Pharmaceutical Industry: An issue in the pharmaceutical industry is of
counterfeited medicine is increasing day by day. Tracking the complete
j ourney of drugs is difficult as it is responsible for developing, manufacturing,
and distributing drugs to the consumers.
Blockchain technology helps in monitoring the shipment of drugs from their
origin to the destination of the supply chain on account of its nature of being
transparent and traceable.
Smart Homes: Smart IoT-enabled devices play a crucial role in our day-to-day
lives. Enabled by IoT blockchain, the home security system is managed
remotely from the smartphone.
The traditional centralized approach lacks the security standards and
ownership of information to exchange information generated by IoT devices.
The smart home is elevated to the next level by solving security issues and
removing centralized infrastructure blockchain.
Automotive Industry: A competitive demand experienced nowadays is
digitization. The automotive industries are using IoT-enabled sensors to
develop fully automated vehicles.
By connecting IoT-enabled vehicles with the decentralized network, multiple
users can exchange crucial information easily and quickly.
The automotive industry is one of the interesting blockchain IoT use cases
where the combined technology of blockchain and IoT can disrupt automated
fuel payment, autonomous cars, smart parking, and automated traffic control.
Supply chain and logistics many stakeholders are involved in a global supply
chain network such as brokers, raw material providers, and complicating the
end-to-end visibility.
The supply chain can consist of a multitude of payments and invoices and
extend over months of time.
The biggest challenge due to the involvement of multiple stakeholders is
delivery delays.
To track the movement throughout the shipment process, organizations are,
therefore, working on making the vehicles IoT-enabled.
In summary, blockchain has to use cases all across including cryptocurrency,
agriculture, land records, transportation, subsidy disbursement, microgrids—
solar panel and battery storage, vehicle registration, K YC process, insurance,