The demand for Blockchain and its potential is increasing just as the blocks of data keep on adding to the chain. Starting with the financial sector, Blockchain has come a long way in revolutionizing mundane processes but the transformation has just begun.

What began with decentralizing the financial sector is now positioned to solve corporate problems through enterprise blockchain applications. Blockchain may have started with bitcoin as an alternative to the existing centralized systems but the distributed immutable ledger but it was soon recognized as a solution to many inherent problems in the traditional systems.

The fact that Blockchain is…


Today, companies are exploring the potential of blockchain networks to improve transparency and optimize their existing business operations. Businesses will soon realize the versatility of this revolutionary technology and who would miss out on the opportunity to secure a position in the future blockchain market!

While there are different types of blockchains, organizations believe enterprise blockchain best suits their needs rather than a public blockchain network. So, what is an enterprise blockchain and what features of it make it a better option for enterprises? Enterprise blockchains are permissioned blockchains that give control to the company that owns them. …


Fake goods are everywhere. It’s a global issue that impacts almost every industry in the world. While manufacturers and distributors lose millions of dollars each year to counterfeit goods, they pose an even greater threat to consumers. Identifying counterfeit goods and removing them from the supply chain is a difficult task. The pharmaceutical industry is worst hit by counterfeiting. Fake drugs cost over $200 billion per year and over 1 million people lose their lives using these drugs. The drugmaker’s loss of trust and reputation is an obvious outcome.

Buying and using a counterfeit drug is not like buying a…


In June 2012, almost 2000 people were arrested in China in a counterfeit drug crackdown. In Feb 2019, WHO warned of a fake version of the cancer-treating drug, Iclusig, which instead contained paracetamol. Traders of these fake or substandard versions of original medicines hide them among the unsuspecting cargo and create a confusing chain of custody, making it difficult to trace their origin.

Such dangerous tampering of the pharmaceutical supply chain undermines the confidence in public health measures.

But, what if the chain of custody was transparent?

Imagine if a record was maintained on the origin of shipments and who…


First things first — what is blockchain and why is it trending? Blockchain is a technology to record information digitally, where it is impossible to tamper with.

Expanding on the same, blockchain is a digital ledger of data transactions that gets recorded, distributed, and duplicated in a peer-to-peer network of systems located across geographies. This digital database is managed by a time-stamping server.

As goes the name, the data gets stored in the form of blocks and is chained together with a cryptographic hash from the previous block based on chronological timelines, and is approved by all parties in the…


If you are a part of the automotive industry, you will know how complex the automobile supply chain is. It is the second most complex supply chain process after the consumer electronics industry. A vehicle involves over 25000 components, electronic and digital technologies from various suppliers around the world. Consider the car air conditioner which involves a condenser, expansion valve, refrigerant, orifice tube, evaporator, pressure regulating devices, accumulator, control systems, and various other components. Likewise, almost all the systems in a vehicle include sub-components supplied by different vendors. With electric and autonomous vehicles becoming popular, your supply chain system becomes…

Blockedge

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store