Revolutionizing supply chain management and health financing through a decentralized database and peer-to-peer networks.
Blockchain is one of the most talked-about technological innovations today. In the Financial Services industry, many companies using blockchain have seen increased security, reduced costs, decreased transaction time, and increased transparency all while eliminating the need for a third party intermediary.
A blockchain-based financing system reduces fraud and corruption risk in global health development while accelerating necessary transactions through secure and immutable ledgers. Further, blockchain technology is elastic and may play a role in reducing vaccine wastage by allowing traceability of products at any given point in a supply chain.