TOP 8 WAYS THE BLOCKCHAIN WOULD BE APPLICABLE IN OUR LIVES
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The Blockchain has never been about just Bitcoins alone, this is a multiple application is Science, Health, Entertainments(Music, Movies) even Media etc. As predicted, Blockchain is poised to be Revolutionary hence here are some of the applications of this amazing Technology even though some of them might not live up to their objectives and promises.
MEDIA
Starting out in Movies, right on Steem is a Movie Production "Hardfork Series", the World first Crypto-focus mini-series powered by Steemit. Followed by the Image producing Gadgets makers Eastman Kodak Company "Kodak" had soared their stock price up by implementing the Blockchain into their business and had developed a Blockchain system for tracking intellectual property rights and fees/wages to Photographers. Also in Music, singer and writer "Imogen Heap" collaborated with UJO; a platform created for musicians to enable them monitor their Royalties and allow them create a ownership.
REAL ESTATE
Dmania wooden city is a prototype of a City built through the Blockchain and using the science CLT- Cross Laminated Timber to build an Eco-friendly way of living. Then a Blockchain- driven system is being created to monitor the legal processes that are so complicated and creates huge fees and frictions in real Estate changes of Ownership.
HEALTHCARE
An MIT project by MedRec; The Blockchain Electronic Medical Records designed to mange authentications, data transfers and sharing with confidentiality. Also GEM a startup is creating a database for disease outbreaks on the Blockchain and it is in collaboration with CDC- Center for Disease Control and Prevention to foster Responses and Relief strategies in case of an outbreak.
TRANSPORTATION/TOURISM
One of the aim of implementing the Blockchain into Transportation is by targeting how efficiency could be driven in the vehicle leasing work Sector. IBM Blockchain Solutions stated that it would go public with number of non-finace initiatives on the Blockchain. A fantastic idea by "La'Zooz"; a community owned platform that would synchronize empty seats with passengers who gets stranded. Also an online travel portal by WebJet has been developed through the Blockchain to solve the problem of Empty Hotel Rooms which could be efficiently tracked and traded with payment fairly routed to the Network of middle-men sites to fill up "11th Minutes" Vacancies.
GOVERNMENT/POLITICS
One of this Government powered application of the Blockchain is Democracy.Earth, an open source project aiming to enable creation of democratically structured organizations and potentially even countries or states on the Blockchain. Dubai wishes to become the first Blockchained run Emirate/States. 30 Government Departments formed a committee back in 2016 dedicated to investigate opportunities across health records, Business registrations, haulage and Shipping to prevent conflicts.
South Korea is having Samsung to build on the Blockchain for the South Korean Government an application to be put to use in their Transport industry and safety of the Public.
Samsung SDS has announced a lucrative agreement with the Korean government to create a new Blockchain technology-based platform for welfare, public safety and transportation by 2022. The hope is to increase transparency for the government services.
While the nation has banned ICOs, they have been embracing Blockchain technology. The need for technological change has become increasingly clear, as the world becomes technologically interconnected. Hong Won-Pyo, CEO of Samsung SDS said- Coin Telegraph
The UK Department of Works and Pension is in a project to use the Blockchain to administer and record benefits payments through "Govcoin"
CYBER SECURITY
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A company called Guardtime is making a keyless signature systems of identification through the Blockchain to secure records in the Healthcare system in Estonia. Also a decentralized authentication system by REMME has been created aiming to make obsolete logins and passwords with SSL certificates stored on the Blockchain.
INDUSTRIAL PRODUCTION/MANUFACTURING
A distributed and encrypted cloud storage system built on the Blockchain through STORJ.io which enables users to share unused Hard drives space, and a Brooklyn based company called Transactivgrid is a community based project enabling members to indigenously generate and sell energy with the goal of cost reduction that comes with the process of Energy production and Distribution.
A company formerly known as "Fluent" now "Hijro" has developed a Blockchain framework for collaborating on prototyping and proof-of-concept. Furthermore, India's Biggest conglomerate Reliance industries is developing a Blockchain-based supply chain logistics platform along with it's own Cryptocurrency "Jiocoin".
FINANCE
Barclays has initiated Blockchain based initiative to track transactions and to combat financial frauds, also the Shipping Giant Maersk has plans to streamline Marine Insurance through the Blockchain. While "Aeternity" allows creation of smart contracts that activates upon Network concensus agreeing a condition had been met which allows payments automatically when the parties involved had reached an agreement.
This are the various Blockchain applications in development and operational, many more still coming up and hopefully they all scale to make life much easier for us all just like Steemit!
Hello people, how are you all doing? Below are the links to some of my latest posts. I appreciate all the supports i have gotten from you all!
LIVING THROUGH YOUR HEAD!
SAVING THE DOG; A PRACTICAL APPROACH TO WORK AND LIFE SAFETY AND SECURITY
Tithing and Offering; A controversial Topic in the Christian Faith
THE SCAVENGERS AND THE WASTELAND; AN AFRICAN UNTALENTED WAY TO SURVIVE!
THAT AWKWARD MOMENT #18 - "A TIME TO BE SILENT AND A TIME TO SPEAK"
SPORTS AND CRYPTOS- THE MASS ADOPTION ARISING
Tears of a Soldier- A Poem
FOLLOW-UPVOTE-RESTEEM AND MAYBE DROP A SUPPORTING OR CONTRARY COMMENT.....It's your friendly Neighbor @oluwoleolaide for Steem-Lagos-Nigeria-Africa-World!
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beautifully done... good job brother... i impressed in your writing... great thinking....
Nice to read, but do you think thats CYBER SECURITY can be realy exist? I think if you want to get 100% Security, you have to diskonect your Network, shutdown your PC and go out in Nature ;)
This is a good Post, thanks for it.
Hahahahaha, very funny.
Shutting down and going offline is going back to the Stone age.
I really agree with every other points apart from that of CYBER SECURITY and i concur to @mad-house opinion on that point.
Good job @oluwoleolaide