Blockchain in business: How will it shape the future?

Blockchain technology is one of the most talked-about technologies in recent times. Many experts believe that it could shape the future of businesses.

What is blockchain?

Blockchain is just a list of records, called blocks. Each block contains data, which can be anything from transactions to other valuable information.

How blockchain can revolutionize the healthcare industry

Blockchain technology could change medicine as we know it today. Fast and secure database access, transparent patient records, and unified health data structure are just a few things that blockchain could provide our doctors with.

How blockchain can solve the problem of electoral fraud

Electoral fraud is one of the most deadly problems in countries with low-security elections. Because votes are cast on paper ballots, it’s easy for someone to tamper or directly replace votes if they manage to get their hands on a few ballots.

How blockchain can change the payment system

Bitcoin was created to reduce the costs of banking transactions by eliminating middlemen and decentralizing payments between users. However, it soon became clear that Bitcoin transactions are even more expensive than regular bank transfers.

Blockchain and the manufacturing industry

Blockchain can be used to track the production of assets across the whole supply chain management, which would allow companies to stop overselling and improve customer satisfaction.

How blockchain can revolutionize the public sector

Most countries around the world face budget crisis and increasing demand for transparency in public spending. Blockchain technology could not only decrease costs of public administration but also help to track how tax money is spent.

Blockchain and financial sector

Although cryptocurrencies got a reputation of highly volatile unregulated assets, it might be possible that governments will start regulating them in the future.

Blockchain in the coming days

blockchain has been mostly associated with cryptocurrencies and ICOs. However, the technology is still in its infancy – it’s only starting to be used for real-world applications.

What can we expect in the future?

blockchain has proven to be something more than just a fad. Although it’s still in its infancy and we can’t even imagine all possible use-cases, there are already many possible uses for blockchain.