Blockchain technology is being used to help the diamond industry crack down on illegal trading, by removing the risk of people entering forged certificates into the diamond ownership chain. Being able to track and control such high-value assets has benefits for owners, the industry, and insurance companies.
Up Next in Blockchain
The U.S. Postal Service (USPS) is looking at blockchain technology as part of a system for establishing digital trust, newly published patent documents indicate. In 2016, a report from USPS suggested that the mail carrier could move to create its own cryptocurrency as well as use blockchain technology for supply chain applications, among other areas.
U.S. Postal Service Considers Blockchain Tech
Google is developing its own blockchain for third parties to post and verify transactions, in an effort to differentiate its cloud services from those of rivals Microsoft and Amazon. The cloud is a battleground right now, and tech giants are throwing all they have at it in order to win – AI will be a huge part of that, but blockchain tech could provide an edge.
Google Hopes Blockchain Will Help it Win the Cloud War
MIT Technology Review