Supply Chain Data Provenance
Each stage of distribution in supply-chain management requires data on the provenance of goods to effectively track progress from manufacturer to consumer. With decentralized technologies integrated into AI, data authenticity is ensured to all players on the chain. Blockchain-based provenance systems provide consumers and enterprises with a transparent, tamper-proof, secure audit trail.
Personal data is traditionally stored on centralized company computers that give employees control and ownership. In blockchain-based identity verification systems, users have a full historical view of transactions combined with personal data. A decentralized approach to identity management essentially eliminates the risk of compromised data, allowing enterprises to build trustworthy relations with end users.
Cross-system Payments & Transfer of Value
Blockchain integration into finance systems will enable peer-to-peer transaction processing without counterparties while streamlining remittances and cutting down on cross-border expenses. This will save time on data validation with automatic smart-contract execution.
Patient Data Management
Patients will have full control over their medical reports with smart-contract execution. They will be able to share data without revealing their identity. Applicature’s blockchain solutions provide medical databases with enhanced safety, security, efficiency, and integrity within the healthcare system.