April 20, 2021
Ever since the inception of Bitcoin in 2009, the blockchain industry has had its ups and downs. But in the last few years, however, people have been shifting their focus from the price speculation aspect of cryptocurrencies and starting to look into the endless possibilities that it presents. The blockchain technology is proving daily to be an exciting new alternative to traditional currencies, centralized banking, and transaction methods that are changing how we handle financial transactions and alternative uses that will remodel the world. In short, blockchain is a distributed ledger that maintains a continuously-growing list of every transaction across every network distributed over tens of thousands of computers. This makes it almost impossible to hack, changing the way transactions are being done.
Today, blockchain is changing how businesses are being run, which is now cost-saving, more secured and more decentralized, and OneLedger is taking an active role in this with our broad range of solutions.
Manufacturing companies rely on vast, often global supply chains to remain competitive. Of top concern—particularly with products that directly impact customer health and safety—quality assurance and traceability are paramount objectives. However, as companies scale, their supply chains become increasingly complex, often relying on a vast supplier base and multiple handoffs before components reach their facilities. Several headline cases highlight the consequences of supply chain opacity, and the value blockchain offers by fully illuminating the chain from origin to the customer is a sigh of relief. OneLedger offers a custom Supply Chain EDI solution on its proprietary blockchain, which will seamlessly integrate with current ERP systems and allow manufacturers, distributors and retailers to transfer Purchase Orders and Invoices in a cost and time-efficient manner.
Real estate provides a massive opportunity for blockchain technology to revolutionize land registries. Land registries are typically operated by a government on a network with a single point of failure and/or paper records. Having a real estate system where land titles are securely verified and confirmed for public records and the time taken to buy and sell property are reduced, thereby allowing for more efficient movement and recording of ownership during the history of a parcel or piece of land. Blockchain is positioned and designed to better manage real estate deals and property exchanges through a secure smart contract. OneLedger’s custom real estate solution can offer customers an optimal solution for multiple parties to share property information across several organizations, including government authorities, real estate brokerages and land registries. Providing secure and transparent data to any entity that wishes to gain access.
Healthcare is a significant industry where blockchain could provide the needed solutions. It is a known fact that the regulations around healthcare data and information have been somewhat of a roadblock, but that has not stopped companies from using blockchain to better manage patient diagnostic history and the supply chain of pharmaceutical medicine. Several companies have begun testing blockchain on things like drug authenticity and the accuracy of drug trials. At this rate, blockchain technology and artificial intelligence (AI) look like two emerging solutions that could help doctors provide a quicker diagnosis using a person’s symptoms and life-long medical history. Currently, the OneLedger team is developing an International Health Passport to proactively identify whether people have taken the necessary COVID19 tests to travel internationally and locally, with a goal of expanding the traceability into other diseases and viruses to create a global healthcare infrastructure. The team has partnered with the Institute For Border Logistics and Security (IBLS) to help reopen the US-Canada border. The mobile and the web interface are currently under development, with a launch date approaching soon.
If you are a business looking for custom blockchain solutions, contact us for a free consultation. We are happy to help!
OneLedger is a Blockchain as a Service (BaaS) solutions company that uses its own blockchain technology to support its customer’s business needs. OneLedger’s mission is to simplify businesses’ adoption of blockchain technology and its integration into their specific business applications and products. The company focuses on blockchain technology in the Healthcare, Asset Management and Supply Chain sector. To learn more, visit https://www.oneledger.io/