Blockchain technology continues to gain popularity day after day. Only the massive phenomenon that the internet brought about in the 1990s is comparable to the social impact that this technology is having.
In the year 1998 there were a million users on the Internet. Today it exceeds 4 billion, which represents more than 50% of the world's population. Blockchain currently exceeds three million users, 0.5% of the world population.
We are still far from a widespread implementation of Blockchain. Even so, in many sectors the important advantages it offers are already being exploited. Being a peer-to-peer (P2P) network within a system, the time and costs of intermediaries are considerably reduced. This possibility of eliminating intermediaries greatly facilitates its viability and implementation, as a need that society has been demanding for some time when making transfers of any kind. The structure of our system places small competitors and companies at a great disadvantage that, through this decentralized system, achieve a much more equal position in their favor.
The particularity of relying on this technology means that the content of the blocks added to the chain can be consulted by anyone at any time, and whose information cannot be deleted or modified. Blockchain simplifies the transaction system by eliminating intermediaries and incorporates an important added value: total transparency.
The exponential growth of Blockchain development has resulted in, and because of, a large number of startups working on developing platforms or solutions that use Blockchain. Large companies and even governments of some states are joining these initiatives, trying to be pioneers in their application on new uses.
The rise of cryptocurrencies in 2017 gave a boost to the fame of Blockchain, hand in hand with Bitcoin, Ethereum or Ripple. Now, companies are looking to expand its use by taking it to fields such as logistics, authentication or smart contracts. Next, we will discuss some of the most important uses that are being given to this technology.
Health
Through the Blockchain development of applications for health care, Blockchain is postulated as one of the main tools that can help reduce wasted time on a day-to-day basis. Thus, information on the status of a patient can be collected through this system and a historical record of all patients can be kept.
Feeding
Important companies in the sector such as Walmart are developing food safety applications, through which consumers can learn about the process a food has gone through until it reaches their hands.
The American company Corporation Cargill has been one of the pioneers in using the Blockchain system in food. On November 23 of last year, Thanksgiving, they introduced codes printed on the turkeys, so that any consumer could consult all kinds of details about the product in front of them.
Transport and logistics
The use of Blockchain in this area provides an improvement in information flows throughout the logistics chain. The enormous complexity that usually accompanies these systems makes the entry of this technology even more favorable, thanks to the automation of processes, the reduction of administrative and customs procedures and the reduction of fraudulent activities.
It is true that in this area it is proving costly and slow, but the introduction of this technology is already being noticed and promises to revolutionize the concept of transport and logistics in the next decade. The Bosch-led consortium has been running for more than a year and has already incorporated blockchains into logistics supply. At an international level, there are also different use cases such as port operations that involve enormous complexity or to increase security in the transfer of containers and waste.
Government and democratic processes
The cryptographic function provided by these blockchains represents a historic advance in data security and integrity. Different initiatives are betting on revolutionizing the internal system of governments by automating fiscal tasks. Security systems have also been implemented in electoral areas, being used for the counting of votes.
Smart contracts
This is one of the greatest advances that this technology has provided us. Smart contracts are digital agreements backed by blockchains and work as a "cause-effect", where, for a contract to be executed, you must previously meet some requirement.
LegalTech
But, without a doubt, LegalTech technology is the one that has most revolutionized the legal field. Many entrepreneurs have created projects that attract the attention of investors. It is startups that are taking over this ecosystem, and from Cysae, we have already taken the initiative and incorporated LegalTech tools into our systems, such as Stamper . From privacy and cybersecurity to advice on contracting with the provision of Blockchain technology: LegalTech tools promise to revolutionize the sector, either through applications based on big data or the automation of processes, generation and correction of contracts, or software to reduce tedious paperwork.
Soon, this system will be present everywhere, from loans between individuals to financial transparency, giving greater control to people day by day and strengthening cybersecurity in all areas. It seems that this Fourth Industrial Revolution is not even going to allow us time to assimilate its arrival.
The blockchain is a Decentralized digital technology that does not stop growing and that is increasingly important in the field of digital marketing.
In this article we explain different applications of the blockchain in the marketing industry.Blockchain applications in the marketing industryFor those of you who have not just mastered the world of blockchain, first we are going to define what it consists of.
Marketers are looking forward to seeing how the blockchain will impact and optimize their work.The blockchain development company is building a direct data exchange between consumers and brands to emphasize their relationships.
Customers are concerned about the anonymity and confidentiality of their transactions.
Rather than generating revenue through customer payments for content and services, these platforms rely on revenue through data and targeted ads.In general, organizations are highly dependent on intermediaries to meet the needs of their potential customers.
It allows companies to expand their advertising campaigns, improve their customer targeting capabilities and service responsiveness.
And, with new remarkable technological advances, it only gets simpler and better by the day.Blockchain technology, which is the most common in the currency market, is one such brilliant innovation.
From healthcare to finance to the modern media sector, blockchain has reached every industry.
Let's look at how blockchain can help mobile apps and why you should use blockchain for your company.How does blockchain technology elevate mobile applications?
Blockchain networks are made up of a chain of blocks that contain information and are encrypted with strong cryptography.
Each block contains the transaction data and the timestamps of the previous blocks.
Transparency The method of authorizing applications for sale on Google Play and Apple's App Store appears to be unpredictable and considered unfair.
What is Blockchain?In simple words, the blockchain is a unique distributed record that stores the data and verifies its integrity.
By using a different set of cryptography based technologies, Blockchain assures that transaction continued into the blockchain database which is steady.Blockchain technology manages the every currency transactions.
But Blockchain is not limited to just currency but enlarges to any domain where anything of value is implemented, be it contracts, personal information, health records, business data and much more.
Advantages of Blockchain TechnologyEfficiencyTransparencyTrustFlexibility Our blockchain solutions offer paradigm shifting abilities to the businesses that are in search of unmatched scalability at the operational level.
Development Platforms for Blockchain TechnologiesEthereum is perhaps the most consistent and widely spread platform for the creation of viable blockchain systems.
Despite the fact that the whole platform is relatively new and has only been developed a few years ago, Ethereum has been taken its place at the forefront in the world of developing platforms for blockchain technologies.
Depending on the popularity and hype acquired by blockchain technology in the last few years, it won't say that blockchain is definitely a game-changer and also it can be considered as the next big thing to occurred in the inventions of the internet.
In simple words, it stores a record of each transaction that can be accessed by everyone who is all into the networks, therefore eliminating the requirements of a centralized authority.
It stores and collects the information in an encrypted blockchain with much safety and security.Let's see at some of the top real-world blockchain technology applications over various industries here.1.
It can help to trach the batch and serial numbers of prescription drugs.
Nowadays, some of the hospitals have started to record the patient's data with the latest ways of handling the data and they are using blockchain technology to store each patient's record confidential.
Patient's diagnoses report can also be stored so that they can easily track the history of the patient's health conditions.3.
