Alternative ways to use blockchain
technology
Bitcoin is the first and most well known application of blockchain technology. This digital (or crypto-) currency uses the blockchain to keep track of all transactions on the network. Nevertheless, the ways of using blockchain technology are much wider. The financial sector was one of the first which has noticed the benefits of blockchain technology, but it can be also used in other areas, such as media, government, travel, consumer and industrial products, retail, life sciences, healthcare, automobiles etc. According to some experts, blockchain is opening up new economic opportunities and it has a chance to make a revolution in the modern system of calculations.
بيتكوين هو التطبيق الأول والأكثر شهرة التكنولوجيا blockchain. تستخدم هذه العملة الرقمية (أو الخبيء؛ المختبئ) وblockchain لتتبع جميع المعاملات على الشبكة. ومع ذلك، فإن طرق استخدام التكنولوجيا blockchain هي أوسع من ذلك بكثير. كان القطاع المالي واحدة من أولى التي لاحظت فوائد تكنولوجيا blockchain، ولكن يمكن أن تستخدم أيضا في مجالات أخرى، مثل وسائل الإعلام، والحكومة، والسفر، والمنتجات الاستهلاكية والصناعية وتجارة التجزئة، وعلوم الحياة، والرعاية الصحية، والسيارات الخ وفقا لبعض الخبراء، blockchain يفتح فرصا اقتصادية جديدة ولها فرصة لإحداث ثورة في نظام حديث للحسابات.
?What is blockchain technology
Blockchain technology is a new way of storing data and verifying its integrity. It is public distributed ledger, comprised of unchangeable, digitally recorded data that is packed in blocks. Each block is cryptographically hashed, based on the previous block in the chain and contains data. This scheme allows to ensure that all data in the blockchain has not been tampered with and remains unchanged
تكنولوجيا Blockchain هو وسيلة جديدة لتخزين البيانات والتحقق من سلامتها. ومن دفتر الأستاذ العام وزعت، تتألف من البيانات غير قابلة للتغيير، وسجلت رقميا التي هي معبأة في كتل. تتم تجزئة كل كتلة بشكل مشفر، استنادا إلى كتلة السابق في السلسلة ويحتوي على بيانات. يسمح هذا النظام للتأكد من أن جميع البيانات في blockchain لم يتم التلاعب بها ولم يتغير.
The benefits of blockchain technology
As a public ledger system, it records and validates every transaction made. It makes blockchain secure and reliable.
Blockchain technology does not need any third-party or central authority for peer-to-peer transactions.
All the transactions made are authorized. It makes the transactions unchangeable and prevents it from the threat of hacking.
Decentralization. It allows to create vast, secure networks without a single point of failure. The opportunities of blockchain are so exciting that it is a question of “when”, not “if”, this technology will be used. Likely adoption timeline:
2015: Exploration and investment
2016-2017: Early adoption
2018-2024: Growth
2025: Full growth
Now, a lot of organizations are in an exploratory phase. They are
testing out the blockchain technology in their own labs and centers
testing out the blockchain technology in their own labs and centers
فوائد تكنولوجيا blockchain
كنظام دفتر الأستاذ العام، فإنه يسجل ويؤكد كل عملية شراء تتم. يجعل blockchain تأمين وموثوق بها.
تكنولوجيا Blockchain لا تحتاج إلى أي طرف ثالث أو سلطة مركزية للمعاملات الند للند.
وأذن جميع المعاملات المقدمة. فهو يجعل المعاملات غير قابلة للتغيير ويمنعها من خطر القرصنة.
اللامركزية. فإنه يسمح لخلق واسعة، شبكات آمنة دون نقطة واحدة من الفشل. فرص blockchain مثيرة بحيث يكون على سؤال "متى"، وليس "لو"، وسوف تستخدم هذه التكنولوجيا. من المرجح اعتماد الجدول الزمني:
2015: استكشاف واستثمار
2016-2017: اعتماد المبكر
2018-2024: النمو
2025: نمو كامل
الآن، والكثير من المنظمات هي في مرحلة استكشافية. فهي اختبار من التكنولوجيا blockchain في مختبراتهم الخاصة والمراكز
Blockchain Use Cases
Financial Sector. A lot of banks have started exploring blockchain technology to make payments faster, cheaper and more transparent.
Media. The blockchain could ensure protection of intellectual property for creative digital products like music and images.
Electronic voting. An increasing number of organizations and political parties are proposing the creation of a blockchain-based system to build fairer and more transparent voting environment.
Travels. Blockchain could significantly improve accounting for travel companies by tracking payments in multiple countries and currencies.
Healthcare. The blockchain technology can be used to store health care records. It will be easier for patients to share records with numerous providers while keeping control of the records.
Education. If educational institutions use the blockchain to keep documentation (diplomas, certificates, etc.), there will be less fraud in this area.
File storage. Networks based on blockchain technology will remove the need for centralised databases and big storage areas.
Knowledge sharing. Sharing information freely and on a distributed-basis between doctors, scientists and organizations from all over the world, would be a very interesting idea.
Smart contracts. You could use the decentralized network to confirm that a contract was executed properly, without revealing any confidential information about the parties or the transaction.
Identity Management. It allows users to create tamper-proof digital identities with the goal of increasing security.
Public sector. Distributed ledger technologies have the potential to improve governments’ activities. It can help to issue passports, collect taxes, document land registries, births and deaths and ensure the integrity of all government records and services.
Car sales. Let’s imagine the following situation. Person A purchases a car from a dealer. That car is represented in the blockchain, allowing the purchaser to view the car’s history in the public ledger. Person B purchases the car from Person A and learns the car was in an accident by reviewing the car’s history in the blockchain. Person C purchases the car from Person B and learns the car was serviced regularly and there was an accident by reviewing the car’s history in the blockchain. Person D purchases the car from Person C and reviews the car’s history in the blockchain to learn about the accident, service history, and recent work that was done on the car.
And this is not all options of possibilities to use distributed registry technology. Interest in blockchain has been coming in from everywhere, because it is one of the most exciting developments in recent times. The blockchain as a technology will fundamentally change how data is managed and organised. It can be used in those areas where trust, privacy, security and record keeping are the most important things.
