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Author Topic: How Blockchain Technology is Changing the World  (Read 62 times)
CryptoDamon
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June 21, 2018, 09:13:24 AM
 #1

What is Blockchain Technology?

“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed
to record not just financial transactions but virtually everything of value.”
Don & Alex Tapscott, authors Blockchain Revolution (2016)

Bitcoin's hype and popularity has risen when it reached its ATH last year December 2017. Many young investors' lives were changed due to the mooning
of bitcoin's value that is really unexpected. The incident invited a lot of new investors and players into the crypto space hoping that this ground breaking
phenomenon will happen again this year or the next few years. I am one of the believers of the technology of bitcoin and the blockchain when I first learned
and studied about it few years back and I'm really interested in knowing the benefits that the technology can offer in the future.

With my interest about the technology of the blockchain, I stumbled upon great innovations and benefits that really manifests blockchains importance to
the society. I just learned about this, so I wanted to share what I've learned to those who haven't read or discovered what blockchain can truly bring to
our society.

Cybersecurity

Guardtime – This company is creating “keyless” signature systems using blockchain which is currently used to secure the health records of one million
                   Estonian citizens.
REMME is a decentralized authentication system which aims to replace logins and passwords with SSL certificates stored on a blockchain.

Healthcare

Gem – This startup is working with the Centre for Disease Control to put disease outbreak data onto a blockchain which it says will increase the effectiveness
           of disaster relief and response.
SimplyVital Health – Has two health-related blockchain products in development, ConnectingCare which tracks the progress of patients after they leave the hospital,
                              and Health Nexus, which aims to provide decentralized blockchain patient records.
MedRec – An MIT project involving blockchain electronic medical records designed to manage authentication, confidentiality and data sharing.

Financial services

ABRA – A cryptocurrency wallet which uses the Bitcoin blockchain to hold and track balances stored in different currencies.
Bank Hapoalim – A collaboration between the Israeli bank and Microsoft to create a blockchain system for managing bank guarantees.
Barclays – Barclays has launched a number of blockchain initiatives involving tracking financial transactions, compliance and combating fraud.
                It states that “Our belief ...is that blockchain is a fundamental part of the new operating system for the planet.”
Maersk – The shipping and transport consortium has unveiled plans for a blockchain solution for streamlining marine insurance.
Aeternity – Allows the creation of smart contracts which become active when network consensus agrees that conditions have been
                 met – allowing for automated payments to be made when parties agree that conditions have been met, for example.
Augur – Allows the creation of blockchain-based predictions markets for the trading of derivatives and other financial instruments in a decentralized ecosystem.

Manufacturing and industrial

Provenance – This project aims to provide a blockchain-based provenance record of transparency within supply chains.
Jiocoin – India's biggest conglomerate, Reliance Industries, has said that it is developing a blockchain-based supply chain logistics platform
              along with its own cryptocurrency, Jiocoin.
Hijro – Previously known as Fluent, aims to create a blockchain framework for collaborating on prototyping and proof-of-concept.
SKUChain – Another blockchain system for allowing tracking and tracing of goods as they pass through a supply chain.
Blockverify -  A blockchain platform which focuses on anti-counterfeit measures, with initial use cases in the diamond, pharmaceuticals and luxury goods markets.
Transactivgrid – A business-led community project based in Brooklyn allowing members to locally produce and cell energy, with the goal of reducing costs involved
                        in energy distribution.
STORJ.io – Distributed and encrypted cloud storage, which allows users to share unused hard drive space.

Government

Dubai – Dubai has set sights on becoming the world's first blockchain-powered state. In 2016 representatives of 30 government departments formed
            a committee dedicated to investigating opportunities across health records, shipping, business registration and preventing the spread of conflict diamonds.
Estonia – The Estonian government has partnered with Ericsson on an initiative involving creating a new data center to move public records onto the blockchain. 20
South Korea – Samsung is creating blockchain solutions for the South Korean government which will be put to use in public safety and transport applications.
Govcoin – The UK Department of Work and Pensions is investigating using blockchain technology to record and administer benefit payments.
Democracy.earth – This is an open-source project aiming to enable the creation of democratically structured organizations, and potentially even states or nations,
                             using blockchain tools.
Followmyvote.com – Allows the creation of secure, transparent voting systems, reducing opportunities for voter fraud and increasing turnout through
                               improved accessibility to democracy.

Charity

Bitgive – This service aims to provide greater transparency to charity donations and clearer links between giving and project outcomes.
              It is working with established charities including Save The Children, The Water Project and Medic Mobile.

Retail

OpenBazaar – OpenBazaar is an attempt to build a decentralized market where goods and services can be traded with no middle-man.
Loyyal – This is a blockchain-based universal loyalty framework, which aims to allow consumers to combine and trade loyalty rewards in new ways,
             and retailers to offer more sophisticated loyalty packages.
Blockpoint.io – Allows retailers to build payment systems around blockchain currencies such as Bitcoin, as well as blockchain derived gift cards
                      and loyalty schemes.

