Over the past decade, the transportation industry has witnessed significant changes with the adoption of ridesharing landscape. Companies like Uber and Lyft have become the fabric of modern transportation, while also recording substantial revenues. The industry remains ripe for opportunities and ridesharing valuation is expected to grow up to $285 billion by 2030. However, it …
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https://stock.adobe.com/images/web-technology-concept-of-smart-contract-crypto-currency-block-chain-computing-algorithm-agreement/421365540?prev_url=detail Blockchain is expected to become one of the most important and indispensable technologies for the automotive industry throughout the world. With its unmatched features offering security, traceability and transparency of information and transactions, blockchain has utmost potential to strengthen the automotive supply chain process. In this respect, leading car makers are experimenting with the …
Cobalt Supply Tracking using Blockchain in Automotive Industry Read More »
Over the past decade, owing to challenges posed by climate change there has been an urgent global pursuit to a form of energy system in which energy production, transmission, distribution and consumption can all take place in a more sustainable manner. One such mechanism that enables all these processes to take place at a single …
The logistics industry is a lucrative industry along with being an essential part of the supply chain of several daily life products and raw materials. The industry has become saturated in recent times, and inefficient practices coupled with human errors in shipments and labels have resulted in significant losses for logistics companies. According to an …
Siemens has just made a foray into the world of blockchain technology. In a press release on November 21st, the company announced that currently, two of its energy divisions, Energy Management and Power Generation Services will be partnering with Energy Web Foundation’s (EWB) open source blockchain. The press release also noted that Siemens is already …
Energy Industry and Blockchain – Is Siemens the tipping point? Read More »
General Motors filed a patent application very recently at the USPTO for using blockchain as a data exchange platform for self-driving cars. The patent was filed by the GM Global Technology Operations LLC and has a wider aim of using blockchain among a plurality of entities to share event information related to vehicle operation. One …
Throughout the past decade, we have seen the Blockchain wave. Many real-life applications and use cases have been proposed in this past decade. But come 2019, everyone’s talking about Blockchain Winter. That blockchain is just hype. And that nowhere it is being implemented. Well, that’s not correct entirely. Agriculture and food industry are proving to …
Blockchain technology is the backbone of cryptocurrencies. The tokenization that turns blockchain into a valuable commodity isn’t a necessary step in the process. Even without this step, blockchain is a way to securely and efficiently record and transfer data. As a result, it’s turning up in a lot of places other than cryptocurrencies. One of …
Bitcoin has been around for a while now, and so have its proponents. Blockchain the underlying technology of cryptocurrencies like bitcoin is poised to revolutionize the finance industry and has the potential to transform the world economy. And of the potential new avenues for blockchain, perhaps none is more promising than the food supply chain. …
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Remittances and other cross-border financial payments are a large and technically challenging aspect of global finance. Because of the need for permissions and rules for use in cross-border payments, private blockchains are receiving increased attention in this space. Current Challenges In conventional cross-border payments, the transaction is handled jointly by the Society for Worldwide Interbank …
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