Top 7 Blockchain Development Use Cases.pdf

Blockchain for enterprise builds trust and transparency. Every stakeholder can access the same verified data without disputes. It enhances your customer security and helps protect against fraud and technical breaches.

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Top 7 Blockchain Development Use Cases
solulab.com/top-blockchain-development-use-cases
You might have heard how startups build innovative platforms at low cost. Businesses are
now focusing on making their system smarter, faster, and more transparent to save
expenses. This is where blockchain technology plays a key role. Blockchain for
enterprises supports cutting suppliers’ onboarding time to ensure instant payouts. 
Mike Cagney, Co-founder of Figure, said, “Blockchain represents the democratization of
financial services, offering retail investors one of the largest allocations ever seen in an
IPO.”
Not only that, but businesses are enhancing it to ensure user data security, customer
trust, and regulatory compliance. With this automatic smart technology, enterprises saved
millions. Let’s get into some major use cases that can reshape your business.
Why Enterprises Need Blockchain Development?
Blockchain for enterprise builds trust and transparency. Every stakeholder can access the
same verified data without disputes. It enhances your customer security and helps protect
against fraud and technical breaches. Some convincing reasons to invest in blockchain
are:
1. Blockchain for digital identity streamlines verification. Users control their credentials
while reducing compliance delays.
2. Smart contracts automate processes. Enterprises save time, reduce errors, and
eliminate unnecessary intermediaries.

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3. Supply chain tracking improves accountability. Companies trace goods in real time,
ensuring authenticity and reducing counterfeits.
4. Blockchain reduces costs significantly. Enterprises cut transaction, auditing, and
reconciliation expenses.
5. Faster settlements boost efficiency. Payments, cross-border transfers, and vendor
payouts are complete in near real time.
6. Blockchain innovation ensures future readiness. Businesses stay competitive as
industries shift to Web3 and tokenization.
Now that you have a clear idea of how blockchain helps your business, let’s get to know
some case studies that took the businesses to new heights. 
1. Digital Contracts and Transactions Using Blockchain
In the following two case studies, the companies automated the contracts by leveraging
blockchain. By doing this, they not only saved time but also improved the efficiency and
reduced the manual delay. Let’s check each one in detail. 
Hitachi was managing contracts with around 2000 companies. Their traditional paper-
based system slowed down procurement and invited errors. To overcome this, Hitachi
adopted a blockchain-based paperless procurement system using Hyperledger Fabric.
This new system digitized contract approvals and document sharing with suppliers.
Blockchain ensured documents were tamper-proof and traceable. As a result, Hitachi
could handle at least one contract per company monthly with greater efficiency and less
risk of fraud. The blockchain for enterprise system helped reduce manual delays and
secured sensitive procurement data, saving both time and operational costs.

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Capital markets have begun leveraging blockchain for faster settlements and improved
access to capital. BlockTower Capital partnered with Centrifuge to modernize credit
securitization using blockchain. The move cut costs by 97% and improved transparency.
Blockchain applications enable near-instant trade settlement, removing the need for third-
party intermediaries. Traditional assets like stocks and bonds can be tokenized, allowing
fractional ownership. This increases liquidity and lowers capital entry barriers, saving
institutions millions in operational inefficiencies and errors.
2. Blockchain made Supplier Management and Compliance Easy
As countries introduce new rules and regulations to protect user details, businesses must
adapt to them. Let’s examine how companies manage these changes and how they
minimize the cost of updates.
Trust Your Supplier, developed in partnership with IBM, simplifies supplier onboarding and
verification using blockchain. Traditionally, verifying supplier credentials took weeks and
involved repetitive checks. Using blockchain, data is verified once by trusted sources like

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Dun & Bradstreet or EcoVadis.
Then, a digital “supplier passport” is created and shared securely across business
networks. This blockchain for business solution cut onboarding time by over 70% and
slashed data verification costs by 50%. Blockchain’s transparency also improved
regulatory compliance and risk management across global supply chains.
In global commerce, tracking a product’s origin and movement is crucial for safety and
ethics. Blockchain allows each supply chain participant to log verified data in real-time.
For example, Walmart and IBM’s Food Trust blockchain solution traces food items from
farm to shelf.
This ensures product freshness, reduces food waste, and speeds up recalls during
contamination events. Consumers and regulators gain access to reliable data on
sourcing, handling, and transit, all verifiable on the blockchain. Such blockchain
technology in financial services saves millions in quality control and fraud prevention.

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3. Trade Finance and Commerce Process Simplified
As blockchain technology grows, world trade is writing new chapters in the economy.
Here is how companies handle transactions without delay and errors, which reduces the
transactional costs. 
International trade often involves complex paperwork and delayed payments. To solve
this, Marco Polo Network introduced a blockchain platform for trade finance. It connects
buyers, sellers, and banks through a shared ledger, integrating with ERP systems. Smart
contracts ensure that payment is automatically released once delivery is confirmed. This
removed the need for letters of credit and reduced manual errors. It shortened settlement
time, reduced bank fees, and improved trust in global transactions.
Traditional letters of credit can take weeks and involve multiple layers of verification. For
the first time in 2016, Barclays PLC automated this using smart contracts programmed
with trade terms. Once conditions are met, payments are released without human
intervention. This automation reduces fraud risk and eliminates the need for constant
follow-ups. Enterprises using blockchain in trade finance report improved cash flow and
reduced transaction costs.

