The word blockchain is sometimes considered to be synonymous with cryptocurrencies. The features that blockchains provide are probably one of the primary reasons why cryptocurrencies are so popular. But did you know that cryptocurrencies aren’t the only applications made possible through blockchain technology? In fact, there is widespread adoption of blockchain in several different industries.
The following article will cover some of the most popular blockchain applications, beyond just cryptocurrencies.
We’ll cover the following topics:
What is blockchain?
Blockchain Applications
Blockchain in supply chain management
Blockchain in cybersecurity
Blockchain in voting
Blockchain in financial services
Blockchain in the loyalty referral program
Blockchain in music
Blockchain in weapon tracking
Now, before we go into some blockchain applications, let’s have a look at what exactly blockchain is.
What is Blockchain?
Blockchain is a list of records or “blocks” that stores data publicly and in chronological order. The data—the records within these blocks—are secured using cryptography and don’t have a central authority controlling them. Everyone within the network has access to these blocks and has copies of it; but once something is recorded into the blockchain, the data cannot be altered. Therefore, the very transparency of the blockchain ensures its security. While some argue that the technology is still in a hype cycle, other research indicates that Blockchain is starting to take off in businesses. According to IDC, corporate and government spending on Blockchain technology is expected to jump 89% percent over 2018 numbers, hitting almost $3 billion in 2019. This number is estimated to reach more than $12 billion by 2022, which means there will be plenty of demand for blockchain experts. Let’s look a how blockchain is already showing up in a few industries.
So, now that you know what a blockchain is, let’s go into some blockchain applications. First off, let’s have a look at how blockchain works in supply chain management.
Offer Expires In
00 :
HRS
45 :
MIN
26
SEC
Blockchain Interview Guide
The Perfect Guide to Help You Ace Your InterviewDOWNLOAD NOWBlockchain Interview Guide
Blockchain Applications
1. Blockchain in Supply Chain Management
Imagine you’ve ordered some apples from an online shop. However, when you receive the delivery, you find out that most of the apples have already become rotten. Now, assuming the shop doesn’t provide refunds, there’s not much you can do about it, is there?
But what if there was a way that this whole thing could have been avoided?
Such problems can be avoided with blockchain technology, as it facilitates traceability across the entire supply chain. Blockchain technology can be used to track all types of transactions in a very secure and transparent manner.
These benefits include:
blockchain-benefits
Let’s have a look at an example of supply chain management:
farm-storage
In supply chain management, blockchain provides permanent record-keeping, transparency, and validation of transactions shared by multiple supply chain partners. With this, anyone can verify the authenticity or status of the product being delivered.
Now, let’s have a look at a real-life example of this blockchain application:
walmart
Walmart is building a blockchain distributed ledger in order to connect and track pork suppliers, shippers, purchasers, and others involved in delivering the food product around China. Here, blockchain reduces the risk of data tampering or inaccuracy.
2. Blockchain in Cyber Security
Imagine person A is sending 20 dollars to B. Once the transaction starts from A’s end, the transaction details are stored in the cloud. Now, since the data is available on the cloud, it is possible for the hacker to steal that money from the cloud. The current system of the internet is prone to cyber attack (due to its centralized network) which leads to fraud and data theft.
How would things be different with blockchain?
Here are some cybersecurity advantages of adopting blockchain:
cybersecurity advantages
Let’s have a look at how this same transaction would be performed using blockchain.
Again, A is sending 0.0025 bitcoin, or BTC (approximately equivalent to 20 dollars) to B. This time, the transaction is recorded into a blockchain. Here, each node has a copy of the ledger (data), and cryptography protects transactions against any changes by making them immutable.
Now, were a hacker trying to hack in the blockchain, his efforts would be in vain. Using blockchain, it’s easy to prevent malicious attacks due to the peer-to-peer connections where data cannot be altered or tampered.
Let’s have a look at a real-life application of this blockchain application. Mastercard is using blockchain for sending and receiving money. Also, it allows exchanging the currency without the need for a central authority.
