CXO Insight Middle East - May 2021

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Blockchain is one of the most talkedabout technologies today. Many blockchain PoCs are expected to move into production this year, and Gartner says CIOs must embrace this distributed ledger technology to explore strategic business opportunities. Blockchain is a disruptive technology and it is important for CIOs to understand how it works and its impact on their organisations’ business models. Although blockchain is still in a nascent stage, the technology is rapidly evolving with many use cases across verticals. For example, in the supply chain industry, blockchain is being used for product tracking and tracing. Some governments are already using this technology in elections to prevent fraud, and it has many applications and uses in healthcare as well. The industry is leveraging blockchain-enabled technologies for tracking and monitoring Covid-19 vaccines. A couple of months ago, Abu Dhabi Ports launched a blockchain-based system to ensure the efficient distribution of Covid-19 vaccines.