What Is the Importance of Blockchain for a Common Man?
June 15, 2019 | Blockchain, blockchain programming, education | No Comments
Blockchain is rapidly changing the way various regular activities such as money transfer, health checkup, doctor search, id verification, record storing and management, business contracts, business hiring and many more are performed.
The blockchain technology is influencing everyone, even the common man, irrespective of whether he is an active technology user or not. Here are some ways blockchain is changing the life of common man.
Ease of Banking
In recent years, technology has vastly changed the way banking transactions were performed. With all banking systems now connected and online, it has become easier than ever to send/receive money and perform other monetary transactions from anywhere. However, issues like security, centralization and time taking procedure still dominate this industry.
Most of banking systems are integrating blockchain, which is a decentralized way of doing things, is effectively improving the traditional bank transactions by making them automated, transparent and immutable. In a few years from now, you will be able to perform money transactions without hassle, thanks to blockchain tech.
Better Access to Quality Healthcare
Another ground-level innovation by blockchain technology can be seen in the healthcare industry where multiple projects are working towards making healthcare info and services decentralized such that these can be accessed by anyone in need, irrespective of their location, status or pocket size.
A Blockchain-based healthcare platform can make medical records and service delivery fair by implementing transparency in the system.
Secure and Transparent Voting
We are all aware that there are chances of frauds in elections. Even if there is no tampering, people are always afraid that there might be. Blockchain can solve this issue by introducing transparency in voting systems.
Blockchain is a decentralized ledger which has been enabled for transactions. Blockchain smart contracts are designed such that they can be shared by multiple people across different locations through digital voting/signature. The same concept can be used for decentralizing the voting system and making it transparent such that the voters (common man) are assured that no fraud is being committed and their votes are going to the right candidate.
Similarly, blockchain has several other potential applications in a wide range of industries, which in one way or another affects the common man.
This is why it is now becoming irreplaceable as technology for common people, especially students, to get acquainted with the blockchain technology. Companies are demanding for blockchain experts and developers in order to build hi-tech blockchain solutions for the future. Learn blockchain technology and become an expert blockchain programmer with Blocklogy.
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