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Which Industries Have Adopted Blockchain Technology?

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Which Industries Have Adopted Blockchain Technology

Are you a Blockchain enthusiast? Wondering which industries have adopted Blockchain and how? Well, you have landed on the right page. This article enlists top industries that have adopted Blockchain for good. 

Table of Contents

  • Top Industries Leveraging Blockchain Technology 
  • Concluding Lines: Is Blockchain a Room for Development?

Top Industries Leveraging Blockchain Technology 

The majority of people understand Blockchain in relation to cryptocurrency. However, a number of mainstream industries, including finance, supply chain, gaming, and others, have started to use blockchain technology without any digital currencies. 

Let’s have a look at how such industries are using Blockchain for their operations. 

Finance 

Finance is one of the most crucial applications of Blockchain. In fact, it is easy to see how Blockchain’s properties make it ideal for financial applications. Banks and other financial institutions are already using Blockchain for seamless cross-border payments, clearing settlements, digital identity management, and for other varying purposes. By offering decentralization, immutability transparency, and security, it can facilitate international payments and help perform worldwide financial transactions. By removing irrelevant intermediaries, it can simplify the entire transaction process and allow instant payment solutions globally. 

AIB, Bank of Cyprus, China Banking Association, DNB, and many others are using Blockchain. 

Want to become a Certified Blockchain & Finance Professional? Why wait? Get started today!

Supply Chain 

As various top companies have started realizing the potential of Blockchain, they have started implementing it for real-time data access, privacy, traceability, and auditability for their supply chain management.

For instance, Walmart, a well-known American multinational retail corporation, is utilizing Blockchain technology to add transparency, reliability, and traceability to its food supply ecosystem by digitizing the entire food supply chain process. Similarly, De Beers, the world’s biggest diamond producer by the value of its gems, is using Blockchain to track every natural diamond from the mine to the retail counter.

Apart from this, FedEx, United Parcel Service(UPS), and others are using this technology for their efficient supply chain.

According to the WEF study, Blockchain could contribute to a $365 billion savings by reducing food loss and waste in the food supply chain by 2030. 

As demand for Blockchain professionals is increasing in the Supply Chain Industry, become a Certified Blockchain & Supply Chain Professional today!

Gaming Industry 

Blockchain has entered the gaming industry as well, and it is positively profiting both developers and gamers by providing a reliable and secure environment for developers with encryption techniques to secure crypto transactions. Also, with the concept of tokenization, it is enabling gamers to buy and sell game assets securely. Moreover, smart contract functionalities enable players to transfer all their in-game assets to their public addresses, thus providing complete control over digital assets.

Unlike traditional games, where powers are in the hands of players where they can abruptly shut down games, blockchain-based games give much access and control to players over their games.  

Age of Rust, Crypto Space Commander, CryptoWars, Gods Unchained are some of the interesting Blockchain-based games. 

Pharmaceuticals

Blockchain technology continues to attract attention in the pharmaceutical domain. Amid the COVID-19 pandemic, government institutions globally have incorporated Blockchain technology. Blockchain can help in maintaining a supply chain visibility, providing real-time logging and data visualization of disease spread, early detection of epidemics, verifying communities and workplaces that are risk-free from the coronavirus outbreak, and much more. 

In 2020, several government institutions made announcements regarding plans to adopt DLT for multiple use cases, including the healthcare space. For instance, recently, it was announced that Cyprus’s Mediterranean Hospital utilizes the VeChain platform to store its COVID-19 vaccination records. Similarly, in November 2020, it was announced that South Korean hospitals aim to usher in the new healthcare era by utilizing Blockchain technology. 

Looking for the best Blockchain Certification? Get enrolled and become a Certified Blockchain & Healthcare Professional now!

Voting 

Blockchain can play a significant role in voting as well. It can help in maintaining digital identity, prevents hacking and fraud, and allows anonymous voting. Moreover, Blockchain-based voting eliminates electoral malpractices like manipulations, tampering, recording errors, etc.

For example, South Korea has considered moving to the Blockchain for security reasons. Similarly, it was announced that the Indian state of Telangana is developing a blockchain-based electronic voting system to facilitate remote voting. Apart from this, Russia, the United States, and many others have already used a blockchain electronic voting system. 

