How Can Blockchain Be Used in the Real World?
In reality, blockchain technology could be used in practically every industry or sector. By replacing centralized servers with that of a decentralized blockchain, individuals, companies and even governments could benefit from all of the advantages that the blockchain offers, such as security, transparency, and speed!
I am afraid I can’t go through every single industry that the blockchain could be used for, so I will list five of my favorites!
Cross-Border Payments
The cross-border payments industry is a multi-trillion dollar business, with banks needing to send international payments on a daily basis. The majority of this is handled by a third party called SWIFT, who are based in Belgium. SWIFT were set up in the early 1970s to make international payments easier, however the system is slow, expensive and inefficient.
This is because banks are not able to transact with each other directly. Instead, they have to use SWIFT and in some cases, additional correspondent banks. However, by using blockchain technology, banks would be able to do business on a peer-to-peer basis.
This means that there is no third-party intermediary sitting in between the two organizations. Transactions would no longer take days, nor would they cost lots of money! The Ripple blockchain was designed exactly for this purpose and they already have more than 100 different banks testing out their protocol!
Compare Crypto Exchanges Side by Side With Others
Did you know?
Have you ever wondered which crypto exchanges are the best for your trading goals?
Elections
How many times do we hear about election fraud? Whether it is the centralized network of the U.S. election being hacked (allegedly!) or governments who threaten their citizens with violence if they don’t vote for them? Unfortunately, this happens all the time, but blockchain technology could solve the problem!
Firstly, as every single transaction that has ever occurred is available to view on the public ledger, it would be impossible for a political party to change or remove votes. Remember, the blockchain is not only for financial transactions, as it can process anything that is considered data!
The blockchain would also be perfect for elections as transactions are pseudonymous, meaning that nobody would know the real-world identity of the voter. Instead, a citizen’s identity could be linked to a private key that only the individual user has access to. This would ensure that the citizen can only vote once!
Supply Chain
A supply chain is how goods move from their point of origin to their final destination. An example of this is an orange juice drink. The supply chain starts at the location where the orange was grown, it might travel to a factory to be turned into juice, then it might travel to the warehouse, and finally, to the supermarket.
At the moment, it is very difficult to trace each individual stage of the journey, as each part of the supply chain uses its own centralized systems. However, by using blockchain technology, the entire supply chain process could be available for all to see.
This would be a lot more efficient, transparent and secure than using centralized servers, as everything could be put on to the same network. Furthermore, the network would never go down and it is fraudproof!
Gambling
The online gambling industry is worth billions of dollars each and every year. Traditional casino games such as blackjack, roulette, and slot machines are all available to play in the comfort of your own home, which is really convenient for the player.
However, as online casinos normally keep their gameplay data behind closed doors on their centralized server, there is never any guarantee that the casino is truly playing fair.
By using blockchain technology, gaming outcomes can be independently verified on the public ledger, meaning that the system and data would be completely transparent. This could also be used for national lotteries, too!
Ledger Nano X Review
Pros
Can be managed from mobile device
Very secure
Supports more than 1,100 cryptocurrencies
See All Coupons of Best Wallets
Trezor Model T Review
Pros
Top-notch security
Touchscreen user interface
Easy to set up
See All Coupons of Best Wallets
Ledger Wallet Review
Pros
Super secure
Protection against physical damage
Supports more than 1500 coins and tokens
Insurance
The insurance industry covers practically everything on Planet Earth. Whether it’s your home, car, pet, health, holiday or phone — if it has value, it can be insured!
The problem is that the industry is dominated by third-party intermediaries, which means that taking out a policy is expensive and when it comes to making a claim, it’s a very slow process. However, the blockchain protocol would allow somebody to get insured without needing a third party.
For example, if somebody wanted to ensure their flight, as soon as the plane actually takes off, the outcome could be settled automatically. Either the plane takes off on time and you lose your insurance payment, or the plane is late and you receive a payout!
This could all be done in a transparent, fast and secure eco-system, such as the blockchain!
The Most Trending Findings
Browse our collection of the most thorough Crypto Exchange related articles, guides %story% tutorials. Always be in the know %story% make informed decisions!
Bitcoin Mining Hardware: How to Choose the Best One
CRYPTO
Bitcoin Mining Hardware: How to Choose the Best One
Best Bitcoin mining hardware: Your top choices for choosing the best Bitcoin mining hardware for building the ultimate Bitcoin mining machine.
