Post
Topic
Board Economics
Re: Blockchain Not Just About Bitcoin
by
Virtual miner
on 30/04/2018, 19:07:11 UTC
Yes, blockchain is not only limited to cryptocurrency. It can be used in banking and financial sector foe settlement and clearing, payments and KYC purposes. Most of the uses of blockchain are available in the form of smart contracts. With the help of blockchain technology, smart contracts can be made more secure. Blockchain can be useful in the field of AI also. Since blockchain technology can guarantee the accuracy of data, it can be useful in many Artificial Intelligence (AI) applications, for entering the data into the AI systems and for recording the results from them. Blockchain provides a bookkeeping platform that ensures transparency, cannot be corrupted, and bypasses censorship. By tackling such issues, blockchain technology has a huge potential for protecting the human rights of the people.