 Concluding Lines

Of course, these aren’t the only industries that are exploring Blockchain, but the ones that have taken active steps towards near future implementation. If you are interested in learning more about Blockchain technology and its use-cases, check out the best Blockchain Certification courses at Blockchain Council and become a Certified Blockchain Expert.

To get instant updates about Blockchain Technology and to learn more about online blockchain certifications, check out Blockchain Council.

Which Industries Have Adopted Blockchain Technology?

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Soccer fan tokens on the march as Poland’s biggest club adopts crypto

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The spread of blockchain-based soccer fan tokens across Europe continued on Feb. 22, as Poland’s most successful soccer club partnered with sports fintech firm, Chiliz.

Legia Warsaw, which holds the record for the most number of Polish league championship wins, will launch a token on the fan engagement and rewards platform, Socios.

The $LEG fan token is expected to launch in the coming months and will grant supporters voting rights on various club decisions. Token holders will also be eligible to take part in exclusive games, competitions and VIP experiences. The supply of $LEG fan tokens will be capped at five million.

Legia Warsaw joins 21 European footballing giants to have created fan tokens on the Socios platform recently. Major soccer institutions such as Lionel Messi’s F.C Barcelona, Cristiano Ronaldo’s Juventus, and Zlatan Ibrahimovic’s AC Milan have all launched club-based fan tokens on the Chiliz blockchain.

CEO of Legia Warsaw Dariusz Mioduski appeared optimistic about interacting with the new technology offered up by blockchain and tokenization.

“Pioneering solutions and new technologies, which additionally give our fans unique opportunities to actively participate in the life of our club, are the exact direction in which we want to develop,” said Mioduski, adding, “We believe that the potential of the most popular sports brand in this part of Europe, which Legia Warsaw undoubtedly is, will allow Socios.com to gain many fans not only in Poland, but also in the international arena.”

The CEO and founder of Socios.com and Chiliz, Alexandre Dreyfus, welcomed Legia Warsaw onto the Socios platform and anticipated it would increase overall fan engagement.

“Very soon Legia fans all around the world will have a new way to get closer to the club they love and will be able to influence the team in polls, access VIP rewards, exclusive promotions, chat forums and much more on Socios.com,” Dreyfus said, adding, “We’re sure $LEG Fan Tokens will be a massive hit with fans and become a very powerful new engagement tool for the club.”

Soccer fan tokens on the march as Poland’s biggest club adopts crypto

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AC Milan Launched its Fan Token to Enable Fans to Vote on a Soccer Club Motto

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AC Milan Launched its Fan Token to Enable Fans to Vote on a Soccer Club Motto

According to the latest announcement, AC Milan, a professional football club in Milan, Italy, enables its fans to use Blockchain tokens to vote on the soccer club motto. 

Announcements read that AC Milan, in partnership with Blockchain firm Chiliz has launched the ACM token for its fans with a team motto poll that will see ACM holders create and vote on a motto to inspire players for the rest of the 2020/21 Serie A playing season.

It has also introduced a rewards app named Socios.com, enabling fans to purchase ACM Fan Tokens directly on this app and access multiple benefits. Such benefits include voting rights in club polls, VIP rewards, super-fan recognition, club & sponsor promotions, digital collectibles, games, and chat forums.

AC Milan Partnership with Chiliz Seems a Perfect Fit 

Chiliz and Socios, before helping AC Milan in launching their fan token, launched several tokens for multiple sports clubs and organizations, such as FC Barcelona, Juventus, and Paris Saint-Germain. 

In January 2021, AC Milan officially announced its plans to launch Blockchain-based fan tokens in a bid to reach 450 million fans amid lockdown. 

As a part of development, the report states that the inspirational first poll, scheduled for the next week, will provide over 500 million AC Milan fans with an opportunity to support their favorite football stars.

Mauro Tavola, Partnerships Director at AC Milan, expressed his views regarding its partnership with Chiliz. He stated that his team is delighted to activate the partnership with Chiliz, allowing more than 500 million fans to have their voices heard.

Alexandre Dreyfus, CEO and Founder of Chiliz and Socios.com mentioned that “AC Milan have become the latest giant of the sports world to launch a Fan Token on Socios.com, creating an amazing opportunity for their massive global fanbase to get closer to the club.

