Thursday, September 21, 2017 4:12:51 PM
Major applications of blockchain include cryptocurrencies—including bitcoin, BlackCoin, Dash, and Nxt—and blockchain platforms such as Factom as a distributed registry, Gems for decentralized messaging, MaidSafe for decentralized applications, Storj and Sia for distributed cloud storage, and Tezos for decentralized voting.[22]:94 Frameworks and trials such as the one at the Sweden Land Registry aim to demonstrate the effectiveness of the blockchain at speeding land sale deals.[67] The Republic of Georgia is piloting a blockchain-based property registry.[68] The Ethical and Fair Creators Association uses blockchain to help startups protect their authentic ideas.[69]
New distribution methods are available for the insurance industry such as peer-to-peer insurance, parametric insurance and microinsurance following the adoption of blockchain.[64] Banks are interested in this technology because it has potential to speed up back office settlement systems.[70] The sharing economy and IoT are also set to benefit from blockchains because they involve many collaborating peers.[71] Online voting is another application of the blockchain.[72] Blockchains are being used to develop information systems for medical records, which increases interoperability. In theory, legacy disparate systems can be completely replaced by blockchains.[73] Blockchains are being developed for data storage, publishing texts and identifying the origin of digital art.
Banks such as UBS are opening new research labs dedicated to blockchain technology in order to explore how blockchain can be used in financial services to increase efficiency and reduce costs.[74][75]
https://en.wikipedia.org/wiki/Blockchain
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