Any other areas that blockchain can be used?

koura_cc

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Quote from: pana72 on June 23, 2019, 09:58:38 PM

Facebook and Libra are focusing on Financial area. Is there any other area that blockchain can be used?? It's hard for me to imagine anything else.

Let's start by defining blockchain: it's a computer algorithm that allows data exchange, analysis and automatic confirmation through decentralized servers. Of course, its very nature puts its application close to the financial world, but its full potential is by far a much diverse one, ranging from inventory and shipping management to software vulnerability data analysis. However, its adoption course will be closely linked to FinTech for a while. Through it, whether the current economic environment likes it or not, its validation will surely grow and other business range will massify its adoption.

There are already a few visionaries embracing this technology and bringing forth projects with the capacity to disrupt current market landscapes.

SirLancelot

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Quote from: reality18 on July 09, 2019, 11:15:46 PM

Blockchain technology has a vast area of usability. Apparently, it can be used in almost every field or sector where information and data storage is important. This is possible due to the digital ledger feature of the Blockchain technology which allows information and data to be safely stored and easily accessed.

When people speak of the blockchain technology, some feel it can solve every problem found across the industries in the whole world, but it cannot solve all problems, and where blockchain really functions more is this area you have just mentioned, which is that of information and data storage, and its ability to provide immutable record.

Another area where I personally enjoy the use of blockchain technology is the aspect of it removing middle man directly from a transaction, and when I talk of transaction, not only financial transaction, and even project by creating contracts directly through individuals and organizations which may totally eliminate any fraudulence practices that usually occur when applying for these contracts, and some of these features are why some corrupt governments are not happy with, that makes them go against it.

abeecrypto

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First off, Libra is or will be from Facebook. And Blockchain technology is not same with cryptocurrencies (That is if i can call Libra a cryptocurrency). As for whether their are any other use of blockchain apart from financial area. Yes their are. Healthcare, supply chain and Internet of things are just some of the few areas it can be used. And their are more to come.

Bezobraznike

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Bringing Bees to the Blockchain: World Bee Project Partners with Oracle for Bee Sustainability
Read more about it here:
-https://all-stocks.net/bringing-bees-to-the-blockchain-world-bee-project-partners-with-oracle-for-bee-sustainability/

Just recently I came across this news, and it`s interesting. It`s connected with this topic, for what Blockchain be used. As you can see Blockhcain can
be used for almost everything. Possibilities are endless, and that`s what most people don`t understand yet, when they start to, they will start to believe in
future of Blockchain as I do!

BrewMaster

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you can use blockchain technology in any field that you like as long as you have some form of data and want to store it somewhere blockchain can come in. but the real problem that people should be focusing on is whether it is a good idea to use blockchain in any of those fields?

so far i have seen the technology be mentioned (not so much used) in a lot of industries such as health care, energy industry, food delivery,... but i have never seen any of them discuss about why they are even talking about it in their business apart from trying to hype it up and make some quick money.

samcrypto

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Quote from: pana72 on June 23, 2019, 09:58:38 PM

Facebook and Libra are focusing on Financial area. Is there any other area that blockchain can be used?? It's hard for me to imagine anything else.

I guess we already have everything for blockchain purposes, though of course the rearch and development keeps on looking for something new and unique in the market. Blockchain might be use for taxation as well, honestly its hard to think for any new updates if you are just focus on the price movements, well traders problem.

reality18

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Blockchain technology has a vast area of usability. Apparently, it can be used in almost every field or sector where information and data storage is important. This is possible due to the digital ledger feature of the Blockchain technology which allows information and data to be safely stored and easily accessed.

wack slacker

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Blockchain has been studied in many different areas from agriculture, production management, human management, currency exchange management, medical record management, voting permission etc...
Blockchain brings democracy and transparency. That's what we really want.

BTCappu

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I was watching Saving Private Ryan (great movie by the way) and I realized I know there are no more wars like that and everyone is actually just fighting with planes vs terrorists etc etc but if there were to happen another IRAQ war type deal where people actually are involved in the fight blockchain could be used for database of soldiers as well.

Like finding an internet connection is the hardest thing but if you give each soldier some sort of address or a code and assign them to a platoon or whatever and they go off fighting than you can just use it as database to keep track of everyone automatically, maybe even include gps and all information required like name/birth place/ birthday/ blood type etc etc so basically with just click of a button you get all information of a soldier but that would also be very dangerous considering enemy could use it too.

darewaller

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Quote from: Freshmen on July 08, 2019, 01:37:31 AM

Quote from: pana72 on June 23, 2019, 09:58:38 PM

Facebook and Libra are focusing on Financial area. Is there any other area that blockchain can be used?? It's hard for me to imagine anything else.

Whenever this question is being asked, you see people saying even the rubbish they know nothing about. I have even seen some people that will come out and say that Blockchain can be used in hospitals apart from finance, lolzzz… sick people. How do you make use of Blockchain in a hospital if not for finance? Do you now make use of Blockchain in treatment? I have also seen those that claims that it can be used for voting since it provides transparency. Blockchain, the way I see it, can’t be good for voting well that is if it’s going to be what imagined… unless it’s going to be something different.

LOL, very funny man. Now you tell us what blockchain is really useful for since you have a better understanding of it. We have lots of people that are so confused about the whole blockchain technology of a thing, and that is why it is a forum created for us to have understanding of this new system that has been created, anyone you see digressing out of the purview of what blockchain is, you could just call the person’s attention to it and let the person understand.