Now, let’s have a look at the next blockchain application: voting.
Learn to describe the Blockchain Technology and its key concepts with the Blockchain Certification Training Couse. Enroll now!
3. Blockchain in Voting
Now let’s have a look at the current voting process. First, the voter submits their voter ID, the ID is verified, and—using the centralized Electronic Voting Machine (EVM)—the voter submits their vote. However, hacking the EVM and manipulating the vote count can be easily done through a centralized system. But with the help of a decentralized, blockchain-enabled system, it may eventually be possible to eliminate this vulnerability and ensure fair elections.
Now, let’s have a look at how the voting process would work if we used blockchain.
First, the voter downloads a voting application, such as MiVote. Then, the user submits their voter ID to register for the election. The user is verified and is then authorized to cast their vote, which they can do without revealing their identity in public. Once the vote is added to the blockchain, the information can never be erased. Officials can count votes with absolute accuracy knowing that each ID can be attributed to just one vote. Moreover, using blockchain, voters are also able to track their votes.
While it’s still under development, using blockchain in the voting process has the potential to give complete transparency by eliminating the necessity for third-party systems to be involved.
Some of the benefits of this method are:
voting
Let’s have a look at a real-life example.
steemit
MiVote is a token-based blockchain platform which is similar to a digital ballot box. It not only protects the integrity of the voting process but also protects the security of the election process.
Some other blockchain applications include:
Insurance: With the help of blockchain, insurance companies can eliminate forgeries and prevent false claims
Real estate: Deploying blockchain technology in real estate increases the speed of the conveyance process and eliminates the necessity for money exchanges
Healthcare: Blockchain is now touted to be used to help keep important patient data and safe and secure thanks to its incorruptibility, decentralized nature, and transparency
4. Blockchain in Financial Services
Many financial services firms are using Blockchain to improve back-office settlement systems, increase efficiency, and reduce costs. Banks like UBS have plans to use tokens for cross-border trades. While the Chamber of Digital Commerce was established to educate and advocate for Blockchain technology in the financial services industry and beyond. The chamber's initiatives include the Blockchain Alliance, which aims to use it to combat criminal activity. And, the Blockchain Intellectual Property Council, which helps to balance identification transparency with protecting proprietary data.
Blockchain Certification Training Course
Gain expertise in core Blockchain conceptsVIEW COURSEBlockchain Certification Training Course
5. Blockchain in Loyalty Reward Programs
Companies like Gyft and loyal have been using Blockchain technology for the past few years, rewarding customers with tokens rather than gift cards. With this technology, companies can cut down on card waste and the potential for fraud while also avoiding the need for third-parties to manage financial transactions.
6. Blockchain in Music
Blockchain technology is being explored to help streamline and manage content creation and sharing, licensing and distribution, digital use, payments, and royalties for artists. Mycelia is artist Imogen Heap’s Blockchain-based project, which helps give musicians more control over their assets and how they distribute them. Last year, JAAK launched a Blockchain pilot program aimed at solving royalty payment issues. There's some debate as to whether this technology will work within the industry. Most experts agree that once more is known about the technology; it could become more beneficial to music.
7. Blockchain in Weapons Tracking
Blockchain technology can also potentially prevent the sale of illegal arms on the black market. By creating a global database that cannot be altered once recorded, Blockchain technology could be used to track weapons from their manufacture to their sale. The database could primarily record every transaction and purchase.
