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Monday, 29 April 2019

BlockChain Applications

Applications :
  • Crypto-Currency
  • Banking and Financial Sector
  • Real Estate
  • Supply Chain and Logistics
  • Election and Surveys etc.
Asset Management
  • Consider a product which is being sold cross-country
  • Multiple Parties are involved in the transactions :
            - Manufacturer
            - Wholesaler
            - Exporter
            - Importer
            - Retailer
  • Each one of them will have separate copies of ledger
  • Blockchain can help create single distributed ledger transparent to all and cannot be tampered by any party
  • Helps in resolving disputes


Property Management
  • A Property(Home / Office / Land) can be owned by multiple owners
  • A Proper Registration and Transfer is required.
  • A Central Authority (Government) should be aware of the transactions on this property.
  • Blockchain can help create single distributed ledger transparent to all and cannot be tampered by any party
  • Helps in resolving disputes




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