8 Revolutionary Real-World Blockchain Use Cases

The origin of Blockchain can be traced back to the 90’s, ancient for the world of IT, but the technology only recently gained traction due to the success of Bitcoin. However, a few unique advantages of blockchain make it perfectly suitable for use outside of the crypto- world. In this article, DSR answers the questions: Why is blockchain is so popular nowadays? Which industries are already being impacted by blockchain? Where are we headed with blockchain in the future?

Blockchain’s unique advantages have allowed it to step into industries and areas of life such as banking, supply chain management, refugee registration, digital identity and citizenship, healthcare, land and (intellectual) property registration, and even video games. The technology is security, private, and transparency oriented.

The following are the key benefits of blockchain that make it a unique, emerging technology:
Distributed. The blockchain is a P2P network with equal nodes.
Decentralization. The technology doesn’t rely on any central point of control. Therefore, a blockchain system is reliable, verifiable, and secure from third party tampering.
Consensual. Consensus protocols create agreement between nodes, generating irrefutable and verifiable receipts
Immutability. Information stored on the blockchain is immune to most manipulation and fraud. Guaranteed by hash anchoring and Merkle trees, the blockchain provides a verifiable history of all transactions.

The explosion of blockchain-based cryptocurrencies made the technology more mature and robust. Many of its initial drawbacks were eliminated: consensus protocols have become much more effective, performance is improved (as a pioneer, Bitcoin’s blockchain processes just 4.6 transactions per second, versus Visa’s 1,700 transactions per second), and vulnerabilities to the new types of attacks were identified and fixed.

These key, proven advantages makes blockchain a must for various real-world applications where security, transparency, and fraud protection are paramount.

Smart contracts

If we take a look at any information system, we can identify two main components: data or the information itself, and the way it is managed. In the case of cryptocurrency, the data is the amount of currency on a user’s account, and smart contracts are the way we manage and verify that data. Basic smart contracts (SC) can be found in Bitcoin, where a stack-oriented programming language is used. The concept of smart contracts was initially introduced in 1994 by Nick Szabo, a famous cryptographer, legal scholar, and computer scientist. Szabo’s revolutionary idea finally came to life with the appearance of blockchain.

Smart contracts allow for the creation of various data storage and processing systems based on the decentralized blockchain. All of the operations performed on data are defined by mathematical rules.

Key advantages of blockchain-based smart contracts:
• No server failures, intrinsic to the system’s decentralized nature.
• No censorship or threats of data manipulation/stealing.

With the help of SCs on the blockchain, we can create reliable and secured registers for everything; from the storage of intellectual property, to CryptoKitties (virtual, Etherium-based pets).

Digital identity

Identity management and security are a couple of the massive, crucial issues facing the web today. The global identity and access management market is going to reach a whopping $14.82 billion by 2021 according to KBV Research. Despite massive investment, traditional systems are still suffering from all sorts of vulnerabilities.

Blockchain holds the answer. Blockchain’s properties make it the backbone of Self-Sovereign Identity (SSI) a secure, reliable system of digital identity management. SSI data cannot be forged by design, and its’ level of security exceeds any conventional identification system.

Below we’ll show some impressive examples of blockchain use in digital identity management systems as well as in the supply chain, healthcare, automotive, banking, property registration, and even state election industries.

8 Revolutionary Blockchain Use Cases

Hyperledger Indy

Hyperledger Indy is an open-source project and one of several, well-established distributed ledgers built exclusively for decentralized identity. It features some evident advantages such as robust interoperability, zero-knowledge proof security, and anonymous credentials support.

The following are potential use cases for Hyperledger Indy:
• Digitization and verification of documents such as driver’s licenses and passports
• Secure, password-less authentication (SPA). On-site authorization with biometric data (like fingerprint scan) via user’s mobile device
• Membership management
• Sophisticated spam filters
• Age or basic credential verification (for online purchasing access, etc.)
• Secure and intuitive document and digital file exchange (purchase orders, invoices, design schemes, etc.)
• Employment verification
• Supply-chain inventory tracking and provenance
• Trusted peer-to-peer communication

Hyperledger Indy provides libraries, necessary components, SDKs, and detailed documentation. The platform can be used to build secure systems based on SSI.

