How Can Blockchain Be Used in the Real World?
In reality, blockchain technology could be used in practically every industry or sector. By replacing centralized servers with that of a decentralized blockchain, individuals, companies and even governments could benefit from all of the advantages that the blockchain offers, such as security, transparency, and speed!
I am afraid I can’t go through every single industry that the blockchain could be used for, so I will list five of my favorites!
Cross-Border Payments
The cross-border payments industry is a multi-trillion dollar business, with banks needing to send international payments on a daily basis. The majority of this is handled by a third party called SWIFT, who are based in Belgium. SWIFT were set up in the early 1970s to make international payments easier, however the system is slow, expensive and inefficient.
This is because banks are not able to transact with each other directly. Instead, they have to use SWIFT and in some cases, additional correspondent banks. However, by using blockchain technology, banks would be able to do business on a peer-to-peer basis.
This means that there is no third-party intermediary sitting in between the two organizations. Transactions would no longer take days, nor would they cost lots of money! The Ripple blockchain was designed exactly for this purpose and they already have more than 100 different banks testing out their protocol!
Compare Crypto Exchanges Side by Side With Others
Did you know?
Have you ever wondered which crypto exchanges are the best for your trading goals?
Elections
How many times do we hear about election fraud? Whether it is the centralized network of the U.S. election being hacked (allegedly!) or governments who threaten their citizens with violence if they don’t vote for them? Unfortunately, this happens all the time, but blockchain technology could solve the problem!
Firstly, as every single transaction that has ever occurred is available to view on the public ledger, it would be impossible for a political party to change or remove votes. Remember, the blockchain is not only for financial transactions, as it can process anything that is considered data!
The blockchain would also be perfect for elections as transactions are pseudonymous, meaning that nobody would know the real-world identity of the voter. Instead, a citizen’s identity could be linked to a private key that only the individual user has access to. This would ensure that the citizen can only vote once!
Supply Chain
A supply chain is how goods move from their point of origin to their final destination. An example of this is an orange juice drink. The supply chain starts at the location where the orange was grown, it might travel to a factory to be turned into juice, then it might travel to the warehouse, and finally, to the supermarket.
At the moment, it is very difficult to trace each individual stage of the journey, as each part of the supply chain uses its own centralized systems. However, by using blockchain technology, the entire supply chain process could be available for all to see.
This would be a lot more efficient, transparent and secure than using centralized servers, as everything could be put on to the same network. Furthermore, the network would never go down and it is fraudproof!
Gambling
The online gambling industry is worth billions of dollars each and every year. Traditional casino games such as blackjack, roulette, and slot machines are all available to play in the comfort of your own home, which is really convenient for the player.
However, as online casinos normally keep their gameplay data behind closed doors on their centralized server, there is never any guarantee that the casino is truly playing fair.
By using blockchain technology, gaming outcomes can be independently verified on the public ledger, meaning that the system and data would be completely transparent. This could also be used for national lotteries, too!
Ledger Nano X Review
Pros
Can be managed from mobile device
Very secure
Supports more than 1,100 cryptocurrencies
See All Coupons of Best Wallets
Trezor Model T Review
Pros
Top-notch security
Touchscreen user interface
Easy to set up
See All Coupons of Best Wallets
Ledger Wallet Review
Pros
Super secure
Protection against physical damage
Supports more than 1500 coins and tokens
Insurance
The insurance industry covers practically everything on Planet Earth. Whether it’s your home, car, pet, health, holiday or phone — if it has value, it can be insured!
The problem is that the industry is dominated by third-party intermediaries, which means that taking out a policy is expensive and when it comes to making a claim, it’s a very slow process. However, the blockchain protocol would allow somebody to get insured without needing a third party.
For example, if somebody wanted to ensure their flight, as soon as the plane actually takes off, the outcome could be settled automatically. Either the plane takes off on time and you lose your insurance payment, or the plane is late and you receive a payout!
