💰 The digital currencies are getting popular day by day. Many different sectors are using this technology to make advancements. One can say that that the ICO, blockchain and cryptocurrencies are shaping our lives. Blockchain is not controlled by one server and is decentralized; therefore, there is greater security and not bound by any government regulations.
🧿 Advertising and marketing — It is an important aspect of today’s industries, and blockchain advertising ensures a direct link of the consumer with the producer that makes it more effective. Recently, Basic Action Token (BAT) is a popular advertising service utilizing decentralization mechanism.
🧿 Education sector — blockchain technology provides transparency in record keeping and easy transaction of fees. Moreover, it exempts the paperwork too. The recent examples are the University of Nicosia and MIT, who launched this technology.
🧿Financial sector — It is being strengthened by fast transactions, high security and cost-effective rate. Bitcoin is largely being used for decentralized payments, and other altcoins are also striving to make advancements in the financial sector. In the government domain, the system of voting can be made transparent by the use of blockchain technology. Also, the record keeping process can be made more effective. Switzerland has used this technology in the voting process. Estonia and Dubai are also taking initiatives in this regard.
🧿 Health segment — has got a lot of advancements in terms of easy payments and for effective record keeping of patients. MedRec and Tierion provide decentralized storage for medical records. The insurance companies can also use blockchain technology for a direct link with customers without any interruption. Currently, many companies are using this technology like SURETY, RYSKEX, etc.
🧿Gambling sector — with cryptocurrency not only started gaining popularity, these currencies offer special benefits that other traditional funding methods at online casinos can hardly compete with.Using blockchain technology several companies are now offering a different betting system, a more fair and transparent one that gives users instant access to earnings, trackability for every transaction and also 0% house edge.
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