Start a revolution in app development with Blockchain and ProvenDB.

The power of Blockchain

Blockchain, which started as the basis of cryptocurrencies such as Bitcoin, is essentially a distributed ledger that’s capable of recording and verifying a high volume of digital transactions. The technology behind Bitcoin is quickly becoming one of the most exciting developments in the world of technology. The possibilities are endless.

The popularity with Bitcoin helped demonstrate Blockchain’s capabilities in finance. Ultimately it creates a transparent, verifiable register of transaction data that is practically endless. Blockchain is a decentralized platform requiring no central supervision, making it impervious to fraud.

Blockchain technology is revolutionary and has the potential to disrupt and improve nearly every industry. Some believe that Blockchain technology could eventually be more important than the internet.

Blockchain technology has exceeded its beginnings in cryptocurrency: Annual global spending on Blockchain applications has almost tripled since 2017. The annual spend on Blockchain solutions will reach nearly $16B by 2023, according to CB Insights’ Market Sizing Tool. What we have seen up until now is just the beginning.

Traditional DBMS vs. Blockchain

Compared to a traditional Database Management System (DBMS), the Blockchain has many drawbacks:

• High latency and low throughput (poor performance)
• Limited storage capacity
• Anonymity but no privacy
• No structured storage
• Expensive transactions
• Poor developer productivity when building Blockchain applications

All of the above limitations are significant, but none is more significant than cost. The cost of storing a gigabyte on the Bitcoin or Ethereum Blockchain would run to the millions of dollars. Yikes!

Introducing ProvenDB

ProvenDB bridges the gap between database and Blockchain. Our product provides you with:

• Versioning of data: New data doesn’t overwrite old data — instead a new version of data is created
• Immutability: Selected versions of data are “pinned” to the Blockchain and cannot be altered.
• Tamper detection: Any attempt to tamper with database records can be detected by Blockchain technology.
• Point-in-time history: The state of the database at previous points in time is always available.
• Complete data provenance: You can view the entire history of changes to any data item.

Using ProvenDB, you can develop applications that use the Blockchain to prove ownership of intellectual property, prove the timestamps for legal instruments, prove that database records have not been falsified or tampered with, or maintain a complete track of document histories. Nifty, right?

Become a Blockchain developer!

Blockchain technology is poised to take over the way we work; the demand for Blockchain developers is significantly increasing. Why not empower your career by becoming a Blockchain developer? Gain a competitive edge for your products and upskill with Blockchain development.

Here are a few case studies or apps to build using Blockchain and ProvenDB:

Voting

Digital voting systems are gradually replacing paper-based systems, but people are still doubting the ability to secure the data and prevent it from being tampered with.

Digital voting systems are gradually replacing paper-based systems, but people are still doubting the ability to secure the data and prevent it from being tampered with.

Fair elections require authentication of voters’ identity, secure and anonymous record-keeping to track votes, and trusted tallies to determine results. An application could be created to serve as a foundational infrastructure for casting, tracking, and counting votes, eliminating the need for recounts by taking voter fraud and foul play off the table. Say goodbye to dictators serving their 12th term!

Securing votes as transactions, governments and voters would have a verifiable audit trail, ensuring no votes have been tampered with. Voting could be as simple as using a mobile or in the comfort of your own home.

Education

Verifying academic credentials remains a manual process that heavily relies on documented paper and case-by-case checking. Not the most modern approach, particularly for an industry focused on enlightenment.

Academic credentials could be universally recognized and verifiable.

By deploying a Blockchain application in education, we could streamline verification procedures, reducing fraudulent claims of un-earned educational credits. Secure and share student records, administrative tasks, learning materials for more accessibility, a network for parents to share experiences, and store learning-related data.

Taxis and Ridesharing

Taxi and ridesharing apps represent the opposite of decentralization as they operate as dispatching hubs that use algorithms to control their drivers and charge rate.

A Blockchain application could facilitate all transactions through a Blockchain system and introduce a distributed ledger. Drivers and riders could create a user-driven, value-oriented marketplace.

Allow drivers to establish their own rates by taking a percentage of rider fares while your application logs all interactions. Appeal to professional drivers, who would instead build up their own transportation businesses rather than being controlled. Allow drivers to set their own rates, build their recurring customer base, and offer additional services like deliveries or roadside assistance.

Car Sales and Leasing

Buying, selling, or leasing a vehicle is known to be a complicated process on all sides of the transaction, but the use of Blockchain could change that.

A Blockchain application could be made to streamline car sales, car leasing, and registration to transform into a “click, sign, and drive” process. It could also store vehicle history, so you are even more likely to end up with a Lambo over a lemon.