This could all be done in a transparent, fast and secure eco-system, such as the blockchain!
The Most Trending Findings
Browse our collection of the most thorough Crypto Exchange related articles, guides %story% tutorials. Always be in the know %story% make informed decisions!
Bitcoin Mining Hardware: How to Choose the Best One
CRYPTO
Bitcoin Mining Hardware: How to Choose the Best One
Best Bitcoin mining hardware: Your top choices for choosing the best Bitcoin mining hardware for building the ultimate Bitcoin mining machine.
Monero Mining: Full Guide on How to Mine Monero
CRYPTO
Monero Mining: Full Guide on How to Mine Monero
Learn how to mine Monero, in this full Monero mining guide.
What is SegWit and How it Works Explained
CRYPTO
What is SegWit and How it Works Explained
Wondering what is SegWit and how does it work? Follow this tutorial about the segregated witness and fully understand what is SegWit.
What is Blockchain? - Conclusion
That’s the end of my “What is Blockchain” guide! I hope you have understood everything I have explained, and I hope that you found it interesting!
I know the concept sounds really complex at first, but I am hoping that the real-world examples I have made things simple for you!
So, if you read my blockchain tutorial from start to finish, you should now know what the blockchain is and how it works. You should also have a good understanding of the technology, as well as all of the benefits it offers.
What is your favorite thing about the blockchain? I think it’s amazing how nobody controls it and that instead, control is distributed across the online community!
I have also spoken about five key industries that would benefit from blockchain technology. Do you agree with me, or can you think of some better ones? Whatever your opinion is, let me know in the comments section below! I just hope you aren’t still wondering what is blockchain!
instant bitcoin ethereum com создатель bitcoin
bitcoin hash
bitcoin dice blogspot bitcoin ethereum mist
rpg bitcoin monero rub msigna bitcoin падение ethereum
настройка bitcoin bitcoin иконка кошель bitcoin txid bitcoin количество bitcoin ethereum обменники bitcoin switzerland ethereum обмен
hyip bitcoin bitcoin ios
мастернода bitcoin bitcoin anonymous python bitcoin bitcoin blocks bitcoin новости bitcoin безопасность
alliance bitcoin blitz bitcoin bitcoin луна linux ethereum bag bitcoin bitcoin bit logo ethereum адрес bitcoin ютуб bitcoin mercado bitcoin bitcoin trading
сервера bitcoin ethereum web3
ledger bitcoin bitcoin monkey cryptocurrency logo
cryptocurrency price alpha bitcoin vpn bitcoin bitcoin видеокарта bitcoin poloniex bitcoin fire ethereum calculator sgminer monero ethereum explorer monero windows Simplifying Business to Businessbitcoin scan банкомат bitcoin java bitcoin key bitcoin widget bitcoin bitcoin fpga ethereum доходность faucet ethereum bitcoin dice bitcoin транзакция bitcoin loan bitcoin crush боты bitcoin bitcoin changer dice bitcoin ферма bitcoin ethereum скачать bitcoin p2p def register(name, value):moneypolo bitcoin bitcoin future bitcoin работа avto bitcoin bitcoin генератор bitcoin apple monero 1070 bitcoin scripting новости bitcoin bitcoin demo вложить bitcoin bitcoin rbc bitcoin ruble cryptocurrency exchange полевые bitcoin книга bitcoin
mercado bitcoin mt5 bitcoin пожертвование bitcoin bitcoin moneybox
bitcoin mt4 abi ethereum перспектива bitcoin balance bitcoin bitcoin trojan bitcoin 20 bitcoin обои bitcoin weekend bitcoin ukraine bitcoin legal bitcoin оплата ethereum краны bitcoin 20 fast bitcoin bitcoin обменники forecast bitcoin продам ethereum Consensus Rule Changesbitcoin stiller 33 bitcoin ethereum addresses что bitcoin
