Blockchain - technology for register allocation,in which the whole chain of transactions and the list of their participants are stored on personal computers by a large number of independent users. Even if any of the PC crashes, the data will not disappear.
Where is blockchain used?
Blockchain technology is not rapidly improvingonly in the cryptocurrency field, but also in many other areas that seek to reduce spending, increase productivity, and abandon obsolete data structures.
Managers Identity services allow users to transfer information to the blockchain, forming a digital identifier. An extensive set of storage tools is available to people:
- passport data;
- marriage certificate;
- driver's license;
- nicknames, passwords.
Using the blockchain, you can determine whichshare data and to which user it will be available. Also, once having identified your identity, you can log in to other services without re-entering the same data.
Copyright Infringement - Significant Problem increative areas: in painting, music, cinema, books. Using the blockchain, authors can confirm and protect copyrights. In addition, the technology allows you to safely store and quickly update data about any objects.
Smart contracts - an algorithm that allows you to draw upblockchain auto-executing contracts. Smart contracts are used in trading operations and guarantee that money will be transferred only after each participant in the transaction fulfills all his obligations.
Internet of things
A category of devices capable of exchanging with each other any type of information, forming a network of interaction. The use of the blockchain provides a guarantee of data safety.
Blockchain allows country governmentsorganize a voting system on the web. Residents of the state are required to pass authorization in the service, to cast their vote for the selected candidate. The blockchain records the completed procedure, creates a register of votes, which are counted at the end of the vote. Each voter can check his vote and make sure that the votes of other citizens are correctly counted.
Startups like Obsidianblockchain to safely transmit information in chat rooms, social networks. The technology ensures the confidentiality of user metadata: e-mail, phone number, other identifier.
DDoS Attack Prevention
According to Kaspersky reports, the duration and complexity of DDoS attacks has increased significantly. The number of attacks on platforms that conduct ICOs has increased.
Gladius blockchain startup is developing a projectto create a decentralized peer-to-peer network that works without a main server. It is possible for users to monetize the unused bandwidth of their own Internet networks, combining them into a decentralized CDN.
Casino, computer games
Blockchain technology is used in gaming software:
- Etheria. A virtual world where users seek to capture the cells of the playing field, exchange them for blocks, build various objects on them. All information about the world and its condition is stored on the blockchain.
- FirstBlood The platform allows e-sportsmen to challenge each other in a duel in different gaming disciplines. Users place bets, judge games, organize tournaments and receive rewards. The platform uses its 1ST token, uses smart contracts to process the outcome of matches.
- Etheramid. A cryptocurrency pyramid that accrues points to users for each invited member. In total, 7 user statuses are provided. The higher the level, the higher the income.
Some casinos and gambling clubs accept bets in popular cryptocurrencies or use their tokens for bets.
Management of the state, commercial organization
Blockchain technology is not only used forincreasing transparency and integrity of political structures. There is an international nation BITNATION, which exists only in the Internet space. She has her own residents, ambassadors, partners, branches in different countries.
Another good example is Advocate, a platform forsimplification of interaction between state residents and government representatives. The project helps citizens and managers of local government agencies.
Blockchain is used to improve managementinside firms. Otonomos, BoardRoom, Colony platforms are aimed at automating the processes during which organizations are formed, financed and managed.
Energy Blockchain Labs - uses blockchain,to create added value in the energy sector. The company was established in 2016 by three experts in the energy and financial sectors. Energy Blockchain Labs works on innovative solutions that simplify the process of trading energy resources.
It is impossible to guess the order of the signs of the crypto keys. Thanks to this, blockchain technology is considered the best option for conducting operations related to trade, data exchange.