Pretty much everything is adopting blockchain technology in some way or another these days, and it is easy to see why. Blockchain has the potential to better so many markets, and impact some of the worlds most powerful and important sectors. Here are just some ways they can help the worldâ¦
They can create a healthier global environment:
People are caring more about the environment nowadays, and are making a conscious effort to purchase environmentally friendly products where possible. Blockchain can make this process so much more transparent, by allowing people to track the entire process for most products; so they will know how the product was handled, what went in it, and whether there were any environmental impacts.
This will mean that companies can no longer lie or cover up certain details, in regards to their production, meaning they will be forced to make their products more environmentally friendly.
It can have an impact on democracy:
Right now, governments can block certain things, such as websites and apps from their citizens; however, by introducing blockchain, this could change.
In time, it would allow more freedom of speech, and the ability for online communities to grow and flourish.
It can change digital identification:
There are currently about 1.5 billion people in the world who cannot verify their identity, meaning they struggle to receive their basic rights.
Blockchain can be used to provide these people with a digital identity that can be verified and traced, giving these people access to their basic rights â such as to an education and healthcare.
It can help to track taxes and assets:
Taxes are not necessarily being collected in the most efficient way at the moment, but introducing blockchain, could allow governments to easily track and receive the taxes from their citizens.
In time, this would benefit the economy, as governments will end up with far more revenue, and would allow the authorities to spend their money on things that will help to resolve any issues that arise.
Finally, you could benefit from better healthcare:
Some companies have already adopted blockchain and are using it to better track patients once they leave hospital, something that is lacking in most areas. Blockchain technology can monitor the patients well being, which can also save money in the long run.
It can also be used to securely store data and any payments that are made. A company has also used the blockchain technology to allow patients to sell their data for research purposes.
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