Blockchain technology has gained a significant momentum in the recent past. The concept of blockchain has been implemented in diversified sectors such as finance and health. This technology has boosted business through the enhancement of security and increasing the efficiency of business operations making many enterprises attracted to utilize the technology. Serial entrepreneurs and companies have started making strategic investments in this innovative technology to enhance business activities. This is attributed to the advantageous nature of this technology and the ability it has to transform the internet and introduce top trends in the market. It is a technology that has taken the world by storm and still promises more exciting innovations.
One of the most recent notable applications of the blockchain technology is in the pharmaceuticals industry. Software Authentic Pharmaceuticals have launched a Blockchain software to authenticate drugs and consequently reduce counterfeit medicines in the market. The software is intended to be utilized by pharmaceutical packaging wholesalers to help remove contaminated and harmful drugs in the market to ensure consumers’ health is improved. The software will help consumers verify information regarding drugs upon purchase. Some of this information includes expiry date and products codes to affirm the authenticity of the drugs. This is a solution for the industry and a great leap forward in pharmaceuticals, courtesy of blockchain technology. https://bitcoinexchangeguide.com/sap-launches-new-blockchain-software-to-authenticate-pharmaceuticals-eliminate-counterfeit-drugs/
The blockchain technology is founded on the security and safety of data stored in the ledger. This is a concept that can be utilized to promote intelligence and enhance cybersecurity. This technology is a powerhouse to reckon on based on the fact that the blockchain technology is yet to be compromised concerning security and hacking. Regarding security, this technology is utterly trustworthy. Amid the cons, hacking, and scams in the exchanges and crypto markets that have recently hit the headlines, this would be the right moment to lean on the ever-reliable security principle of the blockchain technology. In addition, this technology will also effectively help reshape of the declining cryptocurrency market. Also, the technology is predicted to help improve the securities market. This is possible through a process of turning and selling blockchain as tokens securities that are legally compliant. This idea of tokenizing securities would help in eliminating banks and government roles in the stock markets which are pervading and also turn securities to self-regulating. This is a profound and a liberating idea that would enhance transformation of the stock market while addressing the problems in the market. https://www.forbes.com/sites/devinthorpe/2019/01/18/how-blockchain-technology-will-improve-securities-markets/#535e84e25e44
