When you think of blockchain, do you just think of cryptocurrency and bitcoin? Blockchain technology extends way more than those two. It not only helps to ensure transparency and accountability, but it also allows businesses and even governments to streamline processes.
Here are companies across different industries that adopt this technology. Learning from these companies can be a big boost to yours!
Blockchain in Money Transfer
Everyone is currently trying to hop on the blockchain train, and because of the proliferation of cryptocurrency apps, this trend is skyrocketing. Used especially in finance, blockchain can help to effectively avoid red tape and transfer money fuss-free.
Aiming to help financial institutions and governments, Chainalysis allows these big players to monitor the exchange of cryptocurrencies easily. The company’s software looks out for any fraudulent trading and compliance violations. It also aims to build users’ trust in the blockchain.
The company oversees the exchange and payouts of cryptocurrency. Its platform currently holds a range of cryptocurrency coins.
Bridging the gap between traditional and decentralized finance aims to provide tools to make transactions more equal. Their layer 1 blockchain technology is used in a range of cases from securities to gaming.
This company aims to help financial institutions construct their own personal blockchain structures, which will in turn help them streamline the way they handle cryptocurrencies.
Blockchain Smart Contracts
Just like regular contracts, blockchain smart contracts essentially combine what would be a regular contract with a layer of security and accountability. The rules of a blockchain smart contract can be enforced in real-time, making the signing of these agreements fast and efficient. There is a growing number of companies and even governments that are choosing to use blockchain this way.
An open-source network, users can easily build blockchain smart contracts and store them in the system fuss-free. On its network, users can also access these contracts without needing any other external tools.
Storing specifically medical information, BurstIQ helps medical professionals access patients’ sensitive records safely and effectively. The smart contract outlines the boundaries of what can be assessed and also recommends personalized health plans.
Focusing on helping musicians, Mediachain helps these music makers negotiate smart contracts and ensure that they get paid fairly. By having transparent contracts, artists can be paid in full and on time.
A global property marketplace, Propy Inc. has a decentralized registry system. It even works alongside cryptocurrency platforms, allowing users to buy properties with their coins.
Blockchain and IoT
Our future is dependent on the Internet of Things. It is extremely important for blockchain to be coupled with IoT. Considering how many applications and safety concerns IoT has, it is essential for security and privacy to be properly protected. Blockchain-infused IoT is a lot more protected, preventing data breaches.
HYPR makes IoT virtually unhackable through password-free solutions. This allows cybersecurity risks to be greatly reduced.
The world’s first biosecurity blockchain-enabled platform for IoT. It manages a wide array of IoT devices and can directly deal with any attempts to hack. They primarily take care of those in the transportation and manufacturing industries.
Helium is the world’s largest network transferring information between IoT devices. Across countless industries, players can share information, track and also report data.
Globally, millions of people fall prey to fraud every day, whether it’s from scammers or hackers. With blockchain security, sensitive information can be kept on a decentralized ledger and government bodies can see a greater drop in hacking cases.
Ligero provides a platform for helping companies facilitate decentralized transactions on and off the blockchain. The platform is capable of doing a wide array of transactions and is managed by a team of experts in cryptocurrency and capital.
Civic is a blockchain-based ecosystem where individuals who are in the system have insights into who has information. There is even a personalizing function, to manage what people can share with each other. If there is a breach of data, individuals affected will be alerted immediately.
Individuals on this platform can manage their own information, and can also verify information in real-time.
The company’s platform focuses on anti-money laundering compliance. Using biometric systems to scan the faces of individuals, government bodies can easily scan and catch those attempting to bypass the system.
Blockchain in Healthcare
Well, it’s still the early stages of blockchain in healthcare, but the future of this technology in this sector looks promising. These solutions seem to be able to lower costs for hospitals and thus patients, and also provide better care for patients through sharing of information across the board.
This company aims to automate business settlements and verify information readily within the life sciences industry. Its network carries contracts between stakeholders and works to ensure compliance with health-related products.
WholeCare provides a wide range of services. There is so much information put out there, but this company streamlines this big information so that it’s properly managed. It brings together patient information, medication data and appointment resources all accessible with a single click. It’s also built on a blockchain network to ensure that all data is as secure as possible, and to prevent any data leaks.
Similar to the other companies which use blockchain technology, Patientory is one that houses all medical records of patients. Everything that a doctor needs to know about a patient can be accessed from this platform. As it’s run by blockchain, doctors and patients can stay in constant communication, and can quickly and effectively diagnose patients without the need to flip through layers of records like they used to.
A big goal ahead for Nebula Genomics — while it’s still a work in progress, this company is aiming to further research into human genomes and share those data in a central repository managed by blockchain. So far, all information gathered has been housed in their systems. Security is tight there so no one’s data may be compromised.
It’s almost unimaginable how blockchain can be used in so many things across the board. This list of companies that have adopted blockchain is a sure way to tell that blockchain is indeed the future.