Top Blockchain Use Cases and Applications Worth Exploring in 2020
Blockchain use cases and applications worth extra attention in 2020, based on PixelPlex R&D department research.
Even if it seems no big deal to google the blockchain use cases that are to hit next year, chances are you’ll have a tough time scraping through the hell of inarticulate copypasta. We’re so getting your point! For Common Sense’s sake, we’ll put it as clear and short as we can.
Anyways, whenever you need details, reach out to us — we’ll get back in the blink of an eye. Or maybe just a little later.
Medicine & Healthcare Blockchain Use Cases
Health & Life Insurance
And yep, security topic is never dead. Distributed ledger tech comes in handy for validation of agreement and transaction records. Once a fake claim or other fraudulent data gets submitted, smart contract alerts insurers or clients on that. No Big Brother watching — complete order and control though.
Blockchain in EHR & Patient Data Storage
The only thing that can be more distressing than visiting a doctor is finding that your diseases are the talk of the town. And yep, among the most apparent blockchain use cases we can’t but mention smart contract-based EHR data storage. Digital medical records are the low-hanging fruit — hackers will always be aching to kick in. So, forewarned is forearmed, right?
E-Medicine & Healthcare IoT Blockchain Use Cases
Quite naturally, healthcare tech contributors aren’t swimming against the current. They quickly got it that blockchain perfectly qualifies for sensitive data protection. Meaning, the tech is a terrific fit for remote patient monitoring solutions. Amazingly, it can power wearables, ingestibles, implantable devices, vital sign trackers, eHealth and teleHealth platforms — whatnot. Above that, blockchain applications enable patients control access to device readings and test results. Raw intelligence, in a word.
Prescription Medicines & Medical Equipment Supply Chains
Before the unprincipled dealers are put on alert, you can build a blockchain-based system that will be your healthcare standards watchdog. Smart protocols flag certification discrepancies in a flash, while retail anti-counterfeit solutions help track prescription medicine or equipment supply chain all the way from production to sale and distribution. Moreover, blockchain applications can help monitor shipping conditions and control each transaction via a crypto wallet. See? A breakthrough in the making.
Blockchain Use Cases in the Automotive & Trucking Businesses
Don’t want your goods get stuck in the middle of nowhere? Wish to tell stolen and normal cars apart? Then security assurance upon a smart contract sits well with you. Whatever sophisticated your business routines are, you’ll stay in charge of them in full.
Donation & Crowdfunding Platforms
Oh, prejudice is out of our nature. Course, reaching out for money via a crowdfunding platform is no sin. Yet, first off you should take care to ensure end-to-end payment record transparency. And yep, all eyes on blockchain use cases again. By far, the most popular one is resorting to an immutable ledger to legally gather money. Full control and detailed reporting at each party’s side, lower transaction fees for a freebie. Donation anyone?
Blockchain Technology Applications for Gun Control
Ever since blockchain applications started working their magic at a cross-industry scale, the ledger tech became quite a game changer for the issues around firearms possession. Upon blockchain, regulators can build distributed databases that store the information on gun dealer licenses and vendors. Beyond that, smart contracts help track the arms from manufacturing to transfer to purchase, while handling the customer background check and sale approval.
Blockchain Gaming Platforms
Basically, a trusted hack-proof environment of a blockchain gaming platform pays off for all the parties — from publisher to investor to user. Thanks to in-game rewards, non-fungible assets, and instant payouts with zero go-betweens, game developers get a chance to properly monetize their titles and increase the average revenue per paying user. Investors, in their turn, can consider a wealth of new marketing opportunities via the high player engagement. Finally, gamer folks make sure they aren’t cheated throughout the whole session, get their perks and just chill out.
Out of all remarkable blockchain use cases, gambling solutions upon the decentralized consensus protocols are truly a win-win tech. Yes, the house may finally not wish you to always lose. Some of today’s blockchain gambling contributors prefer to capitalize on charging small transfer fees, ruling out payment delay, and keeping intermediaries away. Long live the fair play!
