This article was first published on Stories by AppCoins Official on Medium
Fábio Costa, Tech Lead at AppCoins
Blockchain is a technology that provides trust and transparency to its users. Almost any structured information can be stored in a blockchain, resulting in endless business applications that can play a huge part in the business world and in our personal lives.
I have selected 5 ways BlockChain can change the world as we know it, so you can understand how big it can be:
1. Stronger cybersecurity
By keeping data decentralised, with no single location, Blockchain can hold all the confidential records of an organisation or an individual.
The data is also encrypted and cross-checked by the whole network, making it almost impossible to be altered or removed without it being noticed or requiring a signature. For the cybersecurity industry, this can be an important potential advantage.
2 . New ways to find a job
Using Blockchain, companies will eventually be able to share a safe database with “digital profiles” of individuals.
Recruiters and hiring managers will be able to pull up a public Blockchain to learn more about a candidate, including their performance indicators and employment history.
LinkedIn and other professional social media platforms will probably be obsolete by then.
3. Better healthcare
Imagine that our health data would be available in the healthcare system, meaning any doctor could access it in order to treat us in a more efficient way? Or that they could track and reward patients who keep their appointments, stay healthy, and contribute their data for further clinical research?
Right now, that’s not possible, security wise. However, in the closer future, that’s a likely reality — as Blockchain can be used to maintain the integrity of medical records.
4. Smarter homes...
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Stories by AppCoins Official on Medium