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4. Blockchain Enhanced ESG Tracking
With the green certification and carbon credits, companies are gaining external financial
support. Let’s see how this actually works. 
Renault must comply with over 6,000 safety and quality standards across its operations.
Tracking components from multiple suppliers was complex and error-prone. To solve this,
Renault and IBM built a blockchain-based compliance platform. This solution ensures
traceability of every part from suppliers to assembly lines. 
It helps meet internal and external compliance requirements without duplication. Renault
reduced non-compliance expenses by 50% and plans to expand blockchain use for
tracking carbon footprints and recycling efforts.
Blockchain also plays a role in clean energy and sustainability. Projects like the Brooklyn
Microgrid enable peer-to-peer energy trading without intermediaries. Participants sell
excess solar energy to neighbors through a blockchain ledger. This creates a transparent,

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local energy market and boosts renewable energy adoption. Blockchain also tracks
carbon emissions and green certifications, helping organizations meet ESG goals with
verified data.
5. Raw Material and Product Quality Verified Through Blockchain
Technology
Nowadays, industries use technology to reduce manual labor and reduce their costs. 
Ford aimed to ensure the ethical sourcing of cobalt used in electric vehicle batteries. They
partnered with IBM and RCS Global to build a blockchain tracking system. The system
recorded the cobalt’s journey from certified mines through logistics to factories. IoT
sensors and supplier declarations verified authenticity and compliance at each stage. This
gave Ford end-to-end visibility into its sourcing, reducing ESG risks and improving
transparency for stakeholders.

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After China’s 2008 milk scandal, parents were cautious about baby food safety. Nestlé
introduced NAN A2 infant formula with full blockchain traceability in China. Customers
scanned QR codes to view the product’s origin, ingredients, and packaging details. All
data was stored on a public blockchain, accessible via mobile apps. This move helped
Nestlé gain significant consumer trust and grow its market share in infant nutrition.
6. Insurance Claims and Fraud Reduced Rapidly
Blockchain technology in the insurance industry is improving customer satisfaction levels
without any delays. Here is how companies use smart contracts to gain users’ trust.
AXA tackled slow and frustrating flight delay claims with a product called Fizzy. It used
blockchain smart contracts and flight data oracles to detect delays automatically. If a flight
was delayed over two hours, a smart contract triggered an automatic payout. No
paperwork or claim filing was needed. This innovation improved customer satisfaction and
reduced administrative overhead for AXA.

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Etherisc created blockchain-based insurance for events like crop failure or flight delays in
Kenya. Smart contracts automated payouts when conditions were met using third-party
data. For instance, if weather data confirmed a drought, a payout was made instantly.
This reduced fraud, sped up claim settlements, and brought insurance access to
underserved communities.
7. Identity, Health, and Legal Records Secured
Blockchain is evolving into the next stage as industries use it in every application. From
private to government, everyone is adopting blockchain technology to make things easy.
Enterprises are also adopting it and innovating new ideologies to enhance their system
and reduce expenses.
OpenLaw uses blockchain to create smart legal agreements. Lawyers and clients use
templates with embedded code for execution. These smart contracts handle actions like
payments and asset transfers once triggered. This reduces manual revisions and offers
an auditable legal record on-chain. It saves time, lowers legal costs, and increases
contract reliability. This makes it one of the top blockchain applications and use cases in
business. 

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IPwe collaborated with IBM to build a blockchain-based IP marketplace. They tokenized
over 80% of the world’s patents for transparent tracking. Businesses now display, value,
and trade IP more efficiently. This unlocks investment opportunities and ensures fair
licensing practices.
Healthcare providers store patient data on blockchain for better security and access
control. The American Hospital Association also mentioned how Blockchain is changing
clinical operations. With this, patients decide who can access their records. Doctors’
credentials are also verified and stored on-chain. This reduces fraud and ensures
licensed professionals deliver care. Data integrity is preserved with a full audit trail.

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Public sector bodies now use blockchain to manage land records, identity documents,
and licenses. States like Illinois and Delaware have launched blockchain pilots. This
ensures tamper-proof public records and secure citizen data. Governments benefit from
higher transparency and reduced administrative costs.
Conclusion
As per the above case studies and use cases, blockchain proves its worth in the
technology world. If you are also thinking of adopting blockchain technology, then Solulab,
the top blockchain consulting company, is here to assist you. 
We at Solulab provide hands-on guidance, helping you design and implement large-scale
blockchain systems. Our blockchain consultants assist businesses in implementing this
innovative technology effectively. This makes you stay ahead of the competition. 
Contact us today for secure, reliable, and efficient blockchain adoption. 

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FAQs
1. How exactly does blockchain help companies save money?
Blockchain removes middlemen, automates contracts, and prevents fraud. It reduces
paperwork, human errors, and processing time, saving millions in administrative costs,
compliance issues, and delayed payments across global operations.
2. Is blockchain only useful for big companies like Hitachi or Ford?
Not at all. While large companies adopted it first, small and mid-sized businesses now
use blockchain for supply tracking, digital identity, or automated contracts, especially with
today’s easier-to-access blockchain platforms.
3. How can SoluLab help enterprises adopt blockchain solutions for procurement
and trade finance?
At SoluLab, we design secure, efficient blockchain solutions that help you reduce costs,
automate contracts, and boost trust across procurement and trade finance.
4. How does blockchain improve product safety for consumers?
It tracks every step in the supply chain, from farm to shelf. That means consumers can
scan a code and instantly see where, when, and how a product was made, with total
transparency.
5. Could I ever use blockchain to track my coffee beans or shoes? 
Yes, really! Some companies already let you trace your coffee or sneakers back to the
farm or factory. Blockchain lets everyday people see the full story behind what they buy.