'Blockchain' technology allows to make transactions of any kind of way to reliably and safely, without the need for an intermediary and, therefore, no commissions. In the first world, it opens the door to new business models in areas such as electric car, digital micropayments or industry. In the third world, the 'blockchain' can do much more than that.
The banks were the first to start studying the possibilities of this technology, which on the one hand threat your business brokerage, but on the other hand easier trade with other types of products, such as smart contracts (or smart contracts ).
In the industrial sector, it was discovered that this system enables total product traceability, since it is manufactured until a final consumer buys it.
The blockchain also makes it possible that a company becomes its own Bank and accept collect micropayments. This would be very useful, for example, for the payment of charges the batteries of electric cars.
But let us look a little beyond our environment, there are several ways by which the blockchain is beginning to help those poorest of the poor of the planet.
On the one hand, by banks, reduces the amount of the guarantees or deposits that require when hiring services . Guarantees that are beyond the reach of many citizens of India or Africa, for example.
This is because the blockchain reinforces the authentication and the security of transactions, and consequently reduces the cost posed questions for banks.
Secondly, the blockchain cheaper remittances . Also it could boost recruitment of health and life insurance , whose administrative costs and levels of fraud are worthless.
To mitigate the impact of the fraud, theoretically it would encourage financial institutions to lend money to small businesses, whose cash generation flow requires a certain mattress .
Finally, this technology it could improve the efficiency of humanitarian aid , "subject to corruption, discrimination and mismanagement". The United Nations world food programme expects the use of blockchain has a reduction in its overhead from the current 3.5% to less than 1%.
Also, you can accelerate aid in remote areas hit by disasters, where there are no ATMs or banks do not work normally. In urgent situations, the blockchain can even replace the scarce local cash, allowing aid organizations, residents and merchants to exchange money electronically.
POTENTIAL
In the longer term, raises the possibility of creating personal identification systems based on blockchain .
