Blockchain Beyond Cryptocurrency and what it could mean to you


We often tell you that blockchain is the future not only of finance, but of everything, from social media, to shipping, to football. And it is true that any industry that keeps records (therefore, any sector then) can benefit from a permanent and immutable ledger. Well, here are three more promising blockchain projects, and what they could mean for the bottom line of encrypted prices.

Share It

The sharing economy has already revolutionized several industries: from taxis with Uber etc. To hotel rooms with services like AirBnB. ShareRing plans to take another step forward by providing an ecosystem for the entire rental economy

Instead of limiting the service to any specific type of product, ShareRing aims to allow any company or individual to rent. Well, whatever they have, the company aims to launch an app in November to link potential tenants to the renoes, all backed by the blockchain

It would not be nice [19659004] What if there was a way to make international money transfers quickly, cheaply and reliably? And if it were so nice that even the banks wanted to do it?

Inspired by the bitcoin, several major international banks have decided to develop a "utility settlement currency" to facilitate more efficient international transfers. Big names are on board such as UBS, Barclays, Deutsche Bank, Credit Suisse, HSBC and Santander.

Only financial institutions would use the currency, which would link to fiat tariffs. The launch is scheduled for the end of 2018.

Spin Spin Sugar

Coca-Cola has collaborated with the US State Department to create a blockchain register for 39, global sugar industry.

The ledger will also register workers' contracts, which should help efforts to combat forced labor and poor working conditions.


I Want Money

This is all good and Coca-Cola in particular, should be rightly applauded. But how will it affect the price of our beautiful encryption?

Well, any successful blockchain project (and there is no guarantee that these will succeed) gives a boost to the credibility of the blockchain. People have to see that there is more than just flogging a load of coins on an unsuspecting public.

When this happens, we can hope to reevaluate cryptocurrencies, looking for those that are built around a sustainable business model. The accurate control of ICOs and cryptocurrencies is essential to prevent the right stars from drowning in the swamp of all that is bad.

What do you think of the future of blockchain technology? Let us know in the comments below!

Images courtesy of Shutterstock.

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