Statements that the blockchain exclusively about ICO, cryptocurrency, the financial industry, banking and the creation of public open networks, are beginning to lose their significance. For example, the number of pilot projects carried out by IBM with partners from various industries already in 2016 reached 400.
“If 2016 was the year for companies the year of pilot projects in the field of blockchain technologies, then 2017 was the year of scaling and the transition from pilot projects to active networks. I think that in 2018 this trend will continue to develop, and quite a lot of projects will move into a productive phase. I would also note the trend of increasing integration of blockchain projects with each other and productive systems. A blockchain solution, in fact, cannot be a “separate box”, it must necessarily be integrated with productive systems of banks or other organizations. ”
Vladimir Alekseev, IBM System Architect in Russia and the CIS,
Speaker of the Blockchain Weekend course in Binary District
In essence, the introduction of the blockchain technology is justified if three main conditions are met:
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- Having an identifiable business network with members, assets, and transactions.
- The presence of a business problem that cannot be solved by the introduction of other technologies.
- There is a need to increase confidence, consistency, immutability and completeness of data.
So, the blockchain's potential is not limited to the financial sphere. Below are three striking confirmations of this, not only from IBM practice.
Proof of quality
IBM, Walmart, the Chinese online store JD and Tsinghua University in 2017 began to work together on a food safety project implemented on the basis of the open blockchain platform HyperLedger Fabric. The impetus to the development of the project was a rather dramatic situation related to the number of diseases caused by food poisoning around the world. The technology allows you to combine all the documentation on the food supply chain, in particular - pork, and eliminate the possibility of counterfeit entering the store.
“This decision has significantly reduced the time to search for a certain batch of goods for the necessary inspection or possible withdrawal from circulation. In the autumn of 2017, the creation of a consortium was announced, which would include the largest retail suppliers from around the world, including Unilever, Kroger, Nestle. The goal of this merger is to expand the pilot project of Walmart and IBM in order to scale up the task of ensuring food safety and transparency of supplies to the entire US retail industry. ”
Vladimir Alekseev, IBM
According to IBM experts, the blockchain solution for Walmart will help reduce the number of deaths from the use of substandard food worldwide by 400,000.
Proof of authenticity
Everledger startup uses blockchain technology to track and maintain data on the purity, quality and origin of diamonds. The past of these stones is often dark, and traditional paper certificates can be forged. Registration of a gem in a decentralized blockchain base reliably captures its key characteristics, history of movements and resales, which excludes the possibility of fraud, substitution or theft.
Proof of life
Very soon, the decoding of the human genome will become quite normal and accessible to every procedure. This can improve the quality of diagnosis of diseases, prevent the development of many of them, and contribute to the creation of new drugs. Nebula Genomics bold project seeks, firstly, to reduce the costs of decoding the personal genome, and secondly, to optimize the collection and storage of personal information. To achieve these goals, mechanisms of decentralization, cryptography and blockchain are used.
On February 18, on the
Blockchain Weekend course at the Digital October site, Vladimir Alekseev will talk about bright cases of blockchain use in various businesses and industries.
Registration for the course .