Top Promising Blockchain Use Cases
Blog: NASSCOM Official Blog
In the upcoming fiscal years, Blockchain is going to be a big demand. That is the reason the demand for learning Blockchain technology has increased among freshers and tech enthusiasts. To become a blockchain developer students are preferring Blockchain certification courses these days. There are various use cases in Blockchain which proves why learning blockchain is a must. Here is a few blockchain used case which is used for enterprises and governments:
- Banking and Finance
- Digital Identity
- Energy and Sustainability
- Government and the Public Sector
- Healthcare and the Life Sciences
- International Trade and Commodities
- Law
- Media and Entertainment
- Real Estate
- Sports and Esports
- Supply Chain
Few Potential Blockchain use cases are as follows,
Proof of Existence :
- Demonstrating data ownership without revealing actual data
- Document timestamping
- Checking for document integrity
Supply Chain Management :
As items change hands over a supply chain from production to sale, the exchanges can be reported in a perpetual decentralized record — decreasing time delays, included expenses, and human mistakes with Blockchain.
Record Keeping :
Data inserted and hashed into secure blockchains like Bitcoin creates permanent and unforgeable information. Projects such as Tierion utilize the Bitcoin blockchain to make “blockchain receipts”.
Cloud Storage :
Blockchain distributed storage cloud enables the capacity to be decentralized and in this manner less inclined to assaults that can cause data loss and damage. Ex.STORJ, an internet filesystem.
Identity :
Onename uses an ID system using Blockchain technology, used to create Blockchain ID’s, login to websites without any password.
Forecasting – Augur :
Augur is built on the Ethereum blockchain. The idea is to create a “predictions market”
Ascribe (Secure your work) :
Provides a lock in attribution, Certification of Authenticity, securely share documents, licensing of works.
Banking :
Payments, KYC, reduction of frauds, trading platforms.
Blockchain and IOT :
Universal digital ledger, ADEPT (Autonomous Decentralized Peer-to-Peer Telemetry) a decentralized system of IoT gadgets, IBM Watson IOT, IOTA, Freight transportation, Log operational maintenance data,
Government :
Online voting, registering land, real estate, devising public policy. Also, countries like Dubai, Estonia, USA, Georgia uses Blockchain for Digital Passport, Identity management, e-voting, smart contracts, public archives and land registry.
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