BlockChain is applicable in the following fields of human activity:
• 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 Vehicle 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 to 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 contributions 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)
• 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
• Media
Control of ownership rights
Anti-piracy / copyright infringement
Use of smart contracts for artist compensation/legal proceedings
Payment processing – cryptographic, secure, and anti-3rd party (this opens up content availability internationally)
• Medical / Healthcare
Drug Supply Chain Integrity
Patient Databases/Indexes on blockchain
Claims Adjudication
Medical Supply Chain Management
Transparency and Automation within the patient-to-hospital or patient-to-doctor transactions
Clinical trial provenance – integrity with an auditable trail of data exchange
Efficiency, privacy, and ownership of patient health data
• Music Streaming
Prevent illegal downloading of music
Provide proper compensation for purchased songs to artists
• Public Transportation/Ride Sharing
Streamline public transportation
Provide more accurate payment for ride, gas, and wear and tear
• Real Estate
Transparency within agreements
Verify Property Information, update and decentralize records
Reduce paperwork, digitize transactional processes
Record, track, transfer land titles
• Travel
Passenger Identification, boarding, passport, payment, and other documentation digitized and verified
Loyalty programs digitization and tracking
• Wills and Inheritances
Smart contracts to determine validity of will and allocation of inheritances