You can learn more information about Hyperledger Indy on the official website or in person by visiting nearest community event or meeting, such as the Hyperledger Bootcamp Moscow which DSR attended in October.

MyClinic, Medicalchain

Medicalchain uses blockchain to create secured, electronic clinical records, monitor patients’ treatments, and share lab tests and other relevant diagnostic data between countries with different legal systems.

This is a great example of securing sensitive information and ensuring interoperability in healthcare systems which differ significantly not only from one another, but also from conventional data storage systems.

Renault

This blockchain-based system was created in collaboration with Microsoft (Azure Blockchain) and Viseo. The Renault system is used to identify a car, track any road traffic accidents related to it, build original spare parts catalogues to fight counterfeit products, and track car maintenance and insurance history.

Barclays

With the help of the startup Wave, Barclays has created a Letter of Credit system based on blockchain. Barclays claims this is a faster, more secured, and easy-to-use way of executing global trade transactions. Trade documentation is handled on the Wave platform and funds sent via Swift.

The bank claims that this is first-ever case of a live trade transaction using blockchain technology.
Barclays is hoping to get other banks on board with supporting the Wave platform in order to improve trade documentation management.

The new blockchain-based system helps to speed up trade transactions, reduce cost for companies around the world, optimize internal processes for banks, and eliminate the risk of documentary fraud.

Cambridge blockchain, CULedger, Masterchain

The emergence of “know your customer” blockchain use cases is going to be a huge disruption in the financial world. Blockchain is being used to make it fast and easy to identify and verify customers.

CULedger, for instance, is a global, distributed ledger with based on self-sovereign, digital-identity, built to reduce cybersecurity and fraud risks, improve the member experience, and reduce costs. The initiative works via a consortium made up of credit unions and trusted industry investors.

In Russia, Masterchain is being utilized by some of the countries biggest banks. Masterchain is a blockchain-based “know your customer” project to establish a secure and fast way to identify clients and access their financial history, without disclosing any personal or sensitive information unless the customer gives their informed consent.

Banks and large corporations are actively seeking ways to use blockchain in their operational activities and they are working together to explore blockchain technology and its applications. One such example is Consortium R3, with more than 300 participants across a variety of industries.

TradeLens

TradeLens is a blockchain platform built by IBM and Maersk which ships freights all over the world. It is used to manage sophisticated supply chains and involves smart contracts. This system is already being deployed around the world.

The supply chain system involves regulatory authorities, international ports, shipping hubs, etc. Sensors installed on ships, trucks, and shipping hubs are used to track freights in real-time with the help of an IoT system view and other relevant data, including shipping container weights and temperatures inside.

The TradeLens blockchain platform and smart contracts are used to establish the fast and secure sharing of shipping data from a single source with different supply chain participants like a cargo receiver, customs controller, delivery company, freight terminal, and other involved parties.

Follow My Vote

This online voting solution utilizes blockchain to ensure transparency and battle fraudulent activities in the voting system. Follow my vote provides the ability to prove the accuracy of election results by mathematical methods. It uses a blind signature approach to eliminate the need for procedural security in traditional election systems.

Blockchain technology brings a variety of advantages to the online election solution:
Security. Ballots are securely stored and cannot be altered by any party.
Privacy. Sophisticated and independently tested cryptographic algorithms ensure the privacy of voters’ data.
Voter Intent Verification. A voter can verify they casted their vote as intended.
Transparency. Any voter or party can audit each registered ballot to verify the legitimacy of results and the credibility of elections.

Georgia Land Registry

This is the first-ever nationwide land-registry system. Built in collaboration with the government of Georgia and launched in 2016, more than 1.5 million land registry entries have been made so far.

Immutable by design, blockchain technology guarantees citizens’ records are safe and cannot be forged by any party.

