Blockchain Use Cases


The name blockchain is what it is, a block of transactions linked together in a chain. Originally created to support cryptocurrency, Bitcoin, Blockchain technology has advanced and has the potential to revolutionize our lives, economy and world. One of the biggest things about Blockchain is that all transactions are public. This means that you can return everything to its origin.
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For example, imagine that a foodborne illness is emerging. Contamination can return from the dinner plate to the supermarket and the source of the product. Let’s take that transparency one step further. We live in an armed society. There are many weapons that are traded illegally. In addition to eliminating illegal trafficking in blockchain technologies, it will also be a way to account for the source of illegal arms trafficking. In addition to allowing transactions to be public, Blockchain transactions are also fast.
Blockchain can replace current trading platforms, as investors who sell shares through Blockchain will have instant access to their funds instead of the normal wait. Transactions in the blockchain happen very quickly, at low cost, and most importantly they are more secure than many platforms. Security is a huge factor in transforming Blockchain the way we know the world. Because of its design, Blockchain can’t worry. Its transaction books are decentralized, meaning that copies of those transactions exist and must be verified through nodes. Once a transaction has been verified, it is “closed” in a block and cannot be changed. Because this platform is so secure, it could also be used as a voting medium in the United States as well as around the world.

There are so many cases of corruption and fraud that voting using Blockchain would eradicate those fears. Again, everything is public. It’s immediate. And it is very safe. There will be no concern about changing votes or counting votes. This irreversible book will confirm this. In addition to being public, reliable and secure, Bitcoin is very cost effective. In most transactions, it will eliminate the broker. There will be no need for third parties to manage or review transactions. Companies will not waste security costs to prevent fraud because Blockchain has covered that. Companies can also use Blockchain to assess their supply chain and identify inefficiencies.

You find it funny how Blockchain started as a small platform to support Bitcoin and is now bigger than what was created to support this technology. Even though Blockchain technology is relatively new, there are many advantages to forgetting that are very good. Blockchain technology is transparent. All transactions are made in a large book. Blockchain technology is fast and cost effective. And ultimately, blockchain technology is safe and secure.



How Blockchain is changing corporate governance


Blockchain refers to the public cryptocurrency book, in which each cryptocurrency transaction is digitally signed to confirm its originality and to ensure that the information contained in it is not manipulated.
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Therefore, the operations recorded in the block chain and the general ledger are considered to be of the highest level of integrity.
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In the early days of cryptocurrency, people thought the blockchain was about bitcoin. Today, it is becoming clear that technology is more than just bitcoin or digital currency. But while the blockchain has the potential to revolutionize almost every industry, nowhere is it more influential than in charitable giving.
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For charities, the blockchain presents a rare window for transparency and honesty to make them more reliable in front of sponsors. Some of the problems posed by nonprofits are how money is spent and transparency is not an issue. Donors sometimes don’t want to give up because they can’t be sure where they’re going or with whose help they’re helping. Over time, such concerns can lead to disenchantment.
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This makes it difficult for charities to attract or retain sponsors. However, the blockchain is quickly building confidence in the system by showing philanthropists where their money is going. The technology makes the system completely transparent and easily accessible. Here’s how the blockchain improves transparency and trust in charity:

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  • The funds go directly to the cause that the donors are helping. With blockchain technology, donations no longer have to go through intermediaries. Instead, they go directly to the recipients and to companies that are in a position to support them. This support will reduce the chances of fraud or financial loopholes in the system and ensure that money does not get into the wrong pockets. They feel more encouraged to give the result to the donors.
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  • All transactions are traceable. Distributed books can be used to track transactions. Improved traceability makes it easier to control how funds are spent. As a result, donors can also see from a distance how people ended up donating their funds to charitable foundations.
  • Blockchain makes it easier to differentiate itself from fraudulent organizations in addition to scams. Since donations can be found through cryptocurrencies, it is easier for donors to identify organizations that promote their cause than for those who want to enrich a few individuals. That way, they know the right charities to work with.

