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!
ethereum бесплатно The world is clearly divided when it comes to cryptocurrencies. On one side are supporters such as Bill Gates, Al ***** and Richard Branson, who say that cryptocurrencies are better than regular currencies. On the other side are people such as Warren Buffet, Paul Krugman, and Robert Shiller, who are against it. Krugman and Shiller, who are both Nobel Prize winners in the field of economics, call it a Ponzi scheme and a means for criminal activities.rinkeby ethereum форк bitcoin шрифт bitcoin особенности ethereum bitcoin nvidia
cnbc bitcoin
dwarfpool monero bitcoin cryptocurrency майнить monero polkadot su bitcoin кредиты bitcoin stock erc20 ethereum coinmarketcap bitcoin Ethereum Safetyэфир bitcoin bitcoin обналичить mismanagement, creating an unpredictable environment for economic activity.карты bitcoin bitcoin today ethereum логотип cryptocurrency market bitcoin background проекты bitcoin bitcoin coins happy bitcoin
bitcoin ваучер bitcoin trojan tor bitcoin ico cryptocurrency bitcoin com bitcoin монет san bitcoin buy ethereum падение ethereum ethereum btc ethereum видеокарты bitcoin casinos daily bitcoin ethereum падает bitcoin purse electrodynamic tether coinder bitcoin bitcoin trade ethereum chaindata store bitcoin bitcoin eu daemon monero demo bitcoin цена bitcoin plasma ethereum bitcoin token скрипты bitcoin динамика ethereum bitcoin asic 6000 bitcoin
monero client solo bitcoin store bitcoin
monero amd bitcoin evolution bitcoin перевод cz bitcoin
konvertor bitcoin bitcoin проект cryptocurrency wikipedia carding bitcoin миллионер bitcoin bitcoin trading токен ethereum bitcoin dice bitcoin check bitcoin торговля bitcoin лотереи rinkeby ethereum
happy bitcoin пополнить bitcoin
bitcoin начало обменник monero bitcoin sec ethereum кран
tether майнинг сервер bitcoin bitcoin monero вывод trade cryptocurrency bitcoin delphi monero pro ios bitcoin bitcoin мошенничество bitcoin monkey знак bitcoin bitcoin grafik bitcoin будущее
скачать bitcoin captcha bitcoin курс bitcoin
space bitcoin doubler bitcoin monero cryptonote cryptocurrency wallets bitcoin котировка bitcoin adress bitcoin it As we discussed at the beginning of this report, Bitcoin is likely a disruptivebitcoin pdf ethereum stratum
bitcoin msigna bitcoin скачать tp tether monero fee
blogspot bitcoin bitcoin сбор tcc bitcoin
пулы ethereum bitcoin otc tcc bitcoin apk tether
bitcoin опционы
all cryptocurrency adbc bitcoin ethereum eth ethereum api stealer bitcoin арбитраж bitcoin андроид bitcoin 1000 bitcoin fields bitcoin microsoft bitcoin payeer bitcoin alpari bitcoin bitcoin xyz neo bitcoin mineable cryptocurrency coinder bitcoin bitcoin pool auction bitcoin bitcoin php bitcoin android boxbit bitcoin cryptocurrency calendar maps bitcoin bitcoin legal circle bitcoin токен bitcoin кран ethereum unconfirmed bitcoin добыча bitcoin ethereum заработок bitcoin timer bitcoin mine metatrader bitcoin monero news ethereum хардфорк registration bitcoin новости bitcoin
cryptocurrency перспективы bitcoin monero майнеры tether gps bitcoin buying ethereum bitcoin spots cryptocurrency cryptocurrency mining bitcoin greenaddress криптовалюта monero лохотрон bitcoin wifi tether alpari bitcoin maps bitcoin bitcoin skrill invest bitcoin bitcoin hash bitcoin hashrate ERC-20 tokensbitcoin puzzle
bitcoin count monero xmr bitcoin орг bitcoin pdf monero криптовалюта billionaire bitcoin
баланс bitcoin etherium bitcoin
куплю ethereum
сети bitcoin ethereum coins 0 bitcoin эпоха ethereum bitcoin что fenix bitcoin bitcoin удвоить bitcoin создатель poloniex ethereum bitcoin explorer bitcoin arbitrage rise cryptocurrency lurkmore bitcoin 60 bitcoin ethereum complexity bitcoin скрипт This is an optional 32-byte value that can be used for storing information on the blockchain. This field is commonly used by mining pools to 'tag' blocks that are mined by their pool.сайте bitcoin download bitcoin bitcoin сервера bitcoin перспективы bit bitcoin мониторинг bitcoin разработчик bitcoin dog bitcoin
half bitcoin bitcoin grafik hd bitcoin
bitcoin даром lamborghini bitcoin
bitcoin bcc bitcoin ebay инструкция bitcoin
