It’s quickly becoming apparent that blockchain technology is about far more that just Bitcoin. The distributed, consensus-dependent ledger technology could potentially revolutionize many aspects across finance, healthcare, media, government and other sectors. Here is a list of 35 interesting ones.
It’s quickly becoming apparent that blockchain technology is about far more that just Bitcoin. Across finance, healthcare, media, government and other sectors, innovative uses are appearing every day .
Here is a list of 35 which I have come across. While some may fail to live up to their promises, others could go on to become household names if blockchain proves itself to be as revolutionary as many are predicting.
Concept of blockchain in modern business
Cyber security
Guardtime – This company is creating “keyless” signature systems using blockchain which is currently used to secure the health records of one million Estonian citizens.
Healthcare
Gem – This startup is working with the Centre for Disease Control to put disease outbreak data onto a blockchain which it says will increase effectiveness of disaster relief and response.
MedRec – An MIT project involving blockchain electronic medical records designed to manage authentication, confidentiality and data sharing.
Financial services
ABRA – A cryptocurrency wallet which uses the Bitcoin blockchain to hold and track balances stored in different currencies.
Bank Hapoalim – A collaboration between the Israeli bank and Microsoft to create a blockchain system for managing bank guarantees.
Barclays – Barclays has launched a number of blockchain initiatives involving tracking financial transactions, compliance and combating fraud. It states that “Our belief …is that blockchain is a fundamental part of the new operating system for the planet.”
Maersk – The shipping and transport consortium has unveiled plans for a blockchain solution for streamlining marine insurance.
Aeternity – Allows the creation of smart contracts which become active when network consensus agrees that conditions have been met – allowing for automated payments to be made when parties agree that conditions have been met, for example.
Augur – Allows the creation of blockchain-based predictions markets for trading of derivatives and other financial instruments in a decetralized ecosystem.
Source/More: 35 Amazing Real World Examples Of How Blockchain Is Changing Our World
