Uses of blockchain technology
Uses of Blockchain technology
1. Financial Industry
Through this technology, all money becomes digital currency,
with no need to carry paper money. We can easily transfer our money anywhere in
this world. It changes the system of banking. The financial system becomes a decentralized
system. It’s become Eco-friendly. Because in this system we will not use paper
money, we will use digital currency. So, paper comes from natural materials. It’s
safe, the environment.
2. Supply chain
We see that in the supply chain, there is too much
duplication in the real world. But If we use blockchain in the supply chain, it reduces
duplication. Nobody can duplicate anything. Because this new supply chain
becoming through smart contracts. Initially, too many uses this network system
like Hyperledger.
3. Civil services
In the police station, the F.I.R. system becomes digitalized
through a polygon method system. In this system nobody can change the F.I.R
data, it will become more secure. All data will be immutable here.
So the corruption rate is reduced highly. Also, case-solving
time is reduced.
4. Education System
When we apply for a job, they verify our data through manpower
and take too much time for this. But when we store our data in the blockchain,
we will not verify our data in any interview or any purpose because the
blockchain already verifies our data. We just log in to the blockchain account
and show the data to any recruiter. Here, we do not have a paper copy of our
document with us. So it becomes more reliable.
5. Health care center
We know that one patient has too much medical documentary. They
have to carry those documents whenever they move anywhere for health issues. Sometimes
the document will be fake, but if this document is stored through the blockchain
it becomes verified. Doctor, no need to verify it’s. Also, patients do not carry
with it. They just log in to their blockchain account and show its doctors.