Topic: Other uses of blockchain technology? (Read 463 times)

Apart from a fundemental technology supporting Bitcoin, Blockchain has proved its value through lots of innovative applications. As far as I know, Blockchain may be used in digital voting in the future because of its high security so that the government becomes more transparent. Also, with its timestamp feature, this technology has ability to confirm the existence of something at a stated time that is further provable in a court of law. That's called DECENTRALIZED NOTARY.

Although Blockchain is mostly known as the underlying of Bitcoin, it has facilitated many other domains. Blockchain has get involved in distributed cloud storage thanks to its decentralized nature. Moreover, Blockchain technology offers a solution to many digital identity, which is now riddled with fraudulent problems. Another application of Blockchain is smart contracts that promise to help cut your mortgage rate, make it easier to update your will. There are so much that I can't list here!

I see Blockchain is growing beyond Bitcoin. More and more companies and organizations, including big names like Microsoft and Tesla, take strides toward or show interest in using blockchain to support their business. There is now a general inclination to use blockchain in other fields, including IoT, the supply chain, stock exchange, gaming and other domains where secure data transactions are important.

Blockchain technologies make tracking and managing digital identities both secure and efficient, resulting in seamless sign-on and reduced fraud. So Blockchain technology goes way beyond financial assets mostly known as Bitcoin.

Bitcoin is just one of the Blockchain-based applications. There are a lot more to do with blockchain. For instance, Storj is beta-testing cloud storage using a Blockchain-powered network to improve security and decrease dependency. I think in the future, distributed cloud storage will heavily depend on the Blockchain.

Blockchain is more than just an underlying technology of Bitcoin. Essentially, any type of digital asset can be tracked and traded through a blockchain. Information about the provenance of goods, identity, credentials, and digital rights can be securely stored with a distributed ledger.  Therefore, Blockchain is useful in fields like digital identity and decentralized notary.

Aoart from that there are variant nonfinancial usage of blockchain technology, but tbe problem us that almost everyone is vexed into the financial usage. Anyways, it's not the fault of the developers. Some people have ideas but the funds to startup these platforms become a problem and so they attach the financial features to help raise funds.

Again how can a virtual public ledger (Blockchain) give you anonymity? Remember that Blockchain is important as it gives us transparency regarding transactions and maybe if applied in the future other records from public ones to medical records. Anonymity is not one of the main things Blockchain is featured with, as cryptocurrencies are the ones who have advantage with it first. With Blockchain you expect that your transactions will be more transparent compared to out old system which is vulnerable to hacks.

May I ask the source of the image? I am quite interested in the future application of blockchain technology.  I just to include the source as another reading material.

Automotive
- Track truthful, full history of vehicle from pre-production to sale
- Supply chain parts management
Banking, Financial, Fintech
- Streamline payments processing with high efficiency, fast and secure transactions
- Empower global transactions, tearing down national currency borders
- Minimize auditing complexity for any financial ledger
Charity
- Tracking donation allocation, accountability, integrity
- Reduce overhead and complexity of donation payment processing
Cloud Storage
- Increased security with a shift from centralized data security to decentralized network
- Lower transactional costs within a decentralized network
- Crowdsourcing unused cloud storage
Commercial Vehicles and Transportation
- Tracking journey stops; paired with IoT to create an immutable ledger of trip data
Credit History
- Make credit reports more accurate, transparent, and accessible
Cybersecurity
- Fight hacking with immutability of ledger
- Guarantee validity with data integrity
- No Single Point of Failure (decrease in IP-based DDoS attack success)
Donations
- Provide auditable trail for donations to prevent fraud
- Ensure crowdfunded campaigns receive donations and contributors are compensated
Education
- Digitizing, verifying academic credentials
- Federated repository of academic information specific to class, professor, and student
Energy
- Bypass public grids to allow for cheaper, peer to peer energy transfer
- Smart utility metering
Forecasting
- Combined with machine learning algorithms, blockchain can provide a decentralized forecasting tool
- Government and Voting
- Reduce voter fraud, inefficiencies with verifiable audit trails
- Minimize government fraud, digitize most processes
- Increase accountability and compliance for government officials
- Identity validation; integrity of citizen registry data
Gun Safety
- Tracking gun ownership and possession related information
- Tracking criminal ID history and attempts to purchase
Human Resources
- Background checks: Verification of identity, employment history
- Payment and benefits process validation — smart contracts
Insurance
- Improve multi-party contracts
- Streamline risk contract efficiency
- Streamline claims adjudication
- Reduce disputes with transparency of shared data
..... and many more

Xtrabytes is going to use the blockchain to host apps and services on their net.

