Top-10 Use Cases of Enterprise Blockchain Solutions
Top-10 Use Cases of Enterprise Blockchain Solutions
“You will either introduce the blockchain or disappear”, said FedEx Corporation CEO Fred Smith at the blockchain conference “Consensus 2018”. And it's not just empty statements: almost all large companies are either considering this possibility, or have already implemented blockchain in their business. Today we will look at 10 examples of blockchain use by large companies that have proven the use of this technology.
In 2017, JPMorgan Chase, with the participation of Royal Bank of Canada and ANZ, announced the launch of an interbank payment platform called the Interbank Information Network (IIN). This is one of the first projects of the working group of the Advanced Blockchain Technology Center. IIN was developed on the Quorum blockchain base, which was created in collaboration with Ethhereum EthLab.
IIN tasks include:
Other large cases in the automotive industry:
As part of the project, event participants recorded flight data on the blockchain. For example, data on the arrival and departure of aircraft, the number of passengers and the like. In total, more than 2 million changes were recorded. All of them were recorded and used by event participants to optimize workflows.
For example, airport services, knowing about delays, could change the service schedule, and passengers could adjust their plans: arrive later at the airport or rebook tickets for later flights in case of flights with transfers.
The test results are published in the SITA report, where the importance of choosing the right management architecture (was used private blockchain) and the high availability of smart contracts are noted.
Thanks to this you can:
In 2017, Far EasTone (Taiwan), SoftBank (Japan), Sprint (America), together with the developer TBCASoft, created the Carrier Blockchain Study Group consortium to create a mobile communication platform for secure clearing and settlement, IoT-based application service, identity verification and other services.
Testing has shown that blockchain:
The network retailer Walmart was one of the first to use the blockchain to control the quality and trace the origin of food. First, the company tested the concept of delivering mango from Latin America and pork from China. hen this experience was transferred to tracing the origin of greenery, and in an orderly manner: the the retailer demanded that all suppliers of greenery switch to the blockchain after another epidemic of E. coli poisoning in the USA.
Walmart used technology from the IT giant IBM, which, based on this case, launched the IBM Food Trust initiative. Participation in it provides the following benefits:
The MediLedger project was launched in 2017 to test in practice whether it is possible to create a database based on the blockchain, which will accompany the supply of pharmaceutical products according to the Drug Supply Chain Security Act (DSCSA) and other industry standards. The software product was developed by the REshape center in collaboration with SNS Bank NV and Deloitte and tested in 2018.
Tests have shown that MediLedger:
The platform was developed in collaboration with Deloitte, ThoughtWorks and Komgo. The launch took place in November 2018, but in test mode: only project participants have access. Wide access will be open in 2019.
Travelport is a platform where market participants offer and buy services, exchange data, make calculations and characterize counterparties. In fact, this is the same site for searching tours, booking hotels, flights and excursions, but the platform was created on the basis of the blockchain and uses applied artificial intelligence.
The feature of platform is approval system and honest reviews. Thus, a tour operator can develop a tour and get confirmation of its authenticity and quality with the help of approval (confirmation of participation) of all parties involved (airline, hotel, transport companies, guides and others).
For their part, users can leave feedback on all members of the network with whom they directly interacted: the airline whose tickets they bought, the hotel where they spent the night, and so on. Together, this provides reliable information on the quality of services and provides good protection against fraud.
For example, Save the Children, an international charity that protects children around the world, is testing a database based on a distribution registry. The idea is that people and organizations who want to become volunteers, pass the test in advance and receive after this a digital identifier - “humanitarian passport”.
Thus, Save the Children creates a list of people and organizations whose skills, capabilities, and location are known and tested. This list is used in case of disasters, accidents and epidemics, when there is no time for long checks and interviews.
Save the Children is also exploring the potential of blockchain technologies in the field of fully transparent crowdfunding and the use of smart contracts for settlements with partners. In the future, it is planned to test the possibilities of smart contracts in the distribution of charitable money and resources among direct recipients of humanitarian aid.
#1. #1 JPMorgan: bank transfers
#2. #2 Volkswagen Financial Services: digital vehicle logbook
#3. #3 British Airways: aviatransportation
#4. #4 Maersk: cargo shipping
#5. #5 Carrier Blockchain Study Group: mobile connection
#6. #6 Walmart: foodstuffs
#7. #7 MediLedger: medicine
#8. #8 BP, Statoil and Shell: oil industry
#9. #9 Travelport: tourist platform
#10. #10 Save the Children