BLOCKCHAIN IN 5G
C. Mageshkumar, J. Rajeshkumar, L. Godlin Atlas, P. Hamsagayathri · 2020
5G is the enabler for all technologies to maximize their impact. The incredible speed of 5G will assist devices in communicating in almost real-time, embedded with Connected Intelligence. Data explosion in the digital space has thrown open an opportunity where rich insights can solve big problems. It can help massively transform businesses and deliver rich, meaningful and immersive experiences to their customers. With the data economy in full play, work and life will be fundamentally changed. New applications like autonomous vehicles, telemedicine, and precision manufacturing robots will finally have the bandwidth to meet their true potential and, as a result, businesses will run more efficiently. Workers will spend less time on operations and more time focusing on ways to innovate and grow the business. Those who prepare well to understand 5G technologies will greatly benefit by delivering unique experiences to their end customers, which will disrupt the marketplace and create strategic differentiation for their businesses. Blockchain has the power to solve many of the world's most pressing problems. In its most basic form, the blockchain is a decentralized ledger that is immutable and provides its users with a faster and safer way to verify key information and establish trust. Blockchain has the ability to change the way we buy and sell, interact with others and verify everything from voting, to property records, to even where our vegetables come from. It allows us to simplify processes, reduce costs, and hold businesses and each other accountable. Because of its enormous potential, we expect that Blockchain will be the operating system of the future. Much of the excitement about blockchain is about removing intermediaries and streamlining data management processes. Blockchain can enable a transformation of business to predict the modern day supply chain. Supply chains are fragmented and extremely fragile on account of the multiple parties that are involved. Blockchain makes supply chains trustful and trackable.