With meaningful and fully operational pilots and programs coming to the fore at Blockchain Expo Europe 2022 in Amsterdam, blockchain is no longer a buzzword spread by mainstream institutions.
Prior to the COVID-19 pandemic, a number of mainstream companies in various industries began exploring ways to use blockchain technology to improve their processes and products.
After two years of social distancing and working from home, it’s time to harvest the sewn seed fruit, as evidenced by some interesting updates from major companies using blockchain technology.
The worlds of business consulting, healthcare, pharmaceuticals, and energy sectors all offer valid blockchain-powered solutions, seemingly proving the wide-ranging utility that the burgeoning technology promises.
Cointelegraph attended the event and was able to engage with a number of speakers who showcased how their company is using technology to drive innovation.
EY, a global business consulting firm, has been working hard for the past three years to build enterprise-grade blockchain capabilities. Federico De Poli, who leads global development of EY OpsChain capabilities, outlined how the company has spent over $100 million in the last three years to build a fully functional product solution.
Driving enterprise adoption is key, helping clients navigate the new environment, building security-focused privacy tools, and helping enterprises run their business processes on the Ethereum blockchain. is supporting
As De Poli explained, the company’s own EY Opschain and EY Blockchain Analyzer are the two main tools that use blockchain technology.
“Opschain products are our business suite products. We have traceability, the most used tool used in production by multiple clients in different industries. We have contract manager used in the first trial It is a useful tool for making digital contracts between parties.”
EY public finance managers have also enabled governments to track the disbursement of funds, proving the widespread utility of blockchain solutions.
Healthcare and pharmaceutical companies also attended the RAI Amsterdam Convention Center. Alex Popa, Associate of Blockchain for his Pharma Supply Excellence at MSD (Merck) and his director, outlined a pilot aimed at addressing multifaceted health care network issues.
Plagued by expensive, inefficient and fragile systems, blockchain technology offers a practical solution to these problems. MSD conducted a pilot to combat industry thorns and counterfeit drugs using Hyperledger Fabric. This allows Hong Kong patients to verify the authenticity of their medicines from their suppliers.
Jessica Lee, Head of Blockchain for Janssen Commercial North America at Johnson & Johnson, pilots a value-based healthcare system to share data privately, securely and transparently using blockchain technology. We also introduced a use case.
Shell Blockchain Leader Sabine Brink delivered a compelling presentation focusing on digital innovation in the energy sector. A key takeaway is the increasing use of blockchain technology to promote energy transparency.
The company is working on several blockchain-powered projects deployed on public blockchains to address the long-standing trend of the energy sector working in silos. A key highlight was Shell’s effort to support Avelia, a sustainable blockchain-powered aviation fuel tracker aimed at decarbonizing air travel.
Outlined that 90% of airline emissions come from business travel, Avelia serves as a sustainability as a service product for corporate flyers and airlines to book and claim sustainable aviation fuel.
“Energy is becoming more decentralized and decentralized, and it is hard to imagine it being organized in a centralized way. I have.”
In conversations with conference delegates and speakers, we saw clear progress in developing practical blockchain solutions across the industry. This technology is driving innovation across industries, with mainstream companies playing a role in driving new use cases and solutions for blockchain-based systems.