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Blockchain uses

Started by Admin, Aug 08, 2023, 04:26 PM

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Topic keywords [SEO] Forexblockchaintechnology

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Despite the fact that the interest in blockchain technology is more related to finance, the scope of distributed registry technology is not limited to it. Blockchain has already ceased to be something new and separated from real spheres of application - this technology is integrated more and more into everyday life solving problems more effectively. In this article, we will consider blockchain uses in various areas.


Blockchain in economic sphere


Undoubtedly, the biggest interest in blockage is manifested by economic organizations because this technology allows us to take a fresh look at classical financial institutions and make their work more open and reliable. The large Japanese company Fujitsu has already begun carrying out remittances and it uses blockchain technology cooperating with the three largest banks of the country.

Reality Shares have developed an index for monitoring the growth and development of companies that are implementing in cooperation with the NASDAQ exchange. And this company is planning to create its own investment fund using the new index.

Even in such an economical sector as power engineering, which is seemingly far from digital technologies, has found a way for blockchain application. Decentralized databases are used to record the generated and realized energy resources. LO3 Energy and Energy Blockchain Labs are vivid examples of this segment.

Nowadays, the gambling business also has also been interested in the technology. There are a few interesting representatives in this segment:
  • Etheria is a whole virtual world where players try to take over parts of the playing field and survive in a war over the territory. The game is also built on the basis of the Etherium.
  • First Blood is a platform that allows players to challenge each other, organize various e-sports competitions, etc. This project involves the spectators giving them the opportunity to cast their votes for the participants they liked. The system uses smart contracts, its own cryptocurrency and oracles.


Blockchain in political sphere


Many countries have long begun to use the functions of the blockchain with DLT technology for more effective implementation of e-government systems. For example, England, Russia, India, the United Arab Emirates and Sweden have already begun to introduce services for land registration and real estate registration. And there is a full-fledged mechanism for applying for a residence permit in Estonia.


Blockchain in social sphere


The need to provide a huge stack of documents with the signature of a notary or a lawyer to perform any transactions is already taking a back seat because now there is a more convenient identification method - a platform on blockchain. A coulple of them, which are worth noting:
  • Civic is a service that allows you to register, store, modify and grant access to your personal data. The fact that the platform uses blockchain guarantees the safety of your data and also excludes the possibility of unauthorized use.
  • UniquID Wallet is a decentralized application where you can store not only personal information but also your own biometric parameters - fingerprints, retina, etc.

Thus, a number of fields use blockchain:
  • Delivery services (Everledger, Provenance and Ascribe, etc.)
  • Social networks (Diaspora *, DECENT, AKASHA, Datt, Synereo, etc.)
  • Real estate (UBITQUITY, Silvertown, etc.)
  • Ccharity and social assistance (Alice, Helperbit, Start Network, etc.)
  • Employment (Appii, Verbatm, Satoshi Talent, Coinality, etc.)

The use of blockchain has an immense field for experiments and familiarization with the real segments of professional activity. This technology can be used in almost any industry, which explains its wide distribution.