• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Senators grill federal officials over lack of oversight into SVB, Signature Bank collapse

2023-03-28

Disney Metaverse Division Reportedly Scrapped

2023-03-28

CFTC ‘Pretty Confident’ in Case Against Binance, Says Chairman Rostin Behnam

2023-03-28
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Disney Metaverse Division Reportedly Scrapped

    2023-03-28

    Animoca Denies $200M Metaverse Fund Cut

    2023-03-27

    Metaverse Trading Hits All-Time High

    2023-03-24

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Senators grill federal officials over lack of oversight into SVB, Signature Bank collapse

    2023-03-28

    CFTC ‘Pretty Confident’ in Case Against Binance, Says Chairman Rostin Behnam

    2023-03-28

    OKX becomes latest exchange to apply for Hong Kong VASP license

    2023-03-28

    Balaji Srinivasan Says Millions of Worried Depositors Could Wire Money to Bitcoin As Banks Get Too Big To Escape

    2023-03-28

    Binance CEO CZ reveals copy of letter to US Senators – weeks before CFTC lawsuit

    2023-03-28
  • Learn

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    2023-03-15
  • Market Cap
CryptoNewsMetaverse
Home»3 blockchain use cases that extend beyond crypto

3 blockchain use cases that extend beyond crypto

2023-01-15No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Blockchain use cases have expanded far beyond cryptocurrency in recent years, with multiple industries embracing the technology in a wide range of fields, including healthcare, logistics and financial services. 

There are many factors behind the hype. Blockchains are decentralized, transparent and increase the capacity of a whole network, opening a window for solutions that require significant computational power. More importantly, they give users the capacity to control their assets, including their data, without relying on third parties.

As blockchain evolves, companies across the world are working to find the best ways to implement the technology for a range of applications. To gain further insight, Cointelegraph reached out to projects disrupting industries and bringing blockchain closer to people’s daily lives.

Healthcare on the blockchain

Medical records have long been considered the domain of clinicians or health institutions worldwide. In 2020, a database that included sensitive information such as government IDs and tax ID numbers of over 115,000 people who applied for COVID-19 circulation permits was exposed in Argentina.

This incident inspired ShelterZoom to develop a solution to shield patients’ medical data from similar future cyber breaches. The company created a smart-document software-as-a-service provider and partnered with a private hospital to give patients complete ownership and control over medical records.

“Each patient record is tokenized, meaning a private key is attached to each online record,” ShelterZoom CEO Chao Cheng-Shorland told Cointelegraph.

Cast your vote now!

Through a blockchain-based extension or mobile app, users can access medical record dashboards and carry out all required operations at any time. It also allows patients to track email attachments and revoke access, regardless of whether the recipient has opened the email. The executive explained:

“By moving record-keeping to a blockchain ecosystem, providers and patients can have access to medical records instantly, rather than waiting for paper records to be delivered or faxed.”

More than 300,000 patients currently have access to the Web3 application as a result of the partnership, and there are plans to expand the service to other healthcare providers in Argentina.

Data ownership

Data has become a valuable resource in the decades since the internet’s debut. Historically, users have given up their private information to websites and services for free and do not benefit financially when those companies sell their private information to third parties. With Web3, however, users can once again take control of their own data — and determine whether to monetize it for their own benefit.

Dimo is a decentralized transport data protocol allowing users to create verified vehicle data recordings. Owners can share this information privately with applications, enabling them to negotiate better insurance and financing rates. Referrals and participation in the network are rewarded in it native DIMO token.

Related: What is blockchain technology? How does it work?

Alex Felix, chief investment officer of CoinFund — one of Dimo’s investors — told Cointelegraph:

“Whether it is NFTs or gaming, the more blockchain technology is used outside of trading and speculating, the more we expect consumers to understand the value of this technology more broadly. We want to get to a place where consumers are choosing crypto technology without thinking about it, and that comes from focusing on the best use cases.” 

Felix believes that projects focused on first-party data will replace cookies in advertising and underpin personalization. “Web3 allows users to monetize their own data, and consumers stand to benefit materially from this fundamental innovation made possible through blockchain technology,” he noted.

Luxury turns to blockchain

The Aura Blockchain Consortium was founded to allow luxury brand customers to verify product authenticity. Through a partnership with Aura, for instance, Prada is enabling clients to trace recycled gold jewelry and diamonds, ensuring their authenticity and transparency at every step of manufacture.

Other members in the consortium include LVMH brands such as Louis Vuitton and Christian Dior. The group offers its clients a diamond certificate powered by Aura, which stores each stone’s characteristics, provenance and journey.

Traceability, especially as it relates to diamonds, has long been a challenge to the jewelry industry, which strives to ensure that only conflict-free diamonds are sold.

Aura is based on the Ethereum blockchain and uses Microsoft Azure, while the project’s traceability smart contracts and blockchain infrastructure were developed by ConsenSys. Other funding members also include Mercedes-Benz and Cartier.

Source link

Blockchain cases Crypto Extend
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Coinbase Executive Says US Government Squandering Lead in Technology With Lack of Crypto Regulatory Clarity

2023-03-27

CFTC Goes After Binance and Changpeng Zhao With Lawsuit, Bitcoin (BTC) and Crypto Markets Get Rocked

2023-03-27

US Prosecutors Slam Terra (LUNA) Founder Do Kwon With Eight Counts of Fraud for 2022 Crypto Collapse

2023-03-26

Crypto Analyst Nicholas Merten Says Fed Money Printing Won’t Spark New Bitcoin (BTC) Rally – Here’s Why

2023-03-26
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Contagion from SVB’s collapse highlights need for banking system resilience, says Fed official

2023-03-28

Polygon: Explained why MATIC is registering constant gains

2022-07-13

Crypto Market Back To High Correlation As All Indexes Closely Follow Bitcoin

2022-11-23

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Senators grill federal officials over lack of oversight into SVB, Signature Bank collapse

2023-03-28

Disney Metaverse Division Reportedly Scrapped

2023-03-28

CFTC ‘Pretty Confident’ in Case Against Binance, Says Chairman Rostin Behnam

2023-03-28
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$27,393.001.51%
  • ethereumEthereum(ETH)$1,779.993.89%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.04%
  • binancecoinBNB(BNB)$313.661.91%
  • usd-coinUSD Coin(USDC)$1.000.02%
  • rippleXRP(XRP)$0.5413.23%
  • cardanoCardano(ADA)$0.3784669.04%
  • Lido Staked EtherLido Staked Ether(STETH)$1,774.836.92%
  • dogecoinDogecoin(DOGE)$0.0742192.41%