Now, the energy IoT devices report data in intervals, causing delays and inaccuracies in data readings, billings and accountings. Blockchain provides an infrastructure for near real-time data measurements to all entities on the commodity markets.
To address the limitation of public infrastructure, blockchain can be used to enable consumers to make their chargers available for public use, enabling users to either rent charging time or receive payments. It can also help to track the energy from generation to electric vehicle.
Contrary to the traditional grid, where one change affects all stakeholders, a microgrid is an autonomous entity, that can operate within the grid, disconnect from it or operate on its own. That way it can serve as a backup energy source, with blockchain managing its peer-to-peer transactions among community.
With the rise of renewable energy sources, the households now have the opportunity to become energy producers, and thus generate and trade their own energy directly peer-to-peer.
Using blockchain, end-users can manage the access to their personal information. By providing means for simple, secure and frictionless authentication process blockchain and identity management are a perfect fit, offering carries the opportunity to overhaul legacy systems to be more cost-effective and user-friendly.
The modularity of smart contracts which can execute different business logic allows the blockchain technology to easily streamline several processes, including operations and business support, billing and databases, whilst still making sure the data is untampered with and accessible to all authorized stakeholders in real-time.
The number of mobile users is high and continues to rise. Consequently, mobile money services are a global trend from which telecommunication providers could greatly benefit by making international payments possible by quick and reliable identity verification.
In a connected world, smart devices can perform and execute orders in a number of IoT applications, including those for smart homes, smart cities, connected vehicles and more. This is why mobile operators today are fast turning into IoT service providers. In this case, blockchain could serve as an additional layer of security in peer-to-peer data exchange, ensuring the data transactions are fast and protected.
Keep an accurate and authentic data base to maintain efficient processes for ordering, tracking and selling the stock.
Create a fully integrated system to track the shipment from the moment it leaves your facility until the point it reaches its final destination.
The cost of handling paperwork is many times bigger than the cost of handling the billing in a digital format. Reduce the costly administration while making data transfer more accurate, efficient, reliable and secure.
Track shipment, find the most optimal route for delivery, or conduct payments required by third-party shipping companies to ultimately deliver a quicker and cheaper service for your customers.
In many aspects, the finance industry is an antiquated system of slow payments and added fees. However, blockchain technology offers a high-security and low-cost way for sending and receiving digital value, thus speeding processing time for traditional bank transfers.
For any financial system, payments are of the upmost importance. However, the system becomes slower and more costly with each additional transfer. With blockchain, cross-border payments are faster and less expensive than with traditional systems, bringing benefits to both, a stand-alone industry, and the entire global economy.
No matter the advancements in technology, the century-old practice in trade finance sector has undergone remarkably little change. The branch which is considered to be the fuel of global commerce and trade would greatly benefit from blockchain in automating many of existing processes, and simplify billing, accounting and data processing.
Transferring money around the world comes with many challenges, having to bypass a complicated system of intermediaries. This is why the typical clearing and settlement cycle today lasts for several days, involving complex operations and multiple stakeholders on different end-points.
Build a blockchain for tracking drugs and medications supply chains and improve the overall security of pharmaceutical system production. A digital system can help you keep track of this immense volume data, and prevent the introduction of illegitimate products, along helping you reap the benefits in terms of costs and better data management.
A single version of person’s medical history means that medical staff across healthcare institutions can understand patients’ history without having to spend time to double-check information. Use blockchain to build a platform to securely store and share electronic health records and improve data exchange and cross-collaboration.
In a blockchain-based solution for claims management, each entity must have an authenticated identity before a transaction is approved. Such mechanisms significantly enhance security and transparency of medicare. Due the fact the claims can be automatically verified, the blockchain system could also reduce costs for billing and minimize errors.
With all the disconnected systems in play, the results of clinical trials and patient outcomes go unreported and aren’t always accessible nor known to all medical staff. Blockchain could provide the technical backbone to make medical innovation quicker.
With multi-layer security, data encryption and real-time detection for breaches, blockchain can safeguard the most sensitive data a government or a public service holds.
Keep track of each voter`s eligibility and legitimacy to participate. Shift trust from a system to software and propose a novel electronic voting system based on blockchain.
As a digital equivalent of an existing identity card, digital ID can simplify and speed up the interactions with different public portals, services and sites where personal credentials are required.
Create a reliable and non-corruptible record on blockchain to validate changes to the status of the record across owners, which can also be followed by property sales, transfers of ownership, rental agreements, mortgages etc.
Using AceBlock identity and its private chain as a secure communication layer, you can eliminate centralized cloud-based service and enable several innovative functionalities for the fleet management, including leasing the vehicles on remote.
Create an ecosystem which connects the vehicle ID and your data exchange service ID to enable (near) real-time vehicle analytics. In this way, the vehicle owner could easily manage data sharing permissions and enable you to receive insights much faster.
By connecting the vehicle, the driver and your car service through a secure data ecosystem, you can enable the creation of an untampered “service book” which your customers can use to prove the conditions of the vehicle in various situations (e. g. transferring the ownership).
From travel tips to in-app competitions, your brand can offer various entertainment or luxury activities to engage the community based on location services. In this case, the blockchain is in a function of verifying the information connected to a specific challenge.
Control your device fleet. Securely connect and manage smart things on remote, easily and smartly analyze data, enhance operational efficiency and ultimately, improve your business outcomes.
Build an authentication system on blockchain to make sure only authorized personnel can access to critically-important control systems.
By assigning each IoT device a unique identity, blockchain enables devices autonomy and an execution of tasks without a human intervention. It also allows IoT devices to employ alternate security measures to prevent unusual behavior and preserve the rest of the network.
Using digital connections between devices and networks helps to open up communications to streamline and improve processes.