• Home
  • Archive
  • Tools
  • Contact Us

The Customize Windows

Technology Journal

  • Cloud Computing
  • Computer
  • Digital Photography
  • Windows 7
  • Archive
  • Cloud Computing
  • Virtualization
  • Computer and Internet
  • Digital Photography
  • Android
  • Sysadmin
  • Electronics
  • Big Data
  • Virtualization
  • Downloads
  • Web Development
  • Apple
  • Android
Advertisement
You are here: Home » What Are the Applications of Blockchain Technology?

By Abhishek Ghosh May 9, 2019 9:31 pm Updated on May 9, 2019

What Are the Applications of Blockchain Technology?

Advertisement

In an earlier guide, we talked about the basics on Blockchain Technology. Blockchain, often mistakenly counted as Bitcoin and Bitcoin mining related. The transactions Blockchain ensures properly conducted and recorded need not be just a monetary unit.

Currency, Payment Infrastructure, Digital Assets management of course big sectors which use Blockchain technology. Bitcoin started as a P2P digital cash system. Anyone can hold bitcoin and pay anyone without any need of middle man. We can use Bitcoin to send money all over the world. Merchant processing and remittances is slightly different than using bitcoin as a currency. The blockchain technology can be used to create digital assets such as stocks, bonds, land titles and so on. NASDAQ, Openchain are good example institutions who utilize Blockchain. Blockchain could eliminate a lot of friction and stock tampering.

What Are the Applications of Blockchain Technology

Identity, Verifiable Data, Smart Contracts are another set of domains where Blockchain is been used. Creating a verifiable record of any data, file, or business process on the Blockchain is possible. Some of the companies offer blockchain IDs to sign in to apps and web sites or digitally sign documents. Keybase is a good example of such. Same basic principle is been applied in passports, e-residency, birth certificates, death certificate, wedding certificate management.

Advertisement

---

Few of the games are based on blockchain technology. The Blockchain Game Alliance has been formed by Ubisoft, Fig etc gaming companies. Walmart and IBM trying to use a blockchain linked system for supply chain monitoring. Blockchain technology also researched for being used in music industry, insurance industry, IoT, online voting and in space. Blockchain data storage is a decentralized concept of storage. Anyone on the internet can store data at a pre-agreed price is the main motto of this type of cloud storage. Storj Labs is one of the company who started work in this area. From an Internet of Things (IoT) point of view, virtual currencies are a form of cash that can be easily transferred between things in an automated fashion and connection with blockchain is normal development path.

The Linux Foundation announced the creation of the Hyperledger Project and supported by big industry players like IBM, Intel, SAP Ariba. Hyperledger is a wider terminology to included the open source blockchains and related tools. In supply chain management, blockchain provides permanent transparency and validation of transactions shared by multiple supply chain partners. So, what the price farmer is selling how much quality is easy to verify by the customer.

Blockchain technology will not affect the way most consumers do retail business as the developers will insure that the change will be invisible. So, we can draw conclusion that whatever thing has repeated “transaction” from a broader view and needs permanent record can use the Blockchain technology.

Tagged With blockchain , applications of blockchain technology

This Article Has Been Shared 541 Times!

Facebook Twitter Pinterest

Abhishek Ghosh

About Abhishek Ghosh

Abhishek Ghosh is a Businessman, Surgeon, Author and Blogger. You can keep touch with him on Twitter - @AbhishekCTRL.

Here’s what we’ve got for you which might like :

Articles Related to What Are the Applications of Blockchain Technology?

  • Google Cloud SQL Sample Projects

    Google Cloud SQL Sample Projets hosts are free, Open Source, Collaborative sample Google Cloud SQL Apps which might be very useful for the starting.

  • Rackspace Cloud Sites Versus Rackspace Managed Cloud Servers

    Rackspace Cloud Sites Versus Rackspace Managed Cloud Servers – even Rackspace themselves will fail to give the aspects we can provide you ! Have a quick check.

  • Cloud Computing Open Standards and Interfaces

    Cloud Computing Open Standards and Interfaces promises more flexibility in the cloud. The article explains the benefits of open standards and interfaces.

  • Cloud Software vs On Premise Software : Users are Less Satisfied

    Several surveys revealing that the price policy and the license models are in the criticism. More and more are thinking about switching their software suppliers.

  • How Cloud Foundry, Kubernetes and OpenShift Can Be Compared

    How Cloud Foundry, Kubernetes and OpenShift Can Be Compared? OpenShift and Cloud Foundry are cloud platforms. How Cloud Foundry, Kubernetes and OpenShift Can Be Compared? OpenShift and Cloud Foundry are cloud platforms. So they can be compared. Kubernetes is container scheduler.

Additionally, performing a search on this website can help you. Also, we have YouTube Videos.

Take The Conversation Further ...

We'd love to know your thoughts on this article.
Meet the Author over on Twitter to join the conversation right now!

If you want to Advertise on our Article or want a Sponsored Article, you are invited to Contact us.

Contact Us

Subscribe To Our Free Newsletter

Get new posts by email:

Please Confirm the Subscription When Approval Email Will Arrive in Your Email Inbox as Second Step.

Search this website…

 

Popular Articles

Our Homepage is best place to find popular articles!

Here Are Some Good to Read Articles :

  • Cloud Computing Service Models
  • What is Cloud Computing?
  • Cloud Computing and Social Networks in Mobile Space
  • ARM Processor Architecture
  • What Camera Mode to Choose
  • Indispensable MySQL queries for custom fields in WordPress
  • Windows 7 Speech Recognition Scripting Related Tutorials

Social Networks

  • Pinterest (24.3K Followers)
  • Twitter (5.8k Followers)
  • Facebook (5.7k Followers)
  • LinkedIn (3.7k Followers)
  • YouTube (1.3k Followers)
  • GitHub (Repository)
  • GitHub (Gists)
Looking to publish sponsored article on our website?

Contact us

Recent Posts

  • The Importance of Voice and Style in Essay Writing April 1, 2023
  • What Online Casinos Have No Deposit Bonus in Australia March 30, 2023
  • Four Foolproof Tips To Never Run Out Of Blog Ideas For Your Website March 28, 2023
  • The Interactive Entertainment Serving as a Tech Proving Ground March 28, 2023
  • Is it Good to Run Apache Web server and MySQL Database on Separate Cloud Servers? March 27, 2023

About This Article

Cite this article as: Abhishek Ghosh, "What Are the Applications of Blockchain Technology?," in The Customize Windows, May 9, 2019, April 2, 2023, https://thecustomizewindows.com/2019/05/what-are-the-applications-of-blockchain-technology/.

Source:The Customize Windows, JiMA.in

PC users can consult Corrine Chorney for Security.

Want to know more about us? Read Notability and Mentions & Our Setup.

Copyright © 2023 - The Customize Windows | dESIGNed by The Customize Windows

Copyright  · Privacy Policy  · Advertising Policy  · Terms of Service  · Refund Policy

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT