Let us take a look at some of the real-time blockchain use cases in 2020.
In the real world, supply chain management is more essential for the business people and customers. Without the supply chain, we cannot receive any products such as clothes, food, mobile, oil, gas. The main problem faced here is lack of transparency as the product moves in the supply chain. When we adopt the blockchain technology in the supply chain, we can track the product information, location, time with secured blockchain. It simplifies the process of transporting the product.
Consumers can verify the products with the blockchain-enabled supply chain. Products can be accurately tracked across different locations. For example, in the textile industry, the cloth materials are stitched and made into a final product. Then the deployment network delivers the materials to the customers.
The major drawback in the healthcare industry is storing information. Such as patient health details and the existence of fake medicines in the supply chain. By using the blockchain technology, you can store patient health details in a secured way, so no one can access the health details without the permission of a patient.
Fake medicine drugs can be avoided in the supply chain by using blockchain. Blockchain provides more security to hospital data and avoids threats from hackers. It is more useful for medical practitioners to check patient medical history. The health records are securely stored in the blockchain. so when the patient visits another doctor they can show the medical reports. To make the data more secure in the healthcare industry, blockchain provides the following:
In this management, a sovereign id is used for verifying identity without any individuals. Also, there is no need for producing documents or paperwork. It automatically identifies the user with the sovereign id. Digital id also collects the online information of the other user’s id, such as medical records, social security information, and social credentials. It also collects the company's information. So by using blockchain technology, we can secure our id information and keep it more secure. Individuals can control access and revoke access. Users can control their private digital data by using the blockchain in digital identity.
Some of the benefits of using blockchain-based security tokens are
In the digital world, whenever we reach a website or any other media there will be a digital advertisement. Currently, companies like Google are controlling digital advertisements — in order to exclude these advertisements, we can use blockchain. The technology will avoid middlemen and directly connect producers and consumers in the decentralized system.
The real estate industry is the same as the advertising industry. Here, the broker is the middleman, who gets fees from the buyers and sellers. So by using blockchain, we can eliminate them and connect directly to the buyers and sellers without any middlemen. Benefits of using blockchain in advertisement & real estate industry are
About the Author
Robert Kroos is a writer at a leading blockchain development company. He loves to share ideas & thoughts on blockchain & cryptocurrencies in a simple and readable manner.