In the current environment, where data is under constant threat, traditional backup solutions are not enough to guarantee data protection. Solutions using blockchain technology can provide indisputable data verification in any industry. Common use cases include property and medical records, chain-of-evidence for court documents, police video or security camera footage, intellectual property documents, long-term archiving that could be subject to IT audits, and consortium data storage, where multiple entities or individuals need to securely store and exchange massive amounts of data and information.
Up Next in Blockchain
Blockchain technology could hold the key to lowering the cost of real estate transactions by streamlining processes and reducing intermediaries. Potential areas of application include purchasing, leasing, and property management.
Lower Real Estate Transaction Costs With Blockchain Technology
Advocates of decentralized ledger technology say it can streamline transaction processes, reduce fraud, eliminate middlemen, and cut costs.
The Globe and Mail
De Beers, the world’s largest diamond producer, is using blockchain technology in a pilot project to track diamond sales. Participants can view all transactions while identities and the value of sales are hidden. The goal is to reassure buyers that the gems they’re purchasing are both genuine and not conflict diamonds.
Diamond Trade Turns to Blockchain Technology