Blockchain is about cryptocurrency and bitcoin. Isn’t it? Yes. It is. However, that isn’t all of it. This post will uncover another side of blockchain.
The Blockchain Technology has the capability to guarantee natural law of justice. It can secure every citizen of the world from crony capitalism and corruption.
The Blockchain development can ensure freedom to every citizen of the world from dictatorships.
Here’s how Blockchain guarantees complete freedom to our fellow citizens worldwide.
- Decentralization of Land Records - First, a Blockchain is a Decentralized public database or a ledger. This decentralization can help distribute land registry records to many computers all over the country or the world. This means no single malign actor or party can ever manipulate the land registry records within any nation. That’s exactly why block chain development is a strong tool of democracy.
- Decentralization of Your Identify - Second, imagine if we had a decentralized identity based on our biometric data. No regime or dictator can ever take away our biometric identity. This is again where blockchain can help us. Blockchain can create a decentralized public database of fellow citizens round the globe based on the real biometric identity you have.
- Decentralization of Money Transfer - Thirdly, the world is crippled with cuts and conversion rates. The money market is a nexus that is filled with intermediaries. Their job is to help citizens abroad send money (mostly to their family members back home). In process of doing this, intermediaries charge substantial amounts of money as transfer charges and conversion rates. The worst thing is it takes 7 – 15 days for the money to reach the beneficiaries in many cases.
- Decentralization of Data - Just search for a flight from New York to Miami. In less than 3 days your Instagram, your Amazon, Google, and Facebook account will be filled with flight recommendations. Today netizens feel that someone is listening to their conversations. Today, the data we produce is no more ours. The things we say, write, our browser history and our likes and dislikes now belong to the big tech corporations. They own our data. They own us. We have become the product.
The revolutionary blockchain technology has already proved its worthiness in almost every industry.
The mobile app industry is no exception.
This blending of blockchain with mobile app development services has led to the evolution of many blockchain mobile app development companies globally.Blockchain technology has managed to bring a tremendous wave in the area of app development.
Blockchain-based android app development and Blockchain-based iOS app development are trending for the last year.
Once these two major operating systems start to incorporate blockchain, then there will be no case of malware, cybercrime, or such incidents.
Blockchain implementation is on pace to build technological solutions.
How would the COVID-19 scenario be handled if the world is enriched with blockchain solutions?
