Top Promising Blockchain Use Cases
In the upcoming fiscal years, Blockchain is going to be a big demand. That is the reason the demand for learning Blockchain technology has increased among freshers and tech enthusiasts. To become a blockchain developer students are preferring Blockchain certification courses these days. There are various use cases in Blockchain which proves why learning blockchain is a must. Here is a few blockchain used case which is used for enterprises and governments:
- Banking and Finance
- Digital Identity
- Energy and Sustainability
- Government and the Public Sector
- Healthcare and the Life Sciences
- International Trade and Commodities
- Media and Entertainment
- Real Estate
- Sports and Esports
- Supply Chain
Few Potential Blockchain use cases are as follows,
Proof of Existence :
- Demonstrating data ownership without revealing actual data
- Document timestamping
- Checking for document integrity
Supply Chain Management :
As items change hands over a supply chain from production to sale, the exchanges can be reported in a perpetual decentralized record — decreasing time delays, included expenses, and human mistakes with Blockchain.
Record Keeping :
Data inserted and hashed into secure blockchains like Bitcoin creates permanent and unforgeable information. Projects such as Tierion utilize the Bitcoin blockchain to make “blockchain receipts”.
Cloud Storage :
Blockchain distributed storage cloud enables the capacity to be decentralized and in this manner less inclined to assaults that can cause data loss and damage. Ex.STORJ, an internet filesystem.
Onename uses an ID system using Blockchain technology, used to create Blockchain ID’s, login to websites without any password.
Forecasting – Augur :
Augur is built on the Ethereum blockchain. The idea is to create a “predictions market”
Ascribe (Secure your work) :
Provides a lock in attribution, Certification of Authenticity, securely share documents, licensing of works.
Payments, KYC, reduction of frauds, trading platforms.
Blockchain and IOT :
Universal digital ledger, ADEPT (Autonomous Decentralized Peer-to-Peer Telemetry) a decentralized system of IoT gadgets, IBM Watson IOT, IOTA, Freight transportation, Log operational maintenance data,
Online voting, registering land, real estate, devising public policy. Also, countries like Dubai, Estonia, USA, Georgia uses Blockchain for Digital Passport, Identity management, e-voting, smart contracts, public archives and land registry.