Following are the real world Blockchain use-cases as follows:
- Supply Chain Management
- Energy
- Smarter Predictive Analysis
- Land Title Registration
- Healthcare
- Protecting digital identity
Suppply Chain Management In the case of Supply Chain Management, there is a lack of transparency between suppliers as an issue that firms deal. Blockchain resolves this issue with the help of its distributed ledgers. Multiple peoples can access the same database for increasing transparency in the supply chains. Blockchain consists of immutable ledgers and a timestamp for appending all the valid transactions which can be used in auditing, stop theft, and counterfeits.
This Blockchain use case can improve regulatory compliance, reduce paperwork, and also help cut cost significantly. Food Trust is the new one blockchain based product of IBM that helps in implementing this use case.