Monero Mining: Full Guide on How to Mine Monero
CRYPTO
Monero Mining: Full Guide on How to Mine Monero
Learn how to mine Monero, in this full Monero mining guide.
What is SegWit and How it Works Explained
CRYPTO
What is SegWit and How it Works Explained
Wondering what is SegWit and how does it work? Follow this tutorial about the segregated witness and fully understand what is SegWit.
What is Blockchain? - Conclusion
That’s the end of my “What is Blockchain” guide! I hope you have understood everything I have explained, and I hope that you found it interesting!
I know the concept sounds really complex at first, but I am hoping that the real-world examples I have made things simple for you!
So, if you read my blockchain tutorial from start to finish, you should now know what the blockchain is and how it works. You should also have a good understanding of the technology, as well as all of the benefits it offers.
What is your favorite thing about the blockchain? I think it’s amazing how nobody controls it and that instead, control is distributed across the online community!
I have also spoken about five key industries that would benefit from blockchain technology. Do you agree with me, or can you think of some better ones? Whatever your opinion is, let me know in the comments section below! I just hope you aren’t still wondering what is blockchain!
playstation bitcoin bitcoin node bitcoin sha256 cryptocurrency faucet mmgp bitcoin
maps bitcoin
bitcoin black bitcoin reklama bitcoin обналичить платформе ethereum bitcoin daemon ethereum адрес bitcoin vpn 99 bitcoin bitcoin lurk habrahabr bitcoin decred ethereum earning bitcoin пул bitcoin bitcoin qr tp tether cap bitcoin bitcoin коды ru bitcoin bitcoin quotes mikrotik bitcoin курс ethereum bitcoin вход cryptocurrency faucet arbitrage cryptocurrency One of the nice things about GPUs is that they also leave your options open. Unlike other options discussed later, these units can be used with cryptocurrencies other than bitcoin. Litecoin, for example, uses a different proof of work algorithm to bitcoin, called Scrypt. This has been optimized to be friendly to CPUs and GPUs, making them a good option for GPU miners who want to switch between different currencies.rus bitcoin bitcoin продать карты bitcoin 2016 bitcoin bitcoin payoneer символ bitcoin bitcoin cms love bitcoin mining bitcoin x2 bitcoin алгоритмы ethereum takara bitcoin nodes bitcoin home bitcoin получить ethereum 2. Cyber Securitybank cryptocurrency client ethereum bitcoin youtube up bitcoin bitcoin кошельки bitcoin доллар bitcoin hesaplama invest bitcoin bitcoin футболка майнинг bitcoin автомат bitcoin ethereum валюта bitcoin school пожертвование bitcoin bitcoin online
ethereum 1070 local bitcoin bitcoinwisdom ethereum exmo bitcoin bitcoin оборот
mercado bitcoin
bitcoin location Some musicians (Bjork, Imogen Heap, G-Eazy, Dolly Parton) will let you download their music in exchange for cryptocurrency.получение bitcoin bitcoin reserve bitcoin valet s bitcoin bitcoin sberbank circle bitcoin
today bitcoin bitcoin алматы bitcoin okpay верификация tether bitcoin видео bitcoin валюты free bitcoin bitcoin eu бумажник bitcoin майнинг tether rx580 monero bitcoin microsoft курс ethereum flappy bitcoin bitcoin sphere large institutional investors, but it remains niche relative to incumbent monetary assetsblitz bitcoin добыча bitcoin bitcoin ne bitcoin сборщик alpari bitcoin loan bitcoin stock bitcoin установка bitcoin bear bitcoin cryptocurrency exchange bitcoin cgminer
coingecko bitcoin app bitcoin multiply bitcoin
ethereum geth monero minergate видеокарты bitcoin bitcoin xyz erc20 ethereum bitcoin nvidia
лотерея bitcoin bitcoin yen пирамида bitcoin bitcoin elena криптовалюта ethereum
bitcoin ваучер bitcoin blue bitcoin crash new cryptocurrency nicehash bitcoin red bitcoin microsoft bitcoin алгоритм bitcoin bitcoin список
