Post by nelsonelias on Feb 20, 2024 11:24:06 GMT
The emergence of Ethereum is an open source Blockchain project for this need. Today, users can create smart contracts that perform functions completely automatically without the need for an intermediary or human intervention. Sharing economy To rent a car, you must go through an intermediary, Uber or Grab, who will be the intermediary to resolve the problem between you and the car rental person. But with Blockchain, people will not need intermediaries to make transactions. Expand capital calling market In 2016, DAO successfully raised $200 million in capital in 2 months based on Ethereum. This has proven that Blockchain has the potential to open a new model for economic cooperation. Administration Distributed, public database brings transparency and completeness. Smart contracts built from Ethereum are completely automated, making governance transparent and fair, and can be applied to many fields such as organizational management, elections, etc.
Check the supply chain Blockchain 's transparency and openness are an important basis for supply chain inspection. For example, allowing consumers to check product information before choosing. Store files Decentralized storage clearly brings Loan Phone Number List many benefits, data is distributed throughout the network, publicly, transparently, not centralized, without worrying about being attacked. Market prediction Augur, a market prediction application using Blockchain in development, allows participants to ask questions, create markets based on predicted results, and collect transaction costs from the created market. Protect intellectual property rights Mycelia uses Blockchain to create a peer-to-peer music distribution system. There, musicians sell songs to customers, sharing profits with singers, all done using smart contracts. Internet of Things (IoT) Blockchain technology can easily help you manage a network of electronic devices remotely, automatically.
This helps reduce costs and increase the efficiency of the whole system. Identity management Blockchain provides advanced methods to digitize personal data. Compared to current identity authentication solutions, Blockchain is truly superior. AML and KYC AML(Anti-money laundering) and KYC(Know your customer) – two issues that financial institutions implement with multi-step processes. If Blockchain is applied, it will help reduce human resources and improve monitoring and analysis efficiency. Securities trading Transactions are performed peer-to-peer and confirmation is almost instantaneous, eliminating many complicated intermediary steps such as auditing, custody, etc. Neighborhood Microgrid Enables trading of renewable energy, thanks to neighboring micro-grids. Using Ethereum smart contracts, excess energy from solar panels is automatically resolved.
Check the supply chain Blockchain 's transparency and openness are an important basis for supply chain inspection. For example, allowing consumers to check product information before choosing. Store files Decentralized storage clearly brings Loan Phone Number List many benefits, data is distributed throughout the network, publicly, transparently, not centralized, without worrying about being attacked. Market prediction Augur, a market prediction application using Blockchain in development, allows participants to ask questions, create markets based on predicted results, and collect transaction costs from the created market. Protect intellectual property rights Mycelia uses Blockchain to create a peer-to-peer music distribution system. There, musicians sell songs to customers, sharing profits with singers, all done using smart contracts. Internet of Things (IoT) Blockchain technology can easily help you manage a network of electronic devices remotely, automatically.
This helps reduce costs and increase the efficiency of the whole system. Identity management Blockchain provides advanced methods to digitize personal data. Compared to current identity authentication solutions, Blockchain is truly superior. AML and KYC AML(Anti-money laundering) and KYC(Know your customer) – two issues that financial institutions implement with multi-step processes. If Blockchain is applied, it will help reduce human resources and improve monitoring and analysis efficiency. Securities trading Transactions are performed peer-to-peer and confirmation is almost instantaneous, eliminating many complicated intermediary steps such as auditing, custody, etc. Neighborhood Microgrid Enables trading of renewable energy, thanks to neighboring micro-grids. Using Ethereum smart contracts, excess energy from solar panels is automatically resolved.