Saleem Beebeejaun Gives You Ultimate Guidelines Of Blockchain

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Blockchain Making Waves Around the World
-By Saleem Beebeejaun
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Blockchain technology is upcoming and needs to
gain trust among people.

• 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.

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A few established organizations are setting an
example and inspiring a lot others by
implementing blockchain technology

• To name a few
• Walmart
• British Airways
• Industrial and Commercial Bank of China
• Richline Group

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Walmart - Multinational Retail Corporation

• Walmart is an American multinational retail
  corporation that operates a chain of
  hypermarkets, discount department stores, and
  grocery stores.
• Blockchains role
• 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.
• Benefit
• Walmarts 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.

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British Airways (BA) is the largest airline in
the United Kingdom

• Blockchains role
• With blockchain, the record thats once made on
  the digital ledger cant be deleted and its easy
  to keep track of the transactions. 
• Benefit
• Reduced conflicting and overlapping information
  coming from gate monitors, flight apps, and the
  airline's website.

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Industrial and Commercial Bank of China

• Industrial and Commercial Bank of China is a
  Chinese multinational banking company and is one
  of the largest banks in China and the world as
  well.
• Blockchains role
• The bank aims to use a blockchain system to
  improve the efficiency of certificate issuance
  and save users from repetitively filing the same
  document to multiple entities. 
• Benefit
• "Traditionally users have to obtain a certificate
  from an authority that issues it, which does that
  manually. And then they present it to entities
  that require the certificate. This process is
  inefficient." the bank wrote in the document.

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Richline Group subsidiary of Berkshire Hathaway

• Richline Group, is a wholly owned subsidiary of
  Berkshire Hathaway that sells expensive and
  precious jewellery
• Blockchains role
• Richline Group Inc joined with IBM to develop
  blockchain technology to track the origin of
  jewelry and ensure it is ethically sourced.
• To track and prove the origin and ethical
  sourcing of jewelry is the role of blockchain.
• Benefit
• Avoids fraudsters and fake jewellery because the
  blockchain technology is tamper-proof.

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Sectors that use blockchain

• Medical
• Education
• Supply chain management
• Logistics
• A blockchain for health records will speed up
  applications and medical procedures.
• 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.

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