Is Blockchain helps in the Sustainability?

1. Is Blockchain Help in Sustainability? Blockchain is innovative technology invoked in kinds of activities in business-like, healthcare, insurance, Banks, E-commerce, Supply chain, and FMCG, etc. The venture capital society spilled almost $1 billion into related startups between 2014 and 2016. Blockchain is distributed ledger technology used to record the transaction data with time-stamped. Blockchain functions efficiently with the help of smart contracts. Smart contracts are the predefined programs that are defined precisely among the parties involved in the transactions. Each transaction is verified and validated by the parties involved, to be appended on the blockchain further. here systems are decentralized avoiding dependent on central controlling authority, it's difficult to tamper with the data/ hack. The world’s largest financial services firms and banks are funding densely in blockchain technology. Many industries are likely to start their trial on blockchain for their business automation. The industry among services or renewable energy developers exploring a more efficient way of pricing and selling clean power. The consumer products companies and retailers seeking a better way of validating supply-chain claims. The banks and insurance companies are interested in verifying the origin of minerals, products about raw materials. Blockchain disrupting Power The Blockchain can be used in power projects, where it is shared distributed ledger technology, power is discrete and concrete, meters can be connected to the blockchain mechanism, wherewith the help of smart contracts power that excessive at a certain place can be shared with other buildings/venues with smart contracts. This can be recorded with the help of Blockchain. This is achieved in the real-time application in Brooklyn, New York, a startup called LO3 Energy is using the blockchain to manage clean power trading across a solar-fed microgrid that covers a city block. For example, Brooklyn, New York, where a startup called LO3 Energy is applying the blockchain to manage clean power trading across a solar-fed microgrid that covers a city block filled with both residential buildings and industrial facilities. Each piece of the grid has a blockchain. Groceries and Diamonds Blockchain technology is used for business automation, with the help of a distributed ledger can be aided in tracking the product order and delivery. Walmart is trial-testing a service it developed to observe produce in the United States and pork in China. The test is carried out for two items presently. This aims to provide healthy and hygienic foods to the users with satisfying the described food acts. The indicator includes information about the farm where the vegetable or pig originated, with data about their operating practices. Radiofrequency identification tags, sensors, and barcodes, already

2. widely used across many supply chains, are among the methods used to store the relevant data. They believe that enhanced traceability is essential for aspects of the food systems. Blockchain is used in the supply chain of the diamond process, where roughly mined diamonds are verified and validated with blockchain technology by aiding with the machines with sensors that are completely operated with the help of blockchain-powered applications for diamond processing. The certifications accompany the diamonds and can be linked with existing labeling practices, such as shipment barcodes. Blockchain helps various industries like Supply chain, Banks, Insurance, FMCG, eCommerce, and Energy management, etc. There are ​Enterprise Blockchain Solutions available with customized features addressing the business requirements enhancing the privacy, sustainability, reliability, transparency, and trust among the customers.