Massive Adoption of Blockchain Application in Many Different Industries - DotWallet

Massive Adoption of Blockchain Application in Many Different Industries
2021.10.15

In recent years, through continuous integration with various industries and fields, blockchain technology is in the stage of accelerating the development of its applications. Since it is trust-worthy, efficient, and secure, it plays an important role as an important part of the new infrastructure.

 

 

|Financial industry

Banks, insurance companies, stock exchanges, brokerages, investment banks, venture capital institutions, traditional payment and settlement systems, emerging payment giants and other institutions are using blockchain technology to improve the digital level of the industry and form a secure, efficient, smart and inclusive financial system.

 

 

|Agriculture and food industry

Agricultural giants, food companies, meat producers, beverage companies, fast food companies, alcohol producers and other institutions apply blockchain technology to area such as agricultural product traceability system, cold chain tracking, food safety, agricultural product trading, and international trade.

 

 

|Energy and environmental protection industry

Petroleum giants, mining companies, gas companies, environmental protection and other companies have successively adopted blockchain technology to transform their traditional operations mode in areas such as production and operation management, asset management, supply chain management, energy trading, resource monitoring and management, and cross-border settlement. These actions are also promoting the transformation of the global energy structure.

 

 

|Logistics, trade and supply chain industry

Currently, customs, shipping companies, port operators, logistics companies, airlines, and airport operators in various countries have applied “blockchain technology” to significantly improve the efficiency of logistics and trade. From a global perspective, blockchain technology has been fully integrated into the logistics supply chain of the three major fields of land transportation, sea transportation, and air transportation, and it is changing the face of global trade.

 

 

|Manufacturing

In the manufacturing industry, companies such as automobile giants, aviation giants, military industry enterprises, and large-scale comprehensive manufacturers are leading the industry application of blockchain technology. At present, the application of blockchain in the manufacturing industry is still at a very early stage, and many application scenarios such as supply chain traceability, inventory management, equipment repair and maintenance, data security, Internet of Things, and payment are waiting to be activated.

 

 

|Medical biological industry

At present, high-frequency demands such as promoting the research and development of new drugs, ensuring data security, combating counterfeiting, optimizing the circulation of medicines, and improving the efficiency of medical systems are important factors driving the rapid growth of the medical “blockchain” market. In this context, government departments, pharmaceutical manufacturers, and medical equipment manufacturers have promoted changes in the fields of drug and medical equipment supply chain management, medical data management, and pharmaceutical research and development through the application of blockchain technology.

 

 

|Commercial and consumer goods industry

In the commercial and consumer goods industry, traditional retailers, e-commerce companies, consumer goods manufacturers, and luxury goods giants apply blockchain technology to product traceability, supply chain management, and customer relationship management. It should be noted that product traceability and anti-counterfeiting certification are only the most basic blockchain applications in the industry. How to improve after-sales service and customer experience, and how to meet the needs of sustainable consumption are becoming the two major focuses of this type of blockchain application.

 

 

|Cultural media industry

Traditional media, social media, film and television companies, game developers, music platforms, and art platforms apply blockchain to areas like copyright protection, copyright transactions, marketing, and customer relationship management. The investment and application of blockchain technology has shown a new prospect different than before.

 

Global blockchain suppliers have formed a brand-new market ecosystem. Through cooperation with blockchain suppliers, major companies or institutions are vigorously promoting the application of blockchain technology. This has promoted the digitalization and intelligentization of various industries. It will be a good time ahead.

 

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