How Blockchain Technology Is Better?

Blockchain technology will help tremendously in banks, insurance, pharmaceutical and health business, supply chain of several industries (agribusiness, luxury, global trade, supply, perfumes, aeronautics, and auto ), music business, energy, and property.

Blockchains have the capacity to replace the majority of the centralized"trusted third parties" such as banking transactions, notaries, property registries, etc. dispersed computer systems. You can choose the best blockchain products Development Company through the internet.

1. Medicines / Pharmacy

Blockchain technology can be used to improve drug integrity. If drugs can be clearly identified and tracked from production to consumption, it could save up to one million lives each year.

Because DHL is already working with Accenture to establish a track-and-trace serialization system based on blockchain technology.

"At the moment, there are already more than 7 billion unique pharmaceutical serial numbers in the system.

2. Fashion / Fashion

The CGS project allows consumers to track the entire lifecycle of a garment. This brings together companies from the fashion, apparel, and consumer goods sectors to work together.

With this solution, consumers no longer need to rely blindly on the value in sustainability fashion. Blockchain technology allows tracking of sustainability and conformity of the garment.

3. Cross-border payments

In developing and underdeveloped countries, access to capital for small food producers is often a big problem.