Blockchain has been most popular in the development of cryptocurrencies. But as a blockchain developer, we see advantages in applying it to almost any industry where trust in partners and transactions is needed:
Financial transactions
Blockchain has gained prominence as the backbone of cryptocurrencies. But its application is very much in demand in other traditional financial transactions, such as accounting for payments, coordinating balances, and tagging unique documents.
Secure electronic document management. Virtual notary.
Blockchain allows to create continuous chains of blocks. Blocks in this case can be documents, which are marked with unique signatures. The technology completely excludes document forgery, which is a guarantee of its authenticity.
Insurance
When technology is introduced into the insurance industry, the risks of confirming transactions are completely eliminated. A continuous chain where data is stored that cannot be compromised is the best guarantor of document authenticity.
Data verification and more
The application of the technology is virtually unlimited. Everywhere you need to verify or simply be sure of the authenticity of transactions and data, you’ll find applications for the new blockchain technology.
Transparent public services
The use of blockchain will eliminate unnecessary intermediaries in the application process and document storage. Openness makes the execution of services transparent and understandable for each party. It also makes it easier for government agencies to monitor the implementation of decisions.