Overall, blockchains and cryptocurrencies will help ensure efficiency and give sponsors the confidence to get the reason they accept their donation.
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Well-intentioned organizations need to embrace technology if they are to improve transparency, as well as to track and transfer funds quickly. Because of all this, platforms like Sponsy want to help businesses deliver greater transparency and trust through blockchain technology.
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Fear not, China does not ban cryptocurrency


After the financial crisis, in 2008, a document called “Bitcoin: Peer-to-Peer Electronic Cash System” was published, outlining the concepts of a payment system. Bitcoin was born. Bitcoin has gained worldwide attention for its use of blockchain technology and as an alternative to fiat currency and commodities. Named the next best technology after the Internet, the blockchain has provided solutions to problems we haven’t addressed or neglected in recent decades. I won’t delve into the technical side of it but here are some articles and videos I recommend:
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How does Bitcoin work under the hood

A smooth introduction to blockchain technology

Have you ever wondered how Bitcoin (and other cryptocurrencies) work?
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To date, until February 5, specifically, the Chinese authorities have just introduced a new regulation banning cryptocurrency. The Chinese government did so last year, but many have avoided it through foreign exchange. It has now hired an all-powerful “Chinese firewall” to block access to foreign exchange in an attempt to stop citizens from making cryptocurrency transactions.
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To learn more about the attitude of the Chinese government, let’s go back a couple of years back to 2013, when Bitcoin was gaining popularity among Chinese citizens and prices were rising. Concerned about price volatility and speculation, the People’s Bank of China and five other government ministries issued an official note in December 2013 entitled “Bitcoin Financial Risk Prevention Note” (link is in Mandarin). Several points were highlighted:
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1. Due to several factors, such as limited supply, anonymity and lack of a centralized issuer, Bitcoin is not an official currency, but a virtual commodity that cannot be used in the open market.
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2. Not all banks and financial institutions may provide financial services related to Bitcoin or conduct trading activities related to Bitcoin.
3. All companies and websites that offer Bitcoin-related services must register with the necessary government ministries.
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4. Due to the anonymity and cross-border nature of Bitcoin, organizations that provide Bitcoin-related services should implement preventive measures such as KYC to prevent money laundering. Suspicious activities including fraud, gambling and money laundering must be reported to the authorities.
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5. Organizations that provide Bitcoin-related services should educate citizens about Bitcoin and the technology behind it and not mislead people with misinformation.

In Layman’s terms, Bitcoin is classified as a virtual commodity (e.g., game credits) that can be bought or sold in its original form and should not be exchanged for fiat currency. It cannot be defined as money: something that serves as an exchange, an accounting unit, and a storehouse of value.
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Although the release dates back to 2013, it is still important in terms of the Chinese government’s stance on Bitcoin and as I said, there is no indication of a ban on Bitcoin and cryptocurrency. In contrast, regulations and education on Bitcoin and blockchain will play a role in the Chinese crypto market.
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A similar release was issued in January 2017, again emphasizing that Bitcoin is a virtual commodity and not a currency. In September 2017, the rise in the initial coin offering issued a separate note entitled “Note to Prevent the Financial Risk of Issued Tokens”. Soon after, ICOs were banned and Chinese exchanges were investigated and eventually shut down. (The retrospective is 20/20, they have made the right decision to ban ICOs and stop the senseless game). Another blow was dealt to the Chinese cryptocurrency community in January 2018, when mining operations were severely repressed, citing excessive electricity consumption.
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Although there is no official explanation for the measures against cryptocurrencies, capital controls, illegal activities and the protection of citizens from financial risk are some of the main reasons cited by experts. In fact, Chinese regulators have imposed stricter controls, such as a foreign exit restriction and the regulation of foreign direct investment to limit capital outflows and ensure domestic investment. The anonymity and ease of cross-border transactions have made cryptocurrency a favorite resource for money laundering and fraudulent activities.
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Since 2011, China has played a key role in the meteorological rise and fall of Bitcoin. At its peak, China accounted for 95% of the global Bitcoin trading volume and three-quarters of its mining operations. When regulators take steps to control trade and mining operations, China’s dominance has been significantly reduced in exchange for stability.

