The Blockchain Community in India has changed and is still changing the aspects of different industries and businesses. With Blockchain and AI, the working dynamics have changed positively with slow and steady growth. The businesses and industries BCI owns are Education, finance and IT, healthcare, hospitality, and supply chain.
Below are each industry and how BCI is performing on it.
Blockchain and AI uses in Education:
Overall responsiveness of organization and offices could be improved by using AI invigorated systems inexplicably to improve the capability of various schools and associations, reduce their record-keeping up costs and give them more significant detectable quality into pay and expenses. Any kid can access study rooms which are worldwide available easily by man-made brain power structures. It won't simply make a strong learning measure yet besides all engage the significant work that goes around in the organization.
Blockchain and AI use in Banking/Finance Segment:
The financial sector is one of the sectors where blockchain and AI are widely used, but mostly in large organizations. Therefore, BCI is focused on introducing blockchain and AI in small sectors such as microfinance and fair transmission. One of their flagship projects is BitKart - BitKart is one of the safest and most covert projects designed to buy or sell your digital currency. Especially for the Indian People's Group. You can easily convert USD to INR. This application is consistent and informal to use. It enables secure distributed exchange in a user-friendly environment. Buying and selling fiat currency is rarely natural, quick, and rewarding. Another important project is the UPI application, which is not only developed for online protection but also allows offline payments. Another project that BCI is proud of is the NIDHI project, which is designed to borrow and lend money. Finally, BCI uses microfinance technology, and while these technologies and systems are expensive, BCI is working with companies to make the technology accessible to all.
Blockchain and AI in IT and E-commerce:
Ecommerce portals are one of the fastest-growing businesses of this era. People are ready to buy vegetables, clothes, groceries, books, and anything in the world via e-commerce. The introduction of Blockchain in these websites will make many systems more efficient. For example, Blockchain will provide logistics systems that will be very difficult to integrate,consumers and sellers will be able to track product details like shipping, etc. Secondly, it will create a completely transparent system, and as a result, the consumer will be able to verify the details of the sellers and authenticate themselves. They can find out whether the factory is legitimate or not and then make the purchasing decision. Finally, AI also provides customer feedback systems and complaints systems that take place through automated response systems.
Blockchain and AI in Healthcare:
Healthcare is one area that includes tons of data either as a small hospital or hospital data of critically ill patients and as medical information- the need for more advanced information protection. This blockchain will bring better management information to the hospital system which will allow for better screening for different partners including medical insurance. It will also get better specialist medical examiners looking for patients to provide different medical treatments. Another important project in which BCI works is the Radiology Artificial Intelligence Lab which deals with a wide range of problems in the field of data science. Our goal is to develop devices that teach image-based techniques to help make clinical decisions, avoid medical procedures, and ultimately improve a patient's health.
Blockchain and AI in the Hospitality Sector:
Blockchain records negotiations between the two parties in a secure and trackable way. This should be very useful in the hospitality and travel industry because of the many events between the parties in the online hotel industry. Drawing and checking is one area where blockchain can be used. A second customer loyalty program hosting service is now used by many select hotels but it is often not used by customers and blockchain will change that part. As well as the last Inclusion of data and paid companies and on-premises travel agencies have improved significantly and broadly. Adoption of blockchain, the protection is set to improve folding.
Blockchain and AI in Supply chain:
Blockchain is one of the key new technologies changing digital supply chain management. As the complexity of the supply of goods in nature increases, including the number of partners, and is largely dependent on other external partners as well, blockchain has emerged as a robust and stable means for the management of all information/documents/communication changes are taking place within the ecosystem. While there are still issues using blockchain, many successful efforts indicate that managers can see significant benefits from blockchain, ranging from cost-saving and increasing efficiencies to new modeling operations. To learn more about these projects, you can visit the website and contact the Blockchain Community India team.
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