Blockchain technology is one of the most innovative digital technologies in the age we live in right now. People mostly use it for business transactions and all it entails. You can also use it without the need for a central authority such as a central bank, which benefits many businesses.
However, blockchain has so many other uses and benefits. Thus, this article will highlight different ways you can use blockchain in real life.
Information On Healthcare
In a typical healthcare system, the most least-informed party are the patients, even if they’re the healthcare industry center. Health organizations lock away their patients’ health records, making it hard for anyone to access them. With the invention of blockchain, health organizations have moved their mode of record storage to a more digital one.
Blockchain allows patients to access most of their health information. They would give the patient a key to access their records.
Before the age of blockchain, about 1 billion people did not have a digital identity. This fact resulted in slow business transactions and an increased risk of fraud and theft while dealing online. Now, blockchain is making a significant breakthrough in getting people digital identities. Multiple people using blockchain, such as cryptocurrency and healthcare industries, understand the importance of digital identities and use it efficiently in their software. What’s more, this digital identity has an extra level of protection by using an authenticator app. This application makes users use passwords or tokens to access their sensitive information. Ultimately, this means you can completely control your digital identity.
Food security has a large global problem for centuries. Blockchain has made the production, processing, and transport of food more comfortable than ever. It does this due to its immutable nature of blockchain. You can trace food trucks accurately and swiftly. For when illnesses arise, blockchain