Blockchain is not just about cryptocurrency and bitcoins. It created the backbone of a new, more secure, “internet,” with the potential to revolutionize nearly every industry and our daily lives. Are you ready to see how blockchain will shape our near future?
Banking: your private vault
With blockchain, you will be able to store your money and banking records more securely. Transferring your money will be much faster and cheaper. There will also be a minimal risk of system crashes because you will have your own virtual and private vault that no one else can access.
Healthcare: your health information accessible anywhere, at anytime
Your health records will travel with you everywhere, regardless of how many times you change your address, doctor, or insurance provider. Your health information will be accessed immediately, at any time, anywhere, potentially offering doctors lifesaving information in an emergency, even when you are traveling abroad.
Politics: no more voting irregularities
Blockchain can get rid of manipulated votes, voting irregularities, recounts, and “hanging chads.” You will be able to vote online, with an unhackable system. And the results will be indisputable!
Real estate and other legal documents made easier
No more paperwork will be necessary for buying or selling properties. No escrow will be needed as well. Questions over the legality of wills or other legal documents, including questions of digital inheritance, will be eliminated by securely storing and verifying documents.
Government: no more frauds (and less waste)
Welfare, disability, and unemployment benefits will be easier to verify. Fraud and waste will reduce. Smart contracts could ensure that government funds are released only after meeting certain conditions.
Rentals and ride-sharing … of just about anything you need
Imagine a peer-to-peer network for rentals and sharing of goods and services that would eliminate the need for a middle-man company, which naturally takes a cut of the fee. With blockchain, you will be able to rent and borrow just about anything, from books to tools to furniture and more.
Charities and aid organization: safe donations
Smart contracts will ensure that your donations will reach the intended recipients and no one else.
Education: transfer your grades and records everywhere
You will no longer have to take courses only at your university if another university is offering them online. Your grades and records would be instantly transferable, and employers and other educational institutions will be able to easily access them.
International trade and logistics: “end-to-end” visibility
Blockchain will also help shipments be visible and traceable end-to-end, while transactions will become more secure.
So if blockchain is as good as it seems, why isn’t everyone doing it? Progress doesn’t happen overnight, especially when it comes to international trading and logistics. It will take a while before every single business can become plugged into this technology.
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