It was also mentioned that AC Milan joins 20 major sporting organizations that have partnered with Socios.com, including FC Barcelona, Juventus, Paris Saint-Germain, and many others, and more significant clubs are set to launch Fan Tokens soon.

To get instant updates about Blockchain Technology and to learn more about online blockchain certifications, check out Blockchain Council.

AC Milan Launched its Fan Token to Enable Fans to Vote on a Soccer Club Motto

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Top 5 Uses of Cryptocurrencies

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Top 5 Exceptional Uses of Cryptocurrencies

If you are wondering what are the uses of cryptocurrencies across various domains, you have landed on the right page. Let’s explore some of the exceptional use cases of cryptocurrencies.  

Table of Contents

  • Overview 
  • Incredible Uses of Cryptocurrencies
  • Money Transfer 
  • Luxury Hotels that Accept Cryptocurrencies 
  • Alternative Store of Wealth
  • De-Corrupting Charities
  • Gaming 
  • Wrapping Up

Overview

Cryptocurrency has risen exponentially over the past few years due to its attraction to individuals seeking to use this digital asset as an alternate capital. It all started back in 2009 by an unknown person using the alias Satoshi Nakamoto, and since then, cryptocurrencies have been surrounded by a buzz because of their high potential.

Despite such fame, crypto assets are thought of as high-risk investments for millennials. But those who have realized its potential know that they have the potential to revolutionize the world.

So let’s delve deep and explore some of the incredible use of cryptocurrencies across various domains that you probably haven’t thought of.

Incredible Uses of Cryptocurrencies

It’s no surprise that cryptocurrencies are exciting. Let’s enlist top uses that will surprise you.

  • Money Transfer

Sending and accepting payments at low cost and high speed is one of the most well-known applications of cryptocurrency that almost everyone is aware of. The increased interest is shown by retail banking clients, fintech, venture capital funds, and institutional investors in this financial vehicle and distributed ledger technology. 

This is because the cryptocurrency payment system is Peer-to-Peer(P2P), meaning users can instantly send and receive payments all across the globe without requiring approval from any external source. Moreover, there is no banking fee, no overdraft charges, no returned deposit fees, etc.

Can you afford to ignore this opportunity?

  • Luxury Hotels that Accept Cryptocurrencies 

Yes, you read that right. Various lavish hotels around the globe have started accepting digital payments like cryptocurrencies. The five-star Dolder Grand Hotel located in Zurich now accepts Bitcoin as payment for various purposes such as overnight visits, food, and beverages, etc. Also, the Sandman group has opted for modern upgrades in their hotels, such as accepting cryptocurrencies as a form of payment to offer a high-end experience.

Last month, Airbnb declared an interest in tokenization, cryptocurrencies, and Blockchain technology. Moreover, a Blockchain-based travel booking platform named Travala announced that it allows its users to book holiday homes using more than 30 kinds of cryptocurrencies.

  • Alternative Store of Wealth

This is another exciting application of cryptocurrency. Although you certainly don’t imagine that your bank account and assets will be frozen, the fact is that this happens more frequently than people know. People will find themselves with little or no access to cash when that happens, even though they have done nothing wrong. Unlike cash, digital payments like cryptocurrencies behave like a secured alternative store of wealth, which is censorship-resistant. This means only the authorized people with the private keys can access wallets, unlike traditional banks that are vulnerable to hacks, thefts, and malpractices. Hence, no personal digital wallet can ever be frozen by authorities.

  • De-Corrupting Charities

Who says that cryptocurrencies are meant for gaining profits? Cryptocurrencies are powerful for non-profits as well, for instance, donating to charities. Donations based on crypto assets are faster, transparent, and, most importantly, cost-effective than conventional currencies. This is because of its underlying technology, Blockchain, which enables the flow of information to be transparent. Donations carried out with cryptocurrencies can reduce costs, both in terms of fees and time, and can avoid corruption in charitable organizations and fund leaks. Apart from this, another major benefit is that cryptocurrency donations get more money in the hands of the non-profit. Moreover, it facilitates anonymous donations, as well.

Due to its high potential, the World Food Programme (WFP) is using Blockchain technology to distribute cash support to needy people.

There is good news for all game-lovers as well. Nowadays, the rise of the gaming industry in combination with Blockchain and cryptocurrency games has created a new trend that was never experienced before. Cryptocurrency-based games tend to become more popular, and there are various reasons in support of their popularity.

