How Nestlé provides product tracking on blockchain
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This is the seventh edition of BlockBites and the first of 2024! Here, we bring you monthly Blockchain use cases in Brazil and worldwide. Each month, receive market highlights and how companies implement innovation and technology in their ecosystems and products. Good reading!
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Use Cases
The impact of blockchain on financial inclusion, according to SDF report
In a reality where 1.4 billion adults do not have a simple bank account, financial accessibility seems like a distant dream. However, in recent research by the Stellar Development Foundation, blockchain technology plays a central role in opening the doors of the financial system. Creating solutions based on blockchain can mean reduced costs and time in international transactions, as well as enabling humanitarian aid distribution with transparency, reliability, and traceability. Furthermore, in the SDF analysis, technology is positioned as an essential driver for social empowerment, economic growth, and sustainable development and also highlights some steps to achieve financial inclusion.
How Nestlé provides product tracking on blockchain
Food and beverage giant Nestlé has been using blockchain technology since 2017 to bring more transparency to consumers about the food journey. In France, New Zealand, and Brazil, it is possible to track mashed potatoes, milk, and coffee through a QR Code on the packaging, the consumer can check the product's entire journey from planting and production to transport to the supermarket shelf. In this way, the corporation approaches ESG (Environmental Social Governance) goals. Furthermore, in Brazil, the company launched a collection of NFTs of nostalgic cards from the Supresa chocolate brand, a success in the 80s and 90s.
How one of DePIN's main projects is innovating the solar industry
The evolution of Web3 extends beyond virtual domains, achieving significant impact in the physical world. According to the proposal defended by DePIN (Decentralized Physical Infrastructure Networks), blockchain technology must become a tool for building and managing physical infrastructures, making them more efficient, transparent, and decentralized. More specifically, when it comes to energy infrastructure, the idea is to connect individuals with solar panels to a network to become part of a decentralized energy system, making each participant an active member of the energy market. The DePIN and Rowan Energy model seeks to optimize the use of renewable energy but also empowers homeowners and businesses by giving them control over their energy production and consumption.
Highlights
Brazilian heir will tokenize part of R$2 billion inheritance
The pioneering action in the country involves the transformation of inherited assets into digital tokens, using blockchain technology to facilitate the management and transfer of these resources.
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AUC Coins is driving financial inclusion through blockchain
The objective is to promote access to financial services for the unbanked community, especially in underserved regions, using modern technologies to achieve a positive impact.
WEF Davos 2024: focus on AI and crypto regulation
The event highlights the importance of addressing AI-related issues and establishing transparent regulatory guidelines to drive the sustainable development of these technologies.
How Blockchain Can Help Monitor Planetary Health Systems
Blockchain's ability to ensure transparency, traceability, and data integrity, contributing to effective monitoring, is highlighted for improving global health systems.
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