There is no doubt that "blockchain" has become a buzzword in the technology industry, but in fact, how much do you know about the practical application of blockchain technology? You may know that blockchain is the technology behind Bitcoin, but it can also completely change the way several other industries operate. When it comes to the potential of blockchain, Bitcoin is just the tip of the iceberg. In fact, for blockchain and cryptocurrency insiders, Bitcoin is a bit outdated. Other tokens, such as Ethereum 4.0 and EOS 3.0, have proven to be more efficient, their transaction speed is faster, and mining costs are greatly reduced. But what practical use is there for blockchain? Let's take a look at what this technology can do and how it will affect many aspects of our daily lives.
To see one of the main applications of blockchain, in addition to cryptocurrency, you can look at the largest online retailer whose name starts with A, and he is approaching a trillion-dollar stock market valuation. I speculate that blockchain technology has potential uses in the field it dominates. This technology allows you to track goods from the factory to the table. What is this for? It creates a defined framework that can accurately track the goods that reach consumers, reduce human error, reduce theft, and be more accurate; in essence, blockchain can easily improve the logistics of food, goods and even services Management, from the company to the end consumer. One of the main threats to retail costs is insider theft. This threat can be compensated by using a blockchain ledger throughout the delivery process, which in turn will reduce the risk and cost of the enterprise. In this case, the ideal use of the blockchain will be a super-categorized fabric framework, also known as a private blockchain. Private blockchain is a technology built entirely for private use organizations.
medical insurance:We all know (even though we may not have direct experience) how disconnected the medical system is in times of considerable need or crisis; by safely providing important medical data and history between two institutions, blockchain can be a solution A seamless solution to this problem. The storage and transmission of patient data through the blockchain means that medical service providers will be able to obtain a complete record of the patient's medical history. The doctor will know all the information needed to treat the new patient, thus eliminating the possibility of human error like memory loss or missing files. In an emergency, the rapid spread of important medical information may mean the difference between life and death.
Recruitment:Just hired a new employee? Have you read their recommendation letter? Are you sure they are the one they are talking about? Well, an accurate ERC20 public blockchain record is exactly what you need from their previous employer, for example, to ensure that the reference material they provide has not been changed, or that the phone number they provide does not belong to the new candidate. friend. Ultimately, this is protection against fraud. In the recruitment process, discrepancies and fraudulent claims are common, reportedly as many as 85%. As a professional from the recruitment industry, I can tell you this is true. Problems like this can cause huge costs to the entire industry, such as failed placements, wasted training, wasted time, and reduced productivity. However, if blockchain is used, the future of hiring will look more honest. When considering the true cost of failed resettlement, blockchain provides a very compelling solution with a very high return on investment.
A decentralized ecosystemLet us speculate and try to understand how the blockchain will develop in the future. Imagine that in a decentralized online ecosystem, daily users can directly interact with anything without any intermediaries, such as social networking sites or retail platforms, because the blockchain can provide reliable interaction and provide all the needs Credibility, so as to make accurate decisions. Sounds like a pie in the sky? Well, take your fork and put on your jetpack, because technology will eventually remove you and many brands I know. You can conduct direct transactions in every field and on every possible demand.
One thing you can be sure of: Blockchain will continue to exist, and most of the largest brands in the world are quickly finding the best way to use the characteristics of this technology to ensure them in a blockchain-driven world s future.
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