They are responsible for solving some of the transactions and fraud problems that game developers and players encounter. Crypto-based games can bring benefits in terms of streamlined and decentralized payments, providing real ownership to players, and incentivizing more purchases by making things easily transferable from one game to the other.

Apart from online games, casinos are no more an exception. Various casinos have started using cryptocurrency as a part of their operations, allowing players to earn tokens as an extra reward for playing. 

Wrapping Up

Hope this article has introduced numerous uses for cryptocurrencies that will help you with reasons to own them beyond just their potential increase in value.

If you want to gain an in-depth understanding of how cryptocurrency works and become a Certified Cryptocurrency Expert, we are here to assist you. 

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council.

Top 5 Uses of Cryptocurrencies

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Gaming Industry Adopting Blockchain to Bring a New Era

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There is nothing more exciting to look forward to than new games. Isn’t it? What about blockchain-based games that offer a completely safe environment for gamers.

So let’s get started to see how Blockchain can transform the gaming industry.

Table of Contents

  • Why Blockchain is Booming
  • How Blockchain is Giving a New definition to Gaming Industry
  • Digital Entertainment Asset can Tackle Flaws in the Pay-to-Play Model
  • How Blockchain-Powered Gaming Platform ‘Ultra’ can Give New Definition
  • Concluding Lines

Why Blockchain is Booming 

Blockchain is a peer-to-peer decentralized distributed ledger technology that mitigates the dependence on a centralized authority. Blockchain developers are pushing towards this technology because it offers immutability, transparency, privacy, and complete security and allows everyone to create a verifiable digital record.

Technology has the potential to revolutionize almost all industries, including finance, supply chain, eCommerce, digital identity management; the gaming sector is no more an exception. Blockchain platforms use powerful data encryption techniques to secure crypto token transactions. Moreover, it ensures that hackers can’t edit or modify existing transactions stored in the Blockchain network.

How Blockchain is Giving a New definition to Gaming Industry

Centralized servers are more prone to attacks and hacking. This is because if hackers break the encryption, they can have complete control over the assets stored on the server. But Blockchain allows players to securely store their digital collectibles in their crypto wallets.

Unlike pay-to-play games, which involve central authority, Blockchain-based games allow players to own their in-game assets. This is because Blockchain uses smart contracts functionality whose results are recorded in a decentralized and immutable way; hence no one can change the ownership of the in-game assets.

Digital Entertainment Asset Tackling Flaws in the Pay-to-Play Model

The current market relies on gamers/players who purchase in-app items that become ineffectual shortly, and then players are left regretting how much they spent on expensive games.

According to the latest announcement, a blockchain-based entertainment platform, Digital Entertainment Asset, DEA has the potential to transform the present gaming industry and aims to offer “a highly entertaining and intuitively usable platform.”

Established in August 2018 and headquartered in Singapore, DEA claims to offer three elements: Playmining, Digital Art Auction, and DEAPcoin.

To deal with existing issues, DEA claims to provide a viable solution by rewarding players, meaning users get something in return for adventure and exploration instead of getting charged, known as Playmining. Such assets can then be used in the Digital Art Auction platform. Digital Art is managed by a blockchain that allows buyers with authentic ownership and guarantees that the creators receive full compensation for their works. The team explained that the earned points and reading manga will be free for all players and can be exchanged for digital currency.

The Digital Art can then be purchased using a DEAPcoin, which is specially created for the DEA platform.

DEA also explained that each digital asset would initially offer an illustration by famous Japanese manga artists, and with time, other variety of assets will be added for players.

‘Ultra’ can Give New Definition to Gaming Industry

Ultra, a well-known blockchain-based gaming platform, aims to revamp the gaming industry by putting the power into the hands of developers and players.

Recently, the Ultra gaming platform announced that it will integrate Theta Network’s live-streaming technology that will allow users to preview games in action before making a purchase and earn rewards to spend in the Ultra ecosystem for sharing streams.

Theta Network is a decentralized video delivery network, running on a dedicated blockchain, powered by users.

This is how their integration service will help players. When a user hits a game’s landing page, the game will be played live through Theta streaming technology directly within the Ultra platform, which will allow gamers to earn rewards of both tokens: Theta (TFUEL) and Ultra.

