Blockchain Technology is used widely in the relative application of Finance, Logistics, Public service. A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions.
1. Blockchain, which use what's known as distributed ledger technology (DLT).
2. Blockchain protects data voiding data tempering by cryptology.
3. Blockchain uses a consensus algorithm to reach consensus on the new data.
1. Application prospects in financial field
Blockchain brings the potential huge value for international exchange, Letter of Credit, CHESS sponsorship,
Socks market and so on.
Blockchain Technology in finance Vertical, makes less capital and realize P2P connection, so that
reduce the cost and speed up the pay transaction.
2. IoT & Logistics Vertical
It could save logistics cost, be easy to track the manufactural production and transportation process,
meanwhile improve the efficiency of supply chain management after applying Blockchain.
ex. Skuchain builds the new solution of supply chain using BlockChain, realize the synchronize between
Product flow and Capital flow, at same time minimize the fake issue.
3. Public service Vertical
In Public service, Resource and Transportation vertical which is much related with daily life, it
still could be renewed by Blockchain.
ex. Capital government of Spain Lugo setups a public legal voting system. The government of Estonia
already co-operates with Bitnation on Blockchain technology focusing on marry authorization, Born
authorization, Trading contract and other authorization service.
4. Authorization & Public notarization Vertical
Blockchain born with the property of data tempering, much useful for Authorization & Public notarization
Marketing.
ex. Bitproof is a company for file authorization using Blockchain technology. At the beginning of
co-operation with Holberton School, the School announced they will use the Blockchain technology
for Diploma Certificate to shoot the problem of fabricate academic credentials.
5. Application Prospects in the Field of Digital Copyright
Through Blockchain technology, it can be used to identify works including text, video and sound for
the authenticity and uniqueness of the ownership. The information is on Blockchain, After happen
the subsequent transactions, that will be recorded on Blockchain in real time to achieve the full
life of digitized copyright. Cycle management can also be used as a technical guarantee in Judicial
Forensics.
For example, Ujo Music platform has set up a music copyright management platform with the aid of
the block chain. The new model, the creator of the song and the consumer can establish a direct connection,
save the cost of the middleman.
6. Forecast Marketing & Insurance Vertical
In the field of insurance, the insurance institution is responsible for the collection, investment
and claim of the funds. The cost of management and operation is high. Through the application of
intelligent contracts, no applicant is required. It does not need the approval of the insurance company,
so long as the claim conditions are triggered, the insurance policy can be automatically compensated.
For example, a typical application case is LenderBot，a application defined by a block chain enterprise
Stratumn, DDT and Lemonway(a payment service provider) in collaboration, allow People using Facebook
Messenger to regist customized Insurance products and block chain taking 3rd party roles are replaced
in the loan contract.
7. Charity Vertical
Letters in Charity processes, such as donation projects, collection details, capital flows, feedback
from the recipients and so on, can be stored on the block chain and can be transparently publicized.
That is convenient for social supervision.
For example, the BitGive platform, a non-profit philanthropy foundation, is committed to bitcoin
and related technologies on charitable and humanitarian work. In 2015, BitGive public charity plan2.0,
the application of block chain technology is to establish an open and transparent donation platform.
1. Application prospects in financial field
Blockchain brings the potential huge value for international exchange, Letter of Credit, CHESS sponsorship,
Socks market and so on.
Blockchain Technology in finance Vertical, makes less capital and realize P2P connection, so that
reduce the cost and speed up the pay transaction.
2. IoT & Logistics Vertical
It could save logistics cost, be easy to track the manufactural production and transportation process,
meanwhile improve the efficiency of supply chain management after applying Blockchain.
ex. Skuchain builds the new solution of supply chain using BlockChain, realize the synchronize between
Product flow and Capital flow, at same time minimize the fake issue.
3. Public service Vertical
In Public service, Resource and Transportation vertical which is much related with daily life, it
still could be renewed by Blockchain.
ex. Capital government of Spain Lugo setups a public legal voting system. The government of Estonia
already co-operates with Bitnation on Blockchain technology focusing on marry authorization, Born
authorization, Trading contract and other authorization service.
4. Authorization & Public notarization Vertical
Blockchain born with the property of data tempering, much useful for Authorization & Public notarization
Marketing. ex. Bitproof is a company for file authorization using Blockchain technology. At the beginning
of co-operation with Holberton School, the School announced they will use the Blockchain technology
for Diploma Certificate to shoot the problem of fabricate academic credentials.
5. Application Prospects in the Field of Digital Copyright
Through Blockchain technology, it can be used to identify works including text, video and sound for
the authenticity and uniqueness of the ownership. The information is on Blockchain, After happen
the subsequent transactions, that will be recorded on Blockchain in real time to achieve the full
life of digitized copyright. Cycle management can also be used as a technical guarantee in Judicial
Forensics. For example, Ujo Music platform has set up a music copyright management platform with
the aid of the block chain. The new model, the creator of the song and the consumer can establish
a direct connection, save the cost of the middleman.
6. Forecast Marketing & Insurance Vertical
In the field of insurance, the insurance institution is responsible for the collection, investment
and claim of the funds. The cost of management and operation is high. Through the application of
intelligent contracts, no applicant is required. It does not need the approval of the insurance company,
so long as the claim conditions are triggered, the insurance policy can be automatically compensated.
For example, a typical application case is LenderBot，a application defined by a block chain enterprise
Stratumn, DDT and Lemonway(a payment service provider) in collaboration, allow People using Facebook
Messenger to regist customized Insurance products and block chain taking 3rd party roles are replaced
in the loan contract.
7. Charity Vertical
Letters in Charity processes, such as donation projects, collection details, capital flows, feedback
from the recipients and so on, can be stored on the block chain and can be transparently publicized.
That is convenient for social supervision.
For example, the BitGive platform, a non-profit philanthropy foundation, is committed to bitcoin
and related technologies on charitable and humanitarian work. In 2015, BitGive public charity plan2.0,
the application of block chain technology is to establish an open and transparent donation platform.