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General 30 Oct 2024

​Unlocking potential: blockchain solutions for everyday challenges

​Unlocking potential: blockchain solutions for everyday challenges

Walmart traced mangoes from farm to store in 2.2 seconds using blockchain. IBM reduced shipping document processing from 7 days to 20 seconds. These aren't crypto stories - they're examples of blockchain solving real business problems.

What's working now

Supply chain tracking isn't just for tech companies anymore. Carrefour uses blockchain to track meat, milk, and fruits across 5 countries. Customers scan a QR code to see their product's journey from farm to store. Sales of these products increased by 11% in the first year.

Maersk's TradeLens platform shows how blockchain changes shipping. Instead of shuffling papers between ports, customs, and carriers, everything happens digitally. More than 150 organizations use it, handling 10 million weekly shipping events.

Solving real problems

Document verification used to take days. Sweden's land registry cut property sales recording time from 4 months to a few days using blockchain. They've processed over 100 property deals this way, saving millions in paperwork costs.

Healthcare companies found a new use: tracking medical supplies. MediLedger, backed by Pfizer and Gilead, traces drugs through the supply chain. They catch counterfeits faster and ensure medicine goes where it's needed.

Beyond the obvious

Insurance claims got faster. AXA moved their flight delay insurance to blockchain. Now, instead of filing papers when your flight is late, you get paid automatically. They processed 1,000 claims in the first month without a single piece of paperwork.

Even voting is changing. The city of Zug, Switzerland tested blockchain voting. 220 citizens voted using their phones, and the results were verified in minutes instead of hours.

Starting small

You don't need to rebuild your entire business around blockchain. Start with one problem:

  • Track one product line
  • Verify one type of document
  • Automate one repeating process

What's coming next

Smart contracts automate processes. When conditions are met, actions happen instantly - like payment releases or document updates. No more waiting for approvals or manual checks.

Companies are connecting their blockchains. Imagine tracking products across different companies, countries, and systems - all working together but staying secure.

Putting ideas to work

Start by looking at your slowest processes. Where do you wait for verification? Which documents need multiple signatures? That's where blockchain might help.

Keep in mind: blockchain isn't about replacing everything you do. It's about making what you already do work better. The companies seeing results didn't reinvent themselves - they just solved specific problems in smarter ways.

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