Blockchain Use Cases
What is Bitcoin?
Applications of Blockchain: Beyond Bitcoin
Smart Contracts & Dapps
One aspect of blockchain technology which not only drastically increases a number of blockchain use cases, but also their ability to fundamentally disrupt a variety of industries and non-profit causes is the invention of smart contracts. Smart contracts are contracts written in code and embedded onto a particular blockchain. The code contains all the rules, conditions, expiry dates and all other relevant information needed for its fulfilment, which execute automatically once the terms are met.
Smart Contract Use Cases
Blockchain in Banking
Blockchain and Financial Technology
Blockchain in Healthcare
We have discussed how the healthcare industry and our increasing reliance on everyday healthcare and fitness hardware can benefit blockchain use cases. But what about the progression of health sciences themselves? Just like other areas of science, progress within health treatment depends on breakthrough research developing new clinical studies, disease prevention, or technology to help treat patients. With financing opportunities centralized and often scarce, many promising studies fall by the wayside and go unexplored. It is reasonable to predict researchers being able to create their own tokens, or participate in a research-based blockchain healthcare ledger to fund their studies. By interacting with said ledger, donors would be enticed by not only having one central place to pick and choose from their areas of interest, but also they could potentially be able to access real-time research data and benefit from a crowdfunding-esque micropayment donation system. On another hand, the trustless nature of the ledger would also minimize the chance of academic fraud and of duplication of work.
Blockchain in Real Estate
The user-friendly automation of all relevant processes and documentation on a decentralized, blockchain real estate platform could also help by cutting out additional inspection costs, registration and loan fees, as well as property taxes, all enforced by quantifiable smart contracts.
How Can Blockchain Technology Improve Real Estate
Blockchain and IoT
The implications of IoT are as important for the end user as for the global industry. This technological phenomenon will vastly improve the collection of data, especially how, when, where and why it is collected. However, as we progress into this ‘Internet of Things’, obvious security concerns come to mind. The idea of a rogue device, virus, or agent taking over and disrupting our homes or transportation systems has been used to scare viewers in many science-fiction films.
Blockchain and the Internet of Things
Blockchain Data Storage