top 5 real world applications of blockchain

Copyright © Blockchain Council www.blockchain-council.org

Top 5 real-world applications of Blockchain

The rise of Blockchain technology has paved the way for a new set of developments across the different business verticals. From human resource management to financial management, every aspect of business operation is now seeking assistance and help from the Blockchain. This distributed ledger technology emerged in the year 2009 as an underlying framework for Bitcoin exchange. However, its features like decentralization, transparency, data security, and others garnered developers' attention and soon Blockchain emerged as the mainstream technology. Most of the business niches are now reaping the benefits of this DLT.

2


5 real-world application of Blockchain:

Here we will be highlighting how Blockchain developers have made this technology turn useful in the real world: Smart Contracts: The first example that we want to put forward here is that of smart contracts. These digitized contracts have the potential to change the way agreements operate. The credit to smart contract creation goes to Nick Szabo. Blockchain-based smart contracts run on a computerized transaction protocol supervised by many nodes connected in the Blockchain network. The practical utility of smart contracts is then used in different segments like real estate, law, and finance.

3

https://www.blockchain-council.org/certifications/certified-blockchain-developer/


Voting- One of the remarkable uses of Blockchain technology is in voting. The security of the voting system has always been a matter of concern, and for those who question and criticize the voting system, Blockchain could be a probable answer. With the Blockchain, we can create encryption of voting, making the entire system free form data attacks and threats. Thus making the voting system more transparent and infallible. Healthcare- combating the problem of counterfeit drugs is a big problem that needs quick attention; simultaneously, healthcare amasses a large volume of data and medical information. Maintaining and accessing this information using the conventional platform can be a bit troublesome, but with the Internet of Medical Things (IoMT) and medical examination systems using AI, and Blockchain application can ensure data portability, integrity, and security. This will also help keep a check on the maintenance of healthcare records and medical history of patients.

4


Food Safety- As per technology experts, Blockchain can change the entire supply chain management system that spreads from farmers, brokers, distributors, regulators, and finally, the consumer. In the present scenario, the food industry lacks transparency, but with the intervention of Blockchain technology, we can certainly have a system that is far more transparent and secure. Blockchain enhances traceability, thereby ensuring that consumers can easily trace the history of pf products, thus ensuring the origin of food, packaging, and supply.

5

https://www.blockchain-council.org/blockchain/what-is-blockchain-technology-and-how-does-it-work/


Cybersecurity- This point certainly needs a lot of attention. The growing dependence on digital forums has made personal information and data exposed to the virtual world. Although companies follow a system of enhanced security, it has also made it easy for hackers to attack the security system and steal personal information. As per the Identity Theft Resource Centre report, between January 1st 2018 and July 2nd 2018 there were around 668 cases of data breach leading to compromise of 22,408,258 records, and this is just one example, there are several other examples where we have seen cases of a data breach, and hence there is a need for a system that can guarantee complete safety and security of the system. With Blockchain, we can certainly say that this distributed ledger technology will make it easy for the user to put their data and records on the system, free from data threats and breaches. Since every information on the DLT is encrypted cryptographically, it makes the system far safer and secure than the conventional system.

6


The future

These are some of the real-world examples of how Blockchain is being used in the real world. In these times to come, we are expecting Blockchain to make a growth of CAGR of 67.3% by 2025. All this will open new avenues of growth and job opportunities for Blockchain developers and Blockchain experts. If you too are one of those willing to make a good career growth, you must consider going ahead with Blockchain certification by the Blockchain Council.

7

https://www.blockchain-council.org/blockchain-certification/


Blockchain Council Certifications

You can check out our certifications, and kick start your career in the Blockchain space today.

● Certified Blockchain Expert● Certified Blockchain Developer● Certified Smart Contract Developer● Certified Solidity Developer● Certified Ethereum Developer

8

https://www.blockchain-council.org/blockchain-certification/?utm_source=organic&utm_medium=ppt&utm_campaign=seo

https://www.blockchain-council.org/certifications/certified-blockchain-professional-expert/?utm_source=organic&utm_medium=ppt&utm_campaign=seo

https://www.blockchain-council.org/certifications/certified-blockchain-developer/?utm_source=organic&utm_medium=ppt&utm_campaign=seo

https://www.blockchain-council.org/certifications/certified-smart-contract-developer/?utm_source=organic&utm_medium=ppt&utm_campaign=seo

https://www.blockchain-council.org/certifications/certified-solidity-developer/?utm_source=organic&utm_medium=ppt&utm_campaign=seo

https://www.blockchain-council.org/certifications/certified-ethereum-expert-cee/?utm_source=organic&utm_medium=ppt&utm_campaign=seo

THANK YOU!Any questions?You can mail us at

[email protected]

Copyright © Blockchain Council www.blockchain-council.org 9

top 5 real world applications of blockchain

Technology

blockchain

blockchain technology