November 25, 2020
Top 5 applications of blockchain used today in the industry 2020

Top 5 applications of blockchain used today in the industry 2020

Blockchain is way beyond just the cryptocurrency thing you see today! It is being used in health case, keeping govt records, wildlife records, by banks, real estate and much more! The coolest part of all this that all majorly have started in the recent years only! So, the boom of blockchain is just any time soon! IT is going crazy and experimental about it same and thats what we all love!! Don’t we! Here we are taking  5 such blockchains and their application and problem that they are trying to solve! So, lets begin with top 5 applications of blockchain used today in the industry 2020.

1.Voter Registration Project in Switzerland by UPORT

Uport allows to register a globally unique identifier to the Ethereum blockchain. Since identity in a blockchain is through private key-Simple onboarding and single sign-on to applications without passwords or security concerns and many other features they provide. To do so, uPort uses the blockchain as an identity certification authority where a smart contract represents the digital identity of a user while allowing the revocation and replacement of that user’s keys.

2.Real Estate Blockchain by Propy

Propy’s transaction platform, built with Blockchain and Smart Contracts,  is the first to ever release this type of secure transaction processing on the market. Transaction platform was built to integrate Smart Contracts, which offers a great way to apply blockchain technology in the real estate industry.

3.Musician Reward Project by ARbit

ARBIT is a cryptocurrency for the new emerging industry of augmented reality. The goals are to provide a payment solution for users of augmented reality applications by using the latest in crypto-technology and their coins they use for musicians to reward them for their contribution in the music.

4.Hyperledger Fabric Blockchain in China by IBM

Hyperledger is an umbrella project of open source blockchains and related tools, started in December 2015 by the Linux Foundation, and has received contributions from IBM, Intel and SAP Ariba, to support the collaborative development of blockchain-based distributed ledgers.

Hyperledger Fabric is intended as a foundation for developing applications or solutions with a modular architecture. Hyperledger Fabric allows components, such as consensus and membership services, to be plug-and-play. Its modular and versatile design satisfies a broad range of industry use cases. It offers a unique approach to consensus that enables performance at scale while preserving privacy.

Top 5 applications of blockchain used today in the industry 2020

5.Essentia Blockchain records energy supply Distribution

Essentia allows Cross-blockchain transactions to network interconnects multiple blockchains to ensure your ability to interact seamlessly with leading cryptocurrencies and projects in the simplest way possible.

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