Seven Blockchain Initiatives That Might Change The World

November 12, 2108

BLOCK TRIBUNE

By Peter Stoykov

 

Today, a number of revolutionary technologies are poised to change the world, but none have the same potential as blockchain. This distributed public ledger is virtually impenetrable to cyber threats. Its decentralized nature renders it impossible for third parties to tamper with, making it an ideal solution for global issues such as corruption, transparency, data manipulation, and online security.

Provenance is first among the seven listed initiatives leveraging blockchain technology to make the world a better place.

1. Provenance

Provenance is a blockchain-powered platform designed to increase transparency in business. Now more than ever, people are empowered to know more about what they are consuming, whether products are really what these brands say they are. However, the only way to verify that is through the brand itself, from their website or social media accounts. Consumers mostly just have to hope that these businesses are telling the truth. With Provenance, it will be a whole different story.

Brands can increase transparency and build trust using Provenance. Businesses can share the processes behind their products, who makes them and where they’re made. Not to mention, brands can use it to share their social and environmental impact…

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