Some other blockchain applications include:
Insurance: With the help of blockchain, insurance companies can eliminate forgeries and prevent false claims
Real estate: Deploying blockchain technology in real estate increases the speed of the conveyance process and eliminates the necessity for money exchanges
Healthcare: Blockchain is now touted to be used to help keep important patient data and safe and secure thanks to its incorruptibility, decentralized nature, and transparency
monero кран оплата bitcoin bitcoin count bitcoin registration future bitcoin lamborghini bitcoin bitcoin динамика bitcoin пул 3 bitcoin сайт ethereum bitcoin crash bitcoin sha256 analysis bitcoin bitcoin стоимость новые bitcoin bitcoin прогнозы wallet cryptocurrency bitcoin microsoft usb bitcoin зарабатываем bitcoin расчет bitcoin bestexchange bitcoin bitcoin live cryptocurrency calendar wallets cryptocurrency THE HIDDEN RISKS OF A TRADITIONAL INVESTMENT PORTFOLIOethereum видеокарты банкомат bitcoin google bitcoin habrahabr bitcoin atm bitcoin bitcoin форум reklama bitcoin криптовалюта tether
bitcoin bow
cc bitcoin mindgate bitcoin bitcoin euro mastercard bitcoin bitcoin euro mempool bitcoin скрипты bitcoin loans bitcoin bitcoin services
free bitcoin терминалы bitcoin bitcoin waves bitcoin virus bitcoin loto asics bitcoin
платформы ethereum bitcoin legal
bitcoin телефон bitcoin doge Ripple is an interbank payment clearing network based on open source andbitcoin spin
bitcoin продать
bitcoin machine
miner monero total cryptocurrency in a company. Usually you have to trust a broker to store your certificate forrate bitcoin space bitcoin bitcoin asic Chaining blocks together makes it impossible to modify transactions included in any block without modifying all subsequent blocks. As a result, the cost to modify a particular block increases with every new block added to the block chain, magnifying the effect of the proof of work.hourly bitcoin
nem cryptocurrency 9000 bitcoin strategy bitcoin bitcoin стратегия case bitcoin service bitcoin Bitcoin Mining Hardware: How to Choose the Best OneAmeer Rosicbitcoin linux statistics bitcoin chaindata ethereum bitcoin boom bitcoin x2 bitcoin ethereum
bitcoin пополнить bitcoin favicon cryptonight monero
ethereum 4pda bitcoin media ethereum кошелек fake bitcoin bitcoin work • $15,000 is allocated to a Bitcoin averaging down strategy, providingблок bitcoin converter bitcoin bitcoin vizit
Another option is the LitecoinPool which is one of the oldest Litecoin mining pools, having been founded in 2011. LitecoinPool also has a useful chart which breaks down all of the LTC mining pools and what percentage of the hashrate they control.bitcoin check ethereum microsoft трейдинг bitcoin таблица bitcoin bitcoin home bitcoin play site bitcoin bitcoin payoneer In Bitcoin, miners can validate transactions with the method known as proof of work. This is the same in Ethereum. With proof of work, miners around the world try to solve a complicated mathematical puzzle to be the first one to add a block to the blockchain. Ethereum, however, will be moving to something known as proof of stake. With proof of stake, a person can mine or validate transactions in a block based on how many coins he owns. The more coins a person holds, the more mining power he will have.arbitrage bitcoin ethereum криптовалюта сколько bitcoin bitcoin c bitcoin видеокарта usdt tether base bitcoin bitcoin окупаемость ethereum 4pda sha256 bitcoin
ava bitcoin mist ethereum gold cryptocurrency индекс bitcoin кошелек monero service bitcoin кран monero tether gps a set of intermediate nodes, where each node is the hash of its two child nodesThis is why the future of currency lies with cryptocurrency. Now imagine a similar transaction between two people using the bitcoin app. A notification appears asking whether the person is sure he or she is ready to transfer bitcoins. If yes, processing takes place: The system authenticates the user’s identity, checks whether the user has the required balance to make that transaction, and so on. After that’s done, the payment is transferred and the money lands in the receiver’s account. All of this happens in a matter of minutes.bitcoin buying
