Topic: Any other areas that blockchain can be used? - page 2. (Read 623 times)
It seems to me that Blokchain will be used by highly developed countries in the field of public administration. Some governments have already said that using the blockchain technology, it will be possible to create a smart digital country system where citizens can access all the necessary state resources using their smartphones and at the same time do not need to visit any offices in person. Using the blockchain, you can vote or receive various data, as well as send requests for documents from different ministries or structures. The field of activity is very large.
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.
There are many, many potential use cases. This is truly transformative tech that can have a big impact across society.
Picking just one important use, I'd say smart contract platforms such as ETH will be huge. It's not just an ICO platform, ETH can be used to automate many things in society. Any interaction that is rule-based and can be codified is a candidate for automation using ETH.
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.
Blockchain technology is a very impressive and revolutionary idea that opens up a lot of windows for new ways for make our lives easier, to some people they only relate it to bitcoin and financial transfers, but blockchain is a way to eliminate any need for a third party where there is some sort of transfer between tow people, so it could be applied in many fields, such as data transfer, storing critical information since it can not be changed, and many more, blockchain has so much potential and we are still yet to find was to implement it into our daily lives. Blockchain more popular using in finance area because everything talking about blockchain is not far away from finance and investing or money, always use great opportunity with blockchain to get much profit with your assets.
Agreed! It is not just in a form of cryptocurrency but blockchain can help in finance area. You can use it in auditing and giving the tranparency among your clients. In fact, blockchain may helps also democratic country to vote candidates during election. It can count votes with a transparent result for the citizen. A lot of things we can make using blockchain. That is why many projects are fir to use it. 
The blockchain system could be used very well in sports if you ask me. I know it sounds far fetched but we all know who Messi is or Lebron James is or Nadal is, yet we don't know the small time local people at all.
If you use blockchain to give these people voices too you can have a scouting system in all over the world for any sport you want, there will be difficulties like who will put the data in and how legit it will be but if you have agreements with the sports officials to put them in instead of teams itself then you can find someone from 7th league of English soccer league from all the way in Nigeria or vice versa to find people that are way above their leagues and plays much better than others comparatively. That is why in sports blockchain could make a huge change in scouting and bring all sports into football manager level of scouting as well.
If you use blockchain to give these people voices too you can have a scouting system in all over the world for any sport you want, there will be difficulties like who will put the data in and how legit it will be but if you have agreements with the sports officials to put them in instead of teams itself then you can find someone from 7th league of English soccer league from all the way in Nigeria or vice versa to find people that are way above their leagues and plays much better than others comparatively. That is why in sports blockchain could make a huge change in scouting and bring all sports into football manager level of scouting as well.
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.
Some People are really so dumb… what does Blockchain has to do with HEALTH?? Even if Blockchain was going to be used in hospitals, it's still going to be for the purpose of carrying out transactions. But according to the op, he is asking if there is any other use for Blockchain technology apart from the finance section. So why do I see some people mentioning health then? As for those mentioning that it can be used for voting… what makes you think that the Blockchain technology will be a better option for casting votes?? If users are going to be anonymous, then anyone can cast as much votes as they want. Doesn't make any sense. 
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.
Blockchain is not just for cryptocurrencies but it can be apply in different industries.Its the main reason why there are a lot of ICO’s popping out out nowadays proposing to solve different problems in different areas and ecosystems. Most ICO now only see blockchain technology from the aspect of cryptocurrency and then avenue to raise fund, there are so many projects that I have seen in this industry with very solid blockchain concept, but they don’t get to see the light of the day as a result of mismanagement and lack of passion from the side of the project developers. Blockchain is really much more than what some of these ICO’s are using it for or call it to be.
Blockchain is more popularly used in the fields of finance such as trading and banking, but there are also some companies that are engaged in other fields such as medical and educational advertising that utilize blockchain technology. They consider that using blockchain technology is more efficient and effective both in terms of economy and engineering. For example, if a hospital uses a blockchain system in conducting a patient's medical record, the patient will be faster and more precise in getting medical treatment.
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.
blockchains could also be useful for decentralized digital asset trading, but that isn't exactly a new use case. it's just trustlessly transferring value back and forth, essentially what bitcoin does.
It's only decentralized if assets themselves are decentralized, otherwise it just like stablecoins - a company holds the actual assets and releases tokens, but everyone is at complete mercy of said company.
This is the problem with all these "putting X on blockchain" ideas - they always end up with intermediaries, and what's the point of blockchain if there are intermediaries?
Other ideas that people generally parrot are also questionable - no one has shown any detailed proof how exactly blockchains are better than traditional databses and data sharing schemes, people somehow think that blockchain magically makes everything secure and decentralized.
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 don’t think blockchain as a whole is even for financial purpose alone, blockchain has been used for so many purposes aside the financial aspect of it, and I think the aspect of it enabling a decentralized system is not limited to fiancés alone but other parts of a project too.we could also see how people have used it to create gambling applications, Sites and other wide ranges of application, and Bitcoin is just an application burn out of it too called cryptocurrency which is being used for digital payments, so blockchain technology can be used by large firms to record transactions and for any other purpose such developer thinks it could be useful for.