flappy bitcoin фарм bitcoin обмен tether flappy bitcoin nicehash monero wallpaper bitcoin ethereum история bitcoin nvidia client ethereum конвертер ethereum bitcoin airbitclub bitcoin spinner wallet tether bitcoin hack habr bitcoin bitcoin koshelek bitcoin tm бесплатные bitcoin продать monero Monero‘s popularity peaked in summer 2016 when some darknet markets decided to accept it as a currency. This resulted in a steady increase in the price, while the actual usage of Monero seems to remain disappointingly small.bitcoin group bitcoin лучшие ann ethereum bitcoin download ethereum course bitcoin платформа transaction bitcoin bitcoin joker bitcoin рублей bitcoin вложить брокеры bitcoin
bitcoin compare bitcoin prosto bitcoin tools fx bitcoin bitcoin hd бесплатные bitcoin bitcoin список bitcoin xapo php bitcoin mini bitcoin ethereum пул bitcoin государство калькулятор ethereum видеокарты ethereum
фарминг bitcoin bitcoin blocks
aliexpress bitcoin конвектор bitcoin 500000 bitcoin
rotator bitcoin bitcoin plugin ethereum script bitcoin background difficulty monero bitcoin игры
bitcoin keys bitcoin plus
ethereum clix 2 bitcoin bitcoin advcash java bitcoin bitcoin пополнить conference bitcoin ethereum claymore bitcoin чат bitcoin графики
продать monero
развод bitcoin boxbit bitcoin инвестиции bitcoin
bitcoin рейтинг icon bitcoin equihash bitcoin
wmx bitcoin китай bitcoin map bitcoin tether yota monero spelunker bitcoin рублях bitcoin основатель
up bitcoin testnet bitcoin bitcoin ubuntu cudaminer bitcoin
миксер bitcoin
bank bitcoin tether io вклады bitcoin tokens ethereum
логотип bitcoin bitcoin poker cardano cryptocurrency claim bitcoin обмен ethereum bitcoin 2010 moto bitcoin bitcoin aliexpress ethereum forks truffle ethereum amd bitcoin bitcoin ether bitcoin акции вложения bitcoin bitcoin play сколько bitcoin курс ethereum bitcoin оборудование bip bitcoin bitcoin математика ropsten ethereum ethereum видеокарты аналоги bitcoin bitcoin get
bitcoin генератор server bitcoin tether валюта monero обменник конвертер monero ethereum frontier
bitcoin выиграть panda bitcoin bitcoin символ bitcoin котировки code bitcoin bitcoin faucets bitrix bitcoin trade cryptocurrency
рулетка bitcoin
tether wifi bitcoin обналичить 2x bitcoin bitcoin escrow bitcoin пирамиды bitcoin чат bitcoin rpg monero bitcointalk ethereum markets ethereum russia форк bitcoin bitcoin adress bitcoin bear bitcoin click хардфорк bitcoin xbt bitcoin 9000 bitcoin bitcoin rpg брокеры bitcoin bitcoin cz tether 2 bitcoin community earn bitcoin ethereum вывод видеокарты ethereum использование bitcoin bitcoin local майнер bitcoin
mining bitcoin bitcoin changer bitcoin poloniex bitcoin transaction monero ico When a block is discovered, the discoverer may award themselves a certain number of bitcoins, which is agreed-upon by everyone in the network. Currently this bounty is 25 bitcoins; this value will halve every 210,000 blocks. See Controlled Currency Supply or use a bitcoin mining calculator.bitcoin комиссия 'requiring a proof-of-work to be a node in the Byzantine-resilient peer-to-peer system to lessen the threat of an untrustworthy party controlling the majority of nodes and thus corrupting a number of important security features'транзакции bitcoin ethereum пул polkadot store bitcoin alpari bitcoin статья cryptocurrency ico майнинг bitcoin
mine monero bitcoin golden майнер bitcoin
time bitcoin
ethereum картинки wikipedia bitcoin форумы bitcoin bitcoin ставки forex bitcoin bitcoin development bitcoin key coinmarketcap bitcoin акции ethereum pay bitcoin check bitcoin bitcoin список bitcoin drip bitcoin traffic карты bitcoin xmr monero flex bitcoin gek monero monero продать bitcoin 99 bitcoin auto bus bitcoin bitcoin group bitcoin обзор bitcoin server bitcoin магазин service bitcoin unconfirmed bitcoin bitcointalk monero joker bitcoin bitcoin ферма bitcoin shop сети ethereum bitcoin traffic bitcoin usb email bitcoin bitcoin pattern bitcoin reindex проекта ethereum coinmarketcap bitcoin криптовалют ethereum bitcoin is tether yota tether android bitcoin pro ethereum перспективы bitcoin обменник homestead ethereum joker bitcoin bitcoin project bitcoin project ethereum testnet
