CRYPTOLEARNING ║ BEGINNERS ║ BLOCKCHAIN APPLICATIONS
BLOCKCHAIN
Hello my cosmic friends Let´s take our noses beyond of what we presented in our previous post where we talked about the BLOCKCHAIN. The first thing we are going to say is this tech doesn't only remain in Cryptocurrency itself, the Blockchain market has inspired other areas to do great things in our world and there is a wide list of modalities for this new, safe, fast, reliable and compatible tool.
Let's remember that collection and transmission of information in BLOCKCHAIN is not exclusive or centralized as in conventional methods, this allows to have witnesses (nodes)around the entire planet that confirm quickly and accurately that 100% of information is executed with extreme clarity and security.
Nowdays, there are more than a hundred proposals that implement and adapt their actions under this modality, but we will focus on 4 ones that could be pioneers in all and every aspects.
LET´S START:
- Cryptographic Identity and Digital Image:
At the present days, there are computer servers in charge of receiving heavy traffic of classified information about emails, credit card numbers, images, documents and data from users who go through them for any specific use, all that at a very high cost in order to maintain a hermetically secure system to offer. This cost goes beyond to the astronomical quantity of 20 billion dollars a year, and even like this, they are constantly hacked by experts, making the costs go higher cause of patrimonial damages.
It´s time to stop worrying about it. BLOCKCHAIN technology makes a secure process of follow up and managing information, guaranteeing efficiency and security without interruption at the time we login to the cloud, avoiding fraud and digital plagiarism.
CONTRACTS, DOCUMENTS AND DIGITAL PAYMENTS.
Just imagine that you can digitally program a contract for both parties, absolutely legal, binding, through BLOCKCHAIN technology.
What genius developers of this modality do, is facilitation and complementation of legal intelligent contracts with variables that can release funds after finalized an agreement by the involved parties, guaranteeing the fulfillment and fast disbursement of the payments.
As an example we have: We´re coming out from a concert that has just ended, purchase a transportation contract service) Input to your cellphone your digital signature, specify the agreement and the money is immediately released and immediately received.
- Digital Voting
One of the most sensitive topics that has found greater resistance is the digital votes system, circumstance that is presented both in governmental bodies and all kind of open elections events (NGO), since the characteristics of the BLOCKCHAIN system provides the guarantees in 100% of data transmission as we already know, its decentralized mode works so. Until now, we only have records of a political party in Denmark (Liberal alliance) 2014 to implement it.
Imagine being able to vote for the president of your country and having millions of users as witness to validate the whole process of those votes. Corruption would decrease significantly.
- Military use
Global security sistems organizations as NATO (OTAN, DARPA) carry out projects to take full advantage of the BLOCKCHAIN technology. The hermetic military style of decision-making leaves us without much information about the advances in the use of this technology, but the implementation of secure messaging systems as a first phase is known up to now.
This is just a mouthpiece for the intentions that encompass their ideas, blocking and unlocking weapons and military vehicles, among many, customize the use of this technology.
BLOCKCHAIN is here to stay, it is a technology for collecting and transmitting data and information that, knowing how to take advantage of it, can be the light that earthlings are looking for in order to make that leap towards the real impressive scenarios that our universe offers. See you some other edition, I hope you've enjoyed it.