After the success of cryptocurrencies it is no wonder that blockchain is being implemented in more sectors of our lives. However, all we know about blockchain is from the perspective of the developers or crypto experts. When it comes to common man, then they don’t have much idea about it and how it can influence their lives. These days blockchain solutions can be found everywhere from healthcare to media and are something that the whole world starts to depend on. Let’s find out how blockchain can make your life better.
Financial services
Starting up with finances. Banks around the globe strive to upgrade their security, making wallets for holding and tracking balances in different currencies, using to manage bank guarantees or just for more secure transactions and fraud combating measures. Solutions for banks are not everything thou, shipping and transport consortium revealed plans on making a new -based system for streamlining marine insurances. Smart contracts using multiple virtual machines, novel hybrid Proof-of-Work and Proof-of-Stake and new Oracle system for integration of real-world data to the as well whole markets for the of derivatives and financial instruments are functioning now, bringing managing of finances to whole another level.
Cybersecurity
Born in Estonia, a unique solution for securing personal information on patients health records by using a “keyless” signature system is gaining the interest of other companies such as Verizon for its safeguarding abilities. Also, we can hear about alternative public key infrastructure, which aims to replace login and passwords with SSL certificates in order to increase security.
Healthcare
New ideas for health-related systems are in the making. Storing patients records as well as tracking their recovery progress after leaving the hospital should be possible in the near future. More so, the Centre for Disease control is funding a startup to put outbreak data onto the to increase the effectiveness of disaster relief and response, making our lives even safer.
Manufacturing
The main focus in the industrial world seems to be securing of supply chains as well as anti-counterfeit measures, with initial use cases in the diamond, pharmaceutics, and luxury goods market. Great weight is also being put on prototyping, by creating frameworks for collaborating on a proof-of-concept. And energy cost reductions, allowing members to produce and energy, as well as new cloud storage which allows users to share hard drive space.
Government
Dubai, which strives to be the first -powered state, as well as the United States, Estonia, United Kingdom, South Korea, and many other countries are investing huge sums in the . The unique nature of enables them to data on-chain making it transparent and secure. Those countries are trying to adapt into everyday works of government such as securing public records, creating transparent voting systems, improving public security and transport applications.
Media
Intellectual Property has been a hot topic lately, changing of copyright laws in Europe pushes developers into making -base tracking systems for intellectual property. Those solutions will allow photographs as well as music creators to keep track of their payments and royalties as well as creating a record of ownership of their work.
Charity
Save The Children, The Water Project and Medic Mobile are just three of charities working on making charity donations more transparent and safer for the comfort of all donators. makes it easier to share and digital data, and may also be used to ensure that important documents or contracts cannot be modified without the approval of all involved members. More so, the nature of makes it uniquely suitable for international transactions.
Transport
Leasing a car can be complicated and frustrating, that is why IBM Solutions has said it will go public with a number of non-finance related initiatives with partners all over the globe, to improve the efficiency of the vehicle leasing industry. For those who don’t have a car, there’s always a number of applications that aim to beat Uber, moving ride sharing and car hiring onto the . The same goes for solution which synchronizes empty seats with passengers in need of a lift. It seems that in the near future we will be able to get everywhere faster and cheaper.
Real Estate and Tourism
No mater buying a house or renting a flat, paperwork that comes with it could drown anyone. That’s why new apartment tracking systems are in development. Showing empty flats, minimizing the number of documents that come with rent and securing the deal, all more efficient than ever. If you are looking for a house to settle in or a flat for vacation this is the option for you.
Retail
In the Retail sector, we can see a great shift toward , new ideas for personal such as OpenBazaar which allows of goods and services without a middleman, or Loyyal, universal loyalty framework aiming to allow its users combining and of loyalty rewards. In the near future, we can even see things like gift cards or loyalty scheme.
Published at Fri, 03 May 2019 04:42:57 +0000