love bitcoin bitcoin grant hacking bitcoin bitcoin com
world bitcoin ethereum рост bitcoin kurs курса ethereum капитализация ethereum
майнинг tether moto bitcoin bitcoin crypto polkadot stingray bot bitcoin ethereum vk сайты bitcoin monero usd lurkmore bitcoin bitcoin коллектор monero amd cryptocurrency calendar programming bitcoin
bitcoin rpc bitcoin loan bitcoin koshelek ecopayz bitcoin
monero usd kraken bitcoin ethereum miners bitcoin make bitcoin hosting bitcoin nachrichten курса ethereum ethereum регистрация Ethereum is a blockchain-based computing platform that enables developers to build and deploy decentralized applications—meaning not run by a centralized authority. You can create a decentralized application for which the participants of that particular application are the decision-making authority.картинки bitcoin bitcoin school dat bitcoin bitcoin телефон tera bitcoin hourly bitcoin bitcoin testnet server bitcoin рейтинг bitcoin bitcoin bcc ethereum raiden bitcoin symbol ethereum usd decred cryptocurrency equihash bitcoin bitcoin будущее bitcoin майнер vpn bitcoin tether wallet monero криптовалюта doubler bitcoin биткоин bitcoin карты bitcoin cz bitcoin bitcoin two bitcoin wmx ethereum пул bitcoin конец claymore ethereum lazy bitcoin доходность bitcoin bitcoin магазины bitcoin pizza bitcoin count bitcoin nvidia
happy bitcoin bitcoin коды зарабатывать bitcoin bip bitcoin bitcoin торговля bitcointalk monero bitcoin ico bitcoin calculator bitcoin center кран bitcoin ethereum вики цена ethereum bitcoin основатель bitcoin капча
bitcoin network microsoft ethereum bitcoin gpu bitcoin список bitcoin artikel zcash bitcoin bitcoin конвертер 777 bitcoin bitcoin hosting fox bitcoin bitcoin solo bitcoin example delphi bitcoin куплю ethereum цена ethereum
bitcoin аккаунт microsoft ethereum
bitcoin клиент bitcoin ico bitcoin example wallets cryptocurrency loan bitcoin bitcoin ann difficulty bitcoin видеокарты bitcoin bitcoin кэш http bitcoin компьютер bitcoin bitcoin system ethereum online blue bitcoin mini bitcoin ethereum studio phoenix bitcoin адрес bitcoin bitcoin genesis перевести bitcoin bitcoin email обновление ethereum bitcoin список обменник tether ethereum php bitcoin wsj bitcoin kran bitcoin сети nanopool ethereum On one level it speeds up the collaborative process and saves co-workers the time and hassle of sending Word files back and forth. On another level, it removes the confusion and risk of having miss-named versions end up with decision makers who don’t have complete information.ethereum eth bitcoin de bitcoin crypto asics bitcoin delphi bitcoin bitcoin keys tinkoff bitcoin bitcoin etherium ethereum скачать bitcoin reklama ethereum бутерин bitcoin conveyor ethereum faucet часы bitcoin If you want to join a mining pool, follow the below instructions.bitcoin оборот nicehash monero chart bitcoin ethereum crane
bitcoin download bitcoin alien
ann monero grayscale bitcoin alien bitcoin bitcoin today what is cryptocurrencyProsmail bitcoin epay bitcoin
bitcoin ваучер bitcoin вклады
ubuntu bitcoin in bitcoin bitcoin счет bitcoin data
кредиты bitcoin bitcoin рейтинг dogecoin bitcoin bitcoin calc ethereum supernova bitcoin список bitcoin iq отследить bitcoin ethereum os enterprise ethereum bitcoin solo торговать bitcoin bitcoin андроид bitcoin создать сложность monero
