The creation of technology blocks teaches a lot of people's interest. In 2008, someone called Satoshi Nakamoto an invented block. The original block was Bitcoin. Or maybe Satoshi used Bitcoin as a tool to put the block in the mass. Irrespective of the fact that people have implemented block technology, they can be used for various purposes, such as identity checks and medical records.
1. Payment
The transfer of money was the first and most popular use of blockage technology. For more than 40 years, economists have been looking for the holy drawing of the digital currency, which can eliminate the problem of double decomposition and circumvent the question of the need to trust an unknown third party. And then Satoshi's white paper was published in October 2008 and removed the banks from the equation, just like. Determining the problem of sizeability with banks remote from transactions, most payments processed through blocks can be resolved within a few seconds.
2. Voting
Fraud was a permanent theme in democratic, not democratic, countries. Blockchain technology can easily bring all political debates. The digital vote through the block can offer sufficient transparency that everyone can see if something has changed online. It combines the simplicity of digital voting with the safety of the block to make your voice truly count.
3. Supply chain monitoring
Are you one of those people who should know where their food came from? Is that organic, corny, haleal? Is there a food disease you need to know immediately? With a blockage, you can trace your food from your origin to your plate. It can help you make an ethical, healthy choice of what you buy.
The blocchen can also help consumers to see products that have been produced in terms of quality control, as they travelled from their place of origin to a retailer. In addition, this can help enterprises to quickly determine their inefficiencies in supply chains. The blocchin removes the paper trails and finds objects in real time.
4. Verification of identity
It's an era where people are stuck between their digital identity and their actual physical presence. Credit agencies and social networks, such as Facebook and Instagram, act as the main gateway for online identity. However, consumers seek a reliable digital identity system to maintain credit records and prove who they are employers, banks or car-producing companies, without allowing private corporations to earn money from selling their data.
To overcome this challenge, many companies are already using block technology and creating a safe digital identification system that will enable users to control their digital identity. Some examples include the Microsoft annex and the Smart Identity Deloitte system.
5. Right to property
You can get into legal trouble so many ways. Family disputes. Lost legal documentation. Lost assets that are not easily tracked. Most people ' s assets are currently documented on paper. It's hard to work to keep the paper, and all the intermediaries are attached to it, from the way. So if you buy or sell land, house or car, the block can keep titles on its network, allowing for a transparent view of this transfer and legitimate property.
Besides, if your high level, portable assets, such as bicycles, skis, luxury bags, and so on, stolen, you can track them back with the help of companies that are working on providing such blockage services.
6. Health
One major problem with medical records was a paper record, which the medical sector has tried to move away for many years. Another question was the theft of medical identity.
The blocchen comes to rescue. All medical information related to the patient - for example, past and current disorders, medical treatment and family history of medical problems - will be stored on the cell block. This approach will make every recording permanent, transportable and accessible, thus preventing medical records from loss or change. In addition, a patient who has the key to accessing these digital records will control who gets access to these data.
7. Entertainment
Many entertainment branches can benefit from block technology if they have not already started.
The Internet was democratized for content in the early 2000s, but a new type of intermediary appeared in digital content. Platforms such as YouTube (1.5 billion users), SoundCloud (175 million), Spotify (140 million), and Netflix (about 110 million) now intermediaries in the control of users and artists.
This amount of control has caused a ton of disputes over the compensation of artists. As artists grow more exclusively with such platforms, block technology can be an exciting new option.
Blockchin can give label companies the opportunity to fully encrypt property records. When applying to media consumption, technology can address issues related to access to content, distribution, compensation, asset management and digital rights, among others.
8. Energy
Using blocks, people can trade energy between themselves, cut off energy companies (yes, mediator). This change [for the distribution of energy] will stimulate more renewable energy projects in general, eventually redirecting our transition from carbon power generation. Renewable energy technology allows wind, solar and hydro-producers to engage freely with investors who are willing to pay advances for renewable energy consumption. An intermediary is removed as a distributed system.
9. Internet (IoT)
The Internet of things (IoT) is mainly the fact that most of your things are connected to the Internet. For example, we control almost everything in our house, from the covert lights to the air conditioner to the microwave furnace and even the baby bed through the Internet!
In addition, as a counterpart, the Internet helps you send and receive data on your physical devices. If you can directly integrate your physical world into computer systems, you can reduce humans and improve your efficiency. Put it next to the block, and you can take the true next step in the future.