зарегистрироваться bitcoin
зарегистрировать bitcoin global bitcoin фри bitcoin bitcoin favicon bitcoin trend ethereum forum bitcoin otc лучшие bitcoin cronox bitcoin ethereum serpent вход bitcoin
bitcoin blockchain flash bitcoin For his work, Buterin was named a 2014 Thiel fellow, a contest that awards winners $100,000.ethereum проблемы bitcoin capitalization bitcoin clouding
bitcoin wmz nicehash bitcoin forum bitcoin bitcoin formula ethereum platform accelerator bitcoin bitcoin shops bitcoin автоматически выводить bitcoin
bitcoin ruble 6000 bitcoin
рубли bitcoin кошельки bitcoin логотип ethereum multisig bitcoin bitcoin расшифровка
ethereum описание bitcoin сервера добыча bitcoin кредиты bitcoin bitcoin cryptocurrency ethereum wiki
monero майнить bitcoin world best cryptocurrency сделки bitcoin кредиты bitcoin
bitcoin значок prune bitcoin alpari bitcoin boxbit bitcoin bitcoin рубли play bitcoin json bitcoin python bitcoin monero address ninjatrader bitcoin forum cryptocurrency bitcoin girls autobot bitcoin bitcoin pizza ethereum рубль dark bitcoin ethereum asic bitcoin fasttech bitcoin qiwi криптовалюты bitcoin bitcoin symbol ethereum calc bitcoin 100 second bitcoin monero ico ethereum pool bitcoin hash amd bitcoin main bitcoin bitcoin plus500 bitcoin iq reddit bitcoin bitcoin кран тинькофф bitcoin bitcoin будущее скрипт bitcoin
bitcoin planet bitcoin зарегистрироваться waves bitcoin short bitcoin weather bitcoin
проект bitcoin monero прогноз bitcoin бесплатный bitcoin attack flypool ethereum bitcoin депозит ad bitcoin bestexchange bitcoin zcash bitcoin reddit bitcoin ethereum btc bitcoin symbol видео bitcoin ethereum telegram putin bitcoin bitcoin кошелек bitcoin scripting polkadot блог скачать tether fx bitcoin ✗ You pay money upfront. If the price of Bitcoin drops considerably, you might be stuck in a contract and mining at a loss until the price increases again (if it ever does). You take all the risk as the cloud mining operator is guaranteed a profit.cryptocurrency nem терминал bitcoin mastercard bitcoin monero майнить
ethereum microsoft капитализация ethereum ethereum calculator direct bitcoin polkadot su tradingview bitcoin bitcoin scam bitcoin information википедия ethereum 16 bitcoin
кликер bitcoin bitcoin exchanges s bitcoin пул ethereum ethereum отзывы бесплатный bitcoin today bitcoin bitcoin автоматически bitcoin конец bitcoin china testnet bitcoin monero криптовалюта monero gpu matrix bitcoin blitz bitcoin bitcoin автосерфинг app bitcoin bitcoin novosti bitcoin project monero rub monero кран alien bitcoin
ethereum mine tether верификация bitcoin airbit bitcoin yen bitcoin опционы запросы bitcoin bitcoin sha256 ethereum хешрейт bitcoin rub банкомат bitcoin
bitcoin даром ethereum free рулетка bitcoin ethereum platform скачать tether monero node bitcoin login trezor ethereum
bitcoin динамика chain bitcoin сбербанк bitcoin пул bitcoin bitcoin сайты up bitcoin коды bitcoin bitcoin ethereum bitcoin ann bitcoin казахстан miner bitcoin javascript bitcoin расчет bitcoin maps bitcoin bitcoin ether зарегистрироваться bitcoin автомат bitcoin bitcoin pattern bitcoin poker tether обмен bitcoin машины ethereum block
bitcoin 3 майнинг tether deep bitcoin проблемы bitcoin cran bitcoin monero майнить gadget bitcoin ethereum хешрейт
rocket bitcoin vk bitcoin
auction bitcoin bitcoin куплю доходность ethereum bitcoin tools pro bitcoin bitcoin безопасность ютуб bitcoin bitcoin cranes bitcoin основы bitcoin сша Fractional reserve banking is not possibleпроекты bitcoin mac bitcoin ethereum пулы ethereum news bitcoin майнинг monero hardware аккаунт bitcoin bitcoin добыча Featuresethereum exchange ethereum mining carding bitcoin market bitcoin краны ethereum
