Other Blockchain apps
Although blockchain is intimately related to new cryptocurrencies or cryptocurrencies, it makes sense to wonder if this system would be valid for other types of transactions. There are many ideas that try to exploit the goodness of a technology that has virtually unlimited reach. Let's look at some examples:
- Consortium R3: The financial institutions themselves have created the R3 consortium to find out how to leverage blockchain in traditional financial systems. One of the first problems with applying this scheme is the anonymity provided by blockchain design, something they have solved with the so-called "permissioned ledger", a variant of the blockchain that does identify users who add blocks.
- Property registration: The Japanese government has initiated a project to unify the entire register of urban and rustic properties with blockchain technology.
- Real-world payments: A startup called TenX has created a prepaid card that can be reloaded with different cryptocurrencies and then paid with it anywhere as if that card had conventional money, regardless of whether or not that property accepts such virtual currencies.
- Carsharing: EY, a subsidiary of Ernst & Young Global Ltd, is developing a blockchain-based system that allows companies or groups of people to easily access a car-sharing service.
- Cloud storage: Storage services are typically centralized at a specific vendor, but the Storj company wants to decentralize this service to improve security and reduce reliance on that storage provider.
- Digital identity: the latest gigantic security flaws and data theft have made managing our identities a very real problem. Blockchain could provide a single system for irrefutable, secure, and immutable identity validating. There are many companies developing services in this area, and all of them believe that applying blockchain technology for this purpose is an optimal solution.
- Music: Although there are criticisms that this option is not valid, some say that musical distribution could undergo a whole revolution if a blockchain-based system were to be implemented to manage its reproduction, distribution and enjoyment. Spotify itself is betting heavily on its own blockchain.
- Public/government services: The areas of activity are multiple: from license management, transactions, events, movement of resources and payments, property management to identity management. In fact, the massive data theft at Equifax has led some to propose replacing social security numbers in the United States with a blockchain-based system.
- Social security and health: while it could be encompassed within the public services mentioned above, public health could undergo a real revolution with a blockchain system that would serve to record all kinds of medical records and solve one of the classic problems of health management.
- Authorship management: Although related to what is mentioned for the world of music, Ascribe is a platform that tries to help creators and artists attribute the authorship of their works through blockchain. There are many other platforms in this field (Bitproof, Blockai, Stampery, for example) that, among other things, allow you to generate stores where you can buy original jobs in a safe and simple way.
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