As much the present world works toward the greater integrity of technologies, the future of this also offers us countless opportunities. Starting from the core of it, the Blockchain, we can only look at the dynamics growing into an enormous shape, and it is obvious that at this speed, the impossible will be possible in no time. And the most interesting fact is that it will impact the world beyond cryptocurrency. The dispersed network is capable of doing more than one can comprehend, and several industries will fall under its effectiveness.
A Decentralized Future
We all heard about decentralization, but most of us lack the definite factors of it and how those help the system to get better. For quite a while, we have come across the fact that our lives on a virtual platform are not completely private, and our data is misused. Blockchain and its decentralization offer us a peer-to-peer system, be it for investing domains of Crypto or personal social media accounts. The prime concentration may fall upon the trading more vividly, but the consistency rate of it can lead us to conserve a more secure and private experience in the virtual world.
Immutability
Immutability means the proliferation of data and how it cannot be tampered with by any means. A blockchain is a distributed network that keeps track of business activities, and that is also with the assurance towards immutability. This could even be employed to preserve essential and sensitive data safe and protected, preventing those from being tampered with, stolen, or misused. Land rights, birth and death details, business accounts, medical data, judicial conflicts, as well as similar classified material could all be carefully saved on the Blockchain in protected form.
Healthcare, not Sickcare
For all we know, we have been under the pretense for long enough to consider that our medical system works as healthcare, whereas it has always been sick-care only. We were only treated when a situation arrived or when things got out of hand. But it is not the case anymore, as after the turmoil we faced with COVID-19, Blockchain has been taken into account for the medical system to be more concise and helpful. Thus, it means that the public health data and records are always monitored by the system to track even a tiny bit of complications. The tools are advanced to such a level that it works with the best sensitivity while being conferred by HIPAA compliance.
Public Rights
Who has not come across voter fraud? We all know how unreliable these foreign ballet devices can be and how these are so easy to hack and tamper with. The solution here can be only encryption and decentralization, and the master of it all is none other than the Blockchain. Public rights, however vocally discussed with more concerns and treated as a sensitive issue, has been witnessed to be one of most neglected later on. On many accounts, personal attacks have been made on one’s political preferences, both verbally and physically. These things are still present in our society, and with the help of Blockchain, we can put a stopper on it. Blockchain can ensure security by protecting one’s voter ID, voting choice, and, therefore, political preferences. Also, to make the voting more secure, the encryption can help in a much greater account while the counting can be done without fraudulent measures, monitored by the official forces without any other pressing concerns.
A Digital Identity System
User identity theft has become quite a usual issue for such a long time that many have stopped hoping for it to get better. The perpetrator activities have multiplied hundredth times, and data breaches are common issues in every respective field. Blockchain and its encryption system can help us to avoid these humiliations, and we can enjoy a safer user experience. It has already set astonishing standards when it comes to the crypto circle and how it manages to keep the user information safe from hackers, providing each of the accounts a unique code and only incorporating everything under peer-to-peer connection. Identity identification systems built on Blockchain take ownership of identification out from internet entities and regulatory bodies and provide this to users. It allows individuals to keep unique personal Identities private without disclosing them to outside parties, giving everyone the control over their ID units.
Blockchain can be our future if we are persistent toward a more secure system, and the complications can reduce by any greater amount. There will be many setbacks, but it surely is the best option we have right now.