3 things you (personally) could do better with a blockchain

NONA
NONA
Mar 22, 2018 · 3 min read

Quick recap: What it is

A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions, which means that trust and transparency can now be taken care of by technology. You want to send money to someone in exchange for a product or service or even just because? Normally you need a bank to handle that, and serve as a mediator and trusted third party, now you have a blockchain. You want to make an insurance claim? A smart contract on a blockchain can handle that for you automatically and pay you out as soon as you check into a hospital or a mechanic, for example. That’s why it’s such a big deal. It has the power to change everything.

1. Pay the government

In theory, you could use a crypto currency on a blockchain to instantly pay fines, taxes, and license fees as a blockchain keeps a record of your transactions in a public ledger that can’t be changed and works in seconds.

2. Get paid for art, information and content

You don’t have to put your stuff out there for free and hope that one day you’ll make a decent living off YouTube. there are already sites where engagements from the public translate to currency for you, like Steemit.

3. Prove that you own something

There are startups like Mamoru which are working to create ledgers, where ownership of your valuable assets can be recorded. Let’s say you have a diamond ring you inherited from your grandmother or something. You could, in theory, have your ownership of it recorded on a blockchain, which could never be changed. And of you were to sell it on a blockchain, in exchange for currency, it would also protect the next person and offer a reliable trail of ownership.

NONA

We are a leading software development studio focussing on Fintech, Blockchain and Logistics. Contact: studio@nona.digital

NONA

Written by

NONA

We are a leading software development studio with a focus on blockchain consultation and smart contract development. Contact: studio@nona.digital.

NONA

NONA

We are a leading software development studio focussing on Fintech, Blockchain and Logistics. Contact: studio@nona.digital