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Author Topic: Impact of blockchain on other sectors!!!  (Read 87 times)
Issa56
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August 23, 2021, 12:51:08 PM
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The systematic method of capturing or saving information that cannot be destroyed, hacked, or modified is known as blockchain. Because of the rapid expansion of bitcoin, many people are familiar with blockchain. Many people believe that blockchain is just applicable to bitcoin, which is incorrect. Other industries have adopted blockchain, and it has had a favorable impact on those industries. The following are some of the most important blockchain concepts:
1. Incognito with transparency
2. Peer-to-peer exchange
3. Safety and security
4. Logic for data accumulation

The impact of blockchain technology on the educational system.
I believe blockchain have a significant impact on the educational sector in the near future. I believe blockchain can be used for a variety of tasks in the educational system that will make work easier, more accurate, and secure, such as:
1- file storage: if institutions want to store files or keep records of their students, this will inevitably take up space, and saving all of this information on hard drives will be prohibitively expensive. Blockchain-based cloud storage services, in my opinion, are an alternative storage solution for securing your content.
2- File storage: If institutions wish to save files or preserve records of their students, this will take up space, and putting all of this information on a hard drive comes with a danger of losing files or data. Blockchain-based cloud storage services, in my opinion, are an alternative storage solution for securing your content.
3- Lessons: Many blockchains also enable smart contracts, which means that a teacher can design lessons in a blockchain and have them begin whenever certain conditions are met. Teachers can assign a work to their pupils, and once the task is done and verified by a Blockchain smart contract, payment can be made, and the kids will be rewarded.
4- Copy right protection: I feel that plagiarism is one of the academic sector's concerns, and that plagiarism is a serious offense. Plagiarism is when you take someone else's idea or work and claim it as your own. Academic material will be freely accessible and unchangeable thanks to blockchain. A meterial's owner can be provided.
5- publishing: I believe that students and teachers constantly generate materials, and that publishing them is difficult. I believe that blockchain can help both students and teachers easily publish new writings while also protecting them from being hijacked.
So, based on my research, I feel blockchain has had a beneficial impact on the educational industry because your information is now secure and protected, task stress is reduced, and plagiarism is reduced significantly.


The health-care industry has also been affected by blockchain. I feel that blockchain has aided the health-care sector in a variety of ways, including the following.
1- Medical records storage: Because blockchain is primarily concerned with the security of information, it has proven to be extremely beneficial to the health sector in terms of record storage. As a result, all medical records are now stored in blockchain for security and to avoid record loss, and they are organized in an orderly and simple manner.
2- Data base monitoring: Blockchain has greatly aided in the data base monitoring of patients' information because it maintains track of each and every patient's information or health records.
3- Keeping track of a patient's health status, type of illness, and medicines. So that when the patient returns to the hospital, they will know where to continue their treatment and whether or not they have improved.

I'd like to discuss the blockchain impact on financial services sector's. Financial service technology can simply be defined as an entity that assists retail and business consumers with their financial needs.
I feel the following are areas where blockchain has had a good impact on the financial services sector:
1- Payment: Blockchain offers a highly secure and cost-effective method of conducting payments that eliminates the need for a middleman. Most individuals are starting to accept bitcoin as a payment method instead of other payment methods, which has benefited financial services since blockchain payments are less stressful, which is highly important in the financial services industry because payments can be made at any time and for a low cost.
2- Accounting: Accounting is the practice of storing information for future use. Blockchain is mostly used to store and secure personal or organizational information or records. Blockchain has greatly aided the financial sector in maintaining and securing transaction records and data.
3- low-cost and quick: Blockchain transactions are extremely deceptive. Transaction fees are extremely low, and transactions are extremely quick, which has greatly aided the financial services sector. Transactions can be made in large numbers with very little transaction fees and very quickly.
4- Fraud is minimized: Because customers' identities (kyc) are collected and maintained on a decentralized blockchain, blockchain has significantly reduced fraud in the financial sector. It is very simple and safe to keep information about your consumers using blockchain technology. Which can then be shared between two or more financial sectors, reducing fraud because your data or information is already stored in a database.