It can be used but will it be? We don't know. Blockchain in itself is the evolved form of data if you ask me, you can use it for other stuff as well but as a database that is p2p and will never be deleted even if thousands of servers get burnt in a fire is the epitome of the level we have come in technology.
A whole nations citizens information regarding their work, their taxes, their medical info, their personal family numbers (married, single, children, no children etc etc), and many more things can be stored in just one blockchain forever and can be shared to hundreds of different locations and even allowed citizens to have limited access to just carry it would mean nobody could ever hack it and change anything since its blockchain and decentralized but also keeps it alive no matter what happens for centuries.
A whole nations citizens information regarding their work, their taxes, their medical info, their personal family numbers (married, single, children, no children etc etc), and many more things can be stored in just one blockchain forever and can be shared to hundreds of different locations and even allowed citizens to have limited access to just carry it would mean nobody could ever hack it and change anything since its blockchain and decentralized but also keeps it alive no matter what happens for centuries.
As others mentioned, blockchain doesn't equal cryptocurrency, and the former can be implemented in various ways (and some of them are already our reality). The article avikz linked in the post has a great list of various applications. A lot of them are in the area of finances one way or another. I'd just like to add some use cases that the article doesn't mention. Blockchain voting is one of them, and there have already been experiments with people voting for things this way. Another thing is the weather forecasting, but I don't know much about it and whether it's been already implemented. But the list is limited by our imagination, not by blockchain technology.
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.
Blockchain can be used in almost every field of our lives because we are in an era where information is very important, hence its management, security, dissemination and storage must be a topmost priority. Blockchain technology is the best way to store information and data under good protection yet transparent. This feature is made possible by the digital ledger of the Blockchain technology. 
Where most of these 'blockchain' companies are going to screw up is by believing they, or mysteriously altruistic strangers, can run a properly useful and secure chain without a financial incentive. Why would you bother unless there's something in it for the person providing the actual platform you're hammering?
agree on this, if you are referring to public blockchain implementation but a company can create a private blockchain for its internal use without financial incentive
it would serve as shared database to minimize data discrepancies or corruption by employees in the company
Don't compare Blockchain and cryptocurrencies, these are absolutely different areas! While blockchain is a technology, bitcoin is just one of its use cases.
Where most of these 'blockchain' companies are going to screw up is by believing they, or mysteriously altruistic strangers, can run a properly useful and secure chain without a financial incentive. Why would you bother unless there's something in it for the person providing the actual platform you're hammering?
If it's between interlinked and likeminded entities then there are and always have been shared databases for that.
It's exactly the same as intranet vs internet. Masses of companies reckoned they could create their own internet that was 'better' then reality dawned on them as they were roundly ignored by people running towards the real deal.
Blockchain can be applied for almost every industry that's operating. It's not just for the financial industry/institutions but it can also be used for the transparency of data for industries that wants to make their process visible.
Like on election for voting the pools,for maintaining a ledger on your store,etc...
Cargo, shipping, etc as in almost everything.Smart databases can be used for all that too, yet people are so tangled up in the blockchain hype that they believe it will change industries and potentially even the whole world. The most ironic part is that databases exist for decades, but now blockchain has become a thing people start worrying about efficiency and whatnot.... It was never really a problem to begin with.
Better IT management is what most industries lack. Cost saving is the main reason IT isn't paid much attention to while it has been one of the most important aspects to focus on in the last decade or two.
A potential use for Blockchain technology, is that it can be used for storing intellectual property. Authors can store an encrypted document on a distributed blockchain registry, representing a digital certificate of authenticity. Access to the encrypted data only being available to its authors & other authorised parties. This ensures an immutable evidence of ownership and a chronological recording of transactions performed on the object.
Smart contracts can be used in the sale & licensing of intellectual property automating associated regulatory & business operation. Users can make payments for the use of inventions directly to the owner, without the use of third party institutions.
Smart contracts can be used in the sale & licensing of intellectual property automating associated regulatory & business operation. Users can make payments for the use of inventions directly to the owner, without the use of third party institutions.
Thank you guys for the kind, detailed response!! Think I have to study more. Cheers everyone
i haven't seen many compelling use cases outside of using cryptocurrencies as programmable money, especially censorship-resistant money. bitcoin is obviously the prime example of that.
blockchains could also be useful for decentralized digital asset trading, but that isn't exactly a new use case. it's just trustlessly transferring value back and forth, essentially what bitcoin does.
the "blockchain not bitcoin" arguments = BS from nocoiners.
blockchains could also be useful for decentralized digital asset trading, but that isn't exactly a new use case. it's just trustlessly transferring value back and forth, essentially what bitcoin does.
the "blockchain not bitcoin" arguments = BS from nocoiners.
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