How Blockchain Technology Can Help Power A New 21st Century Metropolis Posted on : Sep 20 - 2018

It's a bird! It's a plane! It's the Blockchain! It may not have the same ring to it as Superman, but sure enough, it aims to accomplish the digital equivalent. When Superman joined the Justice League, the chances evil forces or bad actors were able to seize the day, were minimal. The same can hold true with Blockchain technology as it relates to 21st century users.

The 21st Century Superhero

In this case, the Blockchain, is the superhero, and the companies and individuals it benefits, is the city of Metropolis. The Blockchain can seemingly accomplish the impossible by providing solutions to long-standing cyber-security and efficiency issues. Yet, its powers can be strengthened by combining it with other technologies and tools, such as artificial intelligence (A.I.) and bots.

So, what does integration look like for our 21st century infrastructure?

A Retail Powerhouse Platform

While a newer technology offers solutions that its predecessors did not, it still may not be able to address every issue. However, when combined with other technologies, the synergies tend to cover more of these problem areas. Strength is always in numbers, and I'm sure the Justice League would agree, if they were using Blockchain technology to help power the Hall of Justice.

Consumers can receive more transparent product information so they know exactly what they are buying. The range of information available, including, but not limited to its origin, characteristics, and history along the supply chain, help to maintain quality control.

While there are several projects out there devoted to automated supply-chain management and tracking, one company I came across, OSA DC, is an A.I.-driven, decentralized blockchain platform, enabling the collection of real-time data from retailers and consumers. The machine learning-enabled system takes all this data to quickly uncover patterns along the supply-chain, providing a personalized strategy for that segment. This helps to minimize any nuisances or poor behavior that would seek to diminish quality control. View More