Discussion Points What is Case Study? What is Blockchain Case Study? Supply Chain Politics Decentralized Currency Financial Technology Healthcare Technology Identity Infrastructures
What is a Case Study? In the social sciences and life sciences, a case study is a research method involving an up-close, indepth, and detailed examination of a subject of study, as well as its related contextual conditions. Case studies can be produced by following a formal research method.
What is Blockchain Case Blockchain case studies. Blockchain has the potential Study?
to be a disruptive technology across industries, with varying impacts on finance.There are a range of Presentations are communication tools that can be used different ways blockchain technologies can be used to as demonstrations, lectures, speeches, reports, and more. generate business benefits, improved visibility Most of the time, they’re presentedsuch beforeas an audience. and near real-time reporting.
Our 1 Case Studies
Sup p ly Ch ai n
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2 P ol i ti cs
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He al th car e Id e n ti ty In f ra s t ru ctu res Te ch n ol og y
Decentralize d Currency
4 Financial Technolog y
Supply Chain Problem The supply chain industry has become much more complex. The amount of time taken for a payment between a customer and a vendor, or a manufacturer and a supplier is notably long and tedious. The products once received, are extremely hard to trace back to its supplier which in turn makes it difficult to eliminate defects in food products, consumer goods, industrial equipment or digital offerings. The friction in this supply chain is a major problem since there are a lot of middlemen and this vast chain increases the uncertainty and
Supply Chain The blockchain technology is the answer to the Solution number of problems that are listed above. Due to the distribution of the data on the blockchain, it is highly impossible to breach that. The digital ledger is secure because each transaction is linked back to the previous one, making tampering an impossible task. The multiple copies of the same ledger provide the truth for the each and every transactions. The status of the product at each stage of production can be recorded and traced back using blockchain. The tracing would link each product to its initial source and all the middlemen it comes across. It is a software program that carries out the contract and is stored on the blockchain. It will work the way it has been programmed leaving no room for fraud or interference. Blockchain has the power to change the
Problems in Political Elections. Democracies. Politics. It is an open secret Systems that our political systems are imperfect. In fact, one wouldn’t hesitate to call them broken. The current system seems more and more dysfunctional and ineff ective as the days pass because of the information that we receive from diff erent sources. With the increasing news of manipulations by the offi cial authorities, in the process of counting votes or passing a law, the trust in the government has reached new lows in the recent times. The recent sessions of the governments in all the leading democracies have been amongst the least productive ones. Certain news about the foreign and non-state actors with real power aff ecting the elections has shaken the pillars of trust the citizens had in the prevailing system of politics. Majority of
Solution via Blockchain technology gives us a viable solution Blockchain here. With its decentralized, selective and impenetrable storage of data, it also provides a perfect ledger to track the information. With this feature, blockchain has the ability to replace anything where the humans are prone to make mistakes and this is where the governments come to mind. Voting could go digital with no scope of manipulation by any offi cial authorities or foreign agents involved. All would be able to vote online, and it would be put on the blockchain ledgers on each computer in the blockchain. The irreversibility of the transactions would make the votes permanent without any possibility of changing them once cast. Even the election results would be stored on nodes which are distributed over the network which would make it theoretically
Decentralized Currency The money that we use today is in a centralized Problem system. A centralized currency is the one that is c o n t r o l l e d b y a c e n t r a l a u t h o r i t y. A c e n t r a l authority that can change rules as per their c o n v e n i e n c e a n d a s t h e y s e e fi t . T h e y c o u l d p r i n t money as per their need and can have an individual’s account frozen if they wish. The fi n a n c i a l a n d b a n k i n g s y s t e m s w h i c h i s s u e t h e currencies have been there for a long, long time and slowly the problems of human nature crept in g r e e d a n d i r r e s p o n s i b i l i t y. There is always a chance of someone creating a counterfeit when it comes to centralized c u r r e n c y. C e n t r a l i z e d m o n e y c a n a l w a y s b e manipulated in a way to control the ones in power, to the extent of locking an account or taking away the money if an individual does not behave as per the authority in command of the
Decentralized Currency T h e a b o v e m a ke s u s r e a l i z e t h a t t h e r e i s a n e e d Solution f o r a d e c e n t r a l i z e d c u r r e n c y. A c u r r e n c y t h a t i s controlled by people and nobody can access someone else’s currency without the holder’s p e r m i s s i o n . B i t c o i n w a s t h e fi r s t o f m a n y blockchain applications to create decentralized c u r r e n c y. I t m a d e t h e i d e a t h a t t r a n s a c t i o n s c o u l d be processed with no need of a middle-party possible. And, it exponentially grew the security, speed, transparency, and permanency of i n f o r m a t i o n t r a n s f e r a p o s s i b i l i t y. A u s e r o f Bitcoin is never forced to use a centralized service. Bitcoin allows its users to withdraw into the n e u t r a l fi e l d o f d e c e n t r a l i z e d b a n k i n g a t a n y time. The way to judge the legitimacy of centralization is always the ability of users to opt