As countries like Korea and India continue to oppose repression, there is a shadow over the future of cryptocurrency. (I will repeat my opinion here: countries regulate cryptocurrency, not ban it). We will certainly see more nations coming together in the coming months to control the turbulent crypto market. In fact, the demand was kind of long overdue. Over the past year, cryptocurrencies have never heard of price volatility and ICOs literally happen every other day. In 2017, total market capitalization rose from $ 18 billion to $ 828 billion in January.

However, the Chinese community is very good, despite the repressions. Online and offline communities are flourishing (I’ve personally attended quite a few events and visited a few companies) and blockchain startups are sprouting up across China.

Major blockchain companies like NEO, QTUM and VeChain are getting a lot of attention in the country. Startups like Nebulas, High Performance Blockchain (HPB) and Bibox are also getting quite traction. Giants like Alibaba and Tencent are also exploring blockchain capabilities to improve their platform. The list goes on but you get me; It will be HUGGEE!

The Chinese government has also embraced blockchain technology and has stepped up efforts in recent years to help create a blockchain ecosystem.

In China’s 13th Five-Year Plan (2016-2020), it called for the development of promising technologies including blockchain and artificial intelligence. Fintech also plans to strengthen research on application regulation, cloud computing and big data. The People’s Bank of China is also testing a prototype digital currency based on the blockchain; however, it is likely to be a centralized digital currency that has been trampled with some encryption technology, yet to be seen by Chinese citizens.

The launch of the Blockchain Trusted Open Laboratory and the China Blockchain Technology and Industry Development Forum are other initiatives by the Chinese Ministry of Industry and Information Technology to support the Chinese government in the development of the blockchain.

A recent report by the China Blockchain Research Center entitled “China Blockchain Development Report 2018” (link to English version) outlined the development of the blockchain industry in China in 2017 including various measures taken to regulate cryptocurrency on the continent. In a separate section, the report highlighted the optimistic outlook of the blockchain industry and the massive focus on VC and the Chinese government in 2017.

In summary, the Chinese government has shown a positive attitude towards blockchain technology despite its involvement in cryptocurrency and mining operations. China wants to control cryptocurrency, and China will gain control. Repeated enforcement by regulators was to protect citizens from the financial risk of cryptocurrencies and to limit capital outflows. So far, legally, Chinese citizens are allowed to have cryptocurrencies but are not allowed to make any transactions; hence the ban on exchange. As the market stabilizes in the coming months (or years), we will certainly see a resurgence of the Chinese crypto market. Blockchain and cryptocurrency come hand in hand (except for a private chain where a token is not required). Countries can’t ban cryptocurrency without banning great blockchain technology!

One thing we can all agree on is that blockchains are still in their infancy. We have many exciting developments ahead of us and right now is the best time to lay the foundations for a world enabled by blockchain.

Last but not least, HODL!


The Future of Blockchain Teclnology in the Insurance Industry – Blockchainerz


What is Insurance?

Insurance is a method of securing money-related losses. It is a type of risk management that is primarily used to deal with the risk of an accidental accident.

The Insured may report any misfortunes or claims to the broker and send them with the necessary data to the Insurance Specialists, specifically to the Insurer, if applicable, to the Reinsurer. The accommodation of the claim is confirmed by a receipt made to the Insured.

From that point on, the Claims Agent may request further data from the application through an external source. After this step, if each condition is met, the claim is confirmed and the period begins through the Insurer’s Claim Agent. Insurance companies are faced with a variety of fraudulent schemes. From sharing an insurance plan after divorce to disguising herbal diagnoses. So how does the blockchain help in this area?

The future of blockchain technology is seen as a major hindrance to the image of the fourth industrial revolution and the potential for some organizations and companies including the insurance industry. The technology is still in its infancy, having just demonstrated what it can do: streamline printed material, increase information security, and eliminate the cost of replacement organizations by eliminating tedious case forms.

Find out about Blockchain technology:

  • Blockchain is an extensive and decentralized advanced registry that is up to date and has a record of the large number of exchanges made. Blockchain systems are intended to record anything from physical resources to electronic money and have open access to all encounters included.

  • After the verification process, the block of a transaction is timed and added to the block chain network in a direct sequential request. The additional block connects to the previous blocks, making a block chain with the data of each transaction ever made in the history of that block chain.

How Blockchain Technology Can Benefit the Insurance Industry:

Blockchain was familiar with the majority through Bitcoin, however, its applications go beyond electronic cash registration. It can also provide inventive and worrying changes in many non-financial industries, such as the insurance business model. In addition to recording electronic money and financial transactions, this technology can become part of an insurance, health project.

  • An insurance company mainly manages various procedures that include the insurance contract to be signed. Processes can include obtaining an insurance policy, valuing a customer, requesting or managing a fraudulent policy.

  • As blockchain technology deals with smart contracts, insurance industry specialists say that this technology can surely deal with the way insurance deals with customers. The insurance industry depends on a lot of data similar to many other industries. The blockchain enables all or most of the transactions related to data in this sector through smart contracts.

  • In this, a smart contract can drive, execute, and enforce the negotiation or application of an insurance contract through blockchain technology. Insurance contracts are unpredictable and understandable, so a smart contract can enable the productivity of the insurance estimate chain in all areas where time, effort, or money is spent on confirming information before preparing transactions.


Key points of the Blockchain affecting the insurance industry:

1. Improve confidence:

There is an emergency of confidence in the financial services industry. Although large banks are the main point, the disintegration of trust affects all businesses. Lack of confidence in the insurance business, high costs and inefficiency play into extremely high levels of underinsurance. Blockchain technology encourages the creation of customer trust as it provides fairness and transparency.

2. Improve efficiency:

Even if it changes the insurance agency or health care provider, it knows how the information section process wastes getting coverage or care to begin. Moreover, customers have an undeniable fear of losing control over their information. Blockchain provides a response to disk efficiency and security that would allow an individual to monitor individual information while the confirmation is registered in the blockchain.

3. Processing of enhanced claims through smart contracts:

Insureds and insurers now have problems that blockchain and smart contracts can solve. Insureds usually have long and confusing insurance contracts, while insurance agencies are struggling with extra scams. Through the blockchain and smart contracts, both would make profits by overseeing claims in a responsible and transparent manner. And it starts by recording and confirming contracts in the blockchain. At the time the claim is filed, the blockchain can ensure that only relevant or valid individual cases are paid. But when the network finds multiple cases in climates sent from the same accident, the blockchain can cause the division of the claim without human mediation, thus improving the speed of resolution of claims.

4. Detection and prevention of fraud:

One of the most compelling reasons why insurance agencies should investigate the blockchain is its ability to detect and prevent fraudulent or illegal activities. 5-10% of all expected cases are fraud. A decentralized blockchain technology store and historical record to autonomously verify the authenticity of customers, policies, and transactions. Every insurance agency needs to make a move today to find out how blockchain innovations can affect the way we work together today and later.

This way blockchain technology will help or participate in the insurance industry in the future. If you need to update your concepts or would like to read the latest news related to Blockchain & Cryptocurrency Technology at this time, please stay connected with us.

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What is Blockchain?


Blockchain is an undeniable resource invention that is almost revolutionizing the global business market. Its evolution has led to greater wealth, not only for companies but also for beneficiaries. But as it is a revelation to the world, the focus of its operational activities is still unclear. The main question is on everyone’s mind: what is Blockchain?

For starters, Blockchain technology serves as a platform that allows the transmission of digital information without the risk of copying. Somehow, it has laid the foundations for a strong backbone of a new kind of Internet space. Originally designed to deal with Bitcoin – trying to explain to the layman about the functions of its algorithms, hash functions and digital signature properties, today technology enthusiasts are discovering other potential uses of net invention, which could pave the way for the start. a completely new business process in the world.

Blockchain, to be defined in every sense, is a type of algorithm and data distribution structure for managing electronic money without the intervention of any centralized administration, which is programmed to record all financial transactions and everything of value.

Blockchain operation

Blockchain can be understood as a distributed technology led by Ledger, which was initially created to support Bitcoin cryptocurrency. But after harsh criticism and disapproval, the technology was revised for use in more productive things.

To give you a clear picture, imagine a spreadsheet that is magnified almost a ton of times across multiple computer systems. And then, think that these networks are designed to update that spreadsheet from time to time. This is, in fact, the blockchain.

The information stored in a blockchain is a shared page, and the data is occasionally merged. It’s a practical way to talk about the many obvious advantages. To be with this, block chain data is not in one place. This means that everything stored in it is open for people to see and check. In addition, there is no centralized platform for storing information that can be hacked by hackers. Nearly one million computer systems are accessed side by side, and its data can be consulted by anyone with an Internet connection.

Sustainability and authenticity of the blockchain

Blockchain technology is something that reduces the space of the internet. It has a strong character. Similar to providing data to the general public around the world, real blocks of information are stored on a blockchain platform that is equally visible across all networks.

It should be noted that the blockchain cannot be controlled by a single person, entity or identity and does not have a point of failure. As the Internet has proven to be a sustainable space for the last 30 years, the blockchain will also serve as a truly reliable and global stage for business transactions as it continues to develop.

Transparency and incorruptible nature

Industry veterans say the blockchain lives in a state of consciousness. He almost checks from time to time. It is similar to self-inspection technology, where its network, which is known as a blockchain, regularly merges each transaction.

This creates two main properties of the block chain: it is very transparent and at the same time cannot be damaged. All transactions made on this server are embedded in the network, so all things are made very visible to all audiences. It also requires a lot of effort to edit or delete information in the blockchain and a high computing power. Among these, fraud can be easily detected. This is why it is called incorruptible.

Blockchain users

There is no set rule or regulation on who can use or what this clean technology can use. Although today’s potential users are just banks, commercial giants and the global economy, technology is also open to people for day-to-day transactions. The obstacle block chain has worldwide acceptance.


In the world of Hyperledger Blockchain. What sets it apart from other solutions?


Surely everyone has heard the words Ethereum and Bitcoin. As part of the blockchain world, they have gained worldwide attention through their extensive media coverage. Overall, blockchain technology has gained business interest because of its decentralized, unchanging, and transparent nature. Other notable projects that have emerged in recent years include Hyperledger.

What is Hyperledger?

It is an open source project organized by blockchains and related tools organized by the Hyperledger Linux Foundation. It was founded in 2015 and aims to advance the industry in blockchain technologies. Hyperledger does not support cryptoconferencing and does not replace a traditional cryptocurrency network or blockchain system.

So what’s the point of Hyperledger? The project aims to facilitate developers, and companies are working on blockchain adoption. The blockchain solution provides the necessary standards and infrastructure for the development and implementation of various industries.

In the deep structure of the hyperperger

The Hyperledger project can be seen as a base for open source development tools and libraries and as a house with modular structures under the roof.

One of the most widely used digital books is called Hyperledger Fabric. It is an authorized blockchain infrastructure that serves as a basis for building modular architecture applications or solutions.

Hyperledger Besu is an Ethereum client designed to be used for both public and private use of authorized networks. The following Hyperledger Burrow framework is based on smart contracts and represents the entire single-binary distribution of the block chain that supports EVM and WASM.

Hyperledger Indy can work autonomously or even interact with other blockchains. Indy was developed for decentralized identities, in fact. A distributed modular platform is called Hyperledger Iroha. The framework includes a role-based authorization model and multi-signature support. Iroha is adapted for digital asset management systems and is used to manage identity and serial data. As part of the Hyperledger system, there is no cryptocurrency here either.

The Hyperledger Sawtooth digital book offers a modular architecture where smart contracts can set business rules for applications without having to know the underlying design of the system. Sawtooth uses the Python programming language and facilitates the deployment and maintenance of the latest software.

Hyperliter applications compared to other corporate solutions

Let’s look at the differences between traditional web portals and blockchain-based solutions. The former lacks speed, security, and traceability, and the blockchain improves the high speed of transactions and the security offered by smart contracts and encryption. In terms of Hyperledger dApp, in particular, they stand out for their ability to handle complex business processes in a matter of hours.