This is one of the reason why we have so many shitcoins in the market, most of them apply blockchain for things that are not even necessary, once they just hear cryptocurrency, they assume that is the blockchain itself, and everyone wants to generate money through it and create a cryptocurrency, and you see many investors who lacks the understanding also investing.

Xardasim

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Looks like you are thinking limited on the limitless field. Blockchain is more common in this market, but is able to implement in most areas. Take a look at this : https://www.forbes.com/sites/bernardmarr/2018/05/14/30-real-examples-of-blockchain-technology-in-practice/#75b494ef740d

wxxyrqa

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Quote from: Freshmen on July 08, 2019, 01:37:31 AM

Quote from: pana72 on June 23, 2019, 09:58:38 PM

Facebook and Libra are focusing on Financial area. Is there any other area that blockchain can be used?? It's hard for me to imagine anything else.

Whenever this question is being asked, you see people saying even the rubbish they know nothing about. I have even seen some people that will come out and say that Blockchain can be used in hospitals apart from finance, lolzzz… sick people. How do you make use of Blockchain in a hospital if not for finance? Do you now make use of Blockchain in treatment? I have also seen those that claims that it can be used for voting since it provides transparency. Blockchain, the way I see it, can’t be good for voting well that is if it’s going to be what imagined… unless it’s going to be something different.

An international organization called Black Book conducted research among various organizations and companies that are somehow related to health care, then according to a survey it turned out that blockchain is already used quite often in health care. We are not talking about treatment, but with the help of blockchain, completely different problems are solved that are very important for health care.

Freshmen

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Quote from: pana72 on June 23, 2019, 09:58:38 PM

Facebook and Libra are focusing on Financial area. Is there any other area that blockchain can be used?? It's hard for me to imagine anything else.

Whenever this question is being asked, you see people saying even the rubbish they know nothing about. I have even seen some people that will come out and say that Blockchain can be used in hospitals apart from finance, lolzzz… sick people. How do you make use of Blockchain in a hospital if not for finance? Do you now make use of Blockchain in treatment? I have also seen those that claims that it can be used for voting since it provides transparency. Blockchain, the way I see it, can’t be good for voting well that is if it’s going to be what imagined… unless it’s going to be something different.

Spaffin

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In China, they launched a very interesting blockchain program based on the giant Ali Baba, where they will detect counterfeit food. First of all, they are now trying to control the supply of medicines from New Zealand, as well as some food products from other countries. This is a very interesting project, and unusual, considering all areas where the blockchain was used before.

Irvinn

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Quote from: MidnightWolf on July 02, 2019, 03:45:39 PM

I often participate in Bounty companies of various projects that have developed certain ideas for different spheres of human activity. This is not only trade or gambling, but also in education, cargo transportation and in many other industries. I think the blockchain has already found its niche world to use it.

In my country, the government has also always stated that it will use the blockchain for the electoral system and in medicine, as well as in other areas of government, but nevertheless these conversations have remained only at the conversation level.

MidnightWolf

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I often participate in Bounty companies of various projects that have developed certain ideas for different spheres of human activity. This is not only trade or gambling, but also in education, cargo transportation and in many other industries. I think the blockchain has already found its niche world to use it.

BitHodler

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Quote from: noormcs5 on June 30, 2019, 09:32:28 AM

Projects based on blockchain cannot be tempered and hence are secure.

That only applies to distributed ledgers such as Bitcoin and Ethereum. Most projects we see nowadays don't aim to be decentralized, but offer scalability and extremely fast settling transactions.

People need to understand that you don't need an inconvenient and very expensive immutable ledger for every application. At one point they will also understand that they don't need a blockchain at all.

Databases are more efficient and allow for more scalability. Another thing is that it can be semi tamper proof by having a log-system in place. Not as secure as Bitcoin of course, but secure enough to do the job.

MadeinCoin

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Actually blockchain is not only used in financial areas, many people in this forum are discussing the future of the blockchain, such as adopting blocks in elections, industry, hospitals, etc. Maybe now many people know blockhain in financial terms only and that's natural because they know blockchain from bitcoin.

mbluxs

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Quote from: noormcs5 on June 30, 2019, 09:32:28 AM

Quote from: BitBustah on June 26, 2019, 07:58:47 AM

I've seen some companies testing it out in supply chains and registration information like titles and contracts. None of them seem to be taking off though and the biggest use case remains to be censorship resistant money that can't be manipulated big a single party.

Blockchain can be used in many other forms and fields. In my country, some authorities are working to develop a blockchain based land revenue based system which will store all the land data in the blockchain which will make it secure and no one can modify the records from a blockchain based system.
Projects based on blockchain cannot be tempered and hence are secure.

The blockchain is very useful in all fields. because the advantages of the blockchain are very profitable. so blockchain can be used in any field. so we don't need to doubt the blockchain to date. because the superiority is very large

noormcs5

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Quote from: BitBustah on June 26, 2019, 07:58:47 AM

I've seen some companies testing it out in supply chains and registration information like titles and contracts. None of them seem to be taking off though and the biggest use case remains to be censorship resistant money that can't be manipulated big a single party.

Blockchain can be used in many other forms and fields. In my country, some authorities are working to develop a blockchain based land revenue based system which will store all the land data in the blockchain which will make it secure and no one can modify the records from a blockchain based system.
Projects based on blockchain cannot be tempered and hence are secure.

Topic: Any other areas that blockchain can be used? (Read 623 times)