Top 5 real world applications of blockchain

Copyright © Blockchain Council www.blockchain-council.org
Top 5 Real-World Applications Of
Blockchain
The advent of Blockchain technology has paved the way for a new range of innovations
across the various verticals of industry. Every part of business activity is now pursuing
assistance and assistance from the Blockchain, from human resources management to
financial management. In 2009, this distributed ledger technology originated as an
underlying Bitcoin trading mechanism. However, its characteristics such as
decentralization, transparency, data protection, and others attracted the attention of
developers and Blockchain soon emerged as the mainstream technology. Most market
niches are now reaping advantages from this DLT.
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When it comes to practical applications, the use of Blockchain is not limited to
whitepapers, but rather the technology has its roots spreading; Deloitte, Facebook, IBM,
Wallmart and several other businesses are actively using this technology. And if we're
talking about Blockchain-based enterprises, so they're not all big names. Instead, several
start-ups have entered into this sector with the ultimate aim of making this technology
infallible and popular.
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5 Real-World Blockchain Apps:
Here, we will illustrate how Blockchain developers have made this technology useful in
the real world:
Smart contracts- Smart contracts are the first example that we want to bring forward
here. Such digitized contracts have the ability to alter the operation of agreements. The
credit for the development of the smart contract goes to Nick Szabo. On a computerized
transaction protocol supervised by several nodes linked to the Blockchain network,
blockchain-based smart contracts operate. In various fields, such as real estate, law, and
finance, the functional usefulness of smart contracts is then used.
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Voting- Voting is one of the prominent applications of Blockchain technology. The
protection of the voting system has always been a question of concern, and Blockchain
may be a possible solution for those who question and criticize the voting system. We
can produce voting encryption with the Blockchain, allowing data attacks and threats
free from the entire system. The voting system is therefore more straightforward and
infallible.
Healthcare- Fighting the issue of counterfeit drugs is a significant problem that requires
prompt attention; at the same time, a vast amount of data and medical information is
gathered by healthcare. It can be a little difficult to retain and access this information
using the traditional platform, but it can ensure data portability, integrity and security
with the Internet of Medical Stuff (IoMT) and medical examination systems using AI and
Blockchain. This will also help to keep a balance on the preservation of health records
and patient medical history.
5

Food safety- Blockchain will change the entire supply chain management system that
spreads from producers, brokers, distributors, regulators, and finally, the customer,
according to technology experts. The food industry is lacking transparency in the current
scenario, but with the intervention of Blockchain technology, we will definitely have a
system that is much more open and secure. Blockchain increases traceability, meaning
that the past of pf goods can be easily traced by customers, thereby ensuring the origin
of food, packaging and supply.
Cybersecurity- Definitely, this point requires a lot of focus. The growing dependency on
digital forums has made the virtual world vulnerable to personal information and data.
Although businesses follow a system of improved protection, it has also made it easy for
hackers to target the security system and steal sensitive information.
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According to the Identity Theft Resource Centre report, there were around 668 cases of
data breach leading to a compromise of 22,408,258 records between January 1st 2018
and July 2nd 2018, and this is only one example, there are many other instances where
we have seen cases of a data breach, and thus there is a need for a system that can
guarantee the system's complete safety and protection. With Blockchain, we can
definitely assume that this distributed ledger platform would make it easy for the user,
free of privacy risks and abuses, to place their data and records on the system. Because
all DLT data is cryptographically encrypted, it allows the system much safer and more
reliable than the traditional system.
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The Future
There are several real-life examples of how the real world is using Blockchain. In these
times to come, we expect Blockchain to achieve CAGR growth of 67.3 percent by 2025.
For Blockchain developers and Blockchain experts, all of this will open up new avenues
of development and job opportunities. If you too are one of those eager to develop your
career well, you must consider going ahead with Blockchain certification by the
Blockchain Council.
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Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain
space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
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THANK YOU!
Any questions?
You can mail us at
hello@blockchain-council.org
Copyright © Blockchain Council www.blockchain-council.org 10

Top 5 real world applications of blockchain

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Top 5 real world applications of blockchain