Blockchain is a type of decentralised and completely secure information storage and transmission technology.
Applications in Finance
Its most well-known application is Bitcoin, which is a peer-to-peer payment system and cryptocurrency. However, there are many other cryptocurrencies: Ethereum, Litecoin, Ripple, Ada/Cardano as well as Facebook’s coming Libra currency…
Applications in responsible economy
For example, at the 2019 World Economic Forum in Davos, the WWF launched OpenSC, a platform that uses blockchain to closely track food supplies and products. It can determine a product’s origin, its environmental impact, the working conditions of the personnel producing it, etc.
Applications in logistics
In Supply Chain, the challenges involving real-time data recording and storage are crucial for the successful digitalisation of the logistics sector. Blockchain could play a central role in the development of logistics chains by guaranteeing flawless traceability.