Decentralized technologies are addressing important business issues today, by filling four important roles:
Together, these components facilitate behaviors and functions, which are key for smooth dealings. The shared behaviors of BlockChain allow businesses to track product in their control, and follow it across participating vendors involved in the transactions. This gives a more complete view of the big picture, a quality business often inspires. The Permission control and validation functions within BlockChain, provides Uncompromisable secured access to authorized participants only. These invaluable benefits, combined with smart contracts, have made BlockChain technology the leading attraction in the global Business sector. But how involved is it?
Blockchain prevents the unauthorized sharing and distribution of digital content. It also perpetually stores and tracks the ownership and transfer of any stored media, providing accuracy in the ledger for proper compensations and royalties.
Medical records are stored, accessed and updated on blockchain technology with biometric security. By working with blockchain the burden in storage and transfer of data is alleviated among provides. Decentralized vital record systems on blockchain.
Blockchain can provide storage for authenticated Travel ID to be used instead of travel documents. This Identification cards, stored safely on blockchain technology, keeps track of trip information, loyalty programs statistics and payment details.
Blockchain enables advertisers and publishers to buy and sell advertising contracts transparency and efficiency, while reducing intermediary costs. Digital media protection with licensed validation and content use rights.
The origins of decentralized technology is finance. This industry can benefit from the secured and immutable properties of BlockChain for fund transfers, lending agreements, currencies and asset holding.
BlockChain technology stores data like assesments, transcripts, and degrees transparently and securely. Blockchain also facilitates verification associated to the transfer of knowledge between participants. Blockchain can also store Employment contracts, graduation certificates and career integration.
Eliminates security risk while enhancing connectivity and accessibility. Eliminating possible unauthorized access by breaking up the data into many smaller parts and storing the smaller parts in many different separate locations.
Decentralized distribution and transfer of energy are achieved with validation , and re-dispersed to the grid, while payment is secured to the submitter, and secured with micro-transactions sent to a blockchain, .
Blockchain has the ability to securely store personal identity data, sensitive background info, biometric authorized citizenship and Voting. Tracking social welfare and services.
distributed ledger, parties in a supply chain gain transparency into deliveries, shipment tracking and progress with other suppliers where trust doesn’t usually exists.
Information related to product origin, batch and processing are stored on Blockchain technology creating fast and exact supply chain data, including storage temperature, shipping and expirations.
Blockchain eliminates the need for authenticating and auditing data. Blockchain technology provides an immutable communication time log, storing sensitive collaborated data, shared between smart devices, autonomous vehicles and insurance providers with absolute accuracy and transparent claim settlements.
decentralized P2P marketplaces can track transactions with product information, bill of lading and shipment data stored on BlockChain.
Smart Contracts on blockchain technology store and track the contract parties, terms, transfer of ownership, and delivery of goods or services without legal intervention. All files and records are stored in a decentralized file system immutable and ultra secure.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Property registration, ownership, transfer, contracts and maintenance.
Decentralized Blockchain Technolgy empowers the infrastructure of tomorrow’s advanced applications. A positive driving factor of profound change across society, business and community. But before computers, or even electricity, decentralization was being applied by industry. Insurance, for instance, was started when a group of ship owners came up with a contract of mutual understanding to protect their ships. This agreement stated they all had a ship, and that if any one ship would get captured by pirates or damaged, that they would collectively cover the costs. Like Insurance, there are decentralized examples throughout history. The proven examples over time, only validated the adaptation of BlockChain into the business community.
Just like in the past, decentralization is revolutionizing the way we think, this time in technology. Blockchain will boost artificial intelligence application, along with the Internet of Things, creating secure, smarter, more efficient infrastructure across all sectors. Fundamental changes, that create safer bridges in the interaction between people, business, community and government. Pirate Coin, holding steady into the wind of change.
BlockChain is moving fast, and for good reason. McKinsey & Company, a global management firm for governments and NGOs, submitted a BlockChain Technology report in January 2017, to the US Federal Advisory Committee in reference to Insurance. They state Blockchain technology deployment will be at scale by 2021. They also believe that Blockchain will “have a material impact” within five years. View full Report. As predicted in the Mckinsey report, we have seen unprecedented movement in distributed technology. More and More Companies are adopting BlockChain and adapting it to their network structures. More on Migrating to the Block.
