The characteristics of blockchain technology allow it to be used in various sectors. In the sections that I am going to mention, the blockchain lives its present and its future.
Here are all Types of Blockchain Used on the Internet.
Banking
The banking sector was the first to dare to incorporate the blockchain into its operating processes, which are very complex.
The blockchain has the ability to facilitate the commercialization of some banking products, providing speed in operations and avoiding fraud.
Insurance
Blockchain technology also offers more efficient management of premium payments and collections.
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In addition, you can reduce operational and logistics costs by streamlining various processes. Also, the blockchain is really useful to detect fraud and provides important transparency to actions.
Telecommunications
The blockchain offers several advantages related to authentication and security. This makes the blockchain a future telecommunications service provider.
In the near future, the blockchain will intervene in network and business management, helping to improve the competitiveness of companies and customer satisfaction.
Manufacturing
Blockchain technology allows several companies linked to the same logistics process to more effectively and complete traceability of each stage of a product. Also, the convenience of smart contracts improve productivity and therefore logistics processes.
Medicine
The medical industry can also take advantage of the multiple benefits of blockchain. Thanks to this technology, the traceability of medicines can be followed more easily.
And this is not all, it also allows direct and complete access to medical records of patients, and treatments, among others. The blockchain will make the relationship between patients and staff much more direct and personalized.
Company Audit
The characteristics of the blockchain have made it an alternative for the audit of companies. Traceability and transparency allow any organization to be audited without the need to interfere with ongoing business processes.
Content Creators
Thanks to the blockchain, journalists and social communicators can get information to people without having to have a media outlet as an interlocutor.
In addition, content creators (who are not exactly journalists) are gaining relevance and much more money with the creation of their content.
An example of this is the use of the Steemit platform (which is based on blockchain), which allows its users to receive payments in cryptocurrencies.
Public Administration
Many governments around the world have dared to use blockchain technology to encourage a more decentralized national public administration and also to improve the experience of employees and citizens.
Estonia, a country in Baltic Europe, is currently known as the most digital country in the world. There, the blockchain is used to store fiscal information that is related to the national productive sector and the health of citizens.
Another example is Australia, whose government uses the blockchain for security, communication, and logistics activities.
Online Sales
The blockchain allows applications such as OpenBazaar (a platform that connects buyers directly with sellers) to be used without problems.
Banks, if they want, can become technology companies with transactional software services, and technology companies can start developing platforms with banking features that are totally unbanked.
Phone companies could also mutate into media and identity management companies.
Copyright
Authors have the possibility, thanks to the blockchain, to have more control over the unauthorized use of their works.
Platforms such as CoalaIP, Mediachain, Monegraph, among others, store images and audio owned by users in databases that speed up the automatic distribution of said works after receiving an agreed payment.
The blockchain allows authors to know when their works are being used, keeping track of the intellectual property of their works.
Final Words
These are all the All Types of Blockchain Used on Internet. We hope that you liked the article. Thanks for visiting.
