I believe that you have heard about that the blockchain is closely related to our life. So indeed What kind of convenience can the blockchain bring to us? The following will clarify it by listing several examples of the blockchain application scenarios of great advantages in life.
1)In the luxury industry, blockchain can help to avoid losses caused by counterfeit products. It is often difficult to distinguish between high imitation and authenticity through trademarks and quality, even for experts, and blockchain solves this problem by keeping records that cannot be changed from the raw material to the finished product. As a result, fake products cannot modify records and deceive the public. The efficiency of the blockchain network ensures that the verification of the authenticity of the supplied fashion goods is completed within a few seconds of arrival that the customer have no need to spend a lot of time and money on a professional accreditation.
2) It also involves public welfare that people often question — donations, because of the non-publicity of information and the opacity of the process, many donators will doubt the authenticity and whether the money is properly disposed of. Blockchain technology can easily track money, and share information through blockchain technology, so that we can observe who the payee of each donation is, how it is disposed, the rescue effect, and etc. So that the public know if the goodwill has been implemented, and more people will no longer worry about the operation of donation, more people will get help.
3) Blockchain technology can also be used for food safety tracking. For most packaged foods, the process is of extremely complex and with the involvement of many merchants. In our lives, food poisoning incidents are common, and it is utterly difficult to trace their root causes and recall toxic foods. And the company needs time to investigate, the consequences of this efficiency are unimaginable. But with blockchain, you can accurately track every product, every process. Blockchain can play a major role in anti-counterfeiting, not only in luxury goods, food, donation, but also in the field of medicine authenticity.
4) When it comes to medicine, blockchain technology can also be used in medical care. Even today, there are still many inconveniences in terms of medical treatment. For example, many patients’ medical history and diagnosis are recorded in paper form. If they are lost, they need to apply for a supplementary case. Medical treatment mode has a problem of poor continuity of medical treatment and poor communication when the patient is transferred to the expert, and the patient’s condition cannot be diagnosed and treated in time. Blockchain enables data sharing and is more efficient. At the same time, in terms of personal privacy issues related to medical data, the current measures are far from meeting the standards. Medical institutions do not use a lot of energy to maintain patient data information, and a mistake can lead to large-scale leakage. The patient may therefore suffer both physical and mental. Blockchain has a good effect on this flaw because blockchain is not affected by human error and data cannot be grasped by any entity.
5) How does the blockchain help the insurance industry? In this industry, many people use unfair means to obtain improper gains by using information asymmetry. It is difficult to have an effective countermeasure in this case, so the fraudulent incidents are endless. However, if the blockchain is applied to the insurance industry, personal information and medical information cannot be tampered with, and the insurance company can judge whether it is a fraudulent event based on these records. Second, the blockchain can improve claims efficiency, the process efficiency will be greatly improved, and the cost of personnel will be significantly reduced. Therefore, the insurance industry will undergo great changes.
In general, the feature of decentralization, transparency and traceability of blockchain can be applied to many aspects, such as audits, elections, stocks, etc. With the continuous development and gradually maturity of blockchain technology, the blockchain will penetrate our life, and we will also gain a new lifestyle and discover a whole new industrial chain.A new world will emerge from here.
