Featured Posts

The Problem with Fidelity’s Crypto Trading Platform

October 16, 2018

1/3
Please reload

Recent Posts

Three More Government Blockchain Applications

September 25, 2018

 

 

Specific government departments in Spain, U.S.A. and Dubai are integrating blockchain systems to increase their overall efficiency and create new features to address their most pressing concerns. Essentially, the general attribute achievable with a blockchain system used in all three cases is live data tracking for their particular supply chain. These networks can also facilitates a payment system for near-instant payment settlements.

 

The tech term IoT (internet of things) is finding its groundings in applications like this. When the item, product or service at hand is connected to the internet, an entirely new dataset is available to research, track and optimize the logistic path. In Dubai, their implementation is part of an ongoing initiative to push for “smart cities,” which takes the IoT concept and connects it to the common functions of cities.

 

Forestry Supply Chain In Spain

 

The Spanish Ministry of Agriculture, Fisheries and Food created a group specifically to bring those benefits to their forestry industry called ChainWood. They will focus on traceability and efficiency of the wood supply in Spain. The group consists of eight partners representing Spanish. They were given initial funding of 93,350 euros by a collection of government bodies.

The goal is to develop a cloud-based software for perfect transparency of all related processes, such as forming solid wood, disintegration, cellulose paste, and biomass. ChainWood will pilot the system in Castilla y León with the poplar, Asturias with the chestnut, and Galicia with the oak tree.

 

Naval Manufacturing Supply Chain In U.S.

 

The Naval Air Systems Command (NAVAIR) will use the technology to track aviation parts. Accurate information in this industry is vital. Light aircraft parts are a resource-consuming process that drives up the cost to operate military aircraft because of the stringent regulations associated with their manufacture, delivery and installation. This permissioned blockchain will form through a Cooperative Research and Development Agreement that includes Indiana Technology and Manufacturing Companies (ITAMCO) and developers of another company, SIMBA Chain. The secondary goal is a benefit for ITAMCO researchers, where they get a chance to develop a conceptual architecture of what a connected and visible supply chain could look like.

 

Payment System In Dubai

 

Smart Dubai is the group committed to integrating technology that will facilitate a strong IoT network in their country, and ultimately a version of a “smart city.” Their “Court of the Blockchain” group explores the potential of the technology in addressing the shortcomings of the UAE’s legal system. This has resulted in an experimental blockchain-based system to verify court judgements. The government has now introduced a system for “Payment Reconciliation and Settlement” to reduce the paper trail and manual work needed in many instances of government. The system is ideal for the Dubai Police, Roads and Transport Authority (RTA), Dubai Health Authority (DHA), and others. But the first was the Dubai Electricity and Water Authority (DEWA) and the Knowledge and Human Development Authority (KHDA).

 

 

By: BGN Editorial Staff

 

Share on Facebook
Share on Twitter
Please reload

Recent News
Please reload

About Bitcoin Global News

Our platform consist of everything bitcoin. We provide          bitcoin global news, press release distribution, and                bitcoin information.