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nothead@lemmy.world ⁨7⁩ ⁨months⁩ ago

I can’t find the case study, but this blockchain project by IBM was implemented in Singapore and was shown to reduce customs processing times from several weeks to just several hours.

The general idea was that with a successful blockchain implementation, the Singapore government was able to expedite parts of their customs process which normally require intensive human labor, and the use of smart contracts removed the need for having documents sent and resent when all parties had access to the smart contract directly.

There are specific use cases where it can benefit existing processes, but people just think blockchain = crypto.

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