The blockchain has a favorable impact on the real estate market.
When discussing real estate, it is necessary to discuss land, buildings, and other infrastructure both above and below the surface of the earth.
In the following aspects, I believe blockchain will have a good impact on real estate:
1- market place: Real estate is essentially about marketing and connecting buyers and sellers of real estate. There is a new way to trade with Blockchain, and it allows for new dais to facilitate transactions.
2- No middleman: In the real estate industry, there are a few key players, including layers who act as a middleman and a bank.
I anticipate a new platform will be developed very soon that will mostly be used for payment and correct documentation.
Because middlemen are always cut off, blockchain will absolutely remove the usage of lawyers and banks, cutting off middlemen and allowing property owners and buyers to have complete funds.




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TheNineClub
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August 23, 2021, 01:09:01 PM
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all valid points. However, what I really like is that without crypto and the interest crypto has with the broader audience is what propelled blockchain to faster development and more widespread use than it would be if that did not happen. I for one would like to see what blockchain can do across the board and not just the financial secotr.

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August 24, 2021, 03:06:17 AM
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I for one would like to see what blockchain can do across the board and not just the financial secotr.
Aside from financial sector, blockchains have already move to different areas or sector. There are some platforms offered or using blockchain on their services. Even using on playing in game currency that later on van be converted into real money.

But OPs post is great. But I do suggest to make your post as neat and short as possible. Cause some wouldnt migjt read it.

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August 24, 2021, 03:18:15 AM
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Warehouse Management Application of Blockchain Technology:
The traditional management is decentralized, each manages its own, and transaction data records are not shared externally. The advantage of blockchain technology lies in distributed accounting management, which connects every point in the supply chain, such as manufacturers, distributors, bosses, and customers; and connects the boss, warehouse management, procurement, sales, and finance of the enterprise. .

Each role stores all transaction data and records in the network, which can be shared and viewed by everyone. After the data record is saved, it cannot be modified without the approval of all parties.

In addition, blockchain technology can track each product, eliminating irregular operations by irregular personnel.
The application of blockchain technology effectively controls the entire traceability, security, anti-counterfeiting, anti-channeling, tracking and query of goods.

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August 24, 2021, 03:29:28 AM
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 #5

The systematic method of capturing or saving information that cannot be destroyed, hacked, or modified is known as blockchain.
Wrong.
Blockchain refers to a "chain of blocks of data", whether or not it could be hacked, modifier, etc. depends on the system that creates and protects this data-chain and the cryptography that was used. For example we have Bitcoin where the system is decentralized and secure which has also made the "bitcoin blockchain" immutable. At the same time we have altcoins such as ETH, BCH, XRP and many more that are centralized, insecure and have mutable blockchains.

As for the rest, I think you are exaggerating a lot. Many of the sectors you mentioned have no use for the blockchain technology such as medical records. Although that hasn't stopped scammers from creating fake tokens claiming to do this before they died shortly after.

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August 25, 2021, 03:28:09 PM
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I think blockchain can affect the direction of funds in the industry,Many traditional companies are intertwined, and some leaders are already corrupt,At least blockchain can solve the flow of funds and reduce corporate corruption and corruption in an open and transparent way.

In the company I used to work for, the leadership withholds bonuses and salaries of grassroots employees, which hinders the foundation of cooperation between the grassroots and the company for a win-win situation.

The company cannot retain people and cannot expand the company, which has hindered the promotion of grassroots employees.If there is no new idea to convey new ideas and ideas to the company, the company will be sucked by these older and qualified senior leaders, and eventually the company will be ruined and collapsed.

This is also one of the reasons why I personally don't stay in the traditional industry to develop.

I can dance like a butterfly every day
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