Blockchain Use Cases in Various Industries - Blockchain App Factory

1
The innovative technology of Blockchain and its
use cases
2
Introduction to Blockchain technology

• Blockchain technology has evolved since its
  inception rapidly.
• Its first implementation was in the form of
  Bitcoins.
• Now, it has so many applications in various
  industries around the globe.
• The features of blockchain make it a suitable
  technology for efficient operations.

3
Characteristics of Blockchain

• Decentralized 
• The blockchain network is not controlled by any
  central authority.
• All participating nodes have equal access to the
  network.
• Therefore, no data can be altered without
  verification from all nodes.

4
Characteristics of Blockchain

• Transparency 
• Transactions on the blockchain network are
  visible to anyone.
• The possibility of fraud is greatly reduced.
• Immutable 
• There is no way transactions can be altered or
  manipulated.
• Once recorded in the blockchain, data cannot be
  removed.

5
Use cases

• Banking
• Blockchain can help removed third parties.
• Transactions fee payment is eliminated as there
  is no need for middlemen.
• Insurance
• The typically long claiming process is greatly
  reduced.
• Processes are automatic and efficient.

6
Use cases

• Healthcare
• Blockchain allows secure and efficient storage of
  medical and patient data.
• It creates a more organized system.
• Supply chain
• The supply chain is filled with various
  processes.
• Keeping track can be difficult.

7
Blockchain development services

• Blockchain-based service companies are available
  on the internet in abundance.
• It is important to choose a reliable and
  high-quality developer to enhance your business.
• Blockchain App Factory is a leading blockchain
  development company that is skilled in providing
  highly-customizable solutions for your business.
• Have a look at their website for more info.

8
Touch With Blockchain App Factory
Mail info_at_blockchainappfactory.com Web
https//www.blockchainappfactory.com/blockchain-de
velopment-company Mobile [phone]