‘Everything Blockchain’ Is No Joke, Taking World By Storm

Recently, the Blockchain craze has soared to new heights, as people are talking about using Blockchain for just about everything. This “everything Blockchain” phenomenon is leading to some interesting use cases. Even lawmakers are taking notice of Blockchain, talking with crypto enthusiasts to find common ground. The amount of money raised on the Blockchain, by means of ICOs, has already exceeded $1.2 bln year-to-date.

This year’s The Times Higher Education World University Rankings, endorsed by accounting firm PriceWaterhouseCooper as ‘the only global university rankings subjected to full, independent scrutiny of this nature,’ has seen 13 top global universities already having added Blockchain education to their curricula.

Still, while Blockchain has been nearly universally acknowledged as ‘The Next Big Thing’ its real world adoption has been slow and cumbersome. Even the original app of Blockchain--Bitcoin--has experienced slow uptake in the conservative and highly regulated banking and finance sectors.

However, there is a silver lining for wide-scale Blockchain adoption. Throughout the last months, US health care providers started to slowly implement Blockchain for securing patients’ records and storing medical imaging. In Europe, Blockchain is viewed as an aid to wholesale energy traders.

The US logistics and trucking industry is seriously considering Blockchain as a cure-all for the industry’s common hurdles. Blockchain advocates root for the technology, which is expected to provide benefits like immediate payments to drivers upon delivery of cargo, self-directing fuel and maintenance payments, complete automated settlements, and recording and improving accessibility of carrier history and safety.

The newly established Blockchain in Trucking Alliance (BiTA), a Blockchain-inspired think tank of transportation industry players, sees its purpose as promoting and educating the industry on Blockchain, contributing to common standards development, and encouraging the use of Blockchain industry.

Recently, IBM announced its cooperation with 10 major US food suppliers in an effort to find areas of improvement in the global supply chain with help of Blockchain.

Full story and image source credit: https://cointelegraph.com/news/everything-blockchain-is-no-joke-taking-world-by-storm