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Blockchain, IoT and 5G: a marriage a trois

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Long-time blockchain has been looked at as an isolated technology. Recently however we see a growing trend of blockchain being integrated with other technologies such as Big Data, Artificial Intelligence amongst others. An interesting development that can be observed is the growing attention of corporates to use blockchain for IoT or Internet of Things applications. And that is not strange. The IoT market is increasing drastically and this is expected to continue in an accelerated way triggered by the recent uptake of the 5G network. But with this there arise a number of big challenges that may limit its future growth.


Quality data in blockchain to change the way supply chains work

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Lack of transparency and inadequate tracking system persist in SCM due to inconsistent or lack of quality data to a great extent. The supply chain has gone intrinsically complex, encompassing multiple players from producers to transporters, from wholesalers to retailers, and from buyers to consumers, unlike the two-man (seller-buyer) simple transaction that existed long ago. In this multifaceted process, the supply chain industry faces a critical challenge in cost, speed and product quality, directly linked to the seamless flow of data or information. Apart from lack of transparency, the hurdles faced in the sector are the complexities in information sharing and delays in data retrieval, which hold back the performance at every stage of the logistics network. Thus, creating pressure on all participants in the value chain to live up to the rising customer expectations, meet profitability targets, and overcome disruptions and delays.


6 industries that are using blockchain to drive business value right now

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Blockchain has proven to be the larger value of cryptocurrencies, with implications for almost every industry. And some companies are already using the emerging ledger technology in everyday business operations. An October 2017 report from CompTIA found that 16% of companies had purchased blockchain-enabled tools, while 22% were developing tools using blockchain. Another 24% said they were exploring the technology, while the majority--38%--said they had no current plans to do so, or were unsure of plans. Early adopters are using blockchain for digital identity (51%), asset management and tracking (49%), regulatory compliance/auditing (49%), distributed storage (48%), smart contracts (45%), and cryptocurrency/payments (44%).


How IoT, Wearables, AI, Blockchain & RPA are Revolutionizing Supply Chain

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IoT, AI, wearables, blockchain & RPA are providing seamless and hassle-free management of supply chain flows while cutting down operating costs. Right from product development to its sale, organizations have to pay special attention to streamlining the internal activities for creating an impact on the organization's bottom line. For offering expeditious service to customers and to gain competitive advantage in the market, in this fast-paced digital world, companies should revise their supply chain activities and services with a focus on appropriate business strategies and state-of-the-art technologies. Technologies will enhance the speed, dynamics, and resilience of internal, as well as, external supply chain operations, which will, in turn, strengthen customer relationships, leading to increased revenue flow. Let's see some key supply chain technological trends, which will soon redefine the current practices, thereby helping companies experience operational efficiencies, market valuation, and financial growth.


10 Ways Blockchain is Revolutionizing Smart Cities

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It's touted as the "secret sauce" that will transform smart cities of the future, establishing trust and transparency in government through an immutable digital record -- one that's able to connect sky's-the-limit endpoints while being virtually hack proof. Blockchain technology took the digital world by storm in 2009, when it debuted as a digital ledger book for the cryptocurrency Bitcoin. Since then, it is being used to reshape the way business is done in industries ranging from finance and healthcare to manufacturing -- and, of course, government. In a nutshell, blockchain is a new kind of encrypted database that is decentralized, distributed, and unassailable. It creates a digital record that is amazingly secure and is easily accessible to the public.