Concluding Lines 

Blockchain was considered a disruptive technology once it became clear that Bitcoin wasn’t it’s only use case. Technology is revamping the gaming industry by enabling open communication between players and developers. Moreover, it can also be helpful in creating decentralized gaming systems where no single authority controls the gaming system. Blockchain aims at enabling gamers to play, discover, compete, and socialize with zero friction.

Thus Blockchain technology can bring a revolutionary change in the gaming industry.

What’s your take on this? Let us know in the comment section.

To get instant updates about blockchain certifications and become a blockchain expert, check out Blockchain Council.

Gaming Industry Adopting Blockchain to Bring a New Era

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This Week in Apps: Photoshop for iPad bombs, Google Plays new rewards program, iOS bug fixes

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Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support, and the money that flows through it all. What are the developers talking about? What Do app publishers and marketers need to know? How is international politics playing out in the App Store? What apps is everyone using?

As November kicks off, we’re looking at a number of big apps launches from Microsoft and Adobe — as well as what went wrong. We’re also looking at the iOS bug-squashing release, a bunch of data about app install trends around the world, Google Play’s new loyalty program and what it means for developers, the continued scrutiny of Chinese apps by the U.S. government, and more.

Fast Facts

eMarketer remindS us that it recently put out a big report on app installs with a ton of insights. It’s actually been live for a few months, but ICYMI, here are some of the key data points and highlights:

  • The average iPhone user in the U.S. downloaded 47 apps in 2018, up from 44 in 2017.
  • The average number of apps installed is rising — up 15% from 2016. In the U.S., Japan, South Korea, and Australia, users had more than 100 apps downloaded in 2018.
  • Smartphone users spend the most time using their top 5 apps. In 2017, the top 5 accounted for 87% of usage. Now (Apr. 2019) it’s 83%. The No. 1 app had a 49% share of the time spent, now it’s 44%.
  • The number of smartphone users in the U.S. will grow just 3% in 2019, compared with 13.2% in India and 12.1% in Indonesia.
  • Related, app downloads grew 165% in India from 2016 to 2018. In China, 70%. In Indonesia, 55%. And in Brazil, 25%. The U.S. app downloads grew just 5%.
  • In June 2019, the App Store had 1.8 million apps compared with Google Play’s 3.1 million.
  • 43% of iOS app install referrals came from Facebook properties, and only 6.6% came from Google properties.
  • Apple Search Ads drove 12% of non-organic installs in May 2019.
  • In-app video ads outperform display ads. Install-to-register rates for video were 35.1% in Q1
    2019 on the Liftoff network, compared with 28.5% for display ads.
  • App engagement drop-off rates after day one are the biggest in shopping apps. (25% engagement after the first day, but 8% at 30 days). Travel also sees a big drop-off. (20% after the first day and 6% after 30 days).

Headlines

iOS Bug Squashing: Apple fixed the iOS bug that killed your background apps. Apple this week finally squashed a very annoying bug in iOS 13 that made the OS overly aggressive about killing background apps and tasks. Apps like Safari, YouTube, Overcast and others were impacted, leading users to lose emails or the video they were watching just when they switched away for a few seconds. What Apple can’t fix is a growing concern that Apple has “lost the plot” following a series of extremely buggy software updates across its product line, which made users hesitant to upgrade to macOS Catalina, and bricked people’s HomePods.

Google admits it can’t secure the Play Store on its own: Google this week announced partnerships with security firms ESET, Lookout, and Zimperium to form what it has branded the “App Defense Alliance.” The goal, the company says, is to unite the security industry to fight malicious apps across Android’s ecosystem of 2.5 billion devices. Basically, Google will integrate its own detection systems with each partner’s scanning engine to help it uncover potential risks and threats. However, the fact that Google is now essentially outsourcing security to a partner ecosystem is an admission of failure, to some extent, about its abilities to keep the Play Store free from bad actors on its own. (But of course, we all knew that already, right?)

Photoshop for iPad is tanking: Adobe released its most important mobile app ever with this week’s launch of Photoshop for iPad. But fans panned the app because it’s missing several key features. Like RAW support! The app now has 2 stars out of 5…yikes. So what went wrong?

To read more, subscribe to Extra Crunch.

Read more: https://techcrunch.com/2019/11/09/this-week-in-apps-why-photoshop-for-ipad-bombed-google-plays-new-rewards-program-ios-bug-fixes/