SnapBots Review - Blockchain Use Case V2
PERSONAL IDENTITY SECURITY USE CASES
According to identity theft expert LifeLock , more than 16 million Americans complained of identity fraud and theft in 2017 alone, with an identity being stolen every two seconds. Fraud on this scale can occur via everything from forged documents to hacking into personal files.
By keeping social security numbers, birth certificates, birth dates and other sensitive information on a decentralized blockchain ledger, the government could see a drastic drop in identity theft claims. Here are an example blockchain-based enterprises at the forefront of identity security.
CIVIC
Industry: Identity Security, Fintech
Location: Palo Alto, California
How it's using blockchain: Civic is a blockchain-based ecosystem that gives individuals insights into who has their information. The company’s users enter into smart contracts, where they decide who can share their personal information and how much. If the contract is broken or an unauthorized source tries to access private data, the individual is immediately alerted
HEALTHCARE USE CASES
Blockchain in healthcare, though early in its adoption, is already showing some promise. In fact, early blockchain solutions have shown the potential to reduce healthcare costs, improve access to information across stakeholders and streamline businesses processes. An advanced system for collecting and sharing private information could be just what the doctor ordered to make sure that an already bloated sector can trim down exorbitant costs.
Below are an example blockchain-based enterprises at the forefront of healthcare industry
MEDICALCHAIN
Industry: Healthcare, Data Privacy
Location: London
How it’s using blockchain: Medicalchain’s cooperative blockchain platform allows for an easier and more secure flow of information that helps both the patient and medical professionals. With Medicalchain, doctors no longer have to wait on insurance information. The blockchain can automatically verify whether a patient has insurance and is covered. Additionally, drug and clinical trials can easily identify top candidates through a blockchain-based portal that safely shows patient medical records and identifies prime contenders for different trials.
GOVERNMENT USE CASES
One of the most surprising applications for blockchain can be in the form of improving government. As mentioned previously, some state governments like Illinois are already using the technology to secure government documents, but blockchain can also improve bureaucratic efficiency, accountability and reduce massive financial burdens. Blockchain has the potential to cut through millions of hours of red tape every year, hold public officials accountable through smart contracts and provide transparency by recording a public record of all activity, according to the TNew York Times.
Blockchain could also revolutionize our elections. Currently, voter apathy in the US is at an all-time high, with just over 58 percent turning out in the 2016 presidential election, while only 36.4 percent of the voting-eligible public showed up for the 2014 midterm elections, according to PBS. Blockchain-based voting could improve civic engagement by providing a level of security and incorruptibility that allows voting to be done on mobile devices.
The following companies and government entities are a few examples of how blockchain applications are improving government.
STATE OF DELAWARE
Industry: Government
Location: Dover, Delaware
How it's using blockchain:State of Delaware is launching their own initiative to explore the benefits of blockchain in business and government. So far, the state has mostly focused its efforts into archiving public documents and safely securing private records. The next step in Delaware’s initiative is to begin implementing smart contracts between the government and corporations.
FOLLOW MY VOTE
Industry: Government, Software
Location: Blacksburg, Virginia
How it's using blockchain: Follow My Vote is a secure online voting platform using an open-source virtual blockchain ballot box. The technology decreases spending on physical ballots and can be accessed via any device. Follow My Vote implements the end-to-end tools that elections need in order to provide total safety and confidence in the voting process.
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