Blockchain in Our Daily Life
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Passage 1
区块链应用塑造我们的未来
Blockchain Applications Shaping Our Future
From he road to the table · 537 words · 5 mins
Blockchain technology has a promising future but it has a long way to go before being popular in the mass markets. Whether you are interested in cryptocurrencies or trying to navigate the recent noise about blockchain, this article will give you an insight into the future application of the future technology.
The blockchain is decentralized systems and transparent public ledgers that actually drive value. Where does implementing blockchain system in the everyday life make sense?
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How We Make Our Payments
We heard a lot that how Bitcoin and other Cryptocurrencies are killing the big banks but a large segment of the world’s population in third world countries still do not have access to modern financial services. There is no way through which these people can get loans for personal usage, use banks, or make investments.
Cryptocurrency can empower the citizens of developing and underdeveloped countries with a powerful financial transaction system that can be used to send and receive money internationally with no extra fees.
Many incumbents are eyeing hopefully on blockchain technologies too. Goldman Sachs Group Inc. is one of the most active corporate blockchain investors and is involved with four companies, targeting the distributed-ledger technology since 2012.
Game Changer for Real Estate
Blockchain can be used by governments and private companies as a way to organize land title records and reduce fraud through a digital ledger.
Real estate is currently a very bureaucratic industry with intense operational and paperwork intensive, with a number of intermediaries throughout the process.
The blockchain technology will make real estate more efficient, transparent, and accessible. Currently, only people with resources can access accredited investors. Blockchain with smart contact will clear all these investment hurdles.
Insurance
Insurance is synonymous with “trust management.” Currently, there is a vast network of brokers who are essential, operating and managing the entire system. Blockchain could create an ecosystem that will be more transparent and efficient, with fewer chances of human errors.
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Philanthropy
One of the biggest challenges with donating money to charity is that you never know what will exactly happen to your money. You might think that you are making your contribution for a better world by donating money to funds associated with different causes, but there is a possibility that you might be funding a corrupt organization as there is no transparency.
Blockchain’s public ledgers will help us to create and track donations more effectively so there is transparency in the whole process. This sort of radical transparency will ensure that more people participate in philanthropy as compared to present, removing corruption and hesitation in the donors that have plagued the space.
Passage 2
区块链如何助力物联网
How Blockchain Support IOT
From zdnet · 217 words · 2 mins
Internet of Things: The internet of things, simply put, is about machines talk to machines to make decisions and adjustments to whatever process they are monitoring. From driverless cars adjusting monitoring the road, driving conditions and the car’s functioning to your refrigerator sensing it is time to order milk, the internet of things is growing rapidly.
Today there are over 20 million connected devices on the internet. Within 5 years that number is expected to more than double. In order for the internet of things to function, it’s necessary to have trusted and verified information, information that can’t be altered by attack or a system failure. The distributed nature of blockchain provides both a fail-safe and a level of security to ensure that the instructions and data being used are accurate and genuine. Blockchain could very well lead to great confidence and faster growth in the internet of things.
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Take some time to research and consider how blockchain can be used in your industry and what it’s touchpoints with your role may be. Research more about what blockchain is so you can understand it conceptually and develop a more intuitive understanding. Blockchain is coming and it’s here to stay. It’ll likely impact your work and almost certainly devices you use on a day-to-day basis.