The uses of the blockchain technology are not limited to Bitcoin or the Cryptocurrency. Blockchain can be used in many different use cases. Let's list some interesting ones.
1. Cryptocurrency
Cryptocurrency is the most famous Cryptocurrency-Bitcoin. This is where the blockchain technology came from and where it becomes relevant to us. Cryptocurrency, like Bitcoin, allows users to directly send money without relying on the intermediary such as a bank. In this use case, each block is a transaction of money transfer. The ledger keeps track of the transaction history. Just heard the news that the Cryptocurrency market cap has passed $160 billions for the first time, as trading platforms post new records[1] The use case makes people adopting this technology more and more seriously.
Cryptocurrency is the most famous Cryptocurrency-Bitcoin. This is where the blockchain technology came from and where it becomes relevant to us. Cryptocurrency, like Bitcoin, allows users to directly send money without relying on the intermediary such as a bank. In this use case, each block is a transaction of money transfer. The ledger keeps track of the transaction history. Just heard the news that the Cryptocurrency market cap has passed $160 billions for the first time, as trading platforms post new records[1] The use case makes people adopting this technology more and more seriously.
2. Digital Asset Management
Blockchain can help users trading assets. The assets can be learning credits, stock and others.
Blockchain can help users trading assets. The assets can be learning credits, stock and others.
- Learning Ledger: Each block represents a learning credit. The ledger keeps the record of your learning history. Teachers get paid by providing the learning blocks and are evaluated by the earning of their students. [2]
- Supply Chain : each block represents a inventory transaction. The ledger keeps the record of the transaction history. Users can get consistent and transparent information of the supply chain to lower the administration overheads and improve efficiency. [3]
3. Smart Contract
This use case focuses on contract part of the blockchain technology to execute contracts without intermediaries. Each block is a contact. The ledger keeps track of the contact history.
This use case focuses on contract part of the blockchain technology to execute contracts without intermediaries. Each block is a contact. The ledger keeps track of the contact history.
Resources
- Cryptocurrency Market Cap Reaches Record $161 bln, Investments Flow, August 29, 2017
- Oracle Launches Enterprise-Grade Blockchain Cloud Service, Oct 2, 2017
- IBM Blockchain