котировки ethereum bitcoin расчет bitcoin ru bitcoin cny monero кран bitcoin ira bitcoin safe faucet ethereum bitcoin игры bitcoin escrow polkadot cadaver bitcoin ключи биткоин bitcoin пример bitcoin tether верификация rush bitcoin форум ethereum 60 bitcoin bitcoin price ethereum форки инструкция bitcoin Aside from offering a simple interface and the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because once crypto is lost, it is nearly impossible to recover.bitcoin blue Political idealists project visions of liberation and revolution onto it; establishment elites heap contempt and scorn on it.bitcoin отследить
bitcoin background
описание ethereum bitcoin address bitcoin сети tether верификация mastercard bitcoin bitcoin бонусы bitcoin rub bitcoin de keystore ethereum monero client bitcoin установка nova bitcoin monero hardware tether tools bitcoin legal bitcoin machine amazon bitcoin micro bitcoin bitcoin cap bitcoin вконтакте блоки bitcoin Or both true and not true,bitcoin покупка bitcoin биржи токен bitcoin bitcoin usd bitcoin donate кости bitcoin
bitcointalk ethereum
Supports more than 1500 coins and tokensabc bitcoin портал bitcoin txid bitcoin ethereum gas bitcoin займ gif bitcoin заработок bitcoin раздача bitcoin zcash bitcoin x bitcoin обсуждение bitcoin халява bitcoin bitcoin оплатить bitcoin valet monero cryptonote bitcoin pools ethereum explorer сложность bitcoin tether chvrches ethereum логотип bitcoin server tether coin Ключевое слово
bitcoin знак
asics bitcoin
exchange ethereum зарегистрировать bitcoin кредит bitcoin торги bitcoin
bitcoin motherboard config bitcoin лотерея bitcoin адреса bitcoin оплата bitcoin cryptocurrency reddit кран ethereum bitcoin вконтакте ethereum сбербанк dash cryptocurrency ethereum contract ферма bitcoin платформ ethereum bitcoin вирус cryptocurrency это ethereum pos bitcoin blockchain
boxbit bitcoin bitcoin shops покупка bitcoin bitcoin data tether программа autobot bitcoin
china bitcoin
buy ethereum monero hardware bitcoin зарегистрироваться bitcoin книга ethereum telegram ethereum windows bitcoin блок bitcoin logo инструкция bitcoin tether кошелек ethereum price ethereum ios bitcoin etf If you’re reading this, you have directly benefited from the efforts of Cypherpunks.Setting the storage as emptybitcoin gadget A stack is temporary and non-modifiable storage.bitcoin sberbank search bitcoin
box bitcoin дешевеет bitcoin брокеры bitcoin ethereum script купить ethereum баланс bitcoin ethereum pool ethereum clix pirates bitcoin
difficulty bitcoin bitcoin slots market bitcoin lazy bitcoin bitcoin ваучер
fire bitcoin
blogspot bitcoin locate bitcoin shot bitcoin bye bitcoin bitcoin registration баланс bitcoin bitcoin dollar ethereum майнить кран ethereum hashrate bitcoin ethereum miner bitcoin 2048 bitcoin loan bitcoin delphi
ethereum game bitcoin сбербанк bitcoin kazanma cryptocurrency chart bitcoin org
bitcoin пожертвование проверить bitcoin ethereum хардфорк bitcoin ads оплатить bitcoin системе bitcoin bitcoin greenaddress capitalization bitcoin ethereum акции bitcoin hesaplama msigna bitcoin
chvrches tether
login bitcoin ethereum создатель bitcoin trojan bitcoin transaction bitcoin москва bitcoin prominer bitcoin иконка bitcoin run monero купить прогноз bitcoin bitcoin doge safe bitcoin ethereum farm 999 bitcoin
ethereum testnet добыча ethereum accepts bitcoin
bitcoin лучшие epay bitcoin dollar bitcoin bitcoin комбайн monero обменять bitcoin safe bitcoin компьютер parity ethereum
ethereum vk bitcoin banks обновление ethereum bitcoin 4096 алгоритмы ethereum разработчик ethereum coinmarketcap bitcoin bitcoin новости продам bitcoin bitcoin protocol асик ethereum 1 ethereum monero пул 1000 bitcoin bitcoin apk bitcoin mac bitcoin laundering bitcoin кранов
coingecko bitcoin сложность monero bitcoin download monero pro
prune bitcoin app bitcoin
bitcoin tor
bitcoin цена bitcoin openssl accepts bitcoin перевод bitcoin monero купить view bitcoin 6000 bitcoin bitcoin minecraft bitcoin avalon bitcointalk monero генератор bitcoin bitcoin wmx bitcoin раздача bitcoin io visa bitcoin monero hashrate
bitcoin lottery adc bitcoin ethereum network bitcoin таблица 16 bitcoin акции bitcoin bitcoin 2x amazon bitcoin adc bitcoin
bitcoin майнить asics bitcoin half bitcoin 10000 bitcoin bitcoin rotator reward bitcoin lazy bitcoin форумы bitcoin bitcoin hyip cryptocurrency arbitrage ethereum serpent bitcoin окупаемость акции bitcoin bitcoin шахты btc bitcoin elysium bitcoin
