Spectacularly Growing Businesses Using Blockchain Technology

Spectacularly Growing Businesses Using Blockchain Technology

Right from electronic voting to using Blockchain technology, give more energy renewable resources, to give cleaner and greener breathing space, this has touched every aspect of business and different sectors. This technology has come far ahead, from what was thought to be only helping in bringing the digital currency into the mainstream, managing the crypto assets was the primary role of this technology, however today we have more innovative use of blockchain to benefit businesses, industries, and even the entire sector. A decentralized distributed ledger could do so many things to benefit the participants in the network is truly amazing.

Information stored in any of this network is practically immutable and unalterable, that is very important for protecting data security, which a huge challenge in the coming years. Be it transferring money, or simple thing as delivering the item you ordered from the e-commerce websites, tracking and reaching the destination gives an upper hand to this disruptive technology. Using this perceptive underlying technology, businesses have used them in their growth statistics

  • managing health records is an important yet highly sensitive data that has huge number of records and patient history ,having a decentralized storage system to store the health records, facilitating a better communication with the patient about their past illness history, healthcare companies are slowly migrating to this mode of storing the data that is highly anonymous and decentralized so that patients can use to access their health records
  • as a peer to peer energy transforming technology, there are many startups who have a community based renewable energy sharing practice that will evidence a spectacular growth and use of the renewable energy in real time using the underlying blockchain technology and the cryptocurrency based payment system
  • multi asset-based payment digital wallet with the help of blockchain technology is being developed by nations who are willing to give the big four competition, using the app to make use of digital currency for paying up for the simple regular lives expenses, or using the digital currency to pay e-commerce for the shopping online, is the change that is ushered to beckon new waves in upgrading this technology
  • The medical profession and pharmaceutical companies are riding high on the digital wave, spurious drugs are clamped down from the shipping points, the supply chain is getting better with communication channels open, as there is more transparency in the data and monitoring system at each checkpoint.