How can blockchain technology, beyond its use in cryptocurrencies, be leveraged to revolutionize industries such as healthcare, supply chain management, and intellectual property? What are the technical and regulatory challenges associated with implementing blockchain in these sectors, and how can these challenges be overcome to fully realize blockchain’s potential for transparency, security, and efficiency?
Resources & Suggestions
Mains Answer Writing Latest Articles
On: February 24, 2025
Daily Answer Writing Practice Questions (24 February 2025)
The rise of the work-from-home culture has brought about several ethical issues in private organizations. In this context, do you believe it is ethical for an employee to engage in moonlighting? Discuss. (Answer in 150 words) घर से काम करने ...
On: February 22, 2025
Comments:
0
Indo-US Relation: Areas of Cooperation & Conflicts
Key Areas: Defense, technology, trade, energy, and regional cooperation. Key Areas of Cooperation 1. Defense and Security Transition from buyer-seller to co-production and technology sharing. India as a Major Defense Partner (MDP) and inclusion in STA-1. Access to advanced technologies, ...
On: February 22, 2025
Comments:
0
भारत-अमेरिका संबंध: सहयोग और संघर्ष के क्षेत्र
मुख्य विषय: भारत-अमेरिका संबंधों की मजबूती, विशेषकर रक्षा, प्रौद्योगिकी और क्षेत्रीय सहयोग में प्रगति। सहयोग के प्रमुख क्षेत्र 1. रक्षा एवं सुरक्षा सहयोग भारत और अमेरिका के बीच रक्षा संबंधों का विस्तार। प्रमुख रक्षा साझेदार (MDP) का दर्जा और STA-1 ...
Blockchain technology, known for cryptocurrencies like Bitcoin, can also revolutionize healthcare, supply chains, and intellectual property. In healthcare, it secures patient records across hospitals while keeping personal details private. For supply chains, it traces products from origin to store shelves, preventing fraud. In intellectual property, it verifies ownership and manages digital rights efficiently.
Yet, using blockchain in these areas has hurdles. Making it handle lots of data, work with current systems, and use energy wisely are technical challenges. Laws about data privacy and international rules are also tough to navigate.
To fix these, teamwork is key. We need smarter tech solutions, like better ways to agree on data and share it. Rules need updating too, to protect data while letting new ideas thrive.
Teaching everyone about blockchain’s perks and testing it in smaller projects will help. This builds trust and support for using blockchain widely, making sure it really does bring clear, safe, and quick changes to these important parts of life.