Fraud-Resistant Recordkeeping for Banking & Digital Asset Custody

Counterfeit goods and fraudulent documentation cost industries like pharmaceuticals and luxury goods billions annually. Blockchain provides end-to-end provenance.

• Case Study: Walmart uses IBM Food Trust to track produce from farm to store, reducing traceability investigations from 7 days to 2.2 seconds.
• ROI Impact: This directly reduces liability, brand damage, and recall costs while enabling premium pricing for verified authenticity.

Protecting patents, copyrights, and digital assets requires irrefutable proof of creation and ownership. Time-stamping creations on a public ledger provides a cryptographic certificate of existence.

• Practical Application: Musicians and artists use platforms like Verisart to create permanent, verifiable certificates of authenticity for digital artwork (NFTs) and physical goods.
• Business Value: Creates new revenue streams, strengthens legal standing, and deters IP theft.

The Pain Point: Counterfeit goods and opaque supply chains cost industries billions annually, while manual audits are slow and prone to error.

The Blockchain Fix: Immutable, shared ledgers create a single source of truth for product journeys. Each transfer of custody is cryptographically sealed, enabling:

• Instant verification of authenticity for luxury goods, pharmaceuticals, and electronics.
• Automated compliance with regulations like the U.S. Drug Supply Chain Security Act (DSCSA).
• Drastically reduced reconciliation time and costs for multi-party logistics.

Real Example: Walmart uses IBM Food Trust to trace mangoes from farm to store in seconds, a process that previously took 7 days.

The Pain Point: Financial institutions and large corporations spend significant resources manually reconciling transactions across internal ledgers, partner systems, and banks, leading to delays and errors.

The Blockchain Fix: A shared, permissioned ledger acts as a single golden record for transactions. This enables:

• Real-time settlement and visibility, eliminating the traditional 1-3 day lag.
• Automated smart contracts to enforce business logic, reducing operational overhead.
• Near-zero reconciliation costs as all parties work from an identical, immutable dataset.

Real Example: J.P. Morgan's Onyx network processes billions in daily transactions, providing intraday repo settlements that cut counterparty risk and operational costs.

The Pain Point: Patient records are siloed, prone to errors, and vulnerable to tampering. Data integrity issues can lead to misdiagnosis, insurance fraud, and compliance failures (HIPAA).

The Blockchain Fix: A patient-centric ledger creates a secure, immutable log of all medical events. This ensures:

• Provenance of clinical trial data, critical for FDA submissions.
• Secure sharing of patient records across providers with full auditability.
• Reduced administrative fraud by immutably tracking prescriptions and insurance claims.

Real Example: Companies like Chronicled use blockchain to create compliant, automated networks for tracking pharmaceutical shipments and clinical supply chains.