Details about Blockchain Technology Part 5

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Details about Blockchain Technology Part 5

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Dear steemians in my Blockchain Technology part 4 post I discussed about how to secure blockchain network from hackers, cheaters and few standard procedures. Today is the fifth part of the blockchain series and I’m going to discuss about the uses and applications of blockchain tech. So, let’s get started. Hope you will like it.

Blockchain Tech use cases and applications?
Blockchain is the wonder of modern crypto tech. It has many blessings that is benefiting all the users around the globe. I shall highlight few of those below:

1. In modern financial system blockchain is playing a vital role. It has the unique feature of top-notch security. It not only secures crypto but also manages digital currency in a user-friendly way with fastest transactions speed.

2. This amazing tech also transforming the healthcare system with new business structure and upgrade in service. Tons of information are now stored using blockchain and handles those information’s with utmost security as well as manages information sharing securely and precisely.

3. Blockchain tech is now being used for supply chain management system. Blockchain facilitates the tracking of items across their supply chain and ensures product quality. In this way both the producer and customers are satisfied.

4. Many oil and gas companies are utilizing automated solutions built on the Blockchain Network to avoid any type of supply chain interruptions in both regular and bulk deliveries.

5. Blockchain is building trust in retailer and supplier interactions. Blockchain is being used by businesses to get shared and distributed data regarding delivered and received items, minimizing seller conflicts and improving dispute settlement.

6. Blockchain is being used by businesses worldwide to minimize struggle, improve faith and unlock new benefits.

Application of blockchain in major business organizations?

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1. Blockchain is now being used by companies in maintaining transportation services. It has been very difficult in early times.

2. All sorts of financial settlements are using blockchain, which provides better handling of assets and distribution in a trustable manner.

3. Insurances are using this tech for fulfilling their requirements.

4. Telecommunications firms are using blockchain to digitize methods including payment, the ability to roam and logistics management.

5. Blockchain helps advertising and promotional managers to manage data more effectively, gather more information of users engaging with advertising campaigns and improve customer connections.

6. It facilitates identification verification and validating transactions such as land registry and safekeeping documents in government systems.

Friends with this my blockchain series concludes. I hope you enjoyed it. Please provide your useful feedback so that I can enhance my time management and interactions.

Conclusion

Blockchain is a current technology blessing that is assisting in various areas for improved data management and security. We should utilize it in the effective way with proper knowledge.

Wishing well to all.

^{Vote for @bangla.witness}

Thank you
@toufiq777