Blockchain Use Cases in Arts, Media & Entertainment
Censorship-Proof Data Publishing
Unlike traditional media, distributed ledger-based solutions ensure no censorship or side editing will creep upon your information input and storage. No cyber attacks, no blackmailing, no dissing. And again, speaking of copyright and intellectual property, licensing and royalty management may well be considered the most practical among other blockchain use cases. Add to this piracy monitoring, print supply chain tracking, and e-book ownership control. A small but decisive fraction of authorship-protecting power.
Blockchain Applications in Advertising & Music Platforms
Here’s yet another case when meticulous data verification is of essence. Sure enough, ads or music artifacts and their licensing aren’t separable. Via a shared-access rights house upon smart contract tech, you’ll nicely settle things with safe asset storage, fair royalty payment, hack-proof transactions, and assured usage permission.
As for advertisers and linking publishers, they can also build registries of fake and fraudulent sites to avoid placing ads on. Be it a content aggregator, licensee, or a third-side distributor, every business can contribute to such ownerless platforms. The bottomline is that all the data and money exchange workflows are cryptographically validated and confirmed across the whole network.
Online Arts Auctions
From then on, blockchain technology applications keep revolutionizing digital sales domain. Distributed nodes track bidder-seller ratings and secure transaction history, while smart contract logic ensures a clean no-delay payment upon the deal completion. In a word, auctions made easy.
Blockchain Use Cases in Banking & Payments
Lending & Credit History
Sounds like a monumental overhaul, doesn’t it? The thing is, the distributed ledger tech can be an unbiased trustee that easily competes with costly and cumbersome bank procedures. In a matter of minutes, you can apply for a loan and obtain approval. No scare — your proof-of-funds, credit history, and payment roadmap will be instantly handled via a fair cyber-proof smart contract consensus.
Precious Metals Tokenization & Proof of Origin
Blockchain-powered solutions like asset tokenization platforms pay off via streamlined transactions, while smart contracts force out excessive doc bureaucracy and make certification a breeze. Consistently, nothing compares to distributed ledger security when it comes to high-value asset data storage, authentication, crypto exchange, and step-by-step supply chain tracking. No chance for a vague gold origin, once and for all.
Blockchain Use Cases in Credit Card Payments
Yep, the future is now. Deloitte survey shows a blazing-fast adoption of blockchain technology applications across payment transactions. Basically, we can read between the lines: the ledger is about to leave the traditional credit cards behind in some couple of years. Encrypted, cost-efficient, correctly operating without reaching to clearing houses and banks. Beside this, blockchain-based cards help automatically exchange fiat to cryptocurrency when it’s needed for payments, thus also allowing users to easily enter crypto trading platforms. Not a terrible idea, right?
Transactions, Notary Certification
How does this work under the hood? Technically, first off documents get hashed, with the hash value recorded on the ledger. Smart contract stores docs in a way that any changes could be immediately traced via the timestamps. After a series of hashed document verification transfers upon encrypted proof-of-ownership permissions, the parties get their transactions and docs neatly certified. No excessive intermediaries, no paper turmoil, no whopping fees and payments. Document notarization apps are sheer beauty.
Blockchain Use Cases in HoReCa & Sharing Services
Tourism & Attractions
As of today, the distributed ledger helps handle tamper-free invoices right via a smartphone, stores loads of trusted attraction reviews and ratings, and leaves no chance to fake or remove data. Beyond that, smart contracts can guarantee efficient booking with zero middlemen and commission fees. Also for the record, blockchain’s promise is wide for luggage tracking and client identification, which implies faster check-ins and less worries about customer satisfaction.
Furthermore, you’ll get a surefire way to avoid dealing with unfair clients, inasmuch as blockchain enables to check user identities and rental histories prior to signing an agreement. You may also blacklist clients and service providers, as the case may be. No strings attached, just business.
Blockchain Use Cases in Ride Sharing
Profit is what’s always in mind. So, as opposed to the current pay patterns, clients can look up some better price-quality ratio on their own. Importantly, through a transparent distributed ledger both driver and passenger can check each others’ reputations and rankings. Yep, the Black Mirror series stopped being sci-fi. The word is also that in the near future blockchain can power the integration of autonomous cars into ridesharing fleets. What a deal it could be!
