Where will blockchain be used? Ideas of the world companies
Despite the fact that there are supporters and critics of the blockchain technology and cryptocurrencies, the world and local companies continue to study the possibilities of implementing this technology in their operations. We would like to present you an overview of companies that have already announced this year their interest in blockchain.
Singapore Airlines plans to use blockchain technology in its loyalty program for KrisFlyer travelers, thus providing them with a new way to spend bonus miles.
For that end, in summer 2018, according to media sources, a digital wallet will be launched, and partner agreements will be signed with a number of retailers - first in Singapore and then in other countries. The company said in a statement that the digital wallet for KrisFlyer program is based on its own private blockchain.
“I think we are the first airline to do it,” Singapore Airlines CEO Goh Choon Phong told the Singapore Airshow Aviation Leadership Summit.
• Rail transportation
According to the website of Universa, the company which will implement the project, one of the largest railway operators in Russia and CIS countries, Novotrans intends to introduce blockchain technology for optimal operation and record of its own car fleet.
New technologies are adapted in accordance with the lean production ideology to the record keeping systems of car detention, stockpiles of spare parts and to car-repair processes. The platform will be provided by the Russian blockchain Universa. This is the first such project in the railroad industry in Russia, in the real sector of economy, the statement said.
• Real Estate
In South Burlington (Vermont, USA), pilot testing of the blockchain system for recording real estate purchase and sale transactions has been launched. The technology is tested by startup Propy, which manages the decentralized real estate market. Several residents of the American city will participate in the experiment by prior agreement. Purchase and sale transactions will be registered in the registry developed by Propy and simultaneously duplicated in the official city registry as per the traditional scheme. According to the Wall Street Journal, all operations in the experiment will be conducted with payment in cash, so banks will not participate in this process.
• Precious metals
The Swiss laboratory Gubelin Gem Lab in collaboration with the developer Everledger are creating a blockchain platform for colored gemstones. The new platform will track colored gemstones throughout their lifetime to end-consumer. Gubelin plans to implement the system in all segments of the supply chains, including miners, dealers, gem cutters, retailers and consumers.
Raphael Gübelin, President of the Company stated: “The concept and technology of a blockchain transforms an opaque business based on trust into a business based on transparency.”
The South African Corporation De Beers, specializing in diamond mining and processing, also intends to use blockchain in its technology. This is reported by Rough & Polished. According to the representatives of the Company, the system based on blockchain will provide a single, permanent and protected from unauthorized access digital registry for all diamonds registered in it. A full launch of the platform is planned for the end of this year.
“Diamonds have enduring value and represent some of the most significant moments in life, so it is important to ensure that the stone is conflict-free and of natural origin,” De Beers CEO Bruce Cleaver said.
• Financial institutions
Banks have expressed their interest in cryptocurrencies for a while. Even a financial and technological research company R3 has been established to study blockchain. Recently it has become known that Sberbank has announced the launch of Blockchain Lab. The activity of this laboratory will be concentrated on developing and testing of innovative solutions on the blockchain technology. Specialists at Blockchain Lab will perform pilot tests of business solutions on the basis of distributed ledger technology, which will be subsequently implemented by Sberbank into its activity. Sberbank implemented blockchain in its activities last year.
• Property rights protection
A well-known American Company, manufacturer of photographic equipment Kodak has announced its intention to launch its own cryptocurrency. The blockchain platform called KodakOne is meant for professional photographers and will become a ledger of rights ownership for photo works. With the help of KodakOne, users can register their photographic materials and sell licenses for them. At the same time, payment will be made in the created cryptocurrency, which will be called Kodakcoin.
Before the end of the second round - 09 day
Follow us & Read more: