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Author Topic: BLOCKCHAIN  (Read 130 times)
crypto trade guru...
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May 18, 2018, 09:53:14 AM
 #1

What are the various uses of blockchain? and how it can be used differently??
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Yusuke777
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May 18, 2018, 09:59:17 AM
 #2

For example, managing customer data.
Formonn
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May 18, 2018, 01:18:31 PM
 #3

What are the various uses of blockchain? and how it can be used differently??

Blockchain can be used for various things, such as businesses using it as a payment system to be able to trade around the world or perhaps healthcare facilities using it to create decentralized patient records. Just two of the most interesting applications for me personally.
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May 18, 2018, 02:00:51 PM
 #4

What are the various uses of blockchain? and how it can be used differently??

There are many uses and they are in progress, for instance, for medical records, for public enterprises... I recommend you to read the Chapter 9 of the 2018 Joint economic report of the US, they make a debate about crypto, about the blockchain tech and how it can be used: https://www.congress.gov/115/crpt/hrpt596/CRPT-115hrpt596.pdf

Also, it will give you a general idea of what are they thinking about regulations and how the blockchain tech is seen by the US Congress.

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HabBear
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May 18, 2018, 03:20:42 PM
 #5

What are the various uses of blockchain? and how it can be used differently??

Quite honestly, the various uses are limited only by our imagination. This is like asking the question "what are the various uses of the internet?" back in 1995. It's a wonderful question!

We're so early on in blockchain we haven't thought up or realized a fraction of how this technology will be used.

Currency is a great first application, obviously. But blockchain is a keeper and transactor of information. So think about how much information is exchanged for various business or societal activities? And then think about how valuable it would be to have a more secure and error free method to conduct those transactions of information? That's the best benefit of blockchain technology.

We have an exciting future ahead of us with this one!

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May 18, 2018, 05:57:01 PM
 #6

Blockchain is a way to keep data decentralized and safe from fraud, random failures and falsification. It may be used where there are high demands to security and stability of the system and database. Where there is high corruption, where it is necessary to process huge amounts of data quickly and cheaply, where anonymity is needed. Where it makes sense to use your own internal currency, as well as use ICO for raising money for development.
 
Banking operations, elections seem to be reasonable ways to use the blockchain. However, other areas also can take advantage of it, even if there is no special need for decentralization.
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May 18, 2018, 06:02:04 PM
 #7

BLockchain is ushering in a new frontier of collating digital information. It will be faster, stronger and ultimately the most efficient way of doing business in the future. Their will be unlimited applications for its use from payment solutions to protecting your identity. Pretty cool!

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May 18, 2018, 07:19:10 PM
 #8

What are the various uses of blockchain? and how it can be used differently??

as far as I know, Blockchain is a coding system technology. so, where codes are used, there is blockchain can be used.
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May 19, 2018, 04:43:49 AM
 #9

Blockchain is used in crypto-currency (obviously) but the original concept known as the distributed ledger was/is heavily used within banking industries. Blockchain, being a form of distributed ledger tech for the new digital age, has sparked interest in a variety of industries such as voting services, digital rights in the entertainment industry and healthcare record keeping services. These are only a few, take a look at some more here: https://www.inc.com/john-white/9-industries-that-will-soon-be-disrupted-by-blockchain.html

Cheers

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May 19, 2018, 05:58:16 AM
 #10

What are the various uses of blockchain? and how it can be used differently??
Blockchain - a sequenced chain of blocks containing information, built according to certain rules. Most often, copies of the chain of blocks are stored on a variety of different computers independently of each other, and its application is boundless.
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May 20, 2018, 03:34:41 PM
 #11

Since the incention of blockchain in 2008 a new era of financial services was born with the rise of bitcoin as the first decentralized cryptocurrency, without any central controller or bank influences. The stability of the currency is issued by the fact that a consensus of millions of computers are connected to the network, driven by market forces and natural liquid flow of money. Hence there is an unlimited application for the use of BLOCKCHAIN
 
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May 20, 2018, 03:37:23 PM
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The Blockchain is the latest buzzword that has now become a part of everyone’s vocabulary in this tech era. Blockchain is used to manage a database that records transactions of Bitcoin or any other digital cryptocurrency. It could also be called a Digital Ledger for those type of transactions. But every major trend and technology has its limitation. And one of the problems of blockchain technology is the scaling problem. As this technology is making its way into every field, one of the common questions asked by digital currency users is whether blockchain will run out of space or not. Over time blockchain’s technology use will increase and at some point the space will become a matter of concern.


Read more about the block chain here: https://www.bitcoinofamerica.org/blog/will-blockchain-run-space/
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May 20, 2018, 04:28:23 PM
 #13

Blockchain is a technology in the world of cryptocurrency that serves to reduce the falsification of existing data on projects that use this blockchain system.
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May 20, 2018, 05:01:58 PM
 #14

The blockchain is a continuously growing list of records. It is suitable for recording events, managing identity, documenting facilities, tracking food down to voting systems.
Any system that needs reliability without interference from any third party is an application for the blockchain.
Their use in money began with Bitcoin by Satoshi. Without the need for a government, or centralized system


 

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May 21, 2018, 04:49:31 AM
 #15

Blockchain is a ledger where transactions are transparan
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May 21, 2018, 04:51:54 AM
 #16

Blockchain is a decentralized  database

Now this may help you to learn the users quickly I hope

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May 21, 2018, 08:41:08 AM
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Blockchain is used in electronic money, which is used extensively in the banking industry, is a form of accounting technology distributed for the new digital age.
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May 21, 2018, 08:53:46 AM
 #18

Ethical business practices since blockchain makes it possible to track every transaction with complete transparency, businesses with a record of human rights abuses -- the fishing industry, for instance, -- will (hopefully) take on more ethical business practices. For more information, you may refer to this article

https://www.entrepreneur.com/article/305859
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May 21, 2018, 09:45:36 AM
 #19

Blockchain is a distributed database ledger which is characterized with decentralization, transparency and low cost. Right now, it has been used in gaming, financing, healthcare , logistics and so on.
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May 21, 2018, 09:54:24 AM
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The most important use is a way to transfer and store data without a central authority interfering or shutting it down.
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