ICO BitClave. The 10 Best Uses for BlockChain in 2017

 Even though blockchain is a recent invention, but it is set to revolutionize the industry in the same way the Internet did a couple of decades ago. As per the technological experts, blockchain is the most disruptive technology as it has the potential to radically alter the way data of value are recorded and transacted; which could be assets, money, certificates, important records etc. BlockChain has already produced impact on the financial industry significantly as in essence, blockchain is a system of payments, but it also offers endless applications. blockchain has influenced a diverse range of fields such as insurance, teaching, music industry or healthcare, or even tackling world problems like human trafficking or tracking blood diamonds.

 The blockchain is garnering a lot of attention because it will fundamentally change many industries that include Financial Services, Healthcare, Aviation, Global Logistics and Shipping, Transportation, Music, Manufacturing, Security, Media, Identity, Automotive, Land Use and Government. Hence, there are a lot of industries that blockchain will disrupt, here are some of the examples how blockchain will be used in several industries:

1. Cybersecurity

 Cybersecurity has increasingly gained importance as due to the high number of cyber-crimes. According to the World Economic Forum, one of the key risks that the world is facing today is cyber-crime. Blockchain can prove to be the solution to this problem. Due to its decentralized and immutable nature, it is possible to store data in a safe and secure manner using cryptography.

 Moreover, blockchain can reduce conventional cybersecurity risk by removing the need for human intermediaries. This will automatically lessen the threat of hacking, corruption, or human error.

2. Music industry

 Entertainment entrepreneurs are looking towards the blockchain to make content sharing fairer. Just in the music industry, blockchain is being touted as a way to level the playing field for artists by providing them a way to sell their music directly to fans and to solve licensing issues. For example, Grammy-winning singer-songwriter Imogen Heap released her song Tiny Human using a blockchain platform. Users paid for licenses to download, stream and remix the song and each payment was automatically split between all the people involved. Heap has now launched her own blockchain project, Mycelia.

3. Registration of land

 Ownership and history of the property is a time consuming and complicated process that requires the investigation of multiple document sources such as Land Records or Deed Records. The goal is to find any records related to property lines, easements, covenants, conditions and restrictions (CC&Rs), agreements, resolutions, and ordinances. For many countries, building immutable title systems on blockchain could be a means of stamping out fraud and encouraging people to record unregistered land. It might also help banks to lend against land. Sweden is already experimenting by leveraging blockchain by putting its land registry system on blockchain to track land registries. They estimate a taxpayer savings of $106 million per year based on reduction of fraud, eliminating paperwork and accelerating the process

4. Decentralized search engine

 Google, Facebook, and other internet giants are our source of free search, free email, and free chat. However, through user’s every click on advertisements, these search engines, and social media sites are earning thousands of dollars. BlockChain provides an option of decentralized search engine which not only helps you find what you're looking for but also get compensated for your data, thus making third-party advertising networks unnecessary. BitClave is one such decentralized search engine that provides the next generation of search data privacy. It is the combination of all the best aspects of the blockchain, cryptocurrency, and browsing that delivers a high-quality search experience. For more information on BitClave, check out this link to see how it can enable a direct customer to business interaction with no need for intermediaries.

5. Banking

 As per Accenture survey, “Nine in ten executives said their bank is currently exploring the use of blockchain.” The use of blockchain in banking industry will help transform payments at scale and aid in reducing the risk of failure

6. Finance

 Visa is already into blockchain and recently launched Visa B2B Connect partnering with Chain to analyze the possibility of optimizing near real-time funds transfer system for high-value bank-to-bank and corporate payments. IBM Global Finance is also working on one of the largest BlockChain implementations.

7. Healthcare

 Unfortunately, in the healthcare industry, data storage is done through outdated methods such as legacy systems which are usually insecurely stored. This has led to cyber-attacks often due to their weak technical infrastructure. BlockChain technology provides the best solution to safely store and share data with patients and authorized healthcare professionals. In a recent study, the IBM Institute for Business Values indicated that 16 percent of healthcare institutions are expected to have a commercial blockchain solution at scale in 2017. Startups that are working on disrupting the current status quo in the healthcare data space are California-based Gem and Connecticut-based Tyrion.
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8. Supply chain management

 This is one industry that is destined to be disrupted most by the blockchain technology. Already, there are multiple startups building blockchain solutions for supply chain management. These include UK-based Provenance, California-based Skuchain, and New York-based Hijro.

 The advantages of implementing blockchain supply chain are several. It will help in giving options such as providing in near real-time the whereabouts of goods, making payments and receiving payments as goods pass through points in the supply chain e.g. customs, providing a complete picture of supply and demand (when tied in with sales data).

9. Cloud storage

 Most companies that offer cloud storage services often put their customer’s data in centralized servers, which are vulnerable to breaches and data loss due to operational, malicious cyber-attacks or even human errors. On the other hand, cloud storage solutions that integrate blockchain technology are less vulnerable to cyber-attacks that may cause loss of data or breaches. BlockChain technology allows distributed retention of encrypted data and is at the heart of cooperative cloud storage. Example of such blockchain based, end-to-end encrypted, cloud storage network is Storj.

10. Logistics and shipping

 Belgium-based Port of Antwerp announced a blockchain pilot to automate and streamline the port's container logistics operations. As per their statement:

  "According to the terminal authority, moving containers from point to point often involves more than 30 different parties, including carriers, terminals, forwarders, haulers, drivers, shippers and more. This process results in hundreds of interactions between those parties, conducted through a mix of e-mail, phone, and fax."