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2018 brings another year full of new blockchain projects on the market.
Since the launch of Bitcoin in 2009, there has been a steady stream of interesting ideas that use blockchain as a foundation. And with any growing industry, it's hard to keep track of every single project being designed and developed since many would focus on a few promising ones.
Namely, cryptocurrency.
However, the three keys to blockchain are often overlooked -Decentralization, simplicity and speed. While blockchain may have gained its reputation in the financial field, this technology is easily adaptable if used as a primary application in a wide range of arenas.
Recognizing that the potential of technology is limited only by the imagination of developers, here are 6 blockchain projects, underway around the world, that show the different ways in which they can be used.
1) Collaboration between Coca-Cola and the United States Department of State.
According to the International Organization of Labor, nearly 25 million people work in forced labor conditions around the world, with the food industry and the beverages among the major users of forced labor.
So Coca-Cola, the US State Department and a handful of their partners have come together to develop an exciting project to combat it.
The aim is to create a register for workers in the sugar supply chain in foreign countries to ensure that employers respect the scope of employment contracts.
By 2020, Coca-Cola will provide data on child labor, forced labor and land rights from 28 studies nationwide; the State Department will bring its work experience to the table; and the other partners (Emercoin and Bitfury Group) will build the blockchain-based registry.
The project will be implemented through an intelligent contract (a series of protocols designed to verify, facilitate or impose the negotiation of a contract).
Rather than workers who agreed to work with paper or word of mouth terms that could be amended, these contracts would be stored on a transparent and secure blockchain register.
Although a blockchain register can not force employers to honor their contracts with workers, it would create a system that could eventually force employers to be fairer with their workers.
2) Collaboration between Gem and the Center for Disease Control.
Data has become an integral piece of modern medicine to heal patients better. The biggest disadvantage? Fragmentation.
Hospitals, general practitioners, and specialized clinics all use different electronic recording systems, making it difficult to examine a patient's medical history or record of treatment.
Blockchain emerged as a possible solution using the Ethereum network for patient data from different local storage systems. This allows other doctors to see records if authorized by the patient.
Another way in which blockchain is used for health care is a project initiated by Gem (a software company) and the Center for Disease Control (CDC).
CDC researchers are studying ways to manage population health and disaster response by putting data collection and analysis on the blockchain.
One problem they want to address is the degradation of data after collecting it by putting the data in an immutable accounting-based block, it could do a lot to ensure the transparency and accuracy of the data.
3) The elections in West Virginia.
In May 2018, West Virginia was the first US state to allow internet voting via blockchain in primary elections.
The blockchain-based mobile voting platform developed by Voatz was available only to a select group of voters to test the technology in a pilot project.
A vote The identity of er was first verified using biometric tools such as a thumbprint scan before voting on a mobile device. Each vote is part of a chain of votes, where it is then mathematically tested by the participant of third parties.
Using blockchain, all data from the electoral process can be recorded on a verifiable accounting record, maintaining anonymity of the voters, with
4) Steemit's video content platform.
Emerging as a YouTube competitor, Dtube is an application built on Steemit's peer-to-peer network.
By context, Steemit is a social media website based on STEEM cryptocurrency that can be exchanged for Bitcoin and which in turn can be exchanged for cash.
On the Steemit blogging website, content creators are paid according to the number of reactions they get from content consumers in terms of likes and comments.
Dtube users uploading videos will be paid using a similar model; based on the number of views, likes and comments that accumulate.
Anyone can upload videos and earn votes if people like your content.
So, why creators and content consumers want to use Steemit and Dtube on its centralized competitors like "Youtube" and "Medium"
Well, since Steemit and Dtube are decentralized, that means no person or company controls what users can write, upload or distribute.
This means that the platforms are completely censored-resistant, a feature popular with many users that offers users complete creative freedom. For content considered illegal or inappropriate, the community can vote content off the platform.
Another feature that attracts users is the fact that user data on both platforms remains the property of the content owner. This is different from Youtube and Facebook, for example, which control data and have the power to sell user statistics to other companies.
The open nature of DTube and the easy way to make money are perhaps their advantage over other video platforms. [19659015] 5) Partnership between Air New Zealand and Winding Tree.
The travel industry relies heavily on the information that is transmitted between the parties.
The decentralized nature of blockchain means that information can never be "offline" or lost due to accidental deletion or malicious cyber attack, ensuring that transactions are always traceable.
Air New Zealand collaborated with the Swiss company Winding Tree for baggage monitoring and booking services using blockchain.
The lack of third-party involvement means that booking and tracking can be safely and securely achieved, and Air New Zealand customers can benefit from reduced transaction costs.
6) The i2i project in the Philippines.
In 2017, Philippine Finance Secretary Carlos G Dominguez III said that "over 86% of Filipinos remain unpaid to this day".
To spread financial inclusion in a largely absent population, the Union Bank of the Philippines (UnionBank) uses the blockchain.
The payment system developed by ConsenSys, based in the United States in collaboration with UnionBank, will link rural banks to the national financial network
The blockchain pilot project will help reduce the costs of connecting rural banks with BancNet services or SWIFT, requiring them otherwise to spend large amounts on data centers and information security infrastructures.
Using i2i, Filipinos do not have to spend anything. They only need to upload applications to their computers, tablets or smartphones and can perform bank-to-bank transactions linked to blockchain.
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These projects are limited to scratching the surface of how blockchain is used around the world. There are still many projects under development or currently on the market that show the benefits of this technology.
If you're curious to learn more about these different applications, there's an event that could help you open your eyes The potential blockchain.
KL Blockchain Week is a 4-day event in September where entrepreneurs, developers and regulators will share their crucial insights and further discuss the future of the blockchain.
A highlight you can watch is Blocfest, the international blockchain event in Southeast Asia.
There will be over 30 international blockchain leaders, including esteemed blockchain entrepreneurs, developers and regulatory and academic experts.
Tickets are on sale now but especially for our readers, Blockchain Asia is giving an exclusive discount for entry tickets so you do not miss the opportunity to attend this international event!
You can not buy the VIP ticket (originally priced at $ 450 USD) and / or the regular ticket (originally priced at $ 325 USD) with a 5% discount by entering the promotional code BLOC05D during checkout.
- For more information on Blocfest, and to check the agenda for you, you can find their official website here.
- If you are interested in providing partnerships or sponsorships for Blocfest, you can contact the team at [email protected].
- For more information about KL Blockchain Week 2018, you can click here.
This article was written in collaboration with Blockchain Asia.
Functional Image Encryption: compiled by cokecanada.com, compareremit.com, legacyhealth.org, and cnn.com.
