Applications of blockchain technology in our daily lives

Before beginning to list the current uses of the blockchain, we will highlight three of its many benefits: immutability, transparency, and traceability.

Everything that is written on the blockchain is immutable. It cannot be modified, except in rare cases given its complexity and difficulty. That is, what happens in the block stays in the block. If you want to learn more about blockchain technology and how it works, we recommend that you take a look at this vídeo video.

Another benefit is transparency. Everyone has access to the same information without the possibility of cheating or misunderstanding.

Finally, traceability, when there is total transparency, we can trace any information inserted in the blockchain. This can be fully or partially automated. This way we can keep track of any wallet, movement or action that happens within the block. This process is very useful for NGOs, donations and other situations that we will see later.

The information, operation and/or action that we carry out within the blockchain happens in the most secure, transparent and unalterable system that exists.

Faced with these possibilities offered by the blockchain technology, there are many uses and applications that have appeared since its creation.

Beyond digital assets, smart contracts, cryptocurrencies and NFTs, companies are making their way by applying this technology to improve their internal processes and provide security and transparency to everything that happens within it.

That is why each day it is more frequent to find new applications and uses of this technology. Let's look at some of its uses and those that are yet to come:

Banking and finances

This is the sector where it all begun. Due to its intrinsic characteristics, it facilitates the commercialization of different banking products, transactions are fast, almost instantaneous and fraud and risks are avoided, in addition to eliminating intermediaries.

Medicine and health

Thanks to the traceability of the data, it is possible to carry out a deep analysis of the steps that a certain medication has followed from its creation in the laboratory until it reaches the patient. Clinical research can be carried out through decentralized management offering full transparency and immutable records.

The detection and prevention of diseases through exhaustive patient monitoring is also one of the current applications in heart disease or diabetes.

Industry

It allows improvement in the logistics processes of production and product management thanks to the traceability of all the merchandise. With the convenience offered by smart contracts (you can read more information about smart contracts in this article), productivity is improved, and transactions are made possible from anywhere in the world without the need for intermediaries.

Online sale

Beyond being able to make any sale/purchase online of any object or thing, digital or physical, and being able to do it safely and instantly (learn more about Buyser and how to sell everything you don't need in an easy and simple way), initiatives such as OpenBazaar allow buyers and suppliers to connect without intermediaries, thus lowering product costs, speeding up the process and making it safer.

Authorship and contents

Other current uses have to do with the rights and intellectual property of artistic creations and content.

Through platforms such as Mediachan or Monegraph, artists can have more control over the use of their works or creations and allow automatic distribution of them upon receipt of an agreed payment.

Something similar happens on Steemit, where content creators receive payments in cryptocurrencies based on the popularity of their information and content.

Public administration

Few are the countries that have already incorporated blockchain technology to have a decentralized national administration and thus improve all processes, with a better experience for users and employees.

Estonia is one of the countries that implements this technology, which allows the storage of fiscal information related to the national productive sector and the health of its taxpayers. In addition, Estonia offers a digital European citizenship that places it ahead of other European countries, making it a benchmark. (If you want to know more about obtaining Estonian e-Residency you should consult this article).

All of the above offers new possibilities and has a direct impact on the real world, whether or not we are aware of what is happening in the blockchain.

Today's technology and applications are incredible, but for mass adoption to emerge, more everyday applications need to appear. That our digital assets can be used in our day to day in an easy and simple way as it happens with the action of breathing.

That is why more and more applications are emerging that allow users to integrate the blockchain in their day to day lives.

One such app is Vineber, which allows users to establish social relationships through smart contracts, share exclusive content publicly or privately, and establish their communities in a secure and transparent way. In this way, Vineber users will be able to earn money through their content and donations from their communities.

As you can see, the possibilities and applications offered by the blockchain have no limits. Well, only one, the technology itself. With each technological advance, new uses will appear, such as being able to monitor any type of agricultural crop, allowing us to program and automate its needs, linking it with real-time weather information, turning them into smart crops.

From Metadao we remain excited and expectant about such a promising future, eager to learn about the new applications within the blockchain, which will change the world.

Do you have a crazy and revolutionary idea and would like to carry it out? Do not hesitate to write to us and let's shape this madness together!