DeepOnion is using blockchain for verification of file authenticity and named it DeepVault.
What you have to do is register and verify the file on blockchain with a small fee. After that, you will be able to claim the file authenticity.
There are a lot of usage of blockchain.

Blockchain technology has been a like a blessing to all the people in the crypto currency market. This has moved the need of the middleman of transactions taking into place. And has made exchanges easier for the people. At the same time, this has made the exchanges secure and less likely prone to hackers.

Blockchain technology is a completely decentralized system. It provides peer to peer connection with security and stability. Another important advantage of Blockchain technology is that it provides adequate transparency.

Blockchain is the digital, distributed, and decentralized ledger underlying most virtual currencies that's responsible for logging all transactions without the need for a financial intermediary, such as a bank. In other words, it's a new means of transmitting funds and/or logging information. Here are potential uses for blockchain technology.

1. Payment processing and money transfers
2. Monitor supply chains
3. Retail loyalty rewards programs
4. Digital IDs
5. Data sharing
6. Immutable data backup

Well this is a good questions based on this topic crypto currency use block chain tech based on this system is fully decentralized so many farms and company like to use this system also many govt. using this for voting system also BMW , UPS , Walmart are using this tech.

Other than cryptocurrencies and transactions verification blockchain can be use for in the music industry for rights of ownership and transparency, distribution.

Blockchain technology is one of the most advanced technology that man's invented, this kind of discovered invention leads for us to touch the future state of our new generation through modernization. Blockchain technology provides various effects that deals to the newly invention in near future. Blockchain technology can gives us today a lot of benefits and also to our future generation.

Blockchain technology uses to ensure transparency in data management, health service management, supply management and logistics, gambling and a whole lot of eco industry fields.

Block chain can also be use by the financial services, it can also be use as data storage for medical record, banking sector etc. However, it can be use for verification, approval, and security of digital identity which will somehow be universal problem in couple of years.

Blockchain can ensure that all transactions are recorded properly and stored securely and their transaction history is also publicly accessible enough to record transactions that can be stored in this blockchain not only for financial transactions there are many other uses that can be handled and recorded into Blockchain.

Take a look over all the other altcoins that are on the market at the moment, there are so many blockchains with different usecases, almost each one of them has a different usecase and they are more than interesting to make a deep research

This technology is really a potential one and more decentralized in the storage and securing of data. It can also be integrated into artificial intelligence. On the blockchain, transactions are secured with verified nodes. The potentials of this technology is what is creating the numerous cryto projects we are seeing today 

There are so many people’s are connect with this market and they also use block chain technology. Because without blockchain investors are not doing any transaction. Peoples are use blockchain in the defense, banking system also.

There are lots of uses for blockchain technology not only for digital currency. Like decentralized markets, another thing that blockchain can do is improving the voting system that is being used to vote or elect government officials, also in real estate and more. There are still more to discover. We may not see a lot of other uses of blockchain today but in the future it will sure be used in majority of businesses and other system.

In my sole opinion it have many use cases, but in common blockchain is for high availability trustless systems

The main usage of the blockchain technology is to support crypto currency and to verify the transactions which are made from them. Blockchain keeps the cryptography mostly secured.

You can use blockchain in real estate business, insurance, banking, money transfer, etc. ANy industry with large amount of numbers and papers can be improved by blockchain.

You can use it as Database for almost anything, even banks and supplychains are deploying blockchains
https://www.bitcoinmarketinsider.com/blockchain-is-the-future-of-supplychain-and-manufacturing/

the technology of block chain is extremely helpful. The usage of block chain does not just limit to the usage around crypto currencies. firms are investing on research on block chain to use it in their business, as the usage will make it beneficial for their business. The block chain can be used as a database to store information of every firm.

Personally, such factors as safety, decentralization and anonymity are very important to me, I think for the developer they are the same.

blockchain technology is basically used for supporting cryptocurrency and verify the transaction which is made by the users but it's updating it's program and developing the system so I think if you want you can also use it for checking your business transaction as well.

There are a ton of employments for the blockchain tech that isn't constrained just to cryptographic forms of money. Different banks and huge names in business are attempting to see whether they can coordinate the said tech into their own particular stages and conventions, and the way I see it, blockchain would be extremely valuable in coordinations which require arranging and masterminding information. Actually relatively every robotized administration can coordinate blockchain if the designers can be so kind to find out about it and make things simpler for the end-client. Our future would, I believe, be to a great extent blockchain subordinate and may start yet another mechanical upset.

