Blockchain as a business technology of the future!
Tags: Technology, Blockchain, Apple, Bitcoin, Future

Bitcoin and blockchain have been much talked about for several years now and the number of people interested in the technology is growing.

In simple terms, blockchain is a database, where information is secure, as it cannot be changed or removed.

In short, the block chain is a database you cannot deceive, amend, and you will not delete anything there. Ageless like Lukashenko.

The potential of the technology has not been fully unleashed so far, although the best specialists are working on integration and studying of blockchain even now, this very minute, while you are reading the article.

Blockchain is applied in many areas such as logistics, medicine, construction, public sector. The technology especially interests businessmen that want to optimize business and save funds.

Of course, not all entrepreneurs are ready to invest in the new technology, whose potential has not been fully unleashed. However, blockchain is conquering the world: new specialists in the technology emerge as well as innovative application areas.

In many European countries, one can find a large number of seminars, meetups, and conferences, where the technology is discussed, for instance, Blockchain Summit, Blockchain Life, CryptoSpace, and Blockchain & Bitcoin Conference series. Participants can learn more about blockchain, gain insight into its peculiarities, and understand how to implement the technology in their projects. Many companies already use it in their business.

A step ahead

In December of 2017, Apple filed a patent application to use blockchain in the system for creating and certifying timestamps.

As blockchain transactions are transparent and unchangeable, every participant has access to records. Attempts to change a timestamp would be registered preventing fraud and ensuring resistance to attacks. In such a way, Apple Wallet would be protected against hacking and breaches. As a result, your Apple Wallet would be secure, and the poor online fraudster would probably find a job after another failure.

My car is my castle

Porsche became the first car manufacturer that uses blockchain in the automobile industry. Together with the German startup XIAN, the company is testing blockchain-based applications integrated in car computers.

Applications ensure locking and unlocking of car doors, temporary access authorization, and encrypted information logging. The use of the technology allows securely connecting to the repository that stores data related to the car and its features.

Coca Cola and blockchain: what do they have in common?

The world-famous Coca Cola beverage company has implemented the blockchain technology in its business. Not in vain, one of the company’s slogans is “Taste the feeling”. The management uses blockchain for fighting against compulsory labor.

Distributed ledger will contain data related to employees including their labor agreements. Data will be protected using electronic notary services. In such a way, the company wants to reduce the number of undocumented workers and fight against compulsory labor. As a result, unpaid overtimes and employment of underage workers will be eliminated — blockchain is making the world more humane.

As you understand, blockchain is deployed almost in all areas. Indeed, its arrival has revolutionized modern technologies and it can be likened to the invention of the Internet.

Today most of companies, startupers and reputable specialists master blockchain not to miss out on the opportunities of the modern business. Therefore, in case blockchain and Bitcoin are synonyms for you, we recommend that you change the situation or remain the last “analogue mammoth” in the world of digital technologies.