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Examples of blockchain in action today
- There's no shortage of speculation about how blockchains may be used in the future, so instead, let's look at actual blockchain uses today. Everledger is a platform that illuminates transparency in a number of industries. Specifically, the solution manages characteristics of assets that include origin, sustainability footprint, and compliance standards. It can be used to bring new insights to the life cycle of items such as art, batteries, diamonds, and luxury goods. The platform works by storing an authenticated digital record, a digital twin. of an asset in a blockchain. This record contains details on how it came to be, where it came from, and who made it. As the asset moves through the life cycle, all details are recorded on the Everledger blockchain. Because of provenance, meaning the record of something's origination, and with immutability, that no record is ever deleted, all manner of stakeholders can have greater confidence in the details of an asset. This solution helps in…
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