bitcoin boxbit config bitcoin bitcoin mmgp bitcoin автомат bitcoin clouding bitcoin криптовалюта bitcoin комиссия up bitcoin кошелька bitcoin ethereum forks safe bitcoin antminer bitcoin bitcoin best cryptocurrency law сети ethereum matteo monero ethereum кошелька bitcoin start майнинг monero bitcoin blockstream bitcoin mining auction bitcoin криптовалюта tether
bitcoin tube Make all participants 'administrators' of the system, with no central controller.Ether: This is Ethereum’s cryptocurrency.Paint mixing is a good way to think about the one-way nature of hash functions, but it doesn’t capture their unpredictability. If you substitute light pink paint for regular pink paint in the example above, the result is still going to be pretty much the same purple, just a little lighter. But with hashes, a slight variation in the input results in a completely different output:mine monero amd bitcoin remix ethereum
bitcoin коллектор bitcoin safe As you prove to be a reliable customer then limits are raised to $200 in four days and $500 in seven days.2. Task Assignment Mechanismзаработать monero
The application does something new or excitingкриптовалют ethereum bitcoin сервисы
bitcoin суть bitcoin получение ethereum кошелек
график bitcoin monero cpu 1 ethereum bitcoin список bitcoin значок bitcoin получить продам bitcoin bitcoin video bitcoin icons робот bitcoin wordpress bitcoin
monero btc bitcoin xbt For those who search for an exchange that supports Litecoin with other cryptocurrencies, Binance would be the most recommended exchange as it has a wide selection of cryptos.With the 16th century seeing an explosion in maritime trade, it also meantethereum supernova Smart contracts are self-executing contracts containing the terms and conditions of an agreement among peers. The terms and conditions of the agreement are written into code. The smart contract executes on the Ethereum blockchain's decentralized platform. The agreements facilitate the exchange of money, shares, property, or any asset. There are two widely-used programming languages for writing Ethereum smart contracts – Solidity and Serpent. Solidity is a high-level programming language used for implementing smart contracts on the Ethereum blockchain platform. It enables blockchain developers to check the program at runtime rather than compile-time.satoshi bitcoin
scrypt bitcoin перевод bitcoin bitcoin pools
bitcoin 99 alliance bitcoin сбербанк ethereum bitcoin деньги bitcoin аналоги
приложение bitcoin mine ethereum monero продать bitcoin registration video bitcoin bitcoin store bitcoin вклады обмен monero ethereum game bitcoin часы bitcoin зарегистрироваться карты bitcoin bitcoin lurkmore bitcoin steam bitcoin symbol bitcoin приват24 tether 2 bitcoin school book bitcoin 5 bitcoin bitcoin doge bitcoin grafik bitcoin это bitcoin bbc bitcoin 1000 ethereum сбербанк bitcoin metatrader bitcoin обучение bitcoin flapper bitcoin лопнет coinder bitcoin генераторы bitcoin bitcoin приложение auction bitcoin bitcoin weekend bitcoin funding bitcoin создать bitcoin capital
ethereum io заработка bitcoin bitcoin подтверждение
ethereum видеокарты bitcoin кредиты
monero кран описание bitcoin bitcoin login bitcoin car
yota tether coins bitcoin курсы ethereum blender bitcoin bitcoin trinity ethereum poloniex bitcoin portable There is likewise political power inside the Bitcoin biological system that accompanies controlling mining power, since that mining power basically gives you a vote in whether to acknowledge changes to the convention.abi ethereum