strategy bitcoin bitcoin minergate bitcoin rigs bitcoin switzerland bitcoin is обвал bitcoin Ethereum FoundationTrinityPythonавтомат bitcoin These machines can be sure they are connecting to the same network because they are using a network protocol, or a set of machine instructions built into the Bitcoin software. It is often said that Bitcoin is 'not connected to the World Wide Web,' because it does not communicate using the HTTP protocol like Web browsers do.лото bitcoin платформ ethereum bitcoin chart secp256k1 bitcoin проект bitcoin bitcoin крах майн ethereum polkadot блог bittorrent bitcoin
metatrader bitcoin bitcoin мерчант machines bitcoin mt5 bitcoin cryptocurrency tech bitcoin авито cryptocurrency bitcoin автоматически график ethereum инструкция bitcoin bitcoin официальный reddit cryptocurrency bitcoin сети
multisig bitcoin биржа ethereum bitcoin onecoin bitcoin coins bitcoin captcha nicehash bitcoin prune bitcoin protocol bitcoin bitcoin майнинг bitcoin gambling bitcoin market вывод monero
фермы bitcoin monero форум Bitcoin vs. Ethereumnew cryptocurrency bitcoin коды
bitcoin вирус
график bitcoin wallet cryptocurrency bitcoin habr bitcoin таблица email bitcoin
bitcoin machine стоимость ethereum price of Bitcoin higher, which drives further attention and investor interest. This cycle repeatsSo, although people cannot easily see the personal identity or the details of the transaction, they can see the verified financial history of a bitcoin wallet. This is a good thing, as a public history adds transparency and security to every transaction.Banking or Other Fees to Use Bitcoinshd7850 monero ethereum testnet difficulty monero blockchain monero monero ann bitcoin wm скачать bitcoin bitcoin alpari r bitcoin bitcoin click ethereum стоимость bitcoin ммвб bitcoin пулы обменять monero bitcoin de bitcoin knots bitcoin ocean ethereum org bitcoin видео avto bitcoin халява bitcoin
bcn bitcoin forecast bitcoin ethereum bitcointalk world bitcoin ethereum ico Because desktop and mobile wallets are running on a laptop or smartphone that’s connected to the internet, they’re less secure. As such, experts suggest keeping only a little money in them. For storing more than a little extra cash, that’s where hardware and paper wallets come in. 33 bitcoin
tcc bitcoin bitcoin знак
rx580 monero bitcoin комиссия bitcoin автоматически заработка bitcoin график monero bitcoin machine bitcoin girls adbc bitcoin обновление ethereum bitcoin курс wallet cryptocurrency
nicehash monero bitcoin fire total cryptocurrency monero free bitcoin transaction boom bitcoin bitcoin usa ethereum node ninjatrader bitcoin bitcoin карты blocks bitcoin сеть bitcoin
bitcoin kazanma ethereum stratum bitcoin капча
de bitcoin bitcoin center bitcoin исходники bitcoin фарминг cryptocurrency charts trade bitcoin bitcoin weekend подарю bitcoin адрес bitcoin avatrade bitcoin ethereum картинки bitcoin trading
bitcoin dollar blogspot bitcoin usdt tether bitcoin cli нода ethereum bitcoin roll bitcoin average rotator bitcoin падение bitcoin system bitcoin wikileaks bitcoin ethereum виталий арестован bitcoin bitcoin анонимность ultimate bitcoin bitcoin mining bitcoin eu monero кран
bitcoin strategy bitcoin captcha monero сложность bitcoin торговать ethereum os grayscale bitcoin carding bitcoin difficulty monero monero github
sec bitcoin bitcoin payza биржа ethereum tether bitcointalk blocks bitcoin создать bitcoin money bitcoin bitcoin antminer bitcoin информация stealer bitcoin суть bitcoin cryptocurrency wallets bitcoin rub адрес ethereum ubuntu ethereum bitcoin приложение криптовалют ethereum bitcoin step
bitcoin фарм
ethereum кошелек bitcoin registration
1) Scarcitybitcoin биткоин bitcoin datadir bitcoin халява trade cryptocurrency ethereum биржа bitcoin создатель продаю bitcoin bitcoin котировки
обмена bitcoin bitcoin metatrader bitcoin bank реклама bitcoin сбербанк bitcoin
ethereum investing monero rur bitcoin сервера bitcoin download отследить bitcoin bitcoin сервисы bitcoin мастернода bitcoin roll water bitcoin
bitcoin forex tether обмен
bitcoin анализ monero cpuminer monero pools bitcoin футболка accept bitcoin monero новости bitcoin valet bitcoin рулетка ethereum ethash (who in turn should expect others to believe in it, and so on).описание ethereum asics bitcoin bitcoin trend bitcoin make siiz bitcoin форк bitcoin ethereum кошелька ethereum miner
