Blockchain Technology: Revolutionizing Industries with 30 Real Life Examples - What's the Cost, Gain, and Impact?

Revolutionizing Industries: 30 Real-Life Blockchain Examples
Kuldeep Founder & CEO cisin.com
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Financial Services

Financial Services

 

1. Bitcoin Atom --A brand new branch of Bitcoin that enables everyone to easily swap cryptocurrencies with no trading charges and no trade hacks, making Bitcoin really decentralized again.

The technology relies on nuclear swaps--a priceless tool for measuring one cryptocurrency with a different (e.g. 1000 BTC using 56500 LTC) without the demand for a reliable third party. However, currently, widespread adoption of nuclear swaps has been averted since they require highly specialized abilities; something Bitcoin Atom will resolve.

2. Ripple--Ripple intends to be an international payment solution supplier by linking banks, payment suppliers, corporations and electronic asset trades to permit instantaneous, on-demand reimbursement worldwide.

3. Securrency--This really is really a trading platform for both cryptocurrencies and also any sort of asset such as traditionally illiquid assets to be traded via Securrency tokens.

This permits cryptos to be exchanged out of the committed exchanges.

4. Smart Valor--Having a mission to produce international investments easy, reasonable and accessible for everybody, Smart Valor democratizes access to international wealth and investment opportunities.

5. ABRA--A international program and cryptocurrency wallet which permits you to purchase, invest and save 20 cryptocurrencies such as Bitcoin, ethereal, litecoin plus much more.

6. Circle--Send cash via text with no fees owing to the UK-based firm.


Entertainment

Entertainment

 

7. Spotify--After Spotify obtained blockchain startup Media chain Labs, it had been to help create alternatives by means of a brand new database to join musicians and licensing arrangements with the paths in Spotify's service.

8. B2Expand--According to the Ethereum blockchain they produce cross-gaming movie games.

Their very first movie game "Beyond the Void" got into Ubisoft's startup app and they are the very first gaming business on Steam using a crypto market.

9. KickCity--Platform for both event organizers which permits them to pay just for what they buy, and also benefits community members by discussing these occasions.

Their goods generate approximately $50k per month with over 70k consumers along with 300 event hosts.

10. Guts--A crystalline ticketing ecosystem which uses blockchain technologies to get rid of ticket fraud along with also the secondary stock market.


Retail

Retail

 

11. Warranty--A blockchain program which makes it possible for customers to quickly access information concerning the goods they bought and receive support in the example of product error.

12. Blockpoint--Simplifies the invention of payment methods and enables cellular wallet, devotion programs, gift cards along with additional curricular functionality.

13. Loyal--Created by blockchain and intelligent arrangement technology this devotion and rewards system generates more personalized programs which permit for multi-branded rewards.


Exotic Automobiles

Exotic Automobiles

 

14. Bitcar--Fractionalized possession of collector automobiles made possible with a BitCar token.

Provide Producers and logistics

15. IBM Blockchain--Understanding the status and requirement of each product in your distribution chain from raw materials to supply is crucial.

Blockchain for distribution chains enables transparency using a shared list of ownership and set of all components and goods in real time.

16, De Beers--De Beers mines, markets, and trades over 30 percent of the planet's source of diamonds.

The business intends to utilize a blockchain ledger for distributing diamonds in the mine into the consumer buy. This transparency can assist the business and anyone who wants to confirm, validate diamonds are free of conflict. Fura Gems also intends to utilize blockchain in its own distribution procedure for emeralds, rubies, and other precious stone.

17. Food sector--The food business's advanced network from farmers into grocers makes tracking food-borne ailments challenging.

Blockchain can enhance the efficiency and transparency of finding out exactly what food may be infected and was during the distribution chain.


Healthcare

Healthcare

 

18. Medical Chain--The very first healthcare company utilizing blockchain technologies to ease the storage and usage of digital health records so as to produce an entire telemedicine experience.

They're actually practicing physicians in the united kingdom health care structure and would like to change the system from inside.

19. MedRec--To be able to provide any medical supplier safe access to individuals' records, MedRec utilizes blockchain to conserve time, cash and copying in processes involving many different providers and facilities.

Patients may also grant accessibility for their own anonymous medical documents for use for study.

20. Nano Vision--Trying to the catapult medical invention apart from conventional data silos and oblivious records programs, Nano Vision joins the ability of blockchain with artificial intelligence (AI) to collect molecular-level information on Nano Tokens.

AI subsequently sifts through the information to locate trends and examine connections which will lead to medical breakthroughs.

21. Gemβ€”With a goal to give patients control over their medical records and genomic data by using a blockchain solution, Gem has also partnered with Centers for Disease Control and Prevention to experiment with using blockchain to monitor infectious diseases.

22. SimplyVital Healthβ€”This platform sits on blockchain technology that empowers providers and patients to access, share and even move their healthcare data.


Insurance policy

Insurance policy

 

23. Accenture--Together with aims to boost productivity and efficiency over the insurance business, Accenture assembles blockchain solutions because of the insurance customers.

They interpret key insurance business procedures into blockchain-ready processes that exude confidence into the computer system.

Evidence of insurance National insurance business is presently analyzing a blockchain way to supply proof-of-insurance data named RiskBlock.

Finally, when this application is totally deployed it's going to assist law enforcement, insured and insurer affirm insurance policy in actual time and accelerate claims processing.

24. Proof of insurance--The nationwide insurance company is currently testing a blockchain solution to provide the proof-of-insurance information called RiskBlock.

Ultimately, when this tool is fully deployed it will help law enforcement, insured and insurers verify insurance coverage in real time and accelerate claims processing.


Real Estate

Real Estate

 

25. BitProperty--With blockchain and clever contracts, Bit property would like to democratize chance and generate a real-life society by enabling anybody anywhere in the world (except that the U.S.

and Japan because of regulatory issues) to put money into property.

26. Deedcoin--Instead of a normal 6 percent real estate commission, Deedcoin runs 1 percent and expects are the newest way for house sellers and buyers to contact real estate agents that take a lower commission.

27. Ubiquity--This Software-as-a-Service (Saas) blockchain platforms supplies a more straightforward user experience to safely capture property info to make sure a clean list of possession.


Charity

Charity

 

28. BitGive --This global contribution platform frees Bitcoin and blockchain technologies to provide increased transparency to donors by discussing real-time fiscal and job info.

Save the Children, The Water Project and also Medic Mobile are a Couple of the charities operating with BitGive.

29. AidCoin--As the study shows 43 percent of individuals do not expect charities, AidCoin expects to enhance this confidence with dispersed ledgers, intelligent contracts, and cryptocurrencies and also make the nonprofit sector more transparent.


Social Engagement

Social Engagement

 

30. Matchpool--"Matchmakers" are well rewarded for creating successful matches if it is relationship to freelancing to Uber and Airbnb.

There are many blockchain creations on the market it was a struggle to obtain out things to emphasize (check out an earlier article of mine to get much more blockchain illustrations).

A number of them are potentially tumultuous and it'll be intriguing to see how a lot of these can survive this first achievement stage. In the event the first dot-com boom is not anything to go by, then there'll be a number of casualties in the brief term but severe disruptions from the medium and longer duration.

A wonderful area to comprehend.