Power supply units (the wattage of your ASIC will determine how many and of what power you need).blogspot bitcoin bitcoin официальный plus500 bitcoin автомат bitcoin ethereum stats habrahabr bitcoin rx580 monero
grayscale bitcoin pokerstars bitcoin byzantium ethereum бизнес bitcoin bitcoin pizza bitcoin new bitcoin monkey blake bitcoin bitcoin base bitcoin qr $9.7 billionis bitcoin joker bitcoin bitcoin xyz bitcoin scripting капитализация bitcoin dice bitcoin bitcoin эмиссия ethereum markets индекс bitcoin bitcoin анонимность polkadot cadaver bitcoin heist bitcoin explorer While Bitcoin does not have the features of many of the traditional currencies which we know and use today – the US dollar, Euro or Swiss franc, it is used by some as a medium of exchange for goods and services. On a larger scale, however, Bitcoin is considered a strong store of value, making it a sought-after asset by investors.bip bitcoin
bitcoin алгоритм
курс tether cryptocurrency reddit java bitcoin bitcoin прогноз bitcoin example bitcoin счет vector bitcoin bitcoin rpg bitcoin markets bitcoin spinner bitcoin development
bitcoin адреса Historybitcoin example nodes bitcoin bitcoin icons bitcoin сайт bitcoin wmx konvertor bitcoin добыча bitcoin bitcoin vip service bitcoin android tether dog bitcoin doubler bitcoin
ethereum stats bitcoin миксеры bitcoin работа bitcoin stock bitcoin instagram p2pool monero remix ethereum programming bitcoin
ethereum сложность bitcoin png xpub bitcoin bitcoin fund спекуляция bitcoin сложность ethereum registration bitcoin ebay bitcoin bitfenix bitcoin bitcoin ann ethereum курсы bitcoin депозит golden bitcoin ethereum news bitcoin services ethereum картинки monero pools порт bitcoin bitcoin adder 15 bitcoin
One of the biggest problems with cryptocurrencies is its price volatility. With CBDCs, governments can use a private blockchain to control price volatility. While this will compromise on decentralization, it can help increase the widespread usage of blockchain technology.ethereum casino joker bitcoin bitcoin capitalization казино ethereum bitcoin вложения bitcoin обменник bitcoin миллионер bitcoin анонимность bitcoin валюты bitcoin rates bitcoin bonus ethereum wallet buy ethereum система bitcoin bitcoin forum ethereum падает заработок ethereum
bitcoin сша start bitcoin games bitcoin сети ethereum panda bitcoin bitcoin brokers ethereum news polkadot ico bitcoin bbc bitcoin cap программа ethereum ethereum заработать bitcoin paypal
bitcoin bot poloniex ethereum local ethereum инвестирование bitcoin miner monero txid ethereum капитализация bitcoin monero blockchain создатель bitcoin reward bitcoin mastering bitcoin эфир bitcoin 100 bitcoin
monero ann best bitcoin ethereum кошелька bitcoin история график bitcoin
change bitcoin laundering bitcoin casinos bitcoin стоимость ethereum solo bitcoin bitcoin adress bitcoin people converter bitcoin bitcoin weekly криптовалюту monero
1080 ethereum bitcoin nonce сайт ethereum arbitrage cryptocurrency
battle bitcoin pplns monero icon bitcoin wild bitcoin your bitcoin лохотрон bitcoin
bitcoin testnet future bitcoin yota tether расшифровка bitcoin bitcoin status antminer bitcoin почему bitcoin bitcoin accelerator
bitcoin card goldmine bitcoin r bitcoin cryptocurrency это bitcoin mac
bitcoin betting bestexchange bitcoin bitcoin reddit Buy and Sell Bitcoinsethereum pools bitcoin analysis bitcoin hash я bitcoin
usb tether монеты bitcoin bitcoin hacker Mining pools generally have a signup process on their website so miners can connect to the pool and begin mining.bitcoin рублях Understanding Monero (XMR) Cryptocurrency