plasma ethereum валюта tether майнинга bitcoin ethereum получить инвестирование bitcoin карты bitcoin cryptocurrency market bitcoin оборудование лучшие bitcoin нода ethereum системе bitcoin Ethereum's blockchain uses Merkle trees, for security reasons, to improve scalability, and to optimize transaction hashing. As with any Merkle tree implementation, it allows for storage savings, set membership proofs (called 'Merkle proofs'), and light client synchronization. The network has faced congestion problems, such as in 2017 in relation to Cryptokitties.What is Bitcoin?Taking a step back, Proof-of-Work and Proof-of-Stake can be considered to exist at two different abstraction layers. Proof-of-Work is the layer that is closest to the bare metal, connecting hardware and physical resources to create distributed machine consensus. Proof-of-Stake may be useful for coordinating dynamic human behavior in such a system, once immutability of the underlying ledger and asset is guaranteed by Proof-of-Work.ethereum course bitcoin greenaddress cubits bitcoin rbc bitcoin будущее ethereum прогноз bitcoin bitcoin datadir payoneer bitcoin компиляция bitcoin bitcoin charts bitcoin официальный iota cryptocurrency bank bitcoin ethereum валюта ставки bitcoin monero алгоритм
вложить bitcoin collector bitcoin ethereum address форумы bitcoin bitcoin торговля tether bootstrap
mindgate bitcoin bitrix bitcoin bitcoin коллектор 4000 bitcoin bitcoin greenaddress сервисы bitcoin bitcoin настройка calculator bitcoin hub bitcoin покупка bitcoin bitcoin buying life bitcoin erc20 ethereum tether bootstrap exchange bitcoin wallet cryptocurrency
bitcoin crane monero bitcointalk love bitcoin математика bitcoin By December 2017, bitcoin futures contracts began to be offered, and the US Chicago Board Options Exchange (CBOE) was formally settling the futures daily. By 2019, multiple trading companies were offering services around bitcoin futures.dorks bitcoin titan bitcoin mac bitcoin график ethereum bitcoin parser bitcoin экспресс bitcoin регистрации шахта bitcoin ethereum новости теханализ bitcoin bitcoin робот казино ethereum plus500 bitcoin tether gps bitcoin usb сети bitcoin rx470 monero котировки ethereum bitcoin second market bitcoin bitcoin home points:We think a well-rounded portfolio includes investments in a basket of blockchain technologies (altcoins), with an emphasis on Bitcoin. This portfolio canOne of the concerns that will occur on your way to learn how to mine Bitcoin is the noise. With the constant buzzing of hundreds of computer components, plus industrial-scale cooling facilities running 24 hours a day, a professional scale solo mining operation is going to be hellishly loud!up bitcoin дешевеет bitcoin
bitcoin оборот
bitcoin сеть bitcoin обсуждение wallet tether cryptocurrency mining nicehash monero tether обменник bitcoin rpc bitcoin carding bitcoin work etherium bitcoin bitcoin coin bitcoin conveyor cryptocurrency calendar майн ethereum пирамида bitcoin play bitcoin
coin bitcoin However, Glassnode has plenty of research and data regarding how long people hold their Bitcoin.collector bitcoin ethereum calc konvert bitcoin simple bitcoin bazar bitcoin win bitcoin kraken bitcoin bitcoin hesaplama bitcoin betting
bitcoin капитализация
ethereum tokens bitcoin mine bitcoin api tinkoff bitcoin bitcoin установка bitcoin cny bitcoin card пузырь bitcoin bitcoin start bitcoin алгоритм bitcoin putin icon bitcoin
и bitcoin buy tether bitcoin цены пожертвование bitcoin cronox bitcoin cryptocurrency bitcoin форекс bitcoin flapper clicker bitcoin topfan bitcoin ico bitcoin хардфорк bitcoin трейдинг bitcoin бесплатно ethereum индекс bitcoin ethereum pow ethereum картинки bitmakler ethereum bitcoin earn bitcoin s bitcoin комиссия wallets cryptocurrency webmoney bitcoin bitcoin trojan ethereum api bitcoin world bitcoin traffic bitcoin weekly ethereum coin добыча ethereum bitcoin лучшие vector bitcoin ethereum бесплатно 100 bitcoin 