Loyalty Programs, Gift & Bonus Cards
Blockchain applications for digital gift and bonus cards are meant to build transparent unified programs with tiny transaction costs, predictable no-redemption rules, and no third parties. Reward crypto tokens get permanently recorded in a smart contract, meaning a client can use, trade or exchange them whenever they’re needed. You may also partner with other companies to attract customers with interoperable programs and doubled bonus offers. Combinations are in spades, just tap them.
Blockchain Use Cases in Smart Energy
Decentralized Energy Data Registry & Marketplaces
Irrespective of energy type — be it gas, water, or electricity — the decentralized ledger is scrupulously accurate while collecting and safeguarding consumption-related data. Via smart contract-based marketplaces, stakeholders can also steer clear of administrative bottlenecks to efficiently estimate and trade tokenized energy savings. Automated billing, crystal transparent P2P transactions, easy communication with IoT infrastructure if needed — sounds like a plan.
With the kit and caboodle of trust tools that distributed ledger offers, elections and referendums can go way ahead in terms of accuracy, openness, and immutability. On top of increasing voter participation, blockchain-based systems cut associated costs and time as opposed to the traditional in-person voting, manifold.
Blockchain Use Cases in Border Control
For starters, the ledger’s decentralized and scalable architecture implies rock-solid security of passenger arrival and departure registry. What’s more, by integrating border kiosks with blockchain-powered back-end where biometric data and digital identities are stored, you can make the entry and exit procedures completely gateless. Plus, get a terrific unified log for governments to keep tabs on the migration level.
Global ID & Certification
Out of other blockchain use cases, the ledger-based identity and achievements verification systems look to no ends appealing. Cryptographic data protection, doc hashing, zero fraud and third-party interference — all by default. Once again, we can bring up the no-border planet trend. Clearly, having blockchain-powered credentials will do to become a citizen of the world. Like — come along, jump on board wherever your qualification is needed.
Blockchain Use Cases in Real Estate
Just imagine, you’ll handle land titles and ownership records directly via a manipulation-protected protocol. No disputes, as smart contracts enable investors to take their due diligence time and track the whole property journey right off. By tokenizing their shares, the owners can also trade, reinvest, and divide them in the open market. High entry barriers broken, market participation revived, developers rejoice.
Land Registries, Escrow, Rights & Inheritance
Those who insist that blockchain use cases are way far from replacing the traditional paper bureaucracy are dead wrong. Smart contract protocols indeed efficiently and widely handle property rights verification, land registry transactions, will execution and inheritance. Meaning, no good old “in due order”? No “within eight months to triple infinity”, no nothing? Sir, yes, sir. Exactly.
Blockchain Use Cases in Transportation
Passenger Traffic & Services, Vehicle Repair Databases
First off, you can replace the outdated ticketing systems with digital purchase, storage, and validation platforms upon a distributed ledger. Due to blazing-fast transaction processing through the lightning protocol and multi-level security precautions, they operate tons better and safer. With the traffic and ticket demand info regularly updated via smart contracts, it’s also possible to optimize transportation networks. For frequent and careful transport usage, you can even reward commuters with tokens. More to this, having repair and maintenance data stored on blockchain, dispatchers will be able to check the most current vehicle safety stats prior to starting their route.
Logistics & Supply Chains
Proof-of-Origin, Fleet & Doc Management
Here’s where you definitely need to explore blockchain applications. With the decentralized ledger’s self-executing contracts, you don’t get mixed in with the multi-layer headaches. Since all the docs on goods origin and further market iterations get stored upon blockchain, you’ll be completely aware of every step within the certification and logistics process. Digital goods authentication, automated doc flow and cargo tracking — perhaps not awful findings to qualify for supply chain super power.
Your Blockchain Use Cases in Focus
If you have a tech challenge or a ledger-based project in mind, don’t waste a minute, leave us a snapshot of it. We’ll totally find the best solution to nail down your objectives, cause blockchain is what we do for a living.
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