EVERYTHING TO KNOW ABOUT BLOCKCHAIN TECHNOLOGY
Distributed ledger technology –
The distributed ledger technology is the key that drives most of the cryptocurrencies. The technology is poised to revolutionize the digital transactions in the coming days with low risk plus affordability. Companies implementing blockchain technology
Barclays –
It is the second-largest bank in the UK, and the company is using blockchain technology for fund transfers and completing KYC.
VISA –
The Company has introduced the business to business payments in 2016 using blockchain. It is one of the leading companies that have ambitious applications of blockchain technology.
Unilever –
The Company uses blockchain to track all the transactions in the supply chain. They will follow the suppliers as well.
FDA –
FDA is implementing blockchain technology in the healthcare industry. The patients’ records can be recorded, stored, and transferred with the utmost confidentiality.
DHL –
The ‘proof of concept’ is being implemented by DHL in association with Accenture. It is possible to trace pharmaceuticals' delivery from the origin to the destination without tampering. The drawback associated with blockchain is that the latest upgrade should be backward-compatible.
