Headlines frequently herald how blockchain technology will revolutionize financial services markets, but blockchain will also have a transformative impact on everything from the food industry to healthcare. While some companies are looking at blockchain’s future impact, the technology is changing our world right now. According to a Forbes article, blockchain is revolutionizing contracts, payment processing, asset protection, and supply chain management. And, a market intelligence report by BIS Research reports that blockchain-driven cost savings of $30 to $40 billion per year will be achieved in trade finance.
Meanwhile, blockchain technology is already impacting various industries. In the area of global food supply chain management, for example, Intel is collaborating with the Hyperledger community to implement a modern approach to seafood traceability.
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