Blockchain applications go far beyond cryptocurrency and bitcoin. With its ability to create more transparency and fairness while also saving businesses time and money, the technology is impacting a variety of sectors in ways that range from how contracts are enforced to making government work more efficiently.
7 PROMINENT BLOCKCHAIN APPLICATIONS TO KNOW
· Secure sharing of medical data
· Cross-border payments
· Personal identity security
· Supply chain and logistics monitoring
· Voting mechanism
· Advertising insights
· Original content creation
For this article, we've rounded up 5 examples of real-world blockchain use cases in the field of documentation. It's far from an exhaustive list, but this technology is disrupting the ecosystem for more than we can possibly grasp
PERSONAL IDENTITY SECURITY USE CASES
According to identity theft expert LifeLock, more than 16 million Americans complained of identity fraud and theft in 2017 alone, with an identity being stolen every two seconds. Fraud on this scale can occur via everything from forged documents to hacking into sensitive data.
By keeping social security numbers, birth certificates, birthdates and other sensitive information on a decentralized blockchain ledger, the government could see a drastic drop in identity theft claims. Here are a few blockchain-based enterprises at the forefront of identity security.
GOVERNMENT USE CASES
One of the most surprising applications for blockchain can be in the form of improving government. As mentioned previously, some state governments like Illinois are already using the technology to secure government documents, but blockchain can also improve bureaucratic efficiency, accountability and reduce massive financial burdens. Blockchain has the potential to cut through millions of hours of red tape every year, hold public officials accountable through smart contracts and provide transparency by recording a public record of all activity, according to the New York Times.
Blockchain could also revolutionize our elections. Currently, voter apathy in the US is at an all-time high, with just over 58 percent turning out in the 2016 presidential election, while only 36.4 percent of the voting-eligible public showed up for \the 2014 midterm elections, according to PBS. Blockchain-based voting could improve civic engagement by providing a level of security and incorruptibility that allows voting to be done on mobile devices.
The following companies and government entities are a few examples of how blockchain applications are improving government.
Regardless if you are applying for a job, you are a physician in a new country, a founder seeking funding, a citizen interacting with public services or opening a new bank account, a student who applies to a university or a business owner dealing with a new customer, you find yourself to prove again and again, who you are, what you have done, what you own, what you can deliver, and how you have delivered in the past.
All of which, results in endless assessments and costly inefficient verification processes.
TiiQu enables creation of ecosystems where trust is instantaneous and verification is unnecessary because claims are immutably certified at the source.
TIiQu developed a set of systems that enable instant certification, verification and sharing of tamper-proof information. In addition, in order to make it easy and fair assembling multiple information, TiiQu developed a unique score that continuously measures the credibility of a set of certified claims, at a given point in time.
Uniqueness of TiiQu technologies is that facts are certified at the source and made immutable without any third party's platform involved,. All TiiQu technologies have been designed with GDPR compliance in mind: sensitive data are never published to the blockchain and individual stay in complete control of their own data. Check out or offerings at https://www.tiiqu.com/