Home Tech UP Technology The blockchain is more than cryptocurrencies. What can it do for us?

The blockchain is more than cryptocurrencies. What can it do for us?

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When we talk about blockchain technology we automatically think of cryptocurrencies, but it is a more global concept. This technology is put at our service to carry out a wide range of possibilities. nThe blockchain is not the future, it is the present and with it, we are laying the foundations of a technology that is increasingly implanted. Although cryptocurrencies have been the ones that have put the concept of blockchain on the table, activities such as electoral elections, logistics or restoration have a place within this technology.

What is the blockchain?

To understand what it is about, we can refer to this technology as a large virtual database, a huge book with millions of pages and, in turn, with millions of characters written on each one. Each character would be the equivalent of a block of information. When we want to carry out an activity making use of the blockchain, each character involved is modified, but the rest is a copy of that modification. That is, the records are open and everyone knows what has happened. For a character to be modified, all the others must approve that modification.

The blockchain is the base on which cryptocurrencies operate, in fact, many people think that it is the only application that has this technology. Not at all, the blockchain allows it to be incorporated into a multitude of industrial processes and in various fields. Do you want to know what they are? Well get ready to discover everything that is possible thanks to blockchain.

cryptocurrencies

The exchange operations of these values are carried out using blockchain technology. That is the reason why these types of transactions are so secure. To occur, there must be a validation by all members of the chain. The blockchain allows all these operations to be carried out in good conditions, quickly and with guarantees for everyone. By the way, the cryptocurrency miners get their reward.

Electoral elections

If block technology could be adapted to electoral processes around the world, we would see how fraud actions would be out of place, guaranteeing the transparency of the process and preserving anonymity. Actions such as the traditional vote count, a totally outdated model with many possibilities of being falsified, would go down in history. The voting data could be released as they pass, or if not, once the voting periods have closed. We could say that block technology, although it is a reality, still has a long way to go, it has very numerous fields of action, it is only a matter of adapting it to our real needs. But there is no doubt that it will allow us to do things differently.

medical universe

Medicine has some hopes on blockchain. Health documentation, such as medical records and reports, can be safely shared between hospitals and health centers, not only in the same country, but in all of them. In a field that is very topical, that of pharmacy, it is possible to verify the authenticity of a medicine and avoid falsifications. Remember that, currently, a very high percentage of counterfeit drugs can be purchased over the Internet, without any type of guarantee. The use of block technology in the pharmaceutical industry provides a degree of reliability that makes it possible to avoid situations such as the one we have experienced in Europe, a shortage of vaccines or derivation of numerous doses for environments that are not fully classified.

 

Food industry

The use of this technology allows the traceability of a food to be known at all times, from its origin until it reaches the consumer. Of course, it would be workable without any falsifications or inaccurate information. Thanks to the use of the blockchain, you can know exactly what livestock comes from the milk you drink for breakfast , the feeding of the animals, if they have spent enough time outdoors or if the cow has had any disease. There is no doubt that it is a technology that is capable of providing much more transparency to everything.

Intellectual property

Any type of work would be duly registered ensuring its authenticity and authorship, regardless of whether it is music, written documents, cinema or graphic arts. Likewise, our identity on the Internet would always be verified in the event that we wanted to make our work available to the public, always guaranteeing the collection of the corresponding copyright. It could be a good starting point to end piracy.

Notarial system

Notaries will not disappear in the short term, not even in the middle. But we already have the technology advanced enough to ensure the authenticity and the faith of operations that are usually registered in these offices. Furthermore, even if a notary public is a person with unshakable principles, he can always be corrupted. Block technology does not understand corruption, so it would always be able to guarantee the transparency and authenticity of the documents it processes , all at a much lower cost. Now, what nation would dare to legislate on this issue? Can you imagine a country without notaries?

Blockchain technology is here to stay and offer more and more services to citizens. We have to understand our relationship with it in a totally open and different way, since little by little it will end up imposing itself in some areas that it currently has forbidden.

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