Top 10 industries that are applying Blockchain technology

Blockchain technology was born and with its breakthrough influence, it has been creating a technological tsunami that covers all industries from the long tradition to the latest technology applications. . Here are the top outstanding blockchain applications that have been or are being implemented in countries around the world, which are expected to completely change the traditional way of present applications.

Blockchain application in e-government management

In the world, Blockchain has been put into pilot applications by governments of some countries including Social Welfare Management and Income Management in the UK, Land Management, Land Registration in Georgia; Electing and controlling personal identities and health care fields in Estonia; Interbank payment service in Singapore; Business registration activities, forwarding, travel or health care in Dubai ...

Citizenship identification card

Zug in Switzerland, known as Crypto Valley, has developed a blockchain project in partnership with uPort to register residents' IDs, allowing them to participate in online voting and proving their residency. . This is the first citizen ID card to be deployed based on Blockchain platform.

Real estate management and transactions

Ukraine holds the honor of becoming the first nation to use blockchain to facilitate an asset deal. A property in Kiev was sold by famous cryptocurrency supporter and TechCrunch founder Michael Arrington. The deal is activated with the help of smart contracts on the Ethereum blockchain and is intended to be the first of many completed by Propy, a startup specializing in real estate transactions based on on the blockchain.

Public Utilities

Australia: In Australia's city of Fremantle, an ambitious project focused on distributed water and energy systems using blockchain technology. Solar panels are being used in the sunlit area to collect electricity, which is then used to heat water and provide energy and data recorded on the blockchain.

Chile: The Chilean National Energy Commission has started to use blockchain technology as a means of validating data regarding the country's energy use. Sensitive data will be stored on the blockchain as part of the South American nation's electrical infrastructure modernization and security initiative.

Taxes and electronic invoices

China: As one of the fastest-growing countries in the world in terms of technology development and application, it's no surprise that China became one of the first and most prominent countries in blockchain and everything that it provides. It has decided to use this technology to facilitate the taxation and issuance of electronic invoices in a project led by Miaocai Network in conjunction with the State Tax Department.

Insurrance

American International Group Inc., in cooperation with International Business Machines Corp, has completed a pilot of a multinational policy called a smart contract, for Standard Chartered Bank's PLC and plans to manage it. Complex international scope through blockchain.

USA: The New York interactive advertising exchange partnered with Nasdaq is using blockchain to create an electronic marketplace where brands, publishers and agencies can buy ads. The process is simple, albeit as secure as possible, using an open protocol on the Ethereum blockchain.

Food

Recent issues in the global supply chain are posing challenges to ensure that goods, labor and materials are sourced safely. To solve these problems, more and more companies are looking for solutions based on Blockchain technology.

Stock

Many analysts predict that STO is ready to accelerate a revolution in the fundraising process. In the first quarter of 2019, market research firm Inwara estimates that the number of STOs has increased by 130% compared to Q4 2018.

The market for STOs is emerging. In August 2018, an online retailer Overstock.com, raised $ 134 million during an ICO through selling its security token called tZero. In early January of this year, the company also opened a virtual currency exchange and used the only cryptocurrency asset tZero available for trading upon launch.

Real estate

During the San Francisco Blockchain Week 2019, the token sale raised $ 18 million to buy a stake in the U.S. city of Aspen. The token, called Aspen Coin, is issued via the Indiegogo community fundraising website, allowing accredited investors to buy Aspen Coin tokens, in compliance with the Security and Exchange Commission regulations. United States (SEC). Each Aspen Coin is listed at $ 1, and the minimum investment amount is $ 10000.

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