It's #CryptoWeek in the House! As one of the most groundbreaking weeks in #crypto policy history unfolds, we wanted to take a step back to showcase real-world uses for this technology. Let's dive into the innovation Congress is working to regulate:
60,000+ South Africans do 90% of the country's recycling but remain invisible to the economy. @CocaCola_ZA partnered with @BanQuInc to use blockchain to give 8,800+ collectors digital proof of their work. This is what happens when you see the people powering change.
On the fashion front, @LouisVuitton utilizes blockchain technology for its LV Diamond Certificate, ensuring authenticity and ethical sourcing. Meanwhile, @Nike racks up over $185 million in NFT sales, turning sneakers into digital collectibles.
Almost a decade ago, @Walmart joined forces with @IBM and others to bring blockchain to the food supply chain. Before blockchain, tracing the source of sliced mangoes took Walmart 5+ days. With blockchain, that trace takes 2.2 seconds, elevating food safety and transparency.
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