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This year, sentiment has declined to a tepid level with respect to cryptocurrency markets. For example, while some experts still believe that bitcoin could crack the $100,000 mark, the price of bitcoin slumped to under $16,000 this November.
Some auto companies have begun piloting this emerging technology. Volkswagen Group collaborated with tech company, Minespider to trace its raw materials back to the point of origin. Blockchain technology programs at BMW have inspired initiatives that accelerate data visibility.
I looked at 34 projects listed by the top Google result for “real-world blockchain projects”. 33 of these are either dead, pivoted away from Blockchain, use Blockchain in a (sometimes dangerously) bad way, or are have no real-world utility.
1. Moderna to Use Blockchain for Vaccine Distribution (IBM Blockchain) IBM Blockchain is one of the most reliable and widely used blockchain platforms aimed at enterprises. It is used in supply chain management, healthcare, banking, media, and other sectors. At the beginning of March 2021, biotech firm Moderna, whose mRNA-based COVID vaccine has been approved in the US, the UK, and many other countries, said that it would apply DLT and AI in the vaccine distribution. Blockchain will help the company provide vaccine traceability. This will enable governments and healthcare provides to check th...