In "10 Blockchains Can Benefit Merchants", my previous article, I tackled the potential uses of blockchain technology. In this article, I will describe 10 service providers who are already using this technology.
Block the verb
Blockverify uses block strings to identify counterfeit goods and make the supply process more transparent. Each product is labeled with a Blockverify label that helps to verify the origin of the product at each stage of the supply chain. All these data are kept on a chain of blocks and can be viewed to verify the authenticity of the consumers at any time. The technology supports products in four sectors: pharmaceuticals, luxury goods, diamonds and electronics.
Veem allows businesses to send and receive payments online at low cost, in their local currency. The solution is built using blockchains with other technologies to allow transfers directly from one bank account to the other. It is used in more than 60 countries.
Ascribe offers a blockchain product to manage and sell digital art. Artists register as a creator and use the blockchain to combine their digital works. He then tracks the sales by transferring ownership of the creator's work to the buyer. For independent retailers, this type of security could reduce ownership issues and prevent copyright infringement claims.
OpenBazaar is a decentralized online peer-to-peer market. Payments are made using Bitcoin. The OpenBazaar application is free to download.
Provenance, like Blockverify, puts the emphasis on improving the transparency of supply chains. But instead of identifying fake products, it helps determine whether the products come from ethical and sustainable sources. It promotes brands that commit to ethical sourcing, fair working conditions, quality and sustainability. Retailers can use this information to promote more ethical and sustainable products.
Everledger offers a permanent blockchain registry for tracking and protecting valuable assets for insurance companies, owners, claimants and law enforcement teams. Everledger supports public and private blockchains. The latter works by giving access only to certain people.
Wave facilitates the exchange of documents between members of a supply chain using blockchain. This helps to manage and resolve conflicts because the blockchain provides compelling evidence of what has happened at each stage of the chain, detecting counterfeits and unnecessary risks. By not using a central agency to govern this exchange of documents, Wave eliminates the single point of failure and also avoids third party costs.
Warranteer uses blockchain technology to digitally manage product warranties. The company works with Asus, LG, GoPro, Hisense and other major brands. All collateral can be stored in a blockchain portfolio and updated in real time. Guarantees are automatically activated and various after-sales services are followed. Users are invited by Warranteer if a warranty is about to expire, with an easy way to extend it. In addition, the guarantees can be transferred transparently from one supplier to another.
Loyyal is a loyalty platform built on blockchain. He collaborates with loyalty programs from several industries – such as retailers and airlines – to offer multi-brand rewards by combining, say, a retailer and an airline for a unique reward. This interoperability leads to greater exchange options and better management of program accountability.
POSaBIT allows consumers to buy cryptocurrencies during the point-of-sale retail experience. These digital wallets can be used to make on-site purchases or anywhere that accepts these currencies, such as Amazon, Overstock, Expedia, and more.
Do you use a blockchain solution? Please let us know in the comments, below.