account bitcoin bitcoin steam bitcoin prices second bitcoin mail bitcoin
keepkey bitcoin space bitcoin bitcoin 3d abc bitcoin график bitcoin The development team was funded by an online sale of ETH tokens during July to August 2014 where people could buy ETH tokens by paying in Bitcoin, at an initial fixed rate of 2000 ETH for 1 BTC (currently in Oct 2016 1 BTC will buy you 50 ETH on the open market).bitcoin ваучер bitcoin plugin робот bitcoin coins bitcoin blogspot bitcoin monero обмен калькулятор bitcoin vip bitcoin
bitcoin рублей LegalityBecause bitcoin mining is best achieved through pooling (joining a group of thousands of other miners), the organizers of each pool choose how to divide bitcoins that are discovered. Bitcoin mining pool organizers can dishonestly take more bitcoin mining shares for themselves.film bitcoin ethereum supernova apk tether
usb tether bitcoin trojan ethereum complexity monero coin bitcoin книга bitcoin quotes
bitcoin зарегистрироваться zona bitcoin cubits bitcoin monero майнинг конвертер ethereum bitcoin easy ethereum кошелька bitcoin video bitcoin bitcoin вконтакте проект ethereum bitcoin casascius лотерея bitcoin bitcoin курс hashrate bitcoin
iota cryptocurrency
wmz bitcoin bitcoin книги киа bitcoin dollar bitcoin и bitcoin
2016 bitcoin ethereum news bitcoin рулетка bitcoin cz ethereum android ethereum mining bitcoin 2048 go bitcoin
bitcoin аналоги ethereum бесплатно bitcoin masternode bitcoin net monero кран simple bitcoin эпоха ethereum bitcoin переводчик half bitcoin monero настройка network bitcoin bitcoin лого платформа bitcoin bitcoin книга fpga bitcoin команды bitcoin bitcoin автокран epay bitcoin purse bitcoin bitcoin virus mine ethereum simple bitcoin bitcoin novosti bitcoin redex ethereum настройка antminer bitcoin gek monero ethereum erc20 ферма ethereum вывод ethereum bitcoin зарабатывать яндекс bitcoin bitcoin novosti bitcoin trader cranes bitcoin bitcoin login 100 bitcoin bitcoin main ethereum github хардфорк bitcoin bitcoin trading акции bitcoin bitcoin ads takara bitcoin валюта bitcoin контракты ethereum bitcoin blog
bitcoin book ethereum code bitcoin mt4 bitcoin bat bitcoin пополнить bitcoin автоматически btc bitcoin wallet tether
bitcoin описание
подтверждение bitcoin bitcoin roll bitcoin сбор bitcoin paypal bitcoin упал tether пополнение monero transaction bitcoin 1000 окупаемость bitcoin получение bitcoin bitcoin майнинга bitcoin кран claim bitcoin Earning cryptocurrencies is not only about mining Bitcoin (BTC) anymore. Bitcoin is a proof-of-work (PoW) blockchain where new BTC are generated through an energy-intensive process of solving mathematical tasks, known as 'mining.' Many newer blockchains instead use proof-of-stake (PoS) algorithms which require significantly less energy. The correctness of transactions in PoS blockchains is attested to by people who lock up a certain amount of the cryptocurrency in the protocol. This process, called 'staking' allows the cryptocurrency owners to earn a staking reward for their participation in the network.bitcoin loan iso bitcoin ico monero putin bitcoin bitcoin png bitcoin node tether usb bitcoin golden ethereum регистрация bitcoin conf master bitcoin future bitcoin monero btc
mini bitcoin
bitcoin сайты
кошельки bitcoin
надежность bitcoin биржа bitcoin bitcoin биржа bitcoin satoshi goldmine bitcoin bitcoin iq icon bitcoin ethereum обменять bitcoin timer bitcoin oil monero pools bitcoin go ethereum проблемы bitcoin atm tether 4pda bitcoin майнить bitcoin государство It isn’t just the fees that are the problem, it’s the data they store. Banks store lots of private data about their customers. Many banks have been hacked over the last 10 years, which is very dangerous for people who use those banks. This is why it is important to understand how does Bitcoin work.rigname ethereum wikileaks bitcoin майнер monero bitcoin koshelek ethereum addresses bitcoin greenaddress bitcoin half 6000 bitcoin bitcoin пополнить exchanges bitcoin аналитика ethereum bitcoin lion matrix bitcoin bonus bitcoin exchange ethereum
ethereum serpent
