Blockchain technology has so many advanced features that makes it unique and popular. In Blockchain, every transaction or block is having a timestamp which means no one can modify it. Some advanced features of Blockchain include encryption, decentralization, transparency, east tracking, immutability, and automation. These features can be applied to various industries for their work, creating multiple use cases for them.
Blockchain in the Travel industry
The travel industry is one of the fastest-growing industries. Customers and tourism service providers both can use Blockchain applications. With the use of Blockchain, customers can easily access all the travel-related information of their destination.
Travel agencies also need to share information about flight and accommodation to the customers which are manual processes. Blockchain can bring transparency in flight and hotel booking by sharing all information with customers instantly.
Blockchain in Healthcare
The traditional process of keeping healthcare records is not safe where the doctor might lose important factors and history of the patient like an allergy of particular drug etc. with manual records and files. Blockchain technology can keep track of a patient’s medical history from birth even if the patient misplaces the prescriptions and records.
Real Estate
Nowadays, buying and selling property is a very long process and there is no transparency during the transactions. It includes a lot of paperwork, the possibility of frauds, and errors in property records. Blockchain helps to speed up property-related transactions by reducing paper-based records. Helping investors to reduce transaction costs from both sides of the transaction.it also helps to check all the property-related documents that are accurate and verified.
Oil and Gas Industries
Oil and gas-related companies having several issues related to transparency, efficiency, and optimization. Blockchain technology can automate billing processes in real-time, clear payments, increase business process efficiencies and reduce overall costs related to oil and gas distribution.
Supply Chain Management
One of the important features of blockchain technology is that it can monitor transactions in a more secure way. Supply chains basically include the movement of products from one point to the other till final deployment.
With the use of blockchain, as products move across a supply chain like from manufacturing to sale, each transaction can be stored in a permanent decentralized record with the elimination of time delays, extra costs, and manmade errors.
Government and Public Records
In the government sector also blockchain can help reduce paper-based processes, eliminate fraud, and increase accountability between both parties.
Charity
Blockchain can help people in tracking donations of charity. With the help of blockchain, one can precisely track where your donations are going, and where they ended up in.
Human Resource Processes
In the IT sector and in other organizations, before hiring employee there is a need for background verification and checking employment histories which are manual and time-consuming tasks for human resources professionals. If we save employment records in blockchain, it will be easy for HR Professionals to streamline the selection process and move ahead quickly towards the hiring process.
Education and Academics
Whenever someone takes admission to school or college, the first time-consuming process everyone needs to face is document verification. In schools, colleges or in universities, verification of academic credentials is a manual process including paperwork.
Applying blockchain solutions in education and academics can definitely streamline verification processes, thereby reducing time and paperwork.
Cloud Storage
Some organizations offer cloud storage in order to secure customers’ data on a centralized server, which means all the data is secure from attacks by hackers. Integrating Blockchain technology in cloud storage solutions allow more security for customers’ data and therefore fewer chances of cyber-attacks that can cause extensive data loss.
Stock Trading
For a long time many companies have worked to make the process of buying, selling, and trading stocks easy. Nowadays some startup companies started installing blockchain to automate and secure the stock market-related processes in a more efficient manner than all the past solutions.
Adopting blockchain systems are transforming the transaction processes across almost all the industries. Also in the employment sector, there is a huge demand for blockchain experts. NearLearn provides Blockchain Certification Course in Bangalore at affordable fees. We also provide placement assurance to every student. If you have any queries related to the blockchain training course, you can contact us on 8041700110 or drop a mail: info@nearlearn.com
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