The rise of open-source software in 2020, amidst a global pandemic, can be attributed to the sudden spike in demand for the faster development of software programmes and applications. In March 2020, GitHub noticed a major uptick in open-source projects. Many streaming websites even cut back on bandwidth consumption by reducing video streaming quality and download speeds. This is where open-source software comes in. With proprietary software being more costly in terms of speed of deployment, more enterprises turned to open-source software. Integrating open-source code accelerates software development. It makes information more democratised and thus allows a technically diverse group to develop applications rapidly. Many developers usually back open-source software, thus finding solutions to software problems and creating new applications much more straightforward.
According to experts, digital ledgers can be used in property deed transfers, tax collection, voting procedures, and social benefits distribution. They also stated that distributed ledger technology could be used for processing and executing legal documents and other types of exchanges.
It is also believed that individuals can use distributed ledger technology to hold and control personal information and selectively share pieces of those records when needed.
Furthermore, digital ledgers can help individuals and organizations to better track intellectual property rights and ownership for commodities, art, film, music, and so on.
A blockchain-enabled platform’s advantages go beyond real-time tracking of the shipment, lower operational cost, increased efficiency, quick customer redressal, reduced paperwork, holistic data analysis.
The interest in data intelligence has fostered supply chain connectivity, with several consortiums created within maritime networks — notably bound by blockchain technology. It can, therefore, make it much easier for different carriers or shippers to share sensitive data.