ADSactly Tech News - The Many Ways in Which Blockchain is Changing Our World

in #blockchain6 years ago (edited)

ADSactly Tech News: The Many Ways in Which Blockchain is Changing Our World

Image Source: Adobe Stock

When people hear the world blockchain thrown around the most common thing that comes to mind is Bitcoin. But is Bitcoin blockchain? Well Bitcoin is certainly the first mainstream cryptocurrency to utilize a blockchain for wealth preservation and wealth transference but its not what people are referring to when they mention blockchain.

Blockchain technology is so powerful it has the potential to transform all sorts of different centralized applications and services into transparent decentralized applications and services. Blockchain technology will be applied to fields including finance, healthcare, media, government and all sorts of other sectors, in fact you may not know this but it is being incorporated into these fields every day in all sorts of ways we can hardly imagine.

In this article I will discuss many of the ways blockchain has already been integrated into our world. The development of new and innovative technologies is moving at lightspeed and blockchain technology is being incorporated into modern day business applications at an accelerating rate.

Image Source: Eweek

One area in which blockchain is being utilized is in cybersecurity as companies look to capitalize on the technology to create keyless signature systems with the capability of securing health records.

A company called Guardtime is looking to accomplish this task currently to secure the health records of one million Estonian citizens. Securing extremely sensitive information in a decentralized manner has many benefits and allow health care providers to reduce costs by saving them time and expense.

Another company called REMME is basically a decentralized authentication system which is making a sincere effort to replace logins and passwords with SSL certificates stored on a blockchain.

These are just a few of the many ways blockchain is being applied to cybersecurity with many exciting new ventures sure to be coming in 2018 and beyond!

Image Source: MIT Media Lab

Another field in which blockchain technology has a potential to transform is the global health care industry. For example, one company called Gem is working with the Centre for Disease Control to encrypt disease outbreak data onto a blockchain which will potentially result in more efficient disaster relief and response activities.

Another company called SimplyVital Health is currently developing two health-related blockchain products. The first product is called ConnectingCare, a blockchain that tracks the progress of patients after they leave the hospital. Their other blockchain product is called Health Nexus, which is focused around providing decentralized blockchain patient records.

Finally, one of the most promising blockchain projects I've seen focused around the health care industry is called MedRec.

MedRec is a project that is being developed and managed by MIT to create a blockchain that can securely store electronic medical records while also managing authentication, confidentiality and data sharing.

Image Source: IBTimes UK

Another industry which is being transformed by blockchain technology may come to you as no surprise. I'm talking about the financial services industry.

One project I think shows a lot of potential is called Bank Hapoalim. It is essentially a collaboration between the Israeli bank and Microsoft. The project aims to create a blockchain system for managing bank guarantees.

Soon we will be seeing investors looking for blockchain exposure in the stock market. This will be an interesting opportunity to cash in on the new and emerging technology while limiting the potential volatility of investments when compared to cryptocurrency markets.

Another interesting project has been launched by a company called Maersk. Traditionally their business has been described as a shipping and transport consortium but they have recently unveiled plans to launch a blockchain solution for streamlining marine insurance.

Image Source: Julius Silver - Creative Commons - Pexels

The final topic I would like to discuss revolves around how blockchain technology is transforming manufacturing and industrial distribution systems.

One company called Provenance is creating a project to provide a blockchain-based provenance record of transparency within supply chains. This will make it possible to track a product all the way from its raw material inputs to the final consumer and be aware of a product's journey from a to z.

Another company called Jiocoin is a subsidiary of India's biggest conglomerate, Reliance Industries, is currently developing a blockchain-based supply chain logistics platform that will operate alongside its own cryptocurrency, Jiocoin.

One last really promising project is that of which plans to be the first decentralized provider of distributed and encrypted cloud storage. This will allow users to share unused hard drive space and take a dent into popular paid storage services like Google Drive and Amazon AWS.

Image Source: Pixabay

So when people talk about blockchain they are not necessarily talking about Bitcoin. They may not be even referring to other cryptocurrencies that operate on blockchains. They are most likely referring to the underlying technology that allows for decentralized transferrence of information across time and space. There are many advantages to running a decentralized service as opposed to a centralized one but one of the biggest advantages is free and open access to information with limited risk of corruption.

What do you guys think about the applications discussed in this article? Which fields do you belive blockchain technology will be most successfully implemented in?

Lets get a discussion going about your favorite blockchain projects and how they propose to transform our world!

Thanks for reading.

Authored by: @techblogger

Source: 35 Amazing Real World Examples Of How Blockchain Is Changing Our World - Forbes

Image Sources: Pexels, Pixabay

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First of all, i must commend your pictures. They really portray the message very well.
And i really love it when i see post that strike up a discussion on @adsactly here. It shows the essence of the post. Not just for reading alone, but that there may be rubbing of minds. Nice one my friend.
Wow. Blockchain has revolutionized the world..
I agree with your point in cyber securities. Every transaction added to a private or public blockchain is timestamped and signed digitally. This means that companies can trace back to a particular time period for every transaction and locate the corresponding party on the blockchain through their public address. Thats so very important and safe.
I will sure check out those blockchain projects you mentioned above, they seem to be great.
I also know of one called Lympo I dont know if you have heard of it, but its also a health care blvokchain project. I stumbled on it as a post and read althrough and it was really cool. Lympo aims to allow people pay for fitness products using the LYM tokens. It also aims to allow the individual to collect their fitness data then sell it to research companies. The coolest of them all is that it offers a great opportunity for a person looking to make money, while at the same time keeping fit. Isnt that awesome.
Its so refreshing to see blockchain in the health industry.
Cool post. Atimes we just get so much choked and occupied with the financial aspects of blockchain and forget its other benefit. This is sure a reminder. Thanks.

