Transformational Potential of Blockchain Development Service

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Transformational Potential of Blockchain
Development Service
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Today, theres a sense that most of the
cryptocurrencies created using blockchain
development have been only really good as an
investment rather than a currency that can be
utilized to actually purchase things, and so long
as this is the case it seems certain that the
consequences attached to Bitcoin, Ethereum and
their like will be incredibly high.
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The Growth in Blockchain Development
Services There are countless applications
running on blockchain technology. From banking to
transportation to employment,blockchain
development services are growing rapidly in
different sectors such as- 1. Shipping and
Transport 2. Energy Production 3. Healthcare
Blockchain and more
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Shipping and Transport Denmark-based shipping
company announced initial results of their
experiment with IBM to use the blockchain
technology to track containers as they navigate
the globe. As a worldwide known container
logistics company, Maersk has the ambition to
digitize the global trade. As per them, the
utilization of blockchain in their business has
brought substantial efficiency and productivity
gains to global supply chain, while increasing
security and decreasing the fraud.
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Energy Production Green energy startup Power
Ledger, are making the use of Echochain, which
claims to be a greener form of blockchain. The
main objective of using blockchain in is to make
it easier for people with renewable energy
installed on their houses or property to sell it
on other consumers.
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Healthcare Blockchain The potential is
probably magnificent in healthcare industry
however, where a number of projects have
increased that utilize the technology. For
instance, earlier this year AI division DeepMind
of Alphabet announced the launch of a blockchain
for maintaining the healthcare data. The vision
is to automatically record every interaction with
patient data in a secure manner.

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Finally, will blockchain give lift to
applications that will become so crucial for
societies that people simply can not use other
alternatives? Do you want to know more about
blockchain development? Panacea Infotech is
leading blockchain development service provider
to help you out. Be sure to contact us if you
have any requirements. Contact Panacea Infotech
Pvt. Ltd. 102, Pentagon Tower P-4 Magarpatta
city, Hadapsar Pune, Maharashtra 411013,
India 9120-49110303 Email info_at_panaceatek.com