Initially developed to make cryptocurrency viable, blockchain technology has rapidly become an industry standard off the back of the remarkable rise of Bitcoin — but it isn’t limited to serving as a framework for coin exchanges. In fact, the fundamental principles of blockchain technology — decentralization, security, reliability, and accessibility — give it potential applications across the entire business world. And while many of them are still only theoretical, a lot of practical progress has already been made.
In this piece, we’re going to look at 5 ways in which blockchain technology is being harnessed that might be quite surprising to anyone who only associates it with Bitcoin. Let’s begin! 1) To verify identity Identity theft is a major concern in a time when so much about us is readily accessible online. Someone feeling sufficiently motivated by greed (or spite) can find all the data they need to cause irrevocable harm to the average internet user’s life. Original source : Blockchain Application Development
0 Comments
|
Author
Shahid Mansuri co-founded Peerbits, one of the leading mobile app development company, in 2011. His visionary leadership and flamboyant management style have yield fruitful results for the company. Archives
October 2019
Categories
All
|