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Blockchain for non-DeFi products - abdenet

 Blockchain for non-Defi products

Blockchain for non-DeFi products

Blockchain technology appeared on the market in 2009 within the style of the primary cryptocurrency, bitcoin, and since then has nearly fully developed in the form of numerous sorts of Defi solutions. although localized platforms supported a distributed ledger have existed for twelve years, solely recently merchandise based on them have begun to seem in alternative areas, as well as trade, information storage, logistics, games, medicine, etcetera Our article is dedicated to such non-financial blockchain-based applications, however, they take issue from the standard centralized solutions, and also the edges they'll wake users.

What's blockchain today?

There are fifth-generation platforms on the market now, for example, Relictum PRO. The developers managed to unravel many issues typical for systems supported a distributed ledger, as well as accrued power consumption, low bandwidth, complicated interface, problems with scale, the requirement to shop for powerful machines for mining, etcetera of these, are the items of the past. At a similar time, the utilization of good contracts and distributed applications created its potential to considerably expand the practicality and introduce merchandise for the $64000 sector of the economy. What are these products? Let's take a look.

A brief review of blockchain-based merchandise

As an example, we can contemplate the products of the already mentioned Relictum professional platform:

Distributed information storage. The files aren't kept on one server, because it is typically done on storage devices of many users in an encrypted and divided form. This arrangement permits you to urge super protected and secured storage at the bottom cost.

Secret chat. The impossibility of obstruction and proscribing access to the system, and complete namelessness and confidentiality, create its potential to state that chat-supported a localized platform is the very best resolution in terms of security.

NFT marketplace. the power to prepare all stages of NFT token commercialism on one platform, as well as the creation of the token itself and its storage, the organization of the transfer of possession rights, and everyone this in an automatic mode makes this product indispensable for all parties, each consumer and sellers.

Lottery and casino. one hundred pc transparency and honesty of the drawing method (thanks to the distributed ledger), ease and speed of withdrawal of funds, and also the ability to earn bonuses from invited friends – these options distinguish localized gambling from any centralized online game.

additionally, to the systems represented above, there also are solutions on the market for:

Logistics. one blockchain will utterly describe the movement of products on supplying routes with the power to instantly track the position and defend against counterfeiting/fraud.

Medicine. Transferring a patient's record to a decentralized storage facility can offer the subsequent advantages: reliable protection of non-public data, the ability to access them at any time from anywhere, and protection from loss or accidental damage. A patient can use his "single card" with no issues in any institution, anyplace around the world.

pick process. The power to mix identification systems and also the transparency of the voting process with complete namelessness is a perfect combination for an internet voting system, and this has already been evidenced by the expertise of some countries, for example, Estonia.

Accounting for land resources. Land plots, like every alternative product, are bought and sold, and the use of a distributed ledger can create the method of registering and transferring property rights simple, fast, reliable, and guarded against fraud.

Development prospects

The applying examples represented on top of are off from a whole list of potential applications of blockchain technology. If we tend to take into consideration the benefits of a distributed system, as well as reliable protection, confidentiality, speed, and uninterrupted access, the power to implement everything during a} single platform, alongside a payment system with a minimum commission of 0% (like within the Relictum professional ecosystem), we can say that very shortly blockchain solutions will become real competitors for typical centralized solutions on a worldwide scale.