5 Best Uses You Can Get From Using Blockchain Technology

Many people find blockchain technology and cryptocurrency as synonyms. In the reality, the blockchain is so much more than just a technology behind a certain cryptocurrency. Here are five great uses you can get from using it.

1. WWW Resiliency

Blockchain technology can be used for many other reasons other than just finances, which is one of the reasons why developers are trying to create decentralized internet platforms. This way every action that is taken on the internet would be distributed as a small fragment of data through hundreds of nodes. This is why it’s expected the resiliency of the World Wide Web to be much stronger.

2. Encryption

The blockchain technology can also be used for messaging. As one of the most important uses for users, developers are working hard on new ways of encrypted communication using only private keys.

3. Smart Contracts

Smart contracts can operate as decentralized applications. They can replace old standard contracts and take care of much more sophisticated functions.

4. Cybersecurity

For countries that have highly developed defense policies, cybersecurity is a real threat. Since malware can be attached to modern weapons, startups are forming so they can build blockchain-based systems so the military data cannot be compromised.

5. Vote, Vote, Vote

You already know that in some countries in the world online voting is a real thing. This makes sense since e-voting is more efficient, faster and well, eco-friendly. Voting records are stored on the blockchain. Many startups are forming as well to create the perfect software so people around the world can vote without a hassle.