There are several major differences between unauthorized blockchain solutions and authorized Hyperledger applications. Unauthorized blockchain solutions involve zero regulation, support anonymous cryptographic identities, and generally replace public systems in a shared library. Counterfeiting tracking is code-based and transactions cannot be changed.

Hyperliter applications are public and private systems where workflows are monitored by regulators. Participants in Hyperliter applications are real and identifiable, they also track transaction identities.

In general, Hyperledger guarantees the exchange and cryptographic validation of data on the terms and conditions of the contract. The toolkit is rich with platforms and frameworks that can be chosen according to the specifications of the business. Ultimately, implementing the solution will help consolidate databases, improve performance and scalability, minimize fraud risks, protect sensitive data, and mitigate ROI.

Hyperledger ready to take on industries

Hyperledger has already entered several areas such as supply chain management, retail, healthcare, FinTech, IoT, banking and manufacturing. Companies that use the technology include Walmart, Amazon, Nestle, Visa, Maersk, the Savings Bank of China and others.

To start your business innovation through Hyperledger adoption, you need to choose a Hyperledger development company that will design a customized solution to meet your business challenges.


How can Blockchain increase your profits in Banks?


All industries are revolutionizing through technology in the digital economy and it has brought about tremendous changes. The banking industry is no different. Banks have successfully embraced the future of digitalization. We are at the peak of the radical revolution and yet most do not know it. Even individuals who appreciate the potential of blockchain technology only look at bitcoins. When an individual goes deeper and understands how the blockchain works and understands its consequences, they will inevitably become aware of its importance.

Blockchain is a distributed book that stores a comprehensive and unedited record of all important information related to the digital transaction. This book allows you to settle transactions instantly and firmly. Blockchain is a banking blockbuster that reduces the time required to complete a payment and eliminates redundant processes. Blockchain technology has the potential to disrupt banks. In a world where billions of people do not have access to banking, blockchain technology can have a huge impact. Residents of developing countries with limited access to banking would have the opportunity to create an account and conduct transactions internationally. It will also allow citizens to have secure and reliable transactions between participants without the need for centralized control or intermediation.

It is not surprising that financial institutions study the special capabilities of the blockchain. Financial institutions can also use it to better understand market movements and increase transparency. Blockchain technology reduces bank infrastructure costs and allows for faster processing time. Data management is a big problem in banks, but with the help of blockchain technology banks can store any type of data and allow this data to be accessed only according to predefined rules.

Trade finance is a major area within banking that can be transformed as a result of blockchain technology. Outdated banking processes need to be updated in terms of cost and efficiency. Blockchain is the best platform for finding the best network for parties to join parties without third parties and making every transaction secure.

Payments, fast transactions or transparency, key blockchain efficiency, cost-effectiveness and properties with secure transactions are the reasons for the growing popularity among financial institutions of this technology. Blockchain technology has enough potential to change the entire banking system. But much more needs to be done to make financial institutions and residents fully aware of the implications and benefits of the blockchain. However, there is no doubt that blockchain technology holds the key to improving the banking system. The use of this technology can bring many effective benefits to the banking industry.


How Can Blockchain Consulting Achieve Your Business Performance?


It’s not critical in nature, if you’re conservative and continue to use tools that are common over time, try to adapt to the modern requirements of your company and hopefully eventually everything will work out well. But what good is reinventing the wheel? Why not give innovations a chance and reap the benefits?

You should have been familiar with blockchain technology and dared to think about implementing it in your field – it’s awesome! To be aware of the technology, not to make mistakes in the implementation process and to anticipate all the events, it is better to turn to blockchain consultants for help. Make sure you get a great result.

Why You Should Go to Blockchain Consulting Services

You need to know that the blockchain has worked its way into so many areas that once you start counting you stumble pretty quickly. Why? Blockchain technology offers many opportunities for users who are eager to experiment with this great tool. Before you join, we encourage you to use the services of professional consultants, and let us guess why.

First, blockchain consulting experts have the necessary information and experience to understand the specific requirements of each company. They know how to apply block chains very well and know them from the inside out. Another positive aspect is that blockchain consultants keep a loop around the latest trends and opportunities, so they are committed to presenting the best possible blockchain solution.

