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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:

Few Potential Blockchain use cases are as follows,

Proof of Existence :

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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