Bitcoin Forum
June 22, 2024, 11:09:22 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: What other uses does Blockchain have aside from Cryptocurrency?  (Read 246 times)
migws
Jr. Member
*
Offline Offline

Activity: 65
Merit: 1


View Profile
December 03, 2019, 11:58:04 AM
 #21

Considering that cryptocurrency runs on the rather new blockchain technology and that seems to be getting all the craze nowadays as more and more new cryptocurrencies appear and the established ones get more value as time goes on. I’m rather curious, what other applications does blockchain technology have aside for cryptocurrencies
   
I keep on hearing people say that blockchain technology will change the world, is that really true and to what extent would it change the world?
   
With rather limited knowledge of blockchain that I have heard that blockchain technology can be used for transferring data more efficiently than our current methods of transferring data and that it can keep people’s identities a secret - probably who a lot of shady people use it in order to do shady things especially in the dark web and all the other dark places on the internet.
 
Are there any other uses of Blockchain technology for other fields of technology, I’m really curious to know more because, I, myself am not very knowledgable about this subject. Thanks for your input.


The blockchain works as an open database that cannot be changed. That is, data manipulation is excluded, which makes the blockchain super suitable for many structures in order to eliminate money losses associated with fakes and frauds. This is one way of using technology, but there are many more use cases.
tsaroz
Legendary
*
Offline Offline

Activity: 2982
Merit: 1069

https://listfaucet.com


View Profile WWW
December 03, 2019, 12:46:33 PM
 #22

Blockchain could the the backbone of IOT in the future. Our smart gadgets and devices needs to flawlessly contact with each other for our optimal comfort. Blockchain could be used for the communication. Blockchain is also being tested for autonomous driving cars, such open technology could be the key to build unhackable networks.

★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ Top 5 Crypto Faucets - Earn Crypto For Free! ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★
1. VieFaucet  ♥♥♥  2. Earnbitmoon.club ♥♥♥ 3. Feyyora.top  ♥♥♥  4. Coinpayz.com ♥♥♥  5. Adbtc.top
⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏⏏
imstillthebest
Full Member
***
Offline Offline

Activity: 1638
Merit: 122


View Profile
December 03, 2019, 12:48:36 PM
 #23

The blockchain works as an open database that cannot be changed. That is, data manipulation is excluded, which makes the blockchain super suitable for many structures in order to eliminate money losses associated with fakes and frauds. This is one way of using technology, but there are many more use cases.

we now use cryptos and cryptos uses a blockchain but did the frauds and fakes dissapeared ? no right ?

  they are still there  so id say that blockchain is not a solution to avoid them but i agree that by using a blockhain , our data's are now be safed and free from manipulation if the person is not authorized about  those data's  . this makes blockhain a good technology or a tool that can be use or will be useful in so many industries and fields  .
Spaffin
Full Member
***
Offline Offline

Activity: 1316
Merit: 108


View Profile WWW
December 03, 2019, 05:17:36 PM
 #24

The fact is that blockchain is a revolutionary technology that makes it possible to secure not only people's personal funds, but also their personal data.  Based on this, we can assume a very high-quality use of blockchain for medical purposes in order to preserve patient information, and each country can use this technology to create various kinds of state registries, and blockchain can also be used for the will of citizens, for elections or referenda.
enhu
Legendary
*
Offline Offline

Activity: 2492
Merit: 1018


View Profile
December 03, 2019, 05:32:24 PM
 #25



Blockchain is not just for data records that can't be altered. Its not even for privacy purpose since bitcoin transactions is actually for public. There is a thread here in the forum which were discussing about election system but since blockchain will record all, the system might just be revealing identity and who you will be voting which should just be private which I have no idea what else to to share with the user in that thread.

There are blockchain stores files, that should be something revolutionary, there were issues when storing bigger fails though. Over time I think the issue I think will also be solve with the innovations. There are more uses to discover what blockchain can do besides cryptocurrency, who knows the innovations will lead us to unify all countries.

