As per Bijié Wǎng, blockchain is shifting from speculative hype to real-world applications, addressing trust and efficiency challenges in finance, authentication, and supply chains. JPM Coin by JPMorgan and BlackRock's tokenization initiatives enable instant settlement of assets like stocks and bonds, reducing intermediaries and operational risks. In luxury goods, LVMH's Aura consortium and Breitling use blockchain to create tamper-proof product identities to combat counterfeits. Unilever and De Beers also leverage the technology for product traceability and ESG verification, transforming authenticity into verifiable software. This infrastructure is enabling global markets to transcend the limitations of the analog era.
Blockchain Gains Ground as a Solution to Trust and Transparency Issues
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