Blockchain technology has evolved considerably since it first started receiving attention in 2009. In this blog, you can explore the potential of blockchain and its current use cases in modern society ⤵️
Operational bottlenecks, data errors, and bureaucracy are a significant concern for the healthcare industry. Blockchain has several use cases in healthcare, including tracking drugs through the supply chain and managing patient data.
Companies are exploring the use of blockchain as a way to store digital health records. Such solutions can reduce overall expenses while also enhancing data privacy and accuracy.Musicians, video game creators, and artists in general often struggle to get the pay they deserve due to digital piracy, unfair relationship with third-party agencies, or simply by not being paid royalties that are due.
Moreover, centralized websites and Apps don't give users control over their data and often don't reward them according to the true value they bring to the platform. Blockchain-based decentralized applications take out the middleman, giving users the potential to enjoy reduced fees, better incentives, and greater transaction efficiency, while also being able to send and receive digital money.
“Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.”Blockchain and the Internet of Things are a natural match. Blockchain is decentralized technology and IoT networks are often used to collect data from sources that are scattered apart.
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