Topic: Which field can blockchain technology be applied? (Read 286 times)
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Any field that involves the integrity of data, or a distributed and trustless system?
Blockchain promises to solve security problem. The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The ledger itself can also be programmed to trigger transactions automatically.
Blockchain just like any other tech is going to be an enabler of human life. It can be applied in many industries at the moment the best case scenario is financial industry where Bitcoin is an example of such blockchain technology application. Other possible fields blockchain can be applied include but not limited to:
Lovely weekend guys!
- Health
Insurance
Agriculture
Supply chain and logistics
Governance- (Here I use the word governance not to limit its use to government alone as the word governance encompasses more than that).
E-commerce
Defense
Entertainment
Education
Intellectual Property
Lovely weekend guys!
Blockchain Technology is amazing, it can be applied in a lot of services and there are some companies, especially Bitfury which works on it
For example, every party can run their own nodes which can individually validate the election result, POW should be fairly distributed among all the "watchers" and concerned parties.
For example, every party can run their own nodes which can individually validate the election result, POW should be fairly distributed among all the "watchers" and concerned parties.
Blockchain can be applied to almost any industry which uses a computer in its offices.
The technology can even be used in almost every industry, even in Banana growing.
It can be used in the Collection and storing of data, used in the transportation, delivery,
sale, invoicing and payment of any goods, including those banana's!
We are only scratching the surface at the moment as regards its application.
The technology can even be used in almost every industry, even in Banana growing.
It can be used in the Collection and storing of data, used in the transportation, delivery,
sale, invoicing and payment of any goods, including those banana's!
We are only scratching the surface at the moment as regards its application.
blockchain can be used any developing sectors .it is not constrained to a particular field i am sure it can be used in farming ,banking and engineering sectors
OP please if you are really interested to get answer on your question, don't get lost.
Blockchain Technology is amazing, it can be applied in a lot of services and there are some companies, especially Bitfury which works on it. For example blockchain technologies are useful in land titling as an extra layer of protection, another example which is just an idea of our forum member is to use blockchain to prevent falsification of golds and a lot.
Blockchain Technology is amazing, it can be applied in a lot of services and there are some companies, especially Bitfury which works on it. For example blockchain technologies are useful in land titling as an extra layer of protection, another example which is just an idea of our forum member is to use blockchain to prevent falsification of golds and a lot.
There are many areas that can apply blockchain technology such as Trading, banking, etc
Angel.co has a good list of companies applying blockchain to other industries: https://angel.co/blockchains
Realistically, any industry can benefit from blockchain technology. It's really just up to the founding company to determine a use for it.
Realistically, any industry can benefit from blockchain technology. It's really just up to the founding company to determine a use for it.
Isn't it amazing that a website as you mentioned up here does exit and I never knew
?Thanks
Yea it took me a bit to find that site. It's not just good for the blockchain industry, but for every industry. It's really cool to look at the startup ideas on there.
The potential of blockchain technology is incredibly vast, which is why it is so revolutionary to the world. This includes decentralization of the internet, smart contracts, decentralized markets (trade without third party), distributed cloud storage, decentralized social networking, encrypted messaging, and authenticated voting.
Angel.co has a good list of companies applying blockchain to other industries: https://angel.co/blockchains
Realistically, any industry can benefit from blockchain technology. It's really just up to the founding company to determine a use for it.
Realistically, any industry can benefit from blockchain technology. It's really just up to the founding company to determine a use for it.
Isn't it amazing that a website as you mentioned up here does exit and I never knew
?Thanks
I am very keen to see blockchain technology being applied to monitor electioneering process. Any government which blazes this trail will be sending a strong message to as many governments of the day which are cynical about blockchain.
But until then
But until then
Angel.co has a good list of companies applying blockchain to other industries: https://angel.co/blockchains
Realistically, any industry can benefit from blockchain technology. It's really just up to the founding company to determine a use for it.
Realistically, any industry can benefit from blockchain technology. It's really just up to the founding company to determine a use for it.
I am wondering which field can blockchain technology be applied except ico?
Hello there mostly the potential of blockchain can be applied almost to any field of interest.
I will enumerate fields where you can see growth of application of blockchain.
1. E-commerce
2. Banking and peer to peer payment
3. Energy sector
4. Social domain and apps
5. Agricultural sector ( not sure about this but It has potential for great implememtation)
6. Robotics and AI solution
7. Security
8. Data encryption and software
9. Retail and malls
10. Business sector ( mostly in demand on the future)
1. Banking and financial sector: For clearing and settlement purpose, processing the payments and KYC norms.
2. Artificial Intelligence: this would guarantee the accuracy of data and would make it easy for the small players to enter the market.
3. Supply Chain Management: For securing the supply chain, ensuring transparency and eliminating the middlemen.
4. Healthcare sector: for making innovations and improving the digital infrastructure.
I am wondering which field can blockchain technology be applied except ico?
Hello there mostly the potential of blockchain can be applied almost to any field of interest.
I will enumerate fields where you can see growth of application of blockchain.
1. E-commerce
2. Banking and peer to peer payment
3. Energy sector
4. Social domain and apps
5. Agricultural sector ( not sure about this but It has potential for great implememtation)
6. Robotics and AI solution
7. Security
8. Data encryption and software
9. Retail and malls
10. Business sector ( mostly in demand on the future)
Almost any.
The previously discussed new "Automated Election" system.
For example, every party can run their own nodes which can individually validate the election result, POW should be fairly distributed among all the "watchers" and concerned parties.
Interestingly, Ethereum Tokens can be used on Online Games' item ownership.
A player character can be issued with an ETH address and several rare items are tied to a token with a limited number.
However, trading them will require a transaction so it might take some time.
And it (Permissioned Blockchain) could serve as a distributed data storage of any small-sized documents.
For example, every party can run their own nodes which can individually validate the election result, POW should be fairly distributed among all the "watchers" and concerned parties.
Interestingly, Ethereum Tokens can be used on Online Games' item ownership.
A player character can be issued with an ETH address and several rare items are tied to a token with a limited number.
However, trading them will require a transaction so it might take some time.
And it (Permissioned Blockchain) could serve as a distributed data storage of any small-sized documents.
I am wondering which field can blockchain technology be applied except ico?
Hey there!
Blockchain can be applied to many fields, depending on your requirements!
If you have more doubts, or if you have project to implement with Blockchain technology in your mind, you can get in touch with me.
My LinkedIn profile : https://www.linkedin.com/in/greshma-george-310643131/
Examples like copyright license information sharing on music platform
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