Considering that cryptocurrency runs on the rather new blockchain technology and that seems to be getting all the craze nowadays as more and more new cryptocurrencies appear and the established ones get more value as time goes on. Im rather curious, what other applications does blockchain technology have aside for cryptocurrencies
I keep on hearing people say that blockchain technology will change the world, is that really true and to what extent would it change the world?
With rather limited knowledge of blockchain that I have heard that blockchain technology can be used for transferring data more efficiently than our current methods of transferring data and that it can keep peoples identities a secret - probably who a lot of shady people use it in order to do shady things especially in the dark web and all the other dark places on the internet.
Are there any other uses of Blockchain technology for other fields of technology, Im really curious to know more because, I, myself am not very knowledgable about this subject. Thanks for your input.
Huge secure database. I really look forward to when the medical registry will finally be implemented. This is a super thing based on the blockchain that allows you to use your data everywhere.
One of the main problems of the medical industry is the lack of a unified system for storing data. This leads to the fact that information is lost, some analyzes and testimonies of doctors are not recorded anywhere, and it is difficult for different clinics to exchange data with each other.
The solution offers a blockchain: information can be recorded in a single registry. Thus, the need for paper documents and medical records will disappear, which will increase the speed of information exchange. It will also be convenient for patients to check their health status, since all data will be collected in one place.
A huge problem is the lack of confidentiality of the modern healthcare sector. Moreover, patients often cannot verify who is able to use their data and where they are transferred.
The advantage of the blockchain is that the data in a distributed registry cannot be deleted, changed or faked. In addition, patients will be able to independently control access to their information and decide which organizations and clinics get access to their data.