Usages of InfoChain

InfoChain works as bridge, links different organizations/companies production and business activities, cooperation becomes easy and safe, new solutions with higher profits and efficiencies are possible.

InfoChain is able to be adapted to existing projects, or implement new projects surrounding InfoChain in all kinds of industries.

Please see the samples below.

Traditional medical cases management

Medical cases management with InfoChain

InfoChain in Healthcare

Currently, when a patient goes to a hospital for medical treatment, his medical records are recorded in the hospital's database. During this patient's life, he may have gone to different hospitals, and his medical records will be scattered and stored in multiple databases belonging to different hospitals.

The situation that medical cased stored in isolated databases may cause two problems:

1. It is difficult for doctors to access a patient's complete health history, which results in doctors diagnosing patients without sufficient and accurate information, which may affect the effectiveness of treatment and even harm the patient's health.

2. It is difficult for doctors to study similar cases in other hospitals and to draw experience and lessons from resources outside their own hospital.

To resolve upper mentioned problems,InfoChain platform is wealth to be considered.

The figure below shows a medical cases sharing system. In this system, doctors store patients cases into an InfoChain group blockchain storage. When a cases is created, it contains two records. One record is summary, open to public. The other is the case details, which are accessible only to the doctor and the patient himself or to the patient's relatives. When a patient sees another doctor, the other doctor can ask the patient to give him access to his medical records. When a doctor wishes to research certain case details, he or she can contact the doctor or patient involved in the case to request access.

InfoChain in Finance

Traditional audit system

InfoChain audit system

The work of auditors is tedious and boring. They need to work in different companies, organize different formats and types of financial data, records, and statements into a unified audit report, and discover possible financial problems in the process. During the process of transcribing and copying data, data leakage and copying errors may occur. Moreover, it is expensive to hire an auditor to conduct an audit, and the audit work itself may affect the normal business activities of the audited object. It is also not easy for regulatory authorities to access the original financial data of each company. If the auditors themselves commit fraud, it will be very difficult to detect it. In short, traditional audit work is inefficient, time and labor costs are high, and the probability of audit loopholes is high.

InfoChain can help improve this situation.

Companies are required to transform existing financial data storage systems to upload financial data to the InfoChain group's blockchain storage in real time or in batches in a specified format, and to grant access rights to auditors and regulators. The transformation work may cost a lot, but companies can get greater benefits: First, because auditors do not have to enter the company and do not need to conduct initial data collection, audit costs can be reduced; secondly, there is a gap between regulators and companies. Communication channels make the exchange of information smoother; in addition, the accuracy of each company's financial data is endorsed by blockchain technology and implicitly endorsed by auditing companies and regulatory authorities, which is helpful to increase the company's credibility.

For auditors, compare the working methods of directly auditing each company, calling each company's financial data from the blockchain storage of the InfoChain group, auditing and generating reports. By avoiding tedious and error-prone data copying, auditors can focus on the audit work itself, which improves work efficiency and improves the flexibility of work arrangements.

For supervisors, communication with auditors and various companies is more direct and smooth. They can also review the accuracy of audit reports based on original financial data, and avoid the trouble of creating separate files and storage for audit reports.

The following is a schematic diagram of using InfoChain for financial auditing.

Every year, auditors need to visit different companies, review the financial data of these companies, prepare audit statements, and report to regulatory authorities. The regulatory authorities give opinions based on the audit reports and provide feedback to these companies.

The figure below is a schematic diagram of the traditional audit workflow.

InfoChain in Logistics

Traditional logistics cycle

InfoChain logistics cycle

In the traditional logistics system, if customers want to know the status of the package, they need to track it along the transportation path of the package. Of course, there are some large e-commerce companies that have the ability to track the status of packages on behalf of customers, but this also turns customers' troubles into troubles for e-commerce companies, raises e-commerce service costs, and intensifies industry monopoly. If an accident occurs during transportation and warehousing, and a package is lost or damaged, disputes and misjudgments are likely to occur during the liability determination process due to possible mismatches in independent system records or even human tampering.

The introduction of InfoChain can largely avoid the above problems.

All nodes in the logistics link join the same InfoChain group. When a merchant sends a package, a package record is added to the InfoChain, and the customer and the courier company that transports the package are given access to the record. In the future, each logistics node will modify the package record after the package arrives and is sent out, add the package arrival time, delivery time, handler, name of the next node, address and other information related to this node, and assign it to the next node record. access rights. In this way, the package status information has a unique record that is endorsed by multiple parties and updated in real time, avoiding problems that may arise due to inconsistent records. Customers can also track the status of their packages at any time. E-commerce merchants also do not need to maintain tracking package information, reducing costs and industry barriers.

The figure below is a schematic diagram of a logistics system using InfoChain.

In the traditional logistics system, each node, including shipping merchants, express companies, warehouses, shipping companies, etc., has its own independent system to record the arrival time, departure time, handler, status, and next delivery of the packages in the logistics. node address, transportation or warehousing costs, etc.

The figure below is a schematic diagram of a traditional logistics system.

Usage sample: a website uses InfoChain as data storage

There is a website SafeContract.live, which is designed to store information between companies or organizations, such as contracts, licenses, verification documents, etc. An ideal information storage strategy should be:

Data storage is independent of any company or organization and is jointly owned and managed by all participants

Each participant holds a copy of the data, which is synchronized with other participants in real time

When any company or organization inserts or updates information, it should accept the supervision and verification of others

Stored information is undeniable and traceable

The InfoChain platform perfectly meets all the above requirements. After all, it is the goal of InfoChain to realize decentralized trusted data storage.

So SafeContract.live's administrators installed an InfoChain node in GCP, another node in Huawei cloud, and configured the GCP node as a leader node. He named this storage private network SafeContract and configured the node network named SFNode1 for GCP node and the node network named SFNode2 for Huawei node, to handle SafeContract.live requests. He deploys ChainRequest.php in his web server, runs the Deliver application in the same server, and sets the connection node as SFNode1. Any participant can join the SafeContract InfoChain group to synchronize the information uploaded by SafeContract.live. In SafeContract InfoChain, participants can also define their own node network and implement their own data modification. Of course, if a participant wants to modify data, he must ensure that his actions are based on the principles of the SafeContract group, because all records are traceable.

The SafeContract.live website is a public website, but the data stored in the InfoChain SafeContract group does not have to be available to the public. Data access within the InfoChain group can be shared in a small area, just like the internal websites of some companies, which can be accessed by its employees on the intranet; the difference is that the hosts on the intranet are limited in a smaller geographical area, while InfoChain nodes have no geographical restrictions.

Please refer to the video below to introduce how SafeContract.live works with the InfoChain platform