Real Estate

Ubiquity – This startup is creating a blockchain-driven system for tracking the complicated legal process which creates friction and expense in
                real estate transfer.

Transport and Tourism

IBM Blockchain Solutions – IBM has said it will go public with a number of non-finance related blockchain initiatives with global partners in 2018.
                                        This video envisages how efficiencies could be driven in the vehicle leasing industry.
Arcade City – An application which aims to beat Uber at their own game by moving ride sharing and car hiring onto the blockchain.
La'Zooz – A community-owned platform for synchronizing empty seats with passengers in need of a lift in real-time.
Webjet – The online travel portal is developing a blockchain solution to allow stock of empty hotel rooms to be efficiently tracked and traded,
              with payment fairly routed to the network of middle-men sites involved in filling last-minute vacancies.

Media

Kodak – Kodak recently sent its stock soaring after announcing that it is developing a blockchain system for tracking intellectual property rights
             and payments to photographers.
Ujomusic – Founded by singer-songwriter Imogen Heap to record and track royalties for musicians, as well as allowing them to create a record
                 of ownership of their work.




Sources: https://blockgeeks.com/guides/what-is-blockchain-technology/
              https://www.forbes.com/sites/bernardmarr/2018/01/22/35-amazing-real-world-examples-of-how-blockchain-is-changing-our-world/3/
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June 21, 2018, 09:33:05 AM
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Despite the fact that most countries in the world haven’t introduced cryptocurrencies in the legal field yet, blockchain technology is actively used in the public sector. Estonia use blockchain in state registers, Belarus adopted a well-known Decree No. 8, Ukraine created a state blockchain auction, and Georgia plans to introduce the distributed ledger technology into the land cadastre. Let’s figure out other examples of blockchain application in the public sector and who can tell more about the issues than you can find on the Internet.

Blockchain in Estonia and e-Residency
When it comes to electronic registries, very important question is reliability and safety of data and security against hacking. This challenge was successfully coped by Estonia, which used blockchain technology to protect data of the registries, as well as for person identification for receiving government services through electronic ID cards.

In addition, the country has a virtual residence program e-Residency, which allows foreign citizens to use financial services in the country. In such a way, the country's authorities support the development of small and medium-sized businesses.


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June 21, 2018, 03:02:52 PM
 #3

Good one. I will be glad to see how the blockchain technology is implemented into elections some day. There was an attempt in Sierra Leona the last year but was made by a private enterprise, somehow guided by the government. Since I live in a really corrupted country, sometimes I think about how the blockchain tech could be implemented in here to stop all the corrupted-sell votes and stop the eternal circle we are trapped in.
How do you think it could be implemented? I mean, technologically speaking, there will be necessary to have some "miners" in order to verify the transactions (votes in this case). How would it help to fight corruption? Any ideas?
(I'm merit-off for the moment, but you deserve again for this compilation)

One last advice: if you are going to quote another site, it is better if you explain first what are you going to quote and from where, if not, you can be charged with plagiarism and get banned. Since I know you are not a plagiarist, I strongly recommend for you to write a Disclaimer first in which all the information you are going to use is detailed, as well as the reasons of why are you using this.

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CryptoDamon
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June 22, 2018, 07:12:41 AM
 #4

Despite the fact that most countries in the world haven’t introduced cryptocurrencies in the legal field yet, blockchain technology is actively used in the public sector.

That is why I really wonder why other countries that banned bitcoin focuses more on the negative side of the technology. They can take advantage on the benefits that they can get with the blockchain technology for the betterment and development of their economy.

Good one. I will be glad to see how the blockchain technology is implemented into elections some day. There was an attempt in Sierra Leona the last year but was made by a private enterprise, somehow guided by the government. Since I live in a really corrupted country, sometimes I think about how the blockchain tech could be implemented in here to stop all the corrupted-sell votes and stop the eternal circle we are trapped in.
How do you think it could be implemented? I mean, technologically speaking, there will be necessary to have some "miners" in order to verify the transactions (votes in this case). How would it help to fight corruption? Any ideas?
(I'm merit-off for the moment, but you deserve again for this compilation)

One last advice: if you are going to quote another site, it is better if you explain first what are you going to quote and from where, if not, you can be charged with plagiarism and get banned. Since I know you are not a plagiarist, I strongly recommend for you to write a Disclaimer first in which all the information you are going to use is detailed, as well as the reasons of why are you using this.


I guess when it comes to elections, as soon as voters picked their votes and it is already registered into the blockchain then there's no more room for changing it. This ensures a clean election with no fraud involve. We just don't know how this works and I'm also excited to see how would this go about when it comes to election process in different countries.
Thanks for supporting my posts, I really appreciate it mate!
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