You’ll also be amazed to learn that blockchain advisors can suggest organizing special workshops for your employees. This will allow them to learn the ropes of sophisticated use of technology and share a vision for the future.

Needless to say, using blockchain consulting services is more cost effective compared to people who will work full time (here you need to consider human resource issues, some employee bonuses, etc.). Also, it’s pretty obvious that blockchain consultants are definitely not needed: they’ll help you grow your business, give you the details you need about technology, and certainly every time you need extra help in the future, they’ll be by your side. So you can also consider this factor.

How You Can Benefit From Blockchain Advisory Services

The main advantage of working with blockchain consulting companies is that you can be one hundred percent sure that a team of outside professionals will work with you and ensure that you get full coverage on your blockchain implementation in your company. They will explain the benefits of using blockchains (including a detailed and complete description of expert estimates and comments). They will also investigate the existing problem, if any, and explain how the blockchain can be fixed.

Another important thing to note is that blockchain consultants are well aware of how a distributed network works. You may be surprised and wonder why this is important. Look, blockchain technology is based on distributed networks in which smart contracts and decentralized applications run. Advisory services show clients how the blockchain network works and suggest solutions for themselves.

Also, let’s look at an organizational aspect. The blockchain industry has specific regulations that all business owners must follow. Blockchain consultants, for their part, review these regulations and provide you with all the details you need to know. What’s more, they will help you deal with any issues you may have, based on previous experience working with other clients.

Hopefully, the events described above will be credible enough for you to wear a hat for your reflection and trust the blockchain consultants. Make sure that your business will flourish and that you will be very happy with the result.


5 Ways Blockchain will transform the life of an ordinary man


When all the media is informed about the prices of cryptocurrencies, you can ask how it affects an ordinary human being. At the heart of cryptocurrency and other digital currencies is Blockchain technology.

There are many industrial and administrative problems that technology can solve for the common human being. Are you a small business but often find it lacking in transparency due to traditional communication methods? Have you ever had higher than usual medical bills? Since you are a business owner, is it a problem for you to find legitimate candidates? These problems are intended to provide a solution to entrepreneurs, startups, small businesses, people and Blockchain technologies to make the life of an ordinary human being much easier through simplified solutions.


The bank is still focused on high-intensity paper transactions in almost every country, for any money transfer, record keeping or other back-end functions. Blockchain technology can replicate in digital format and create a decentralized book that allows not only bankers but also customers to access a single source of information. This system allows banks to eliminate fraudulent opportunities, digitally verify asset ownership documentation and credentials in their Blockchain library, in a variable format that can be accessed at any time.

Identity theft is also a major problem in the banking sector as it is used to steal citizen information and open fraudulent accounts for illegal activities. According to the Federal Trade Commission’s online complaints database, more than 13 million complaints have been filed for card fraud and identity theft, of which 3 million were filed in 2016 alone. Through a blockchain system, customers can directly view all accounts that own their name and immediately notify their respective banks if they detect any suspicious activity in their bank details. Known examples include the IBM-sponsored Hyperledger Fabric project and UBS’s Utility Settlement Coin.


Blockchain technology can incredibly simplify health and make medical data management much easier. The fact that patient records are widely available makes research on drug development much more convenient, and also reduces the effects of counterfeit drugs. Clinical trials and their results are available in a decentralized network for health specialists and researchers to conduct research and find solutions for better health. Accenture is one of the largest companies to start offering innovative healthcare solutions for the medical sector to conduct secure and fraud-free transactions.

Medicare fraud can also be reduced through blockchain billing management, as the billing system can be fully automated without any scope for intermediaries to engage in fraudulent activities. With more than 56 million people under Medicare in 2017, the government has ripped off more than $ 1.3 billion from fraudulent activities by rehabilitation facilities and home health services. Blockchain systems can effectively protect citizens who require medical care from health care providers who overcharge their services through fraudulent billing practices. Centralized data helps medical professionals to provide treatment based on the patient’s and his or her family’s history, but it also eliminates the patient’s chances of remembering past symptoms or disorders badly.

