Integrating blockchain technology can truly disrupt all sorts of industries. More than just the cryptocurrency aspect (Bitcoin), implementing the use of this technology can actually make life better.
As such, we'd like to share some case scenarios showing how blockchain can benefit us all. As people get to realize how efficient this innovative technology is, its real integration can happen faster.
Better retail experiences (for both stores and customers)
Considering the rise of ecommerce these past few years, the simplicity and convenience of shopping online comes with risks as well. Sure enough, there are lots of online shopping platforms to both buy and sell, but how does one tackle shipping and payment issues?
A trust system may work - but it’ll take time to build a reputation. What about payments? How can sellers be sure that they’ll get paid?
With blockchain’s fast and trusted layer in place, all these issues are resolved.
Speaking more about a trust system, blockchain technology can efficiently power up any sort of loyalty system out there. Essentially a customized and user-friendly rewards systems, certain actions can be triggered with points (or tokens), as a way to incentive clients for their patronage or purchase.
Ticketing/event registration purposes
Blockchain technology can also be integrated in ticketing services. Doing so adds another layer of security - no more ticket fraud, easier (and more fun) access for event participants too!
Aside from now being able to incorporate a convenient payment mode for in-game purchases, blockchain technology may very well serve to systemize several forms of gaming currencies and points.
Tons of heart for charity
Another beneficial way to make use of blockchain technology is through charity. Through the blockchain, donors are assured of both their security and their transparency - your money goes where it's supposed to!
Health is wealth in the blockchain
Considering the importance of medical data, blockchain technology can streamline the entire process of seeking the correct and proper treatment of a particular condition. Additionally, the technology can help in organizing medical records - no need for doctors and patients alike to spend too much time on getting the right answers.
Music does it better
Remember the Napster fiasco? For younger readers out there (who were born in an age where music can simply be streamed), musicians used to earn the bulk of their income through album or song sales. But due to the advent of online music, different ways to earn from your music now needs to be created. Through the blockchain, artists are given a fairer share of the pie as better licensing deals can be made.
Efficient logistic solutions
Getting stuff sent over in a fast and safe manner. That's how the blockchain works when it comes to processing data! Now, apply the same concept to logistical operations and you get a more efficient and streamlined process.
These are just some of the interesting and innovative ways to make use of the blockchain. What other scenarios do you have in mind?
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