Government Benefits Program Distribution
Distributed ledger technology fundamentally improves this process. Its ability to provide improved transparency while protecting data's intrinsic security, integrity, and above all, value, democratizes data and allows its future regulation as a strategic resource. In the supply chain, Distributed ledger technology significantly increases the utility and value of data, especially in complex, highly regulated industries that need to share data throughout complex stakeholder networks without compromising security. The ability for more planning stakeholders in the extended distribution chain to view and access more complete high-quality data makes optimized distribution planning easier and faster. Among the services we offer are:
- 1. Tracking provenance to meet regulatory compliance – By serving as a public ledger system that certifies the data in a supply chain's production log, Distributed ledger technology provides the required visibility needed to track suppliers. It is essential in complex, global industries like food, medicine, and consumer goods, where the origins of supplies are highly regulated and notoriously difficult and expensive to manage.
- 2. Improving public health, safety, and services – Distributed ledger technology provides a way to democratize data to improve public health, safety, and happiness. Today data's value disproportionately benefits large organizations like Amazon, Facebook, and Google. With Distributed ledger technology, influential organizations like these will no longer be able to successfully argue with regulators that they can't share data with health organizations, public service providers, and even citizens for fear of compromising privacy and security.
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