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Author Topic: How does blockchain technology on real world service work?  (Read 156 times)
SixOfFive
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July 17, 2018, 06:01:00 PM
 #21

Using Blockchain as a database Is a great solution to many problems. Blockchain can be used to secure the supply chain each product is given a tag thereby securing the chain. It also eliminates middlemen. The business partners can discuss and share the information directly with each other. The parties can also know about all the financial and physical information which helps to address the fraud, inefficiencies and find methods to solve them.

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shu_22
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July 23, 2018, 07:42:54 AM
 #22

A centralized database storage system, in your case, will be a bit more complicated if a very high number of data is suppose to be stored from different parts of the country. Many of the transaction informations can be manipulated if a 'strong' monitoring  body isn't present. Secondly, trust is an important factor for you to grow well and effectively. BLOCKCHAIN technology eliminates the possibility of theft by providing high level of security to the database which can be looked upon anytime by high level managering services.

For more help and development of your services using blockchains, you can contact us at https://www.digixhub.com/schedule-a-demo/
RyhaniFoyej
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July 23, 2018, 01:28:41 PM
 #23

How does the blockchain technology apply to the real world service? If I would like to have a blockchain technology on a supply chain service, which means under this technology, each block contains all the logistics information like storing a transaction from Singapore to Hong Kong right? So then it is just act like a database but just public can view it? then why should I necessary to develop such a service on blockchain but not continue using centralized database technology, only allow permission for beneficial stakeholders?

Please correct me as I am having a very messy concept on this topic right now.... Thank you~!
Blockchain is a kind of wallet which was discovered only for Bitcoin transactions as bitcoin is the first digital currency which can be traded in online.  But now-a-days Bitcoin, Ether, Bitcoin Cash can be traded by blockchain.
Like paper money and gold before it, bitcoin and ether allow parties to exchange value. Unlike its predecessors, it is digital and decentralized. For the first time in history, people can exchange value without intermediaries which translates to greater control of funds and lower fees.
furkanndemirbas
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August 02, 2018, 06:38:13 PM
 #24

In Market Research industry, survey.expert adopts blockchain into data protection and preventing data manipulation. It is actually a market research startup based in Cologne.
MeganRice1212
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August 03, 2018, 09:18:49 AM
 #25

With blockchain technology, in fact, it's a block, and people who exploit it will get an individual reward that is usually bitcoin or some coin. Blockchain technology can help users to anonymize their information.
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