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Let us discuss where is blockchain used from the following points:
Blockchain is the digital, distributed, and decentralized ledger underlying most virtual currencies that’s responsible for logging all transactions without the need for a financial intermediary, such as a bank. In other words, it’s a new means of transmitting funds and/or logging information.
There are other uses for blockchain, too, beyond the currency setting.
You’re probably wondering what this potentially game-changing technology can actually do in the real world. Well, wonder no more.
Here are uses for blockchain technology:
Payment processing and money transfers
Arguably the most logical use for blockchain is as a means to expedite the transfer of funds from one party to another.
As noted, with banks removed from the equation, and validation of transactions ongoing 24 hours a day, seven days a week, most transactions processed over a blockchain can be settled within a matter of seconds.
Healthcare
Blockchain technology has several applications in the healthcare sector, but one of the key areas that is generating interest is that of electronic health records.
The idea is that a patient’s health records are stored on a blockchain that simultaneously authenticates the records and also makes them available to healthcare professionals around the world, should the patient choose to show it to them
Monitor supply chains
Blockchain also comes in particularly handy when it comes to monitoring supply chains. By removing paper-based trails, businesses should be able to pinpoint inefficiencies within their supply chains quickly, as well as locate items in real time.
Further, blockchain would allow businesses, and possibly even consumers, to view how products performed from a quality-control perspective as they traveled from their place of origin to the retailer.
Retail loyalty rewards programs
Blockchain could further revolutionize the retail experience by becoming the go-to for loyalty rewards.
By creating a token-based system that rewards consumers, and storing these tokens within a blockchain, it would incentivize consumers to return to a certain store or chain to do their shopping. It would also eliminate the fraud and waste commonly associated with paper- and card-based loyalty rewards programs.
Digital IDs
More than 1 billion people worldwide face identity challenges. Microsoft
) is looking to change that. It’s creating digital IDs within its Authenticator app — currently used by millions of people — which would give users a way to control their digital identities.
This would allow folks in impoverished regions to get access to financial services, or start their own business, as an example. Of course, Microsoft’s attempts to create a decentralized digital ID are still in the early stages.
Data sharing
Cryptocurrency IOTA launched a beta version of its Data Marketplace in November, demonstrating that blockchain could be used as a marketplace to share or sell unused data.
Since most enterprise data goes unused, blockchain could act as an intermediary to store and move this data to improve a host of industries. While still in its early stages, IOTA has more than 35 brand-name participants (with Microsoft being one) offering it feedback.
Copyright and royalty protection
In a world with growing internet access, copyright and ownership laws on music and other content has grown hazy. With blockchain, those copyright laws would be beefed up considerably for digital content downloads, ensuring the artist or creator of the content being purchased gets their fair share.
The blockchain would also provide real-time and transparent royalty distribution data to musicians and content creators.
Digital voting
Worried about voter fraud? Well, worry no more with blockchain technology. Blockchain offers the ability to vote digitally, but it’s transparent enough that any regulators would be able to see if something were changed on the network. It combines the ease of digital voting with the immutability (i.e., unchanging nature) of blockchain to make your vote truly count.
Real estate, land, and auto title transfers
One of the primary goals of blockchain is to take paper out of the equation, since paper trails are often a source of confusion. If you’re buying or selling land, a house, or a car, you’ll need to transfer or receive a title.
Instead of handling this on paper, blockchain can store titles on its network, allowing for a transparent view of this transfer, as well as presenting a crystal-clear picture of legal ownership.
Food safety
Yet another intriguing use for blockchain could be in tracing food from its origin to your plate. Since blockchain data is immutable, you’d be able to trace the transport of food products from their origin to the supermarket. What’s more, should there be a food-borne illness, blockchain would allow the source of the contaminant to be found considerably quicker than it can be now.
Immutable data backup
Blockchain might also be the perfect way to back up data. Even though cloud storage systems are designed to be a go-to source for data safekeeping, they’re not immune to hackers, or even infrastructure problems.
If you’re looking for a better career I personally suggest to go for blockchain professional certification
If you are wondering where to begin this journey? Then you should check the blockchain certification
But you first check if the institute has goodwill in the market and if this blockchain expert certification online is accepted globally or not. Check the review before applying.
From my experience I personally recommend to do certificates in blockchain certification from the GSDC website online.
As I have one reference for a blockchain for business certification I found one course on google they provide certificates
The certification cost is also affordable here.
The blockchain for business certification costs $200. This certification is from GSDC. You can check the syllabus on their official websites.
Cost : $200
Location: Online
The GSDC certification bodies provide blockchain for business certification online and it is valid and accepted globally.
Many of the reputed company employees have done this courses from here and give good responses and rated the blockchain certification
To get this certification you have to pass the blockchain certification online course exam from GSDC Institution.
GSDC’s certification is aimed towards sharing a deep understanding of all the advanced blockchain for business certification courses
The purpose of Blockchain Certification qualification is to confirm that a candidate has sufficient knowledge and understanding of the benefits of this certification.