It's too early to tell for sure. Thousands of startups and companies tell us that they will use blockchain to solve almost any problem in the world, but so far there's no good working example that show how blockchain is used in some industry. Also, it's not entirely correct to compare different blockchains, because blockchain is very closely tied to its parent network, and there are lots of different project configurations - there are private and public networks, permissioned and permissionless, small network and big networks, hierarchical and peer-to-peer and so on - public and open blockchains like Bitcoin have proved themselves to be working and stable, but the same has not been proven for all those other kinds of experimental blockchains. Bitcoin has already repelled many attacks, time will tell whether other blockchains are resistant to attacks or not.

Energy generation,insurance brokers, drugs or healthcare records keeping are all benefiting from blockchain technology. Not forgetting shipping and logistics and other gaming platform utilizing blockchian for fair gambling.

For sending money.
Take the advantage of the security of blockchain. and the fast transaction process. Sending money is faster.

There are a lot of uses for the blockchain tech that isn't limited only to cryptocurrencies. Other banks and big names in business are trying to see whether they can integrate the said tech into their own platforms and protocols, and the way I see it, blockchain would be very useful in logistics which require sorting and arranging data. Literally almost every automated service can integrate blockchain if the engineers can be so kind to learn about it and make things easier for the end-user. Our future would, I think, be largely blockchain dependent and may spark yet another industrial revolution.

Blockchain acts as a public ledger for crypto currencies. It is a decentralized encrypted database whose data can not be altered quite easily. Just serving as a public ledger for crypto currencies is not its only use. Look at the potential of the blockchain technology, we can implement it in various sectors of activities which requires transparency. For example, think about the voting system. If somehow all votes of individual can be recorded on the blockchain, there is no way the voting system can be rigged.

Blockchain was first used to bitcoin / cryptocurrency but it's not only intended to be used there for this great piece of technology.

(https://hackernoon.com/10-uses-for-blockchain-that-will-change-the-world-c5b96cf7c976)
(https://www.fool.com/investing/2018/04/11/20-real-world-uses-for-blockchain-technology.aspx)

your understanding was quite good, regard being new in the forum totally your understanding almost perfect perhaps because of your own study in the crypto but blockchain was only supporting transaction only with bitcoin other crypto have their own blockchain some based on ether blockchain in short alt coin.

Blackchain can also be use to trace transaction and interaction over the internet most likely it has tracking of their movement...

Blockchain technology can be used in many aspects, such as in terms of health that can be used to store data of all types of diseases along with medications that need to be administered and store data from any patient suffering from the same disease.
For the music world, blockchain can also be used to store all data for proprietary rights and copyrights of artwork. It is intended to prevent the pelagiat for any registered artwork and to strengthen the existing data.

Blockchain technology is currently being discussed all over the world, not just in the world of crypto, there are even those who think to develop blockchain into other industries. You can read this link
https://irishtechnews.ie/5-industries-being-disrupted-by-blockchain/

it could be uses in business to check whether the task is been done or not and it could be use in medical too. After all blockchain could be use in many things and it depends on what purpose you use it in.

There are multiple domains where the blockchain technology can be used. For example, national defense, banking, supply chain, healthcare, voting, food traceability, cars industry, ID verification, land property, ORM and so on... Keep in mind we have not explored every field but you can think that almost every domain can make use of the blockchain tech at some point

Blockchain, putting it simply, is a database. There's already a lot of research developments concerning blockchain out there. To my knowledge, I think the most famous one is applying it to smart grids. And just recently this May, Microsoft and Amazon announces they're adding blockchain to their cloud computing services.

You should follow IEEE Blockchain and also other blockchain conferences if you want to learn more about it.

CloudFish is using Block-chain in a very unique way, The CloudFish CASB uses a proprietary algorithm to store and manage users’ encryption keys using block chain technology. Unlike the traditional CASB products available in the market that stores users’ private encryption keys on a single server, the CloudFish CASB splits the users’ keys into fragments and stores it in blockchain. This makes it virtually impossible for a hacker to steal users’ private keys and the digital assets protected through those keys. CloudFish uses a proprietary algorithm to dynamically construct and store users’ keys in the
blockchain. The reconstruction and validation mechanism implemented by CloudFish for users’ encryption keys is very similar to the way blockchain validates your cryptocurrency transactions. The use of blockchain for security keys validation makes it not only impossible to steal but also makes it easy for the user to access it anytime from any platform……means you don’t have to worry what happens to my crypto wallet if my laptop is stolen or lost or if the wallet company’s server gets hacked.

Blockchain or decentralized databases uses cryptography to be secured.

From my own understanding , blockchain is used to support cryptocurrencies and verify  transactions made from cryptocurrencies but what are other uses for blockchain technology besides crypto?