Blockchain Applications: 15 Killer Concepts For You
by Blockchain council Blockchain certificationsThe development of various technologies marks the advent of the 21st
century. Blockchain is one of them. With a decade long history, this technology
has proliferated business operations in various ways. But, the good thing is
that all its impact has been positive. Irrespective of the type of industry,
Blockchain has shown a positive impact on the same. The role of blockchain
technology is not merely limited to its usage in different companies; rather,
it has also emerged as a popular career option. Nowadays, companies are looking
for Blockchain experts. Blockchain training and blockchain certification
courses have become great in demand. Well, all this is credited to the series
of benefits that Blockchain has to offer. In this blog, we will be exploring 15
such applications of Blockchain that will impact the lives of a common man.
15 Applications Of Blockchain:
1. Faster money
lending — One of Blockchain’s uses is to ensure faster and easier
transactions without third-party interference.
2. Transfer money
internationally- Blockchain finds application is easier money exchange across the
globe.
3. Reduced fraud- With
Blockchain, there is a lesser probability of losing data or data alteration.
4. Data security- One of
the advocates of Blockchain is that it allows complete data security. Since
every piece of information on the Blockchain platform is encrypted
cryptographically, data becomes safe.
5. Smart
Contracts- Create smart contracts to transfer your funds or wills.
6. Saves
electricity bill- With the help of smart tools like a smart plug (proof of concept), you
can monitor power consumption and save cost. It also searches the cheapest
energy tariffs. This platform makes use of Blockchain to switch suppliers
quickly.
7. Trading of
solar power- Now, you can trade the extra solar power with your neighbor and earn
more money.
8. Check the fake
medicine- Blockchain also finds usage in the healthcare sector. It lets you
check the origin of medicine and its transfer in the entire supply chain,
thereby ensuring that you get the right medicine and extract all the
information.
9. Get more
information about the product- Provenance feature of
Blockchain lets you get complete information about the product, right from the
time it was produced, then procured and processed.
10. Prove your
identity- Many companies are working on a proof-of-identity feature of
Blockchain. Smart Identity System by Deloitte is one of them.
11. Predict Stock
Market- The current stock market system is centralized. Thus any kind of
failure at the server may also lead to failure of the entire system. Hence
decentralized blockchain platforms will be helpful here.
12. Registry of
landownership- Maintaining land records and property registry paper is one of the
most cumbersome jobs. But with the use of Blockchain, we can overcome this
problem. Ubiquity is a blockchain platform for real estate recordkeeping. It
eventually helps in the title search, thereby saving a lot of time and energy.
13. IP rights
protection- With Blockchain platform usage in rendering content, the user gets
more authority on the content, ensuring that the content creator gets their
dues. Moreover, the creator and consumer can directly interact, reducing the
commission, which is otherwise shared by the third party.
14. Fill up the
empty rooms- Blockchain is known to be very helpful even in the tourism sector.
Various Blockchain platforms are coming up that help you keep track of empty
rooms, thereby allowing better room allocation.
15. Better the
customer service- With the help of the Blockchain platform having the data about the
arrival and departure of the customer, you can save a lot of time that
otherwise goes in check-in and check-out. This system lets you know the
customer’s real-time movement, thereby helping you prepare the room and other services
on arrival and departure.
Conclusion-
All these uses of Blockchain indicate that there is going to be a great
demand for Blockchain Developers who can render their services.
Blockchain course has become one of the most sought-after skills, and companies
are now hiring such individuals. If you are also willing to make a career in
this field, then you must go for the Online Blockchain training program offered by Blockchain
Council. This certification program is online and entails complete detail about
Blockchain. After the successful completion of this course, you will become
certified Blockchain experts ready to provide their services. So, make use of
this opportunity and excel as a Blockchain expert by going for Blockchain training.
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Created on May 20th 2020 04:20. Viewed 318 times.