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Topic - How is Blockchain going to change education?

Speaker Profile - Harshil is a graduate of Mumbai University and has been working with Infosys for the last 1.5 years. Talking about Blockchain, he has experience of building with Hyperledger and Ethereum and has developed several projects on the same in the past. Currently, he is working on building an open app based on The Open Application Network which is an underlying Blockchain network named Learn Wisely.

Startup Profile - Learn Wisely software provides a review system for online educational courses in a decentralized and authenticated way. The software mainly provides a review of a course as per the user’s interest and guide them about the course through the reviews given by various verified users.

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The future with Blockchain
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The future with AI

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How Blockchain will change the supply chain industry?

A Supply chain is a system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer. Supply chain activities involve the transformation of natural resources, raw materials, and components into a finished product that is delivered to the end customer. In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable.

Blockchain can enable more transparent and accurate end-to-end tracking in the supply chain: Organizations can digitize physical assets and create a decentralized immutable record of all transactions, making it possible to track assets from production to delivery or use by end-user.

How Blockchain will impact the jewellery market?

India is deemed to be the hub of the global jewellery market because of its low costs and availability of high-skilled labour. India is the world’s largest cutting and polishing centre for diamonds, with the cutting and polishing industry being well supported by Government policies. Moreover, India exports 75 per cent of the world’s polished diamonds as per statistics from the Gem and Jewellery Export Promotion Council (GJEPC).

Blockchain helps to authenticate, in an instant, the apparent high value of any luxury item — from where it comes from to what it's made of; from how many hands it has passed through to where and when it has been stored, stocked and delivered — and that is extremely important in the world of watches and jewelry.

How Blockchain will benefit the health and insurance industry?

All things that lead to risk-associated steps in which information can be lost, tempered with, and misinterpreted. In fact, almost half of the 143 U.S. insurers surveyed by the Property Casualty Insurers Association of America and FICO said that fraud accounts for five to 10 percent of their claims costs. There’s much left to be desired in terms of security, efficiency and customer satisfaction.a

While blockchain is the hopeful solution, it won’t come without its obstacles. Insurance companies must overcome regulatory and legal hurdles before fully embracing blockchain technology. There are a number of blockchain features that could be inconsistent with current insurance laws. For example, personal customer data and their policy information residing on blockchain must comply with existing privacy and data protection regulations.

Blockchain is gaining traction as a tool that could help solve some of the healthcare industry's age-old problems that have resulted in wasteful spending and higher costs for providers, insurers and patients. Once-reluctant competitors are joining forces to find out just what the technology can do and in the process are developing new transparent business models.
They anticipate that blockchain will be the key that unlocks barriers to healthcare data-sharing and ultimately enables an industrywide shift to value-based care.

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