The Exonum platform greatly increases the speed of the registration process (less than 3 minutes) and a timestamping feature ensures independent validation of the land property title deed using cryptographic proof (hash). published on the Bitcoin Blockchain. In case of any doubt, a citizen can prove their ownership by providing the timestamp.

Key blockchain platforms
• Hyperledger (Indy, Fabric, Sawtooth, Iroha)
• R3 Corda
• Exonum
• Tendermint
• Verify

There are even more exciting and revolutionary blockchain use cases coming in the near future like access control and management solutions. Stay tuned on DSR Corporation’s blog to read more insights into cutting-edge technologies of M2M, IoT, machine learning, computer vision and other IT industries.

Nordic Chooses DSR & Wins

Nordic Chooses DSR & Wins

DSR Corporation announces its partnership with Nordic Semiconductor. DSR’s ZBOSS 3.0 Zigbee 3.0 software stack is part of the Nordic offering for the multiprotocol nRF53840 SoC.  ZBOSS software was formally certificated by the Zigbee Alliance in September of 2018 as a Zigbee 3.0 compliant platform.

Satisfied Clients

“We are very satisfied with the choice of the Zigbee 3.0 solution vendor for our nRF52840 multiprotocol System-on-Chip (SoC),” says Nordic’s Pär Håkansson, Strategic Marketing Manager. “DSR Corporation has proven itself as a highly reliable partner, working closely with Nordic to make joint production quality software. We appreciate DSR’s professionalism, teamwork and extensive experience in software engineering and Zigbee to help us deliver a new solution to the market that will broaden Zigbee reach around the world.”

What`s Inside

nRF52840 is designed around an Arm® Cortex-M4 CPU with floating Point unit (FPU) and provides the ability to support complex and demanding applications as a single chip solution. Implementation of Zigbee in the nRF52840 SoC expands Nordic’s already broad portfolio of mesh networking solutions for smart home, industrial, and enterprise industry.

DSR’s ZBOSS 3.0 is a cross-platform, high-performance Zigbee 3.0 software protocol stack implementing Zigbee 3.0. ZBOSS 3.0 is highly interoperable and has been used as a Zigbee Pro compliant platform for several chipset solutions. ZBOSS 3.0 is a market-proven product that is used to provide interoperability between 200+ products at more than 40 companies.  ZBOSS 3.0 allows all devices roles and provides extensive support for various cluster libraries.  User-friendly, high-level APIs support fast creation of applications on a predictable budget.  Built with a fixed memory footprint, ZBOSS does not use dynamic memory allocation, which leads to predictable memory budgeting.  Lastly, an important stack feature is optimized power consumption: ZBOSS interrupt-driven I/O improves battery consumption and excludes polling. Additionally, ZBOSS utilizes low RAM capacity on the target device with a special technique in handling data structures.

Worldwide Acceptance

Following the launch of this product, we are happy to announce that Nordic’s advanced Bluetooth® 5/Thread 1.1/Zigbee PRO solution won “2018 Product of the Year”. The nRF52840 chip was named winner of the “RF/Microwave” category by Electronic Products Magazine, which has been an industry icon for more than 40 years. We are both excited for Nordic and honored that they selected us as a trusted technology partner.

Thoughts After CES 2019

CES 2019 at a Glance

Every year we make our way to CES (Consumer Electronics Show) in Las Vegas for the annual consumer electronics exhibition. Imagine over 4,500 vendors presenting new ideas and technological developments spread across an entire week — it really does give a whole new meaning to the city of lights. CES presents a great opportunity to meet like-minded individuals in similar fields, or different, helping catch new ideas, contacts, and ideas – it’s wonderful here.

The history of CES began over 52 years ago with organizers showing more progress each and every year. With the main theme being innovation and information technology, the width of coverage is vast:

  • Robotics,
  • Artificial Intelligence,
  • Three-dimensional Printing,
  • Design,
  • Drones,
  • Sport Technologies,
  • Smart Home,
  • Family & Lifestyle,
  • Virtual Reality (VR),
  • Games,
  • Unmanned Vehicles,
  • Music,
  • Entertainment & Content,
  • Cryptocurrency,
  • Internet of Things (IoT),
  • and Machine Intelligence.