Customer transactions would be stored on the Blockchain’s public ledger. All ongoing and updated information would be stored. This would secure the history of a car, contact information, lease agreements, and insurance policies.

Cloud Storage

Companies that offer cloud storage often store customers’ data in a centralized server, which increases network vulnerability from hackers’ attacks.

A Blockchain cloud storage solution would allow storage to be decentralized and less likely to be attacked, causing systemic damage and widespread data loss. Your data can be monitored at all times, allowing you to be promptly notified if you’re at risk of a data breach to prevent it from growing.

Music and IP’s

Current systems in use to manage music rights and IP’s have a lack of transparency and security.

Blockchain technology offers the opportunity to accurately and securely track ownership of music rights. Additionally, using smart contracts, whereby the revenue on purchases of creative work can be automatically disseminated according to pre-determined licensing agreements.

If music right management were simplified and managed in a standardized manner, it would allow anyone to access and identify the owner of musical work efficiently and rights owners to sell or transfer their rights openly and securely.

Healthcare

Healthcare institutions suffer the inability to share data across platforms securely. Governments are finding this a complicated issue to remedy. Data collaboration between providers could improve the probability of accurate diagnoses, more efficient treatments, and increase healthcare systems’ ability to deliver cost-effective care.

Blockchain technology could allow hospitals, patients, and others involved with healthcare to share access to their networks without compromising data security and integrity.

A great solution would be an electronic ledger that gives doctors and patients more control over their data. This can have wide-reaching effects on medical studies and tracking the spread of pandemics.

Creatives

Digital artists compete in a market saturated with creatives passing off others’ work as their own and receiving un-earned likes and shares.

As Picasso is said to have declared, “Good artists borrow, great artists steal.” Perhaps smart artists use Blockchain?

While often the currency of up-votes and hearts has no apparent financial implication, it strips artists of their well deserved appreciation and exposure.

Blockchain technology has the potential to label intellectual property irrevocably. Whether it’s a digital artist, a scriptwriter, poet, graphic designer, or photographer, we can ensure that the work is proven to be their own.

A ledger and image rights platform could be created to allow an artist to auction, and securely register new and old work. A public registry could be made to track versions of the work, histories, and provenance.

Air Travel

Think about all the personal data you enter when booking a flight: name, date of birth, credit card numbers, immigration details, destinations, or even hotels and car rental information.

Blockchain technology can secure and reconcile data that can make a traveler’s journey feel safe and convenient — transforming a printed ticket into a digital token reveals a new layer for security.

Using smart contracts as part of the ticket token could help airlines create accurate logs of aircraft maintenance, prevent overbooking, and control the sale and use of tickets to provide verified experiences for customers.

A digital wallet built on Blockchain technology can securely turn miles into cryptocurrency that can be used with merchant partners. Reward programs and frequent fliers could instantly and securely use their points on a variety of purchases, not just additional flights.

This can be extended to other areas like finding lost baggage and tracking car rentals.

Postal Services

Postal services are widely known for inefficiency, being unreliable, and for being overly expensive.

Using Blockchain, you could help create a tracking system that reduces costs for Postal Services and saves postal workers’ time. You could implement a system that collects location data from many interconnected systems and deliver exact location details to the customers.

The assets that can be recorded and tracked using Blockchain isn’t just digital transactions — it also includes physical items, like shipping trucks. Blockchain can improve customer transactions, track shipments and employer management, protect assets, and increase employer efficiency.

It can help track contaminated food by tracking trucks carrying ingredients and noting if any safe storage conditions were maintained during delays.

It can additionally help optimize routes by matching truckers and items to be delivered with trucks in a specific region.

Food and Beverage

There has been a litany of disasters within the food and beverage industry for years, such as E. coli and salmonella exacerbated by product traceability issues, mislabeled products, and the list goes on.

Blockchain technology could help manufacturers and distributors with a decentralized ledger that records, stores, and tracks data. Blockchain could provide a way to monitor the food supply chain and trace contamination issues to its root.

It can benefit a food processor who can avoid sending harmful items to distributors; the retailer can cut down or respond more efficiently to recalls, mislabeled products, and the consumer can trust that what they buy is safe to eat.

Blockchain-based tracking can easily be applied as a QR Code. When scanned, it can show the product’s full history and journey right into a customer’s cart. A decentralized Blockchain system could improve transactions, market expansions, and product-specific logistics throughout the agriculture supply chain.

What does it all mean?

These are just a few ideas of how Blockchain technology and products like ProvenDB are poised to start a revolution in almost every industry.

Join ProvenDB and start developing your project with a Blockchain-enabled database today!

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