Application of Blockchain in all sectors
Blockchain transformation is upon us. It all started with Bitcoin. It first appeared in 2009, and from there the growth has not stopped at all. We can say that we are currently at a stage where Organizations and Enterprises start adopting it. Its impact is undeniable, and industries are following the trend.
Law and Crime
The blockchain maintains the integrity of the data and hence provides a great place to store all the evidence. It can also be distributed without worrying about tempering and adds the necessary layer of security which adds meaning and trust to law enforcement.
Illegal ownership and use of guns are on the rise in many states across the world. With blockchain, we can have a system where each gun can be accounted for. The infrastructure will track each weapon that leaves the factory and helps stop illegal gun usage and export. The information once stored can also be retraced whenever needed. This means that if a gun is used in a crime, it can be traced back to its original owner or its origins can be known instantly.
The blockchain is making business transportation more secure, cost-saving and helping logistic companies be top of their game. It does it by allowing easy data coordination using DLT. They can also utilize smart contracts to automate most of their transportation pipeline or create a custom solution to enable transportation for fragile and sensitive products easily.
The automotive industry is growing rapidly in the past decade or so. With self-driving cars already out and shipping, it is now high time for the automotive industry to make use of the blockchain. The revolution has already started as IOTA showed their proof-of-concept with Volkswagen and showed how their IOTA tangle system could work for the autonomous cars.
The last aspect of transportation that we want to discuss is the public transport. Public transportation always demanded improvement by the general public and government is also working towards improving it over time. With blockchain transformation, things will change drastically.
The number one aim for government is to get their governance right. It includes having a proper transparent voting system, providing citizen right and minimize frauds in the system. Governance also includes decision-making process and ensuring that law and order are maintained at any cost. With blockchain, governments are exploring more automation through smart contracts and bringing the much-needed change in network, project or fund governance.
The travel industry is booming almost every year. For the government, it means that they need to revamp their systems so that they can make better passenger identification, store better travel information and make the passport boarding information more automated. Governments are already deploying their way to make traveling more automated. Identification, for example, will be automated, all thanks to digital identity created for individuals to the blockchain. It will make it easy to clear customs, board a plan and do other travel tasks.Passenger's data can also be stored in the blockchain, making them easier to track and manage.
For governments, providing a healthcare that is sustainable, scalable and secure is more important. They are doing it all, thanks to the blockchain transformation. Hospitals or professionals can communicate with each other better and also provide effective treatment. The government can also keep records of the patients and bring healthcare services to the needy. Also, all the data stay secure.
Education is also been transformed by blockchain. Not only government organization, but private organizations are also seeking blockchain education apps. The first step is to make academic credentials verifiable through blockchain. This will give security, transparency, and freedom to check and retrieve credentials the way they want. It will also remove the documentation.
Human Rights and Contributions
There is a blockchain transformation in the contributions sector. It enables donations to be transparency and encourage more people to donate. Also, donations can be tracked to the very end making it easy for donations to know where their money went.
The voluntary organization is very similar to contributions which can be used to track all the donations ensuring there is trust in the system. Integrity is also maintained ensuring that no data is changed after the donation is made. The voluntary organization will also reduce the complexity of the whole donation process.
Right to Information
Right to information is the basic human right. Right now, anyone wants to know anything have to go through a complex process of filling forms and then waiting for days to get a reply. Different countries work differently which makes it even harder to exercise your right to information. Information such as employees history, identity verification, payment process, and others all fall under the power to information sub-category. Blockchain transformation can facilitate a proper process by providing proper data management and access to information.
Smart contacts can also empower inheritance and help blockchain transformation. It is best known as the digital inheritance which means to transfer your digital assets to someone else when you die. And, you would be surprised to find out that there are already crypto-inheritance services out there.
Legal industry will be changed with the help of blockchain and smart contracts. It will give rise to legal contracts that take advantage of the smart contracts and live on the blockchain. This way, intellectual property can be maintained by the owner without worrying about it being stolen.
Property and Land
The legal contracts can also influence property and land. Right now, it is all about having the right paper works. Sooner or later, everything will be digitized, and blockchain will provide a suitable means to register deeds, property ownership and so on. This will remove any scams or change of deed without the notice of the owner itself.