Public records

One of the most important functions of a government’s civic administration is to record all information about citizens. This includes information about individuals and companies regarding their assets and activities. Most of the recorded information is recorded in paper databases, and data management is very difficult even in developed countries.

Blockchain-based systems like Ubitiquity can encrypt all public records in a digital book so that citizen data is not altered by fraudulent activities. Identity theft is a problem that can be very difficult for the administration and digitizing all public information can help prevent manipulation to prevent such cases of criminal activity.


One of the biggest limitations of the voting system in almost every country is that even today voters have to be physically present at polling stations to be able to vote and make things harder for people who have to travel on election day. More importantly, there is no way to verify the results of the survey to the average citizen.

Blockchain development companies like Followmyvote offer solutions that seek to make online voting a reality. It will allow citizens to publicly view detailed information about the classification and results of surveys and many other statistics. In addition, criminal activities to force citizens to vote in countries in internal or external conflict and to force citizens to vote for specific candidates can be completely avoided.

Hiring companies

Companies of all sizes have difficulty finding the right employees. With blockchain technology, it is possible for companies to verify the credentials of all applicants through a digital database. Blockchain technology can be applied to create a decentralized database of professionals with accredited degrees in a secure library where businesses can refer to hiring candidates. Learning Machine is a New York City company that seeks to address this issue by focusing on recording verifiable information about new employees.

Tax or employment fraud accounts for 34% of all identity theft since 2016, and the blockchain system makes the hiring process for any business much more secure, as a company would only get valid candidates, reducing the risk of hiring fraudulent employees. . It also helps applicants speed up the recruitment process and helps them find the right jobs and have a smooth application process.

The use of blockchain technologies helps individuals and businesses, and also protects personal information by making relevant data publicly visible. Although the blockchain has the best cryptocurrency application, its use can also be extended to other sectors to provide meaningful solutions to citizens around the world.


Facebook is expanding its Blockchain division with the new leader


The tech giants are crawling the blockchain and Facebook won’t be left behind. The company has reportedly promoted Evan Cheng as one of its chief engineers as Director of Engineering for his new blockchain division.

Turn on blockchain splitting

Last May, the head of Facebook Messenger, David Marcus, announced that he would leave a message to help the company explore the uses of blockchain technology.

“I’m creating a small team to explore how to make the most of Blockchain on Facebook, starting from scratch,” Marcus announced in a post on his Facebook page. It has been months since Mark Zuckerberg, CEO of Facebook, began exploring the possible uses of cryptocurrencies for Facebook. Blockchain is the leading technology behind cryptocurrencies that made Bitcoin popular.

Joining Marcus is another major engineer on Facebook.

Put it seriously around the block chain

Now that one of its top engineers has moved into the blockchain division, the social media giant appears more serious than ever. Evan Cheng’s LinkedIn profile supports his transfer, as he recently became the Director of Engineering at Blockchain. Previously, Cheng was known as Facebook’s Head of Programming Languages ​​and Executions. He had been in office for three years.

Previously, Cheng was with Apple and worked as a general manager for low-level tools. He also has experience in background engineering and compilation technology. Cheng’s career showed him showing tweets about the blockchain. He also previously worked as a divider for some blockchain start-ups like ChainLink and Zilliqa.

“It simply came to our notice then [Cheng’s promotion] not just an exploration project, ”TechCrunch cited a source that controls the blockchain space. According to the same source, placing Cheng in the blockchain distribution means the project is important because it knows a thing or two about scalability and performance.

In the first quarter of 2018, Facebook has 2 billion active users worldwide, making it a target for security threats because of the large amount of valuable information it currently has. In recent news, the company has been involved in various data breach scandals, in which 87 million users have collected data from Facebook and used it in political campaigns. However, the number of monthly users is still up 13 percent compared to the first quarter of 2017. Given the significant impact that social media has on today’s society, it’s time for Facebook and similar social networking sites to find ways to protect users from unscrupulous manipulations.

Facebook’s move to explore the blockchain may be one of the steps to address these issues. With Blockchain’s decentralized and unchanging design, it’s great for streamlining processes as well as manipulating data to enhance security in many industries.