Use of Blockchain in very Different Way by People

blockchain, bitcoin, altcoin, cryptocurrency

Blockchain is a difference-making technology running in today’s word in different industries. Many people are using them to make different altcoin coins or in other word cryptocurrencies. Now we have seen some different industries taking interest in this technology. A company like IBM have developed different blockchain version for different application. Banking and Finance sector are accepting with the open heart because of its decentralization and transparency. Not just money it can also handle things from the market, logistic, online marketing industries is also into it.

This digital ledger gives people power to handle their transactions with transparency. This happens due to the secure digital network. That increases people’s trust because this is how they know what they are getting and where they are sending goods of money. This network may look open to you but its security is on another level of encryption. Now with creative envying mindset is taking it to another level. Some are like:

Voting Frauds

Now because blockchain does not allow duplicate it is hard to make any transaction twice. This is the reason people have started to think it as an option in voting. Blockchain has potential to stop duplicate voting and there will be no more voting frauds.

Commodity Exchange

Commodities are the basic need to make survival but fraud and security have made some issue while they move from one place to other. With the use of blockchain it is hard to conduct any fraud here. Also with transparency, it increases security in trading and transactions.

Solar Power Exchange

Solar power is a renewable energy and some startups are selling them for livings. But there is a startup named LO3 Energy, they are selling blockchain on blockchain. They are doing this with an app named Brooklyn Microgrid. They are using to store excess power on an independent grip for any kind of outage condition.

Converting Time into Currency

Yes, you read it right. A coin called Evancoin is actually doing it. They have proposed an ICO that was at $15 each. After 2 weeks when the ICO was out it was at $45 each. This value of the coin is based on the supply and demand that’s how they keep it revolving around the globe and making money.

These are just a few of the examples we have noticed and know much about. Some are using them for some weird reasons and propositions. What is one weird way that you know of, tell us and we will publish you. Your words on any subject are welcome. If it fits us we will contact you back for further process. Till then read other more interesting articles.

Facebook Comments

You may be interested

How is Technology Benefiting the Education Sector?
Education
0 shares145 views
Education
0 shares145 views

How is Technology Benefiting the Education Sector?

moondela - Aug 23, 2018

Technology is playing a major role in the society and has become crucial for almost all sections. In the recent years, technology has proved its importance in…

GupShup: Social Network in Hindi Language by InUni
Business
0 shares144 views
Business
0 shares144 views

GupShup: Social Network in Hindi Language by InUni

moondela - Aug 06, 2018

InUni launches GupShup, Hindi social network New Delhi, August 6, 2018:  Imagine a platform where users can share their own interesting news, photos or videos in Hindi…

Introducing Zyego – Health Tech Startup
Business
0 shares211 views
Business
0 shares211 views

Introducing Zyego – Health Tech Startup

moondela - Jun 18, 2018

ALS Wellness Network Pvt Ltd (company) has effortlessly synced the power of human touch with technology to lend an ear and compassion for those suffering from emotional…

Most from this category