Ways in witch you can use blockchain technology.

WAYS IN WHICH WE CAN USE BLOCKCHAIN TECHNOLOGY

Easy transactions The most important use of blockchain technology is for easier payment processing and transactions, removing banks as the mediator and then transactions would be done in seconds.

Monitoring supply chains 

Blockchain can be useful to monitor supply chains, removing paper based trials and making the process transparent and efficient for both businesses and the customers.

Data sharing 

Blockchain technology can also be utilized to sell or share unused data, which will help many industries.

Copyright protection 

With the help of blockchain, copyright laws can be beefed up, ensuring that every artist or creator gets their fair share of their content.

Digital voting 

Due to its high level of transparency, voter fraud would be a thing of the past with the help of blockchain technology.

Food safety 

Another benefit of using blockchain technology can be applied to the food safety to trace the origins of your food till your plate, since data is immutable on blockchain.

Tax regulation and compliance 

With its immutability and transparency properties, blockchain can help governments to make sure companies are abiding by the tax regulations and complying pay tax dues on time.

Weapons tracking 

Blockchain can help in gun and weapons control, by tracking ownership and usage, which will help law enforcement agencies.

Medical records 

Blockchain will also help for better patient privacy and strong patient records that will increase safety and convenience for the patient and doctors alike.