How Blockchain Projects are Changing the World
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If you are looking for trust in your business, then blockchain technology is what you should think of using because, with it, you can know the person you are sending your money to and how he or she is spending the money.
In today's world, what people are looking for in business is trust and fast, secure transactions, which blockchain technology is making us enjoy. Sending and receiving crypto funds is much easier and faster than using a traditional bank, where your money can be held for some days due to the network, as in my case. The invention of blockchain has brought in so many different projects that are changing the world.
- FAKE PROUDUCT IDENTIFICATION SYSTEM
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With the invention of the blockchain project, you can scan a products via a barcode using your camera to know if they are original or fake. There are so many fake products circulating in the world that, with the help of blockchain projects like the Machine Learning Project, one can be able to identify if a product is fake or not.
- BLOCKCHAIN-BASED VOTING SYSTEM
We know how corrupt paper voting systems can be manipulated and influenced, and we know that blockchain electronic voting systems are to replace the way people go out to cast their votes.
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With a blockchain system of voting, people will get to enjoy transparency, which will minimize electoral manipulation and the killing and destruction of electoral materials during and after elections, which happen mostly in African countries. With the help of blockchain projects, voting can be conducted seamlessly since it eliminates fraud and brings transparency.
- DECENTRALIZED WEB HOSTING SYSTEM
A centralized web hosting service that is accessed all over the world can cause thousands of websites to go down if the website hosting provider is under maintenance or if the server is carrying too many loads.
With blockchain technology, millions of people are now building their websites on blockchain technology because it saves money and time by allowing programmers and web designers to develop their websites or apps (Dapps) without relying on centralized servers anymore.
- RELIABLE CROWDFUNDING SYSTEM USING A SMART CONTRACT
Most start-up firms are not trustworthy when it comes to delivering their promises to investors, which means crowdfunding platforms lack trust and accountability in keeping to what they promise investors, which the blockchain project is eliminating.
Smart contract blockchain projects help save investors funds by blocking them within the blockchain until progress has been made by the crowdfunding platforms.
- DECENTRALIZED FINANCE (DeFi)
The growth of decentralized finance is no longer a joke because almost everyone is tired of the traditional banking system because of charges, access to loans, lending, and borrowing which one has to pass through third parties.
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With DeFi, people around the world don't need to rely on bankers to help them validate their financial transactions because DeFi services make use of smart contracts, which are programs that work automatically without the involvement of third parties.
Conclusion
This post has helped us to know how trustworthy and transparent blockchain technology is and also the opportunity that exists in blockchain technology, which is changing the world. This post is written by me based on my research from the source link below.
one of the most obvious things that can be felt by non-crypto fans is crowdfounding.
how not to get funding in a clear real business, an entity can convert assets for joint ownership and the funds are used to empower its real business.
This is difficult to obtain in conventional crowdfunding.
You are right friend. It is the reason why Investors need to be sure if a crowdfunding project is legit or not. Thanks for your respond.
yes bro, of course the projects you want to crowdfund don't be random.
😁
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This Is a nice post on how the is changing the world.
The blockchain also helps in the educational Sector, it helps to facilitate p2p learning, it also helps in the music industry too.
Keep making quality post!
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Thank You.
Thank you, friend!
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