Blockchain is not only virtual currency


Posted On Nov 21 2017

In life-and-death settings, the lack of reliable data and sluggish interfaces may prove devastating. The Essentia framework addresses all these issues by using a blockchain-powered system that will store clinically relevant patient data and which can be immediately accessed, regardless of geographical borders. Patient privacy is maintained on a secure decentralized network where access is granted to only those who are medically authorized and only for the duration needed.

Entertainment blockchain examples : SpotifyWhen Spotify acquired blockchain startup Mediachain Labs it was to help develop solutions via a decentralized database to better connect artists and licensing agreements with the tracks on Spotifys service.

Blockchain in retail : WarranteerA blockchain application that allows consumers to easily access info regarding the products they purchased and get service in the case of product malfunction.

Logistics and supply blockchain cases : De BeersDe Beers mines, trades and markets more than 30% of the worlds supply of diamonds. The company plans to use a blockchain ledger for tracing diamonds from the mine to the customer purchase. This transparency will help the industry and anybody who wishes to verify, confirm diamonds are free from conflict. Fura Gems also plans to use blockchain in its supply process of emeralds, rubies and other precious stones.

Insurance : Proof of insuranceNationwide insurance company is currently testing a blockchain solution to provide proof-of-insurance information called RiskBlock. Ultimately, when this tool is fully deployed it will help law enforcement, insured and insurers verify insurance coverage in real time and accelerate claims processing.

Healthcare blockchain cases : GemWith a goal to give patients control over their medical records and genomic data by using a blockchain solution, Gem has also partnered with Centers for Disease Control and Prevention to experiment with using blockchain to monitor infectious diseases.

Realestate applications of blockchain : BitPropertyUsing blockchain and smart contracts, BitProperty wants to democratize opportunity and create a decentralized society by allowing anyone anywhere in the world (except the U.S. and Japan due to regulatory concerns) to invest in real estate.

Ukraine holds the honor of becoming the first nation to use blockchain to facilitate a property deal. A property in Kiev was sold by prominent cryptocurrency advocate and TechCrunch founder Michael Arrington. The deal was enabled with the aid of smart contracts on the Ethereum blockchain, and is intended to be the first of many completed by Propy, a startup specializing in blockchain-based real estate deals.

More examples at https://www.leewayhertz.com/blockchain-use-cases/ – LeewayHertz Blockchain Developers.

Last Updated on: February 23rd, 2019 at 1:35 pm, by DuncaG


Written by DuncaG