██████████ BitcoinCleanUp.comDebunking Bitcoin's Energy Use ██████████
██████████                Twitter#EndTheFUD                 ██████████
Krislaw
Sr. Member
****
Offline Offline

Activity: 1204
Merit: 388


View Profile WWW
December 03, 2019, 06:55:16 PM
 #26

Blockchain can be used used for so many things and only few coins has use case for their coin. Most of the ICOs promised usecases but failed at the end.
Blockchain has so many use cases which include Fundraising(security token), Digital Identity, Real Estate, Airtime Recharge and so on.
DoublerHunter
Hero Member
*****
Offline Offline

Activity: 2590
Merit: 644


View Profile
December 03, 2019, 07:12:07 PM
 #27

There is a thread here in the forum which were discussing about election system but since blockchain will record all, the system might just be revealing identity and who you will be voting which should just be private which I have no idea what else to to share with the user in that thread.
^ Definitely right, blockchain can be used in the voting system to avoid fraud votes but there is one disadvantage on it that we must be considered. The publicly of the system and it might revealing your votes and probably the voter's life will put in danger. Therefore, blockchain will remain didn't fit to use in the voting system because of this problem. Nevertheless, on the other hand. This is most commonly used now in some gambling platform, they are using the blockchain system to collect data.
xiboothrezi
Sr. Member
****
Offline Offline

Activity: 1246
Merit: 285



View Profile WWW
December 03, 2019, 08:33:37 PM
 #28

Blockchain can be used without cryptocurrency, that's why China got interest on it due to it's system that able to do management in a smooth and clean transactions. As well the transparency it can give in datas. If it will be used by government it will leesen the doubt in their government and can help to allocate their funds in a rightful manner.
You are right, blockchain can be adopted in various types of work to improve utility and work efficiency so that the time and effort needed will be more efficient, this will later impact on the cost-effectiveness used. That is why, even if a country rejects and prohibits the existence of cryptocurrency, they can still accept the presence of the blockchain, because that is very helpful.

      ▄▀▀▀▀▀▄▄               ▄▄▀█
    ▄█        ▀▄         ▄▄▀▀   █
  ▄▀ ▐▌         █    ▄▄▀▀    ▄▄█
▄▀▀▀ █           █▄▀▀    ▄▄▀▀  █
▀▀▄█▌▌       ▄▄▀▀    ▄▄▀▀    ▄▄▀
   ▀▄█    ▄▀▀    ▄▄▀▀    ▄▄▀▀
     █   █                      ▄▄▄
      █ ▐▌            ▄▄       █   █▄
       █▀█         ▄▀▀ █        ▀▄ ▀██
       █  ▀▄     ▄▀   ▄ █         █
       █  ▄ ▀▄  █    █   ▀▀▀▄   █▀▀
      █  ▄▀  ▐▌█      █  ▄▀  █ ▐▌
  ▄███▄▄▀  ▄██▄█  ▄███▄▄▀  ▄█▄▄▄█
TFSM o v e   Y o u r   G a m e
T o   T h e   N e x t   L e v e l
|||████████
██
██
██
██
██
██
██
██
██
██
██
████████
.
JOIN NOW
████████
██
██
██
██
██
██
██
██
██
██
██
████████
s92225
Jr. Member
*
Offline Offline

Activity: 105
Merit: 1


View Profile
December 06, 2019, 10:06:51 AM
 #29

Many others, like insurance network, DAPP, web broswer, crypto exchanges , DEX
Eugenar
Sr. Member
****
Offline Offline

Activity: 1274
Merit: 278



View Profile
December 06, 2019, 12:12:40 PM
 #30

If you are to hover to different altcoin projects that are listed on the altcoin sections, there are different blockchain implementation wherein the blockchain technology was applied to various aspects other than cryptocurrency. For me, blockchain could also be used as a system for identities, and also in having a strict and secured voting system for election, as well as for other purposes where data should be strictly reliabile. Though, we already got its best implementation which is a currency, there is a possibility that we could still benefit allot from the power of encryption.
Danne87
Jr. Member
*
Offline Offline

Activity: 43
Merit: 1


View Profile
December 10, 2019, 12:53:21 PM
 #31

There is a thread here in the forum which were discussing about election system but since blockchain will record all, the system might just be revealing identity and who you will be voting which should just be private which I have no idea what else to to share with the user in that thread.
^ Definitely right, blockchain can be used in the voting system to avoid fraud votes but there is one disadvantage on it that we must be considered. The publicly of the system and it might revealing your votes and probably the voter's life will put in danger. Therefore, blockchain will remain didn't fit to use in the voting system because of this problem. Nevertheless, on the other hand. This is most commonly used now in some gambling platform, they are using the blockchain system to collect data.
this is about anonymity. But in general, using a blockchain for such purposes will be nice. Also, besides games, there is an example as a casino in which the% of victory will be honest. Well, similar games with a chance to win
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!