industry about vehicles. However, the current industry landscape is exposed to certain challenges such as counterfeiting, lack of transparency, inefficient recall management and more. These challenges have pushed businesses to fine-tune their supply chain strategies and operations, as an optimized supply chain can prove to be a critical element that can set businesses (automakers) apart from their competitors. Continue Reading

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Addressing the Pain Points of Food Industry by Implementing Blockchain in the Food Supply Chain

On a cold November morning in 2012, agents of the U.S. FDA (Food and Drug Administration) paid a surprise visit to ‘Castle Cheese Inc’ - a cheese factory based out in rural Pennsylvania. The company that was till then known for selling 100 percent real parmesan to some of the most renowned grocery chains was found to use substitutes and fillers such as wood pulp in their product. What followed next was an untold story of fraud and deceit about a company that had been known for manufacturing and distributing safe, healthy and honest product for almost a century. Continue Reading

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Ensuring Efficient Implementation of CSR Activities with a Blockchain Based Solution

In the words of Winston Churchill “Responsibility is the Price of Greatness”
Firms and businesses have a similar responsibility, as well as commitment towards the social and economic development of their stakeholders, community and the society at large. In fact, the practice of CSR or Corporate Social Responsibility as a business model has evolved from being a slogan that was considered trendy by some firms to the current era where it has become more of a business requirement rather than just an option. Continue Reading

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