Blockchain Development For Cross-Industry Use-Cases

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Welcome In OnGraph Technology









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Blockchain Development For Cross-Industry
Use-Cases

• Blockchain is a fastest growing technology. Every
  industry has kept an eye on it to address the
  existing roadblocks with this technology that
  comes on the way to provide better service to the
  customers,Hire Blockchain Developers here we aim
  to showcase use cases of blockchain technology in
  various areas. You can read Blockchain Potential
  Applications and Disruption the first
  installment of blockchain use-case series to
  better understand and get an insight of this
  powerful technology.

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1. Optimise Humanitarian Aid Would you donate
funds if you werent sure how much of it would
spend on relief projects? This question pop-ups
in every individuals mind whenever he/she came
across to know crises in any part of the world.
According to the UN Office for the Coordination
of Humanitarian Affairs (OCHA), there is enormous
funding gap witnessed every year that required
for relief projects to address the requirements
of refugees suffered by conflict, climate change,
famine and other crises.
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Blockchain technology is changing this by making
the delivery of international aid completely
transparent.

• Humanitarian organizations are embracing
  blockchain technology to erode issues in raising
  fund for relief projects. These organizations are
  looking to Blockchain Development Services which
  could help them sidestep costly intermediaries,
  track the flow of funds and resources from a
  donation. Simultaneously, data when record over
  blockchain will also allow people beneficiaries
  and donors alike the ability to be aware of
  where their resources are going.
• A real-time transaction would be possible over
  distributed ledger that helps restore faith in
  humanitarian aid while eroding fraud and
  corruption.

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• 2. Revolutionise Supply Chain Logistics and
  supply chain management typically span a vast web
  of incremental steps including packaging,
  loading, transportation, offloading, warehousing,
  consignment changes, etc., along with security
  checks at each mode. The logistic chain has been
  an intricate process hence involved more
  challenges to maintain accurate and timely
  information about each transit segment.
  Communication gaps compound across logistics
  chains, which profoundly compromises the ability
  to foresee illegal dealings or uncertain
  circumstances, thus increasing costs, propounding
  delays and inefficiencies, therefore calls
  visibility at every point of interaction.

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Blockchain Application Development Services
efficiently resolves each of these constraints.
The technology supports traceability (not food
specific).

• Tracking and tracing systems help validate claims
  and the absence and presence of attributes
  essential to a consumer. Several sectors and
  countries are embracing ledger technology as a
  significant need in regulatory requirement. The
  industry is looking to adopt smart contracts to
  reduce the cost and end-to-end processing and
  delivery time. Furthermore, the sector is
  foreseeing blockchain network as a robust tool to
  fight for product counterfeiting and protect the
  brand values.

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3. Track Learning Experiences Some universities
and institutions have begun using blockchain into
the system, however, its application is
restricted to academic degree management and
summative evaluation for learning outcomes.
Universities embracing blockchain to opt for a
secure, low-maintenance way to manage and share
students academic data.
As the technology serves an immutable record,
education industry finds it appealing to manage
and secure official source such as a
registrars database. Massachusetts Institute of
Technology Media Lab in 2015 has already
developed and applied prototype as part of an
open-source blockchain project to issue
cryptographically signed digital certificates to
lab members.
Blockchain also affords the ability for students
to create a robust record of formal and informal
learning experiences and augment that in a way
thats more appealing to employers. Until now,
educational institutions hold the primary
ownership of transcripts and educational records.
On blockchain network, other education providers
can share information that students can take
advantage.
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As a distributed ledger technology, blockchain
works on cryptography techniques and distributed
consensus algorithms. Its currency properties
holds the potential to trigger several innovative
applications for education. Though it is
undeniable that there are potential drawbacks to
applying blockchain technology in education, but
the education industry has a complex system.
There is some learning behavior, learning
outcomes and teaching patterns that need to be
evaluated subjectively. For example, classroom
presentation is hard to assess by the
pre-programmed smart contract without human
intervention.
Hence, there is a long way to cover in learning
and evaluation system with blockchain, and all
will be possible with more innovation in
blockchain technology.


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4. Empower Automotive Vehicles If you have
brought a new vehicle in the past few years,
probably you came across models that can parallel
park themselves or brake automatically to avoid a
crash. If you thought those features were
impressive, you have not seen anything yet. Get
ready to take your hands off the wheel
completely, as autonomous vehicles and
self-driving cars take over the roadways.
Auto Giants Like Mercedes and Toyota have already
spent million dollars on the development of
blockchain pilot. They believe the technology
will soon influence the automotive sector both
economically and technically. The entire
lifecycle of cars can be optimized from
production to sale, from repair to insurance,
from financing to providing spare parts.
Perhaps the most exciting thing is Toyota is
focusing on the use of smart contracts to
blockchenize cars for automatic payments in
preparation of a self-driving future,
Mercedes-Benz seems more focused on traditional
financial applications.
Though the blockchain has distant transformation
effect on the automotive vehicles, we will need
to wait for a decade to live within digitally
connected vehicle we dream today.
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5. A Game Changer for Media Entertainment
Blockchain holds the potential to revolutionize
the media industry in the same ways that the
internet did 20 years ago. Blockchain with all
its significant features such as decentralized
systems, immutability, traceability, and
cryptography benefits the television and media
industry as a whole in several ways through
advertising, distribution, and content creation
and verification. Whether the goal is better
security and customer privacy or more
flexibility, the end game is the same
eliminating or at least lessening the impact of
the middleman.
Using Ethereum Smart Contracts, blockchain
solutions supports immutable data records to the
industry for battling piracy. Crowdfunding for
new projects (like video/movie making), combating
fake news, and a more secure rights
(subscription) payments will be possible by using
blockchain in media and entertainment.
For instance, Open Music Initiative which has
200 members including industry giants such as
Sony Music, Warner, YouTube, Netflix, and
Spotify, with the goal of improving royalty
payment transactions. Though the immediate impact
of blockchain technology is being felt at the
corporate level of media, innovation in
technology help the industry overcome bottlenecks.
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