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Many people remember Bitcoin and digital currencies when they hear the name blockchain.
These people think that blockchain is only used in these matters.
However
The usages of this technology are beyond the scope of finance, and this technology is used in many other industries.
While blockchain and digital currency are the same for many, this is not the case.
Blockchain is a technology, and digital currency is just one use of this technology.
Tangible assets such as homes and cars, and intangible assets such as patents, etc., can be traded through blockchain.
At present, buying a home is a complex and costly process that blockchain can simplify and reduce costs.
In various parts of India, blockchain systems are being used to combat corruption. India suffers greatly from problems such as bribery and corruption, and in 2017 became the most corrupt country in Asia.
The Indian government is looking for blockchain-based solutions to address these problems.
Land ownership in India is one of the systems most strongly influenced by fraudsters.
The system is fraught with corruption and destruction, and reports indicate about 700 million dollar in bribes have been paid to register land in the country.
Reports indicate that about 66 percent of civil cases in India are real estate disputes. The government has resorted to blockchain solutions to address these problems. Blockchain protects the government's digital assets and prevents other people from interfering.
Safe cloud storage using blockchain
There are many benefits to storing decentralized blockchain.
One of the benefits is that it is more difficult to hack, and this improves security for companies that use the service.
Platforms can use blockchain to rent additional drive space around the world and therefore do not need to build large data centers. As a result, the cost of these platforms will be greatly reduced.
Decentralized cloud platforms are emerging around the world,
Blockchain storage is usually cheaper than storing large cloud services.
Fighting election fraud through blockchain
The voting system in the world is very old and is still done by throwing the ballot in the ballot box.
This system is very time consuming and has many vulnerabilities.
It is also very expensive to run such a traditional election.
In the United States, for example, about 1 billion dollar is spent annually on elections.
In addition to blockchain, the Follow My Vote system uses elliptical curve (ECC) encryption to increase security. Such a system can restore people's confidence in democracy and encourage them to participate more in elections.
In the United States, few people participate in elections because they do not trust the voting system.
The food industry has faced many scandals over the past few years. In 2013, it was discovered in the UK that a number of supermarkets had sold horse meat instead of beef, revealing the complexity of modern food supply chains.
After this scandal, it became clear that today's food supply chain is very complex and nested, and even the authorities could not find the offenders and hand them over to the law.
Food is very popular today, and many brands have engraved moral claims on their packaging.
Today, more and more people are paying attention to their food and want to make sure that their food is made according to ethical principles.
The IBM platform is able to identify the source of food very quickly, which is very effective in tracking contaminated food in the supply chain. Today, there are many companies in this space that use blockchain to improve the ability to track food.
Provenance is one of these blockchain companies in #London that allows customers to know where their product came from, whether its manufacturers were paid a fair wage, and whether the product was created in a way that was environmentally friendly.
Such services, which help people to be more ethical, are becoming more and more popular.
There are many inefficient methods for authentication, including usernames and passwords, physical ID cards, and more.
Blockchain provides a way that is different from other methods, and proponents of this technology envision a future in which each individual will have a secure identity.
Blockchain can change the maintenance of records, making them more reliable and easier to access.
We now live in a connected world, and easy access to documents and verification and sharing with officials from different countries can be very helpful.
The Switzerland city (Zug) is working with uPort to create an autonomous government identity.
The system uses Ethereum to allow citizens to access a set of government e-services in a reliable way.
Of course, Estonia is a pioneer in this field, and all citizens can securely authenticate themselves and access all Estonian e-services.
Blockchain is the foundation of all these digital identity services in Estonia.
The final word
As we can see, blockchain is not limited to digital currencies and is used in many industries. Today, people are starting to implement interesting programs and use the full potential of this technology.
In the future, blockchain will be something like electricity and the Internet that will completely enter our lives and become involved with it.