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Walmart Food Tracking Challenge: It can take up to days weeks to track the source for an outbreak of a food-borne disease. Benefit : Better traceability could help save lives by allowing companies to act faster and protect the livelihoods of farmers by only discarding produce from the affected farms. Approach : Walmart created a food traceability system based on Hyperledger Fabric. Walmart, together with IBM, ran two POCs to test the system. First one for tracing mangos sold in Walmart US stores and the other one to trace pork sold in its China stores. The tracing improved from 7 days to 2.2 seconds. Honeywell Marketplace   Challenge: To cut purchasing time for aerospace products from days or weeks down to seconds. Also, to connect each physical part to its digital equivalent.   Benefit : Purchased time reduced from days to minutes and boost to anti-counterfeit measures. Approach : Honeywell created a online marketplace system based on Hyperledger Fabric. Tracking of ne

WHITE PAPER TO THE GOVERNMENT ON BLOCKCHAIN TECHNOLOGY AND  LOCAL GOVERNMENT APPLICATIONS  This paper explains the potential applications of blockchain technology for local government use as well as the risks and challenges associated with its implementation, as indicated in certain case studies performed to date. Blockchain technology has the potential to improve local government processes by enhancing transparency, efficiency, integrity, and data management. While blockchain case studies are in their infant stages, major corporations, nonprofit organizations, and governments spanning the globe are exploring and implementing blockchain solutions. However, we do not yet have substantial data to show verifiable impacts of this technology. Further complicating matters, there is no universally accepted definition of “blockchain,” and there is widespread disagreement over which attributes qualify a system as “blockchain.” Management consulting firm McKinsey & Company defines blockchain