Financial Technology FinTech could be defi ned as an industry of technology Problem that is or could be applied to the fi nancial world. It is the technology that will help the companies manage their fi nancial aspects including the business processes and models. FinTech is not new. It has been there for a decade now, acting as the basis for endto-end processing of the fi nancial transactions. Currently, FinTech uses the Internet via cloud services and stores the all the important information on the servers which are prone to a data breach. The details of a user are held with the bank and an individual has no control over the security of their own information. Authentication methods and secured transmission are the major issues faced by FinTech at the moment. Ensuring the authenticity and identity of the person signing the documents, supervisory controls on the fi nancial markets, transaction control,
Financial Technology This is where blockchain comesSolution in to solve all these problems. With the application of blockchain in FinTech, all the data available will be decentralized. All the transactions taking place will be authorized by the miners, making it immutable and unhackable. With the help of the public ledger, all the transactions recorded will be on the chain and validate each and every other transaction, making it reliable and secure. The blockchain technology will discard any third party trying to get a hold of the data and make it a peer-topeer transaction, giving everyone complete control over their data security. The transparency that an irreversible ledger provides would make fi nancial operations smooth-running. Moreover, the ability to create smart contracts would signifi cantly decrease
Healthcare Technology The underlying essence of every business has Problem
always been the need to bring a revolutionary change in the lifestyles of human beings. In the fi eld of healthcare, it is no diff erent. In fact, the need to bring an evolutionary change is urgent in the fi eld. High-quality drugs coupled with immediate care and relief is what all the healthcare facilities are looking to provide to all their patrons. Each facility is focused on delivering high-quality care to the clients. But here, in the fi eld of medicine, there is a major fl aw when it comes to fulfi lling that goal. The providers and payers are the ones who have the authority over the decision making that leads to care-service delivery and
Healthcare Technology Solution
T h i s i s w h e re b l o c k c h a i n c o m e s i n t o t h e p i c t u re . U s i n g b l o c k c h a i n , y o u c a n ke e p t r a c k o f a l l t h e s y s t e m s operating under this network because of the distributed l e d g e r. T h ro u g h t h i s , a l t e r a t i o n o f re c o r d s w i l l b e i m p o s s i b l e a n d t h e c o m m u n i t y w i l l b e c o n t ro l l i n g t h e data themselves, updating and amending as per their re q u i re m e n t . Fo r a p e r f e c t h e a l t h c a re I T ex p e r i e n c e , y o u need the scalability according to the need, disaster re i m b u r s e m e n t , d a t a e n c r y p t i o n , c r y p t o g r a p h y technologies and built-in fault immunity which could all b e p o s s i b l e w i t h t h e u s a g e o f b l o c k c h a i n t e c h n o l o g y.
Managing the medical data of a medicine as well as that o f a p a t i e n t b e c o m e s e a s i e r , s e c u re a n d a ff o rd a b l e . D u e to the blockchain technology, the patient will himself be i n c h a rg e o f t h e d a t a a n d c a n c o n t ro l w h o c a n c h a n g e o r u p d a t e i t . T h e p ro c e s s o f b i l l i n g a n d c l a i m m a n a g e m e n t w o u l d p ro v i d e g re a t e r a u d i t a b i l i t y a n d t r a c e a b i l i t y. I n t h e fi e l d o f m e d i c a l re s e a rc h , t h e b l o c k c h a i n w o u l d b r i n g a p a r a d i g m s h i ft s i n c e t h e s t o r a g e o f t i m e s t a m p i s a m a j o r
Identity Infrastructures The problem of identity theft is an exceedingly Problem common occurrence in countries that have a centralized system for storing identity information of their citizens. The lack of control over people’s own identities has been one of the major issue faced by the governments around the world today. The identity badges, driving licences, social security numbers, bank account details, etc. seem to be hackable and/or replicable.
The incidents of data breach are increasing day by day leading to the increase in the data needed for verifying the identity of an individual. The data connected to a person has expanded due to the numerous apps and services available on the web apart from the data needs of banks and
Identity Infrastructures The demand for a secure system is the need of the Solution hour. With the advancements in the fi eld of blockchain technology, the word ‘privacy’ might actually mean something apart from just being in a dictionary. Using blockchain technology, you can leverage the irreversibility of information incidents to make permanent records of identity verifi cation that are not stored in any cloud. It will provide a better solution than the current situation where the data is stored on a centralized server and is “owned” by various service providers. Data stored on blockchain will get distributed over the vast network of the mining devices, granting ownership to the individuals. With the usage of public-key cryptography and the decentralization off ered by blockchain, the diffi culty level of cracking the chain will reach a new high and even the combined power of
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