Future blockchain technology_Blake Guier
- 1. Blockchain Technology: Future Possibilities By Blake Guier
- 2. Overview Blockchain is a incorruptible digital ledger that is able to keep track of not just financial transactions but virtually any transaction of value. Blockchain is a decentralized form of storing data, preventing entities from corrupting the past data while making new additions to the data to be approved by several parties
- 3. Features & Benefits The decentralized method of storing data makes it impossible for people to tamper with the data and allows it to be easily accessible to anyone connected to the internet. Easy access to anyone allows two parties to work on a transaction at the same time.
- 4. Future Applications The future applications of blockchain technology are virtually endless Already causing disruption to several industries since its inception, most notably, the finance industry Companies are quickly adopting the new technology for its security and efficiency
- 5. Authentication of Goods Blockchain will become widely used as a way to authenticate valuable goods The use of blockchain would allow customers to confidently purchase luxury goods 70% of premium wine sales in China are thought to be imitations
- 6. Supply Chain Management Many companies have already began to use blockchain technology to increase the efficiency of their supply chain Walmart FedEx Maersk British Airways UPS The use of blockchain allows companies to accurately track the movement of all goods throughout the supply chain
- 7. Elimination of Intermediaries The heightened security of transactions using blockchain could eliminate the need for intermediaries and clearing houses The elimination of these intermediaries could increase a company’s profits and eliminate fees for security
- 8. Cyber Security and Self-Driving Cars Data stored in a blockchain would nearly impossible to alter Self-driving cars will use this technology in the future to prevent the cars computer from being hacked
- 9. Healthcare A decentralized healthcare system where all physicians have access to your complete health history
- 10. Questions?