SURPRISING WAYS TO MAKE BLOCKCHAIN TECHNOLOGY MORE USEFUL
SUSTAINABLE ENERGY One of the biggest drawbacks of Blockchain technology is that it is a resource-intensive process. Today’s world is continually talking about the need to conserve energy and switch to more green options for energy production. In such a scenario, it is interesting to look at how Blockchain can help commercialise solar power.
CLOUD STORAGE Cloud storage powers most modern businesses by granting unlimited storage space and security. We are all guilty of dragging and dropping files into cloud folders for later use. However, though most cloud servers have multiple back-ups and security checks, none of these are fool-proof.
POWERFUL PROCESSING The best way Blockchain can be used to derive processing power is illustrated by the supercomputer Golem. The machine has no central processing unit of its own, but rather derives its power from blockchain mining. The proof-of-work calculations that it does to verify transactions, may, in essence, be used to calculate just about anything.