Mitsubishi Launches ML Chain System

T

he ML Chain blockchain system created by Mitsubishi will help to expedite the transport of drugs. With this technology, clients can view information such as the temperature of shipments or when they change hands.

The motors company has discovered that blockchain technology can help send tamper-proof data globally and has chosen to use it. Their new distributed ledger foreshadows more applications of blockchain technology in the future.

In the future, Mitsubishi Logistics also wants to broaden ML Chain to include shipments across international borders and delivery from wholesalers to pharmacies and hospitals. The company views the platform as a way to prevent fake medications and help with quality control and inventory management.

The Mitsubishi group firm will also consider using ML Chain to help create new, secure channels that distribute directly to consumers. It can use data gathered from the platform to make improvements throughout its supply chain.

Mike

An editor at Coincrop

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Mike is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely putting his latest car project back together.