2023-02-21 21:06:13
Blockchain for the Future: A (growing) list of blockchain use cases (2/3)
Non-exhaustive list of blockchain use cases per industry.
Automotive
Track truthful, full history of vehicle from pre-production to sale
Supply chain parts management
Banking, Financial, Fintech
Streamline payments processing with high efficiency, fast and secure transactions
Empower global transactions, tearing down national currency borders
Minimize auditing complexity for any financial ledger
Charity
Tracking donation allocation, accountability, integrity
Reduce overhead and complexity of donation payment processing
Cloud Storage
Increased security with a shift from centralized data security to decentralized network
Lower transactional costs within a decentralized network
Crowdsourcing unused cloud storage
Commercial Vehicles and Transportation
Tracking journey stops; paired with IoT to create an immutable ledger of trip data
Credit History
Make credit reports more accurate, transparent, and accessible
Cybersecurity
Fight hacking with immutability of ledger
Guarantee validity with data integrity
No Single Point of Failure (decrease in IP-based DDoS attack success)
Donations
Provide auditable trail for donations to prevent fraud
Ensure crowdfunded campaigns receive donations and contributors are compensated
Education
Digitizing, verifying academic credentials
Federated repository of academic information specific to class, professor, and student
Energy
Bypass public grids to allow for cheaper, peer to peer energy transfer
Smart utility metering
Forecasting
Combined with machine learning algorithms, blockchain can provide a decentralized forecasting tool
Government and Voting
Reduce voter fraud, inefficiencies with verifiable audit trails
Minimize government fraud, digitize most processes
Increase accountability and compliance for government officials
Identity validation; integrity of citizen registry data
Gun Safety
Tracking gun ownership and possession related information
Tracking criminal ID history and attempts to purchase
Human Resources
Background checks: Verification of identity, employment history
Payment and benefits process validation — smart contracts
Insurance
Improve multi-party contracts
Streamline risk contract efficiency
Streamline claims adjudication
Reduce disputes with transparency of shared data
IOT
Ability for IoT applications to contribute transactional data to blockchains
Implications across industries (trucking/transportation, supply chain integrity, etc.)
Law enforcement
Integrity of evidence, resistance to falsification of case data
Documentation of time-stamped, chronological chain of facts
Legal
Smart contracts with defined rules, expiration, and accessibility for relevant parties.
Marketing
Bypass intermediaries, providing more cost-effective advertising
29 viewsAlanBKK, edited 18:06