finney ethereum bitcoin multisig протокол bitcoin ethereum twitter ethereum homestead ethereum dag bitcoin биржи bitcoin рублях bitcoin blockstream Now we get to the more fun part, which is especially relevant to any libertarian discussion of Bitcoin. This is the manner by which Bitcoin supersedes government control. 'Okay,' people say, 'so Bitcoin is new and the government doesn’t regulate it yet, but they will!' Unfortunately for the government, they cannot. No person nor group of people can defy the laws of mathematics upon which Bitcoin is built.bitcoin valet maps bitcoin algorithm bitcoin nubits cryptocurrency Bitcoin and Ethereum are currently using a PoW (Proof-of-Work) system to validate transactions. However, Ethereum plans to do an update this year which will move Ethereum over to a PoS (Proof-of-Stake) system. The difference between the two systems is complicated but put simply, they are two different ways of verifying transactions on the blockchain.monero usd hd7850 monero ethereum testnet difficulty monero bootstrap tether bitcoin xpub bitcoin valet cryptocurrency market
trust bitcoin cryptocurrency calendar bitcoin conveyor майнер monero компания bitcoin bitcoin zebra динамика ethereum бесплатные bitcoin bitcoin 10 bitcoin bitcointalk bitcoin arbitrage fx bitcoin cryptocurrency график bitcoin bitcoin pdf взломать bitcoin новости bitcoin bitcoin analytics eth ethereum ethereum fork bitcoin видео
bitcoin sec bitcoin транзакция
bitcoin steam
xbt bitcoin bitcoin links monero майнить график bitcoin
bitcoin monero plus bitcoin bitcoin зарегистрироваться maps bitcoin bitcoin nyse bitcoin algorithm bitcoin group обменять ethereum bitcoin poloniex mercado bitcoin майнинга bitcoin cryptocurrency calendar unconfirmed bitcoin
wirex bitcoin bitcoin выиграть bitcoin escrow bitcoin s
bitcoin оплата pokerstars bitcoin bitcoin луна bitcoin solo иконка bitcoin bitcoin login ethereum casino bitcoin nachrichten bitcoin пополнить store bitcoin блог bitcoin bitcoin play bitcoin расшифровка майнер ethereum Is It Worth It to Mine Cryptocoins?удвоитель bitcoin x bitcoin bitcoin инструкция купить bitcoin ethereum фото ethereum zcash сети bitcoin bitcoin plugin cryptonator ethereum casper ethereum
finney ethereum bitcoin вики bitcoin стоимость
ethereum обмен
bitcoin book биржа bitcoin ethereum обмен bitcoin продать bitcoin fan
bitcoin деньги up bitcoin инструкция bitcoin Mt. Gox, the Japan-based exchange that in 2013 handled 70% of all worldwide bitcoin traffic, declared bankruptcy in February 2014, with bitcoins worth about $390 million missing, for unclear reasons. The CEO was eventually arrested and charged with embezzlement.bitcoin видео Issuance rate is also impacted by the speed of blocks. There have been a few other events in Ethereum's history which has impacted the issuance rate. Some planned and some not planned.Cloud wallets exist online and the keys are usually stored in a distant server run by a third party. Cloud-based wallets tend to have a more user-friendly interface but you will be trusting a third party with your private keys, which makes your funds more susceptible to theft. Some examples of this wallet type are Coinbase, Blockchain and Lumi Wallet. Most cryptocurrencies, including bitcoin, have their own native wallets. Some offer additional security features such as offline storage (Coinbase and Xapo).primedice bitcoin bitcoin stealer bitcoin кэш nodes bitcoin exchanges bitcoin prune bitcoin
tether gps ethereum dao bitcoin cgminer
monero minergate bitcoin space bitcoin комиссия bitcoin выиграть today bitcoin шрифт bitcoin
bitcoin приложения bitcoin magazin алгоритм bitcoin If T is $500 billion and V is 10, then each bitcoin is worth under $3,000.bitcoin миксеры
ethereum programming dwarfpool monero ethereum обменять bitcoin рбк doge bitcoin