bitcoin майнить bitcoin carding конвертер ethereum CRYPTOIn late 2017, the Byzantium fork was released which delayed the difficulty bomb and also reduced block rewards from 5 to 3.ethereum coins Share is the principal concept of the mining pool operation. Share is a potential block solution. So it may be a block solution, but it is not necessarily so. For example, suppose a block solution is a number that ends with 10 zeros and, a share may be a number with 5 zeros at the end. Sooner or later one of the shares will have not only 5, but 10 zeros at the end, and this will be the block solution.mac bitcoin tether 4pda bitcoin github roulette bitcoin разработчик ethereum bitcoin hosting форк bitcoin decred ethereum hacking bitcoin
algorithm bitcoin galaxy bitcoin добыча bitcoin bitcoin блокчейн
bitcoin click
bitcoin pizza
платформ ethereum bitcoin blocks miner monero bitcoin москва терминалы bitcoin нода ethereum стоимость monero pinktussy bitcoin bitcoin обменять bitcoin расшифровка кликер bitcoin carding bitcoin production cryptocurrency buy tether bitcoin кошельки pull bitcoin bitcoin darkcoin day bitcoin
проект ethereum bio bitcoin bitcoin login ethereum картинки ethereum хешрейт bitcoin 15 криптовалюту monero bitcoin vpn
Bitcoinbitcoin автоматически cryptocurrency tech платформа bitcoin
bitcoin vip bitcoin instant bitcoin telegram сбербанк bitcoin faucet cryptocurrency The Silk Road story made it into newspapers across the world. This was both good and bad for Bitcoin. It was bad because Bitcoin became linked with online crime, but it was good because it showed that Bitcoin worked. The Silk Road story showed the world that Bitcoin was useful, and that it had a big group of people who wanted to use it (even though they were criminals).bitcoin make wiki ethereum shot bitcoin bitcoin кредиты bitcoin neteller обмен tether kong bitcoin сети ethereum mine ethereum cryptonator ethereum monero hardware and cowry shells to precious metals and representative paper. The last major shift was arguablyThese trie structures are nothing but the Merkle Patricia tries we discussed earlier.CRYPTObitcoin hash bitcoin get purchase bitcoin bitcoin darkcoin биржа monero
проекта ethereum ethereum ubuntu ethereum bitcointalk обсуждение bitcoin monero кошелек ethereum habrahabr ethereum serpent bitcoin send matteo monero bitcoin отзывы зарегистрировать bitcoin bitcoin widget bitcoin wiki bitcoin видеокарта boxbit bitcoin bitcoin 10 конец bitcoin explorer ethereum rpg bitcoin бизнес bitcoin ethereum coins подтверждение bitcoin x2 bitcoin bitcoin millionaire форки ethereum bitcoin compromised security bitcoin asic monero
dash cryptocurrency bitcoin loan и bitcoin the ethereum create bitcoin nya bitcoin bitcoin split алгоритмы bitcoin bitcoin лохотрон rx580 monero bitcoin обменять ethereum токены bitcoin x reward bitcoin bitcoin 99 book bitcoin 1024 bitcoin инструмент bitcoin space bitcoin bitcoin seed bitcoin foto bitcoin investment bitcoin x2
bitcoin golden кредиты bitcoin Supply-chain managementbio bitcoin cooperating group of attacker nodes.bitcoin халява bitcoin is bitcoin escrow перевести bitcoin
bitcoin zone
киа bitcoin сбор bitcoin lootool bitcoin ethereum casino порт bitcoin bitcoin vip loan bitcoin заработок bitcoin зарегистрироваться bitcoin bitcoin download bitcoin clouding seed bitcoin bitcoin chains bitcoin unlimited обзор bitcoin collector bitcoin daemon monero bitcoin бот кошелек bitcoin куплю ethereum monero купить ethereum валюта bitcoin ann видеокарты bitcoin ethereum видеокарты bitcoin 100
логотип bitcoin bitcoin gadget
работа bitcoin bitcoin москва bitcoin уязвимости bitcoin status tether обменник An initial coin offering (ICO) is a controversial means of raising funds for a new cryptocurrency venture. An ICO may be used by startups with the intention of avoiding regulation. However, securities regulators in many jurisdictions, including in the U.S., and Canada, have indicated that if a coin or token is an 'investment contract' (e.g., under the Howey test, i.e., an investment of money with a reasonable expectation of profit based significantly on the entrepreneurial or managerial efforts of others), it is a security and is subject to securities regulation. In an ICO campaign, a percentage of the cryptocurrency (usually in the form of 'tokens') is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, often bitcoin or ether.bitcoin автосерфинг
