Adoption of Blockchain to solve real-world problems - Coffee with CIS - Latest News & Articles

Adoption of Blockchain to solve real-world problems

The blockchain is nothing but a distributed ledger which is best for fashion which has been decentralized.

The blockchain is defined according to the name only, that is it is having a chain-like structure composed of different blocks. Every block plays a role in holding the information about the previous block that comes in the chain. There are many issues related to blockchain in today’s world but it is securing its future by solving the real problem of the world.

The problems of the real world can now be solved by blockchain application with software development services. Nowadays people are involving themselves in the world of cryptocurrency. So blockchain is being used by people for organizing supply chains which can be used for donating to floods as well as paying for dinner. Blockchain may be involved in doing amazing things but they are not doing so in enough places.

The adaptation of blockchain application has been kept low because of scams, market volatility, and government crackdowns. However, leaving all these aside we can say, blockchain is now emerging and in the upcoming days it will be having a stable place and will be able to solve the real-life problems.

You can take care of business applications by means of blockchain applications

If you are thinking that cryptocurrency is having no importance then you are wrong, as in rural areas in Kenyan restaurant also you can trade with cryptocurrencies. Logistics companies are also there which are accepting blockchain. DexFreight is one such company. DexFreight mainly involves in the transportation of frozen food from Sunrise to Florida. DexFreight was planning to bring the application of blockchain into the industry of shipping and their HTC came up with its new solution in the communication sector. They introduced a phone based on blockchain which is especially for those who are involved with cryptocurrency with good security and with good ability to hold multiple wallet keys.

There are many blockchain app development companies but the best wallet app development was introduced by HTC with its new innovative idea. Software development services are so good that the user will be able to hold multiple wallet keys. This phone can be bought via cryptocurrency.

Blockchain application also finds its use in the social change

Blockchain’s one of the greatest strength is to keep an irreversible ledger record. This is especially for the community organizations, NGOs and governments. The application of Venezuela with new cryptocurrency helps the citizens to encourage them for using blockchain network so that they can pay for services, foods, and also bills by means of cryptocurrency. No need of worrying as the transactions will be saved tamperproof and transparent ledger.

The own wallet app development which is blockchain application has also been adopted by the supporters of Hull City. It has been found that in the month of October this year, the application raised to around US$1 million in ERC-20 and also a donation of bitcoins for providing a contribution to Japan flood relief. Binance was successful in sending money to the NGOs, Government agencies and business of Japan. There are many other projects also which are playing a major role in the advancement of blockchain in order to support the problems of the real world.

Network of Robonomics

People cannot handle the complexity of supply chains, productions and also urban life. Robonomics network can be said as an Etherium network infrastructure which integrates the robotic factories into very small cities. The main motive of this is to control, provide and distribute with the help of cyber-physical system. The platform not only solved the local problems but also played a major role in solving the issues globally. This may be said to be the world’s first blockchain based international transaction for transferring the units of carbon that has been conducted by Robonomics. Microsoft also gave technical support to them in doing so.

Cyclebit enabling cafes and stores in becoming a crypto merchant

The growth of cryptocurrency has been stopped because of the limit in spending on daily life. This may be an issue of high importance. So Cyclebit here plays a major role improve the crypto world. Because of complex payment infrastructure, many merchants are there who do not accept cryptocurrencies. There is around 130 coffee throughout Spain where the shops are allowing users to pay the price of cappuccino by means of BitCoins. This may be considered under the best web development company which developed an app which will help in payment via crypto wallets online and also form the old banks.

Application of TrustVerse

The blockchain is underused by the wealth management companies because of the low trust issues related to crypto-sphere. Here trustverse is playing an important role for personal digital and wealth management. This was designed with the help of Artificial Intelligence and blockchain. This is having an optimization engine powered with multi data financial portfolio and also AI deep-neural. There are many host tools for wealth management in the TrustVerse platform. trustVerse is playing an important role for personal dogotal and wealth. It gives services to the users which already have authentication by a technology which have been developed jointly by Microsoft.

ICO projects are not having any real use. So investors are not interested at all in them. The raising of $150 million took place in the year 2018 in the month of October according to the Icodata and with the help of token sales. This has been compared to $1.5 billion in the month of January in the same year. Vitalik Buterin is the co-founder of Etherium who claimed that blockchain space is reaching to that level where it may touch the wall. According to the Russian-Canadian programmer, the next steps involved in the real applications for the real activity of the economy. The blockchain is very much important today as it creates a trust for the peer-to-peer network. For transaction facility, it is one of the trusted third party.