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There are several companies using blockchain technology. Since the emergence of blockchain in 2017-18 many people were skeptical about this new concept.
Many biased opinions have been given by different people. Some see cryptocurrencies as a bubble, while others see them as the currency of the future.
Crypto also gave birth to a new concept known as the blockchain. When many people came to know about this technology and its advantages many industries and companies started using this technology. Due to its security features, transparency, decentralization, and effectiveness.
Companies using blockchain
Several industries and sectors such as financial institutions, government agencies, logistics, healthcare, and retail industries have already adopted blockchain as a part of their day-to-day activity.
So what are the companies that already adopted this technology?
1. Mastercard
Mastercard is one of those financial institutions that have introduced blockchain technology to their system. The company has filed numerous patents related to blockchain technology and is exploring a range of potential applications.
However, MasterCard is exploring the use of blockchain technology to improve the speed, efficiency, and security of cross-border payments. They are also exploring the use of blockchain technology to create a secure and decentralized digital platform.
It is working on the use of blockchain technology to improve the transparency and efficiency of supply chain management processes.
They are also harnessing blockchain technology to enhance the security and efficiency of loyalty programs and reward systems.
2. Government of Dubai
Not only the government of Dubai but the Estonian government has used the blockchain to secure the nation’s health record.
The government sector of Dubai has been a leader in the adoption of blockchain technology, launching several initiatives in a variety of applications. Additionally, Dubai launched the Dubai Blockchain Strategy in 2016, to become the world’s first blockchain-powered government by 2020.
They launched DubaiPay, a blockchain-based platform for government transactions, in 2018. The platform is designed to improve the efficiency, security, and transparency of government transactions and services.
Additionally, Dubai launched the Dubai Blockchain Center in 2018. To promote the adoption and development of blockchain technology in Dubai.
In addition, Dubai also launched a blockchain-based platform for the Dubai Land Department, which is responsible for managing and maintaining Dubai’s land registry. The platform is designed to improve the efficiency and security of real estate transactions in Dubai.
These are just a few examples of the initiatives launched by the government of Dubai to explore and adopt blockchain technology. The government of Dubai is committed to leveraging blockchain technology to enhance the security, efficiency, and transparency of its operations and services.
3. Maersk
Many logistic companies have realized the potential of blockchain technology and adopted it in their system.
Maersk is a Danish multinational logistics company that has been exploring the use of blockchain technology for several years. The company has been using blockchain technology in its supply chain management processes. To improve the efficiency, transparency, and security of its operations.
Besides, some of the ways Maersk is using blockchain technology to track the movement of goods and containers through its supply chain, providing a clear and transparent record of the journey of these goods.
Maersk is using blockchain technology to automate specific supply chain processes, reducing the need for manual intervention and increasing the efficiency of these processes.
However, it is also used to reduce the cost of supply chain processes. Which eliminates the need for intermediaries and reduces the cost of transaction verification and reconciliation.
Overall, Maersk is actively exploring and adopting blockchain technology to enhance its supply chain operations’ efficiency, transparency, and security.
The company is a leader in using blockchain technology in the shipping and logistics industry. It is also working with other industry players to create a more efficient and secure supply chain system.
4. Pfizer
Many pharmaceuticals and healthcare sectors have adopted the use of blockchain. Which enhances the efficiency, security, and transparency of their operations and supply chain processes. Pfizer is one such pharmaceutical company that has been exploring the use of blockchain technology for several years.
Pfizer is exploring the use of blockchain technology to track the movement of drugs. Through the supply chain, from the manufacturer to the patient. This will help to improve the security and efficiency of the drug supply chain and to prevent the distribution of counterfeit drugs.
However, it has helped to improve the efficiency and security of clinical trials. The company is exploring to use of blockchain to securely store and share data from clinical trials, improving the accuracy and reliability of this data.
Although, Pfizer is using blockchain technology to securely store and manage patient data, improving the security and privacy of this information. Overall, Pfizer is actively exploring and investing in blockchain technology as a way to enhance its operations.
The company is committed to leveraging blockchain technology to improve the delivery of healthcare and to support the development of new treatments and cures.
5. Walmart
Walmart is one of the biggest retail industries. Walmart was facing a lot of issues in terms of providing quality products to consumers due to products getting damaged at the time it arrives at the store and there were lots of refunds from customers.
They couldn’t track the origin of this issue so they adopted blockchain technology to identify the source of the problem.
With the use of blockchain, Walmart can trace the journey of food products through its supply chain, from farm to store. This will help to improve the transparency and efficiency of the food supply chain and to prevent foodborne illnesses.
Besides, Walmart is using blockchain technology to automate specific supply chain processes, reducing the need for manual intervention and increasing the efficiency of these processes. It is also used to provide customers with detailed information about the products they purchase, including the origin to production methods of these products.
Overall, Walmart is actively exploring and adopting blockchain technology to enhance its supply chain operations. The company is a leader in using blockchain technology in the retail industry. It is also working with other industry players to create a more efficient and secure supply chain system.
Conclusion
Finally, we have covered all the companies using blockchain in their working system. Some industries and companies are still exploring the way of using blockchain technology because they have realized the importance and advantages that it offers.
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Dushyant is an enthusiastic and quick learner in all fields who likes to gain experience, loves to write, and works on his creativity. He loves to explore new things and information and has the potential to spread knowledge across the world. He believes in teamwork and helping others and has a strong belief in learning from our own life experiences and exploring more through our mistakes as everyone has a story to create. His hobbies include sports, drawing, learning new things, and a deep interest in geopolitics.
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