 

All About IoT

The beginning of the year confirmed that IoT is coming to the mass market.  Focus has shifted from smartphones to other smart devices — and manufactures are taking notice.  Improved air quality sensors, door positions, windows, just to provide a few quick examples.  There are even smart window systems being developed that can inform the home when a window is opened wider than an indicated gap, for example.

Consumers can now choose between a wide variety of smart devices and systems, putting real pressure on manufactures and companies to advance smart home ecosystems. But the problem doesn’t just end there. Consumers need a way to connect many different smart devices to a single system – easy management.  This is where Zigbee and other wireless technologies flex their strength; gateways with multiantenna and customization service suggestions come to the rescue.

Hi Computer, Talk to Me

Voice automation control becomes more the norm than the rarity.  It falls into many devices and almost everyone has them now. People want to have a voice assistant in their home, in the office, and in the car, like Jarvis from Iron Man. Project recipes from the Internet to the kitchen door by voice request?  Yes, please!  Yet, even Alexa from Amazon or Google-assistant do not always suit as a compromising option.  Artificial intelligence is poised to grow wiser and communicate with people better and faster.  Companies that once winced at the idea of software in their products are now flocking to CES.  For example, Procter and Gamble – L’Oreal, are developing mirrors that can look at your face to determine if your skin needs support or treatment.  Maybe just a care cream?  Cameras take pictures of the users face and follow changes of the face in real time.  Maybe they’ll even notice skin cancer in due time.

It is interesting that companies that are seemingly far from “software” come into the sphere of technology.  These companies expand the development zone to such wide branches like automation for pets, children, sleep, and beauty.  There are even smart leashes and collars!  People even get interested in buying devices that can distribute pleasant smells throughout their homes.  And what if you could connect a device that could command three-dimensional TV? Cars? Batteries? Spotify on your steering wheel?  The ideas and possibilities are endless.

Robotics help businesses change their models.  It is especially gratifying that companies competing in the past are starting to cooperate.  To denote such activity, the new term ‘coopetition’ has appeared.  ‘Coopetition’ should bring even greater breakthroughs in overall development.  Teamwork gives rise to new achievements.  SDKs help bring the product to market.  Quick starts are real.

Meet & Talk

DSR had a lot of productive meetings with existing and prospective clients and it was the most successful CES to date. DSR was also a proud  sponsor of the Zigbee Alliance Social – an invitation only event that was a great opportunity to bring all of the members together in one location and celebrate Zigbee successes from 2018. During this event, Zigbee Alliance announced several of the new developments and expansions of the standard and also unveil the location of the next member meeting. The atmosphere for the event was very warm and inviting and perfect for conversations and celebration.

In Closing

Here are seven key CES 2019 takeaways that caught our attention:

  • IoT is finally an emerging mass market (and the data it gathers has lots of financial implications)
  • Amazon and Google are in “hand-to-hand combat” driving voice technology into the Smart Home and beyond
  • 5G, NB-IOT and Cat-M1 are expanding battery-powered WAN connectivity in amazing ways
  • Drones—from airborne to underwater to John Deere—are becoming platforms
  • Robotics are creating business change
  • Artificial Intelligence is getting smarter
  • “Coopetition” is happening in lots of places

IoT is moving capabilities out of smart phones and into different smart things. People want their homes, cars and offices to have a voice like Jarvis (see the Ironman movie franchise). And not everyone wants Amazon Alexa or Google Assistant as the go-between. Battery-powered WAN connectivity in a variety of speeds is making the cloud easier by “losing the gateway.” Drones and robotics platforms are giving new capabilities to businesses and consumers. Artificial Intelligence (“AI”) is changing the way products and services interact with humans. And if Apple and Samsung are teaming up, is it time to evaluate how “coopetition” might help your 2019 business goals?