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Final assemblers, such as automobile manufacturers, can create a supply chain network managed by its peers and suppliers. This allows the final assembler to better manage its suppliers and be more responsive to events that would require vehicle recalls particularly those triggered by faulty parts provided by a supplier.
A Blockchain network is used to mimic the healthcare insurance industry. The network allows hospitals, insurance agencies and the insuree to act as organizations. It also provides a standard protocol for all participants to track the validity of a claim as it progresses through various states.
When an user submits his/her KYC to an institution, it must go through a manual verification process. The user might have also submitted his KYC to another similar institution and gotten it verified. However, every institution needs to perform it’s own verification process as having a single point of verification also provides a single point of weakness. With a Blockchain system in place and a properly framed consensus approach, we can surpass this restriction and accelerate the verification process.
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