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In what areas is blockchain used?
Initially, this principle was used to make monetary transactions within cryptosystems. But the idea itself looked tempting for application in other areas of human activity.
Let’s look at a few examples of where the blockchain is already being used and quite actively.
Blockchain and finance
The history of the Polybius cryptobank is very revealing here. Its founders initially built their business on the creation of equipment for the notorious mining. Things went so well that major banks refused to service the accounts of this company.
Then a team of equipment manufacturers decided to create their own bank. Fortunately, in addition to expensive iron for cryptocurrency mining, the company itself produced the crypt.
There were no problems with funds for mutual settlements. Bitcoin has already been actively used for these purposes. And the Polybus cryptobank became one of the first banks where blockchain technology was successfully introduced.
Let’s add another example here. Cryptobank Crypterium offers mobile payments with cryptocurrency directly from applications installed on smartphones.
Here, in addition to the blockchain, technologies have been successfully introduced that allow you to add various bonuses for users. For example: loyalty program, cashback, grace period, and so on.
Blockchain in medicine
Since the blockchain is a huge universal data store that is believed to be impossible to hack or change, it has begun to be used in areas that are far from finance and the banking system.
The use of this technology in medicine is more than justified. After all, processing and storing data is one of the most important factors in this activity. The accuracy and speed of processing information about the patient’s medical history is one of the most important elements on which the recovery process depends.
What gives blockchain in this area? The technology allows you to enter all the data in the patient’s card, as well as receive this information from anywhere in the world. For example, if it is a sudden attack of illness that occurred during a business trip or vacation.
Storing information about a patient’s health in electronic form is not a new thing, but only now has it become possible to do it centrally: the doctor receives the data and makes changes to the general disease card. At the same time, even being in another country, in another hemisphere.
And there is no fear that he will introduce any conflicting information or change the information that was recorded before.
Blockchain and Legal
Technology has given the world a new format of relationships in legal aspects as well. For example, the Ethereum platform (Ethereum) makes it possible to independently create a legal framework for doing business. But we will mention this platform a little lower and in more detail.
Blockchain makes it easy to launch a document management system within a company, register the necessary licenses, prepare documents for a business to enter the international market using approved quality standards.
And, of course, such a legal framework allows you to launch a cryptocurrency within a business, to simplify mutual settlements.
In addition to these areas, we should also mention others where blockchain technology is already being applied. For example, in some countries blockchain is used for legal regulation of state property management. Your self-branding
In a number of states, it is already possible to obtain the so-called electronic citizenship or to fix the marriage relationship.
But what can I say, if Bitnation cryptonation has already appeared with its citizens and even physical territory.