BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
SUBSCRIBE
BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
BlockNews.com
No Result
View All Result
Home Business

3 Blockchain Use Cases that Extend Beyond Crypto

BlockNews Team by BlockNews Team
January 28, 2023
in Business, Crypto, Guides, Media
Reading Time: 3 mins read
A A
crypto
2
SHARES
37
VIEWS
Share on TwitterShare on Reddit

Blockchains give users complete ownership over their data while being decentralized, transparent, and increasing the capacity of an entire network.

You might also like

Bitcoin Price Prediction: BTC Back Below $28K As US Banking Crisis Escalates

Crypto Flourishes in Vietnam with 16.6 million Holders

Crypto Twitter Thinks the Fed’s $297B Balance Sheet Expansion Is ‘QE’, but It’s Not

  • In recent years, blockchain applications have far surpassed cryptocurrencies.
  • A variety of sectors, including healthcare, logistics, and financial services, are using blockchain technology. 

Blockchain Technology

There are numerous causes behind the hype. Blockchains enable solutions that need much computational power since they are decentralized, transparent, and boost a network’s capacity. More crucially, they would allow users to manage their assets, including data, independently of outside parties.

Healthcare on the Blockchain

For a very long time, doctors and other healthcare professionals have been thought of as the owners of medical records. Over 115,000 persons filed for COVID-19 circulation permits in 2020, and in Argentina, a database including private data, including government identification numbers and tax ID numbers, was made public.

This occurrence prompted ShelterZoom to create a solution to protect patient medical data from similar future cyberattacks. The business teamed up with a private hospital to provide patients total ownership and control over medical records and developed a smart-document software-as-a-service provider. CEO of ShelterZoom Chao-Cheng-Shorland noted that “each patient record is tokenized, which means a secret key is associated with each online record.”

Users can access dashboards for medical record management and do all necessary activities whenever they want through a blockchain-based extension or mobile app. Without regard to whether the receiver has opened the email, it also enables patients to track email attachments and revoke access. 

The CEO said that instead of waiting for paper records to be delivered or faxed, physicians and patients could access medical records immediately, thanks to the blockchain ecosystem. The collaboration has given more than 300,000 patients access to the Web3 application, and there are plans to make the service available to other Argentine healthcare providers.

Data Ownership

Since the internet’s beginning, data has become a valuable resource. Users have traditionally provided their private information freely to websites and services, and they have not reaped any financial rewards when those companies sell their information to third parties. However, with Web3, individuals may again be in charge of their data and choose whether to monetize it for their gain. 

A shareholder in Dimo, Alex Felix, stated that “whether it is NFTs or gaming, the more blockchain technology is deployed outside of trading and speculating, the more we expect customers to realize the benefits of this technology more broadly. We can reach a stage where consumers choose crypto technology on autopilot by concentrating on the best use cases.” 

The foundation for personalization, according to Felix, will be first-party data initiatives, which will substitute cookies in advertising. He states, “Web3 allows users to monetize their data, and consumers stand to truly benefit from this fundamental innovation made possible by blockchain technology.”

Luxury Turns to Blockchain

The Aura Blockchain Consortium was founded to give buyers of high-end companies the ability to verify the validity of their purchases. Prada allows customers to track recycled gold jewelry and diamonds through a partnership with Aura, ensuring their authenticity and transparency at every stage of manufacturing.

The group includes other LVMH brands, including Christian Dior and Louis Vuitton. The business provides its clients with an Aura-powered diamond certificate that details each stone’s characteristics, history, and journey. The jewelry industry has long struggled with traceability, especially when it comes to diamonds. The jewelry industry attempts to ensure that only conflict-free diamonds are marketed.

Conclusion

While these blockchain application cases are motivating, they hardly touch the surface. Numerous innovative blockchain use cases have the potential to revolutionize business practices soon.

Tags: Blockchaincryptocrypto adoptionHealthcareWeb3
Tweet1ShareShare1

Recommended For You

Bitcoin Price Prediction: BTC Back Below $28K As US Banking Crisis Escalates

by BlockNews Team
March 22, 2023
0
bitcoin price

Bitcoin price has been on a notable uptrend, rising 43% in a span of two weeks. The US banking crisis worsens and could claim First Republic Bank as...

Read more

Crypto Flourishes in Vietnam with 16.6 million Holders

by BlockNews Team
March 22, 2023
0
vietnam crypto

Vietnam has emerged as a key player in the international cryptocurrency market, with about 17% of its population possessing digital currencies. Bitcoin is the most popular digital currency,...

Read more

Crypto Twitter Thinks the Fed’s $297B Balance Sheet Expansion Is ‘QE’, but It’s Not

by BlockNews Team
March 22, 2023
0
crypto twitter

The most recent rise in the central bank's balance sheet, according to some analysts, is not as obviously stimulative as the one that came after COVID-19. The US...

Read more

Ripple-SEC Case: XRP Price Turns Bullish As Coinbase Hints At Relisting

by BlockNews Team
March 22, 2023
0
xrp

Coinbase could relist the XRP token if Ripple wins the ongoing lawsuit against the SEC. The exchange will initiate the relisting process immediately after the court pronounces itself...

Read more

Solana’s Top DEX Orca Restricts Access For American Users

by BlockNews Team
March 22, 2023
0
orca.so

US-based users will be banned from trading on Orca’s web interface beginning March 31st. Orca said the ban exempts those who trade directly using smart contracts and their...

Read more
Next Post
The Federal Home Loan Banks building

Is The Federal Home Loans Bank System Carrying Out a Stealth Rescue of the 2 Biggest Crypto Banks?

Related News

The Daily Dip – A Week in Review of the NFT and Web3 Space

The Daily Dip – A Week in Review of the NFT and Web3 Space

November 4, 2022
crypto portfolio

How to Build a Crypto Portfolio without Spending any Money or Time Trading

February 27, 2023
Blur.io-Logo

Marketplace Blur will continue incentivizing royalties on all NFTs while taking 0% marketplace fees.

November 16, 2022

Browse by Category

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized
BlockNews.com

BlockNews.com brings you the most important Crypto and NFT news in the space.

CATEGORIES

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized

RECENT POSTS

  • Bitcoin Price Prediction: BTC Back Below $28K As US Banking Crisis Escalates March 22, 2023
  • Crypto Flourishes in Vietnam with 16.6 million Holders March 22, 2023
  • Crypto Twitter Thinks the Fed’s $297B Balance Sheet Expansion Is ‘QE’, but It’s Not March 22, 2023

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

No Result
View All Result
  • Home
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?