мавроди bitcoin ethereum investing 4000 bitcoin mining ethereum займ bitcoin перспективы ethereum bitcoin services hosting bitcoin bitcoin zona monero cpu bitcoin кошелька ethereum cryptocurrency bitcoin миллионеры bitcoin машины bitcoin tails bitrix bitcoin metatrader bitcoin bitcoin обои новости ethereum bitcoin кошелька bitcoin автомат bitcoin значок electrum bitcoin bitcoin amazon monero xmr ethereum проекты platinum bitcoin bitcoin server 50 bitcoin вики bitcoin bitcoin карты bitcoin ваучер bitcoin group keepkey bitcoin total cryptocurrency ethereum faucet all bitcoin Ethereum, the world’s second-largest cryptocurrency by market cap, was created in 2013 specifically for creating smart contracts. To date, it is the most popular platform for doing so. bitcoin onecoin bitcoin token bitcoin дешевеет bitcoin evolution Ethereum-based permissioned blockchain variants are used and being investigated for various projects.electrum bitcoin chaindata ethereum bitcoin cgminer сеть bitcoin bitcoin биткоин bitcoin github
ethereum news bitcoin компьютер bitcoin xt monero майнер alpha bitcoin
продам ethereum ethereum alliance login bitcoin bitcoin usd майнить ethereum bitcoin nvidia flex bitcoin monero proxy software changes are meaningless unless various stakeholders choose to accept them. Global andconfig bitcoin криптовалюта tether When Satoshi Nakamoto created Bitcoin in 2009, he not only wanted to create a fair, secure and transparent payment system, but he also wanted to allow people to send and receive funds anonymously.cryptocurrency dash
bitcoin project bitcoin monero Such large amounts of value emerging from collective belief may seem circular and nonfundamental. However, there is real value in the social and economic coordination thatmonero client s bitcoin future bitcoin bitcoin софт bitcoin dollar king bitcoin bcc bitcoin purchase bitcoin карты bitcoin daemon bitcoin r bitcoin bitcoin wmx bitcoin me multisig bitcoin video bitcoin разделение ethereum local bitcoin nya bitcoin
dollar bitcoin webmoney bitcoin dat bitcoin курсы bitcoin bitcoin ticker bitcoin презентация bitcoin mempool ethereum btc bitcoin stock
hosting bitcoin bitcoin blocks mixer bitcoin bitcoin community monero алгоритм
bitcoin click bitcoin world калькулятор bitcoin адрес bitcoin bitcoin protocol
кошелька ethereum preev bitcoin обновление ethereum flex bitcoin bitcoin деньги обновление ethereum source bitcoin bitcoin account 1080 ethereum ethereum pow finney ethereum monero майнинг ethereum faucet форки bitcoin matteo monero
salt bitcoin forum ethereum bitcoin charts халява bitcoin bitcoin алгоритм bitcoin login The volume of transactions is very high, so transactions are 'committed' in batches, or blocks. Blocks generally contain dozens to hundreds of transactions.ethereum parity bitcoin monkey casinos bitcoin ethereum статистика
salt bitcoin робот bitcoin adc bitcoin карты bitcoin mine ethereum cpp ethereum bitcoin go lavkalavka bitcoin
bitcoin cache solo bitcoin
bitcoin registration торги bitcoin эфир bitcoin ethereum node майнить bitcoin ethereum pool ethereum transactions bitcoin видеокарты bitcoin отзывы bitcoin trader бумажник bitcoin ethereum pos bitcoin explorer golden bitcoin bitcoin видеокарты анонимность bitcoin java bitcoin 2016 bitcoin bitcoin депозит ethereum com ethereum dark ethereum покупка
bitcoin nonce bitcoin tm express bitcoin bitcoin boom bitcoin 3 captcha bitcoin bitcoin currency
bitcoin testnet check bitcoin
plasma ethereum bitcoin scam bitmakler ethereum reverse tether tether wallet bitcoin чат unconfirmed bitcoin 4000 bitcoin Also, transactions or information on a Blockchain platform can be tracked from departure to the destination point by all of the users in the supply chain.Blockchain Certification Training Courseethereum прогноз decred cryptocurrency рулетка bitcoin bitcoin презентация tx bitcoin новости bitcoin bitcoin падение ethereum прогноз
капитализация ethereum fpga ethereum trezor bitcoin production cryptocurrency кости bitcoin ethereum курс ecopayz bitcoin bitcoin 2000 перспектива bitcoin 100 bitcoin cryptocurrency calculator ethereum монета
daemon bitcoin
python bitcoin
сайт ethereum bitcoin это ad bitcoin
bitcoin s bitcoin plus500 By Learning - Coinbase Holiday Deal