Top 4 Institutions that can benefit from Smilo Hybrid Blockchain

Advent of blockchain technology has made it possible for fairer and transparent ways of data monitoring and storage. This is because the blockchain technology makes use of decentralized approach to process and store information which make it difficult for any alteration of information ones it is stored on the blockchain. Many existing blockchain technology make use of a public smart contract which make it possible for transaction not to by anonymous. With just few click, informations about smart contract created on a decentralized application can be view by anybody from any part of the world. Even though, public blockchain are widely adopted by many business due to its transparent nature, many institutions that may want their data records to be kept privately may not consider using existing public blockchain.

Smilo will introduce a revolutionized blockchain platform that supports creation of both the public and private smart contract on the same blockchain. The smilo platform will offer hybrid decentralized application which can be used for private and secure messaging application. Messages that are sent on this hybrid decentralized application can be managed privately or publicly. Also Smilo platform will offer a hybrid transaction in which transactions can be kept publicly on the blockchain explorer for more transparency and also the transaction can kept privately in case anonymity and privacy is necessary. Smilo will provide completely anonymous transactions that cannot be traced or found.

Smilo will not only create a hybrid blockchain but also will be built in connection with real life scenario in which the platform will include functions for some institutions not limited to the follow;
Medical Institutions: Medical institutions have huge records of patients that need to be documented safely. Such institution can tap from blockchain technology in storing and processing medical record at lower cost. Smilo Hybrid blockchain will bring the necessary anonymity that is generally required by the medical sector. This is because keeping patient record away from public is of high priority and since Smilo platform will offer creation both private and public smart contract, it means medical records can be stored anonymously on the hybrid blockchain
Donation Institutions: Another sector that may consider Smilo hybrid blockchain is the donation institution. The cost of running donation platform is huge and one of the ways to reduce cost is to make use of blockchain technology which will allow fast and easy donation by individual and Smilo hybrid blockchain make the concept to be completely reliable. This is because individual or group of people who want to donate anonymously without their detail being make public can do so on the Smilo blockchain.

Logistics and Supply Chain companies: The use of Smilo blockchain platform can make it possible to determine the origin of a product and this in turn make product distribution fair. Smilo platform can make it possible to easily determine counterfeit products and also trace the source of such product.
Insurance Institutions: Insurance industry can also benefit from Smilo hybrid blockchain due to high level of security, reliability, Trust and Anonymities that the platform offer

For more information kindly visit any of the listed links below
https://smilo.io/
https://t.me/SmiloPlatform
https://medium.com/smilo-platform
https://smiloplatform.reddit.com/
https://twitter.com/SmiloPlatform
https://www.facebook.com/SmiloPlatform/
https://www.linkedin.com/company/smilo-platform-bv/
https://github.com/Smilo-platform
https://bitcointalk.org/index.php?topic=5039760.0

The Article is written by
Thesmallgod
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