Blockchain– The Tech Celebrity of the 21st century had its full-blown publicity with the emergence of Bitcoin. And with Bitcoin gaining popularity, Blockchain App Development has become the talk of the moment in the Mobile Apps Space.
Be it News or Social Platforms.
The Trending Topic of Blockchain has managed to create a buzz in every dimension including Mobile App Development.
But the mighty Blockchain is not all about Bitcoin.
It didn’t take long for Leading Tech Companies in the Software domain to realize the scope of Blockchain beyond cryptocurrencies.
And they are embracing this opportunity with open arms to boost up both their existing as well as new businesses.
Even Startups based on Blockchain are drawing in massive Funds and Investments.
With IOTs gaining Popularity and making our Lives easier, we are advancing into an automated world.
But not without leaving Blockchain Behind.
Many Entrepreneurs are looking into creating Blockchain integrated IOT Mobile Apps that will add value to their user’s lives.
Supply Chain Management
Supply Chain Management refers to the planning and management of the flow of a product.
Starting right from the phases of acquiring the raw materials to its distribution to the final customer.
It involves real-time supervision of all the activities to maximize Customer satisfaction and gain a competitive edge.
A business that relies on the movement of Products and goods from one point to the other can crumble down from a single failure at any aspect of the whole Process Chain.
A lot of Apps have already been established to make this process flow smoothly and keep the merchants updated with real-time information about their product’s whereabouts.
How can Blockchain Upgrade such Apps and the overall Supply Chain Management process?
Adopting Blockchain based Supply Chain Management has the following advantages:
Increase Data Visibility: One of the most awe-mazing benefits of Blockchain is Data Transparency.
All the users connected to the Blockchain Network can assess and see all the happenings in the Supply Chain.
Increased Data visibility has the following benefits:
Companies can easily share updates with manufacturers, suppliers, and vendors.
Increased visibility can help to reduce disputes and delays.
It will also lead to less percentage of products being misplaced or tempered with.
Scalability: By scalability, I mean that huge folds of Data can be accessed by a large number of people from anywhere in the world.
Increased Security: The data that is stored in the Blockchain Network cannot be altered or hacked in.
Some other advantages of integrating Blockchain with Supply Chain Management Apps are:
Increased Trust between Customers and Providers
Faster Issue Resolving
Increased Processing Speed due to the elimination of Paperwork
With such amazing benefits, deciding to create a Blockchain app is not a bad idea. Right?
Cloud Storage or Data Storage
Many entrepreneurs and startups are inclining towards exploring the field of Cloud Computing.
The present conventional Cloud storage services such as:
Amazon Web services
Dropbox and so on
Are based upon a centralized Network and hence comes with its Limitations.
But the future of Cloud Computing is Blockchain based Decentralized Network.
And some startup companies such as Stroj and Sia have already adopted Blockchain to provide their users with secured, affordable and fast cloud storage.
The Start up “Sia” has also launched its own mobile App.
What happens when Blockchain meets Cloud Storage?
More Privacy and Security:
In a decentralized network, your data is not controlled by a Third Party. Instead, fragments of your files are distributed among various nodes in the system.
These files are encrypted with a private key meaning that it is impossible for the nodes to look at your data.
Blockchain-based Cloud Storage costs much lower than the centralized ones.
Currently, Decentralized Cloud Computing costs $2 per terabyte/month which I must remind you is much lower than Amazon S3’s.
No Data Loss:
Decentralized Cloud Storage prevents File loss through repetition of Data.
No Central authority means no wastage of time in accessing and seeking Permissions from a Third Party.
One of the outstanding use cases of Blockchain Cloud Storage is Medical Record Management.
A person’s Health record is one of his most sensitive personal information.
Think about it.
Would you like it if information about your health conditions were to get disclosed?
And with an increase in patients dropping by the Hospitals,
It is becoming progressively difficult to provide a secure and safe space for Recording and Managing Patient’s Medical Data.
A Blockchain Ledger will not only provide a space for recording tons of Medical Information but will also guarantee the security of that Data.
In addition to that;
Your Doctor and your Health Insurance Provider can easily access your medical information after getting your Permission to do so.
This will lead to a steep decline in the rate of incorrect treatments by Medical Professionals since every single information about your Health, Your Family History, Your treatments, etc. will be recorded in the Blockchain.
Many entrepreneurs are involved with Startups that provide platforms to manage Electronic Medical Data.
Two such platforms are:
The MyClinic App is available in the Apple App store.
This App will Facilitate Secure Cross border consultation with their Doctors by utilizing MedicalChain’s Blockchain technology.