Awesome comment. There is a lot to learn from the post. Nice one.

I have heard of Lympo amd it is a great initiative. Keeping fit project. Because you mentioned it, and i am reading about it again, i will look it up. Thanks.

Thank you for giving these insightful and hopeful updates. I want to make sure I understand you correctly. Those blockchains you mentioned by name - are those the names of the coins that we would purchase if we choose to buy into those blockchains? Other than Jiocoin, I don't think you stated that specifically, so I want to make sure you're not referring to the name a technology that powers the coins instead of the coins themselves. I do believe we are living in exciting times. This is changing our world. I'm excited about it.

After reading your post I realized that It is quite annoying that if people hear blockchain they only see bitcoin and money fraud or on the othet hand a milion $ chance. What is worse, that thousands of people who call themselves as a crypto investors say that they now what exactly what is cryptocurrency and blockchain, but in fact they just see what money can they earn (gambling).

You described many examples of blockchain technology usage. It is so important toshow people the advantages of this technology. In my opinion there is an unwritten rule that if we try to do something we should at first get some knowledge about it.

Let me give you 2 links to my articles about blockchain technology usage:

what do you think?


When I try to explain what is blockchain to someone who does not know this world, I tell him that blockchain is like the road and bitcoin and the cryptocurrencies are the cars that circulate through it.

Agreed! This is a very wise way to explain it!

Thank you!! I work with children and I have a habit of explaining things so they can understand it.

Exactly the point. That's why I tend to wonder those who's telling Bitcoin is scam if they really understand what they're saying or if they even know "blockchain" technology exist.

wow...this is a brilliant illustration

Thank you! it's an easy way for them to understand

yes sir... i have to follow you

Amazing explanation ,R u A teacher?

more or less, I give extracurricular computer classes to children :)

You nailed it bro

The world is changing and we should not be late for it.

excellent post


hello... i upvoted your blog and kindly upvote my blog as well...

This is considered spam. Try to provide a useful comment next time!

I am lucky to be able to see such good articles! The bit coin view is very good. Thank you.

Thanks. I'm happy you enjoyed reading this article. Bitcoin is good, no disagreement there!


FINALLY!! Someone who truly gets that this will change things historically! So much fud flying around to drive prices back down so all the major corporations can scoop it up at a discount and be greedy capitalists as usual.

My question is: @adsactly Do you think the potential power of the 99% controlled by the 1% can outweigh them? and we can start to see a gradual conversion towards a 50/50 fiat(cash)/crypto global economy in the coming 8 years ? By the way I am a new follower and I gave you an upvote!

I am a self employed tattooist from the uk and crypto enthusiast, if anybody is interested I try to post as much as I can :) peace!

I think a lot of people in government are still trying to fit the square peg (Crypto/Blockchain) into the round hole (Fiat/Status Quo Society). Ideally, something like what you describe will happen, where the new blockchain based systems are built and gain acceptance along side the existing system. Then, when the status quo collapses, its replacement will be there ready to take over. I'm looking forward to that day.

As a self employed person you have a lot of power to help with that transition. Do you accept crypto for your services? What if you were to ONLY accept crypto?

Currently, no. But it is something I am contemplating... however most of my business is currently cash based so would be a huge transition to make, especially since only having this new studio open for a little over a month! But I’m considering at least giving people the option ;) new follower and upvote from me anyway as you seem to be switched on!

Thanks bro. I haven't posted anything yet but hope to soon.

Cash is still King for the time being... The interesting fork in the road coming down the pike faster than people realize is government-crypto -vs- decentralized-crypto. Governments would love to get rid of cash and have 100% traceable transactions via gov-crypto. It's gonna be up to the people to reject that when the time comes and hopefully decentralized crypto will already have wide acceptance. It may be a bumpy ride but I have faith!

It's already happening:

I think that communities can use blockchain technology to change the world. Be ready because ADSactly is going to be a player in the game shortly with that very goal! Lets take the power back from these greedy corporations!

Exactly !! There needs to be a MAJOR shift in power (money). It’s already beginning to happen, the snowball affect is all we need now ;)

i know this is off your topic but please consider it

please dont flag me, this is very important to me


Smart cat! Looks like he's just woke for his morning cup of jo!

@iqbalgubey cat attitude show us the blockchain strength...
such a attractive quotes & thats three line means many more...
i am getting more curious about bockchain.
thanks for posting this

Blockchain technology is definetly changing the world.
I use blockchain to buy and sell different cryptocurrencies. Also use it to convert one crypto to another. I love this informative post @adsactly.

Yep! Hopefully it moves far beyond just being used as a currency and disrupts some industries.

Agreed. Where are you from? Love Bitcoin. I'm Oatmeal. Upvoted.

Right!! We are still in the infancy stages and the best is yet to come, I believe!

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