Decentralized Autonomous Organization The Book of DAO Business in the Next Generation Strategies of the Couch CEO The Healthcare and Insurance Industries Gone Blockchain 2022

<p>Many American retail companies that have experienced outbreaks of foodborne diseases and subsequent food recalls have implemented blockchain technology within their food supply chains. A food item's provenance can now be identified in a few seconds when it used to take at least seven days to trace a single product.</p><p>Thus blockchain solutions make the recall process more rapid efficient and cost-effective. Customers have also witnessed the implementation of blockchain technology in <strong>hypermarkets.</strong> For instance in Walmart's Chinese stores customers can scan the QR code to obtain comprehensive product information from the farm's location to the inspection certificates.</p><p> </p><p><u><em><strong>In healthcare</strong></em></u> blockchain-based solutions have emerged as a <strong>highly secure</strong> and transparent method of storing electronic health records (EHR). Both physicians and patients are authorized to access and utilize medical records. </p><p> </p><p>Likewise blockchain systems are enabled by smart contracts that enable the <strong>protection of EHR data privacy</strong>. In addition to encrypting healthcare device data and clinical research insurance can also be executed and saved. Controlling the supply chain for prescription drugs and medical equipment is a second use case.</p><p> </p>