In a recent Fortune blog, business and tech expert Bernard Marr looked into real-world applications for Blockchain, which is an area which sometimes gets overlooked amongst all the Bitcoin hype. However, as the underlying technology which has enabled cryptocurrencies, Blockchain is a far superior concept and one which is enabling many important developments in our society.
\r\nAlongside fintech, healthcare and governmental initiatives, some secondary applications are also of value to the community. One such is a system for creating transparent, secure voting systems which combat the potential for voter fraud. Another, more wide-reaching project, aims to create a democratic structure applicable to large organisations, including even states or nations.
\r\nBlockchain can offer greater transparency and accountability in charitable donations, and programs such as Medic Mobile, The Water Project and Save The Children are collaborating with system providers. Another area where fraud is often rife is \'land transfer\', and more than one company is looking into using Blockchain to simplify how this process is documented.
\r\nCommercial uses include decentralised retail platforms, to cut out intermediary corporations, loyalty schemes with cryptocurrency rewards, and schemes involving vehicle leasing, ride-sharing and travel portals for filling empty seats. Last but not least, several media applications have been announced which will protect and track artists\' rights, including Kodak\'s system for photographers and Ujo\'s for musicians.
The blockchain industry has grown exponentially, disrupting traditional markets and creating new opportunities for innovation.
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