Through the possible identification and verification of their own customers, it is thus possible to actively prevent money laundering.Audit and Regulatory ComplianceBy the secure and, above all, unmanipulatable nature of Blockchain, it is a useful tool to handle accounting. September 2018 Calendar Printable there is no possibility for errors, the integrity of the data and the traceability is given. Also special is the immutability of the technology. Once a transaction has been made, it can not be changed, not even by the people who created those entries.
September 2018 Calendar Printable
Disadvantage of this use is of course that jobs like auditors can become superfluous. InsuranceBlockchain and Smart Contracts are a big application example for insurers. Contracts and the settlement of claims can be regulated transparently. All contracts and all claims for damages would be managed by the network and filter out wrong claims for damages. For example, it would no longer be possible for a client to claim multiple damages in the same case.
Blockchain Business ApplicationsReal estateThe average person sells a property up to 12 times in their lifetime. However, these large and expensive transactions can entail many risks and require very complex contracts to minimize these risks. The blockchain technology would make it possible to stop fraudsters and also simplify sales transactions. Through encryption and verification, all contracts, smart contracts, would be more transparent and would only be executed if the property and purchase price are available.
Artists, Media & Advertising Especially for musicians, writers and other artists, Blockchain could be very helpful. Pirated copies and the speed of Internet distribution make it harder and harder to earn money there. With the help of Blockchain technology, the content created could be distributed and paid for as soon as it is used. The advertising industry could thus easily offer advertisements and handle them via the block chain. Supply Chain Management Blockchain can play a major role in the future, especially for the supply chain.
Simple contracts and continuous tracking of goods are thus greatly simplified. September 2018 Calendar Printable Thus, goods in containers can be easily transferred to different parties, split up or redistributed. There are already companies that use and develop this technology to simplify the supply chain and save large administrative costs on international shipments. (Examples are Faktom, Sukochain) Discover Counterfeits Because the data in a blockchain can not be changed, it can also be used to track individual products. For example, products or even medicines can be provided with a code.
Printable September 2018 Calendar Latest PDF Download
With this, the entire history of the product could be retrieved and, for example, you can uncover dangerous counterfeit medicines before you take these potentially dangerous drugs. MobilityBy the ability to share information and make property available to someone for a certain amount of time, Blockchain would also make our mobility change a lot.
So it would be possible to use a car to pay for it directly and you could solve problems such as electric mobility through the use of intelligent contracts through the blockchain. Thus, the cost, ownership and use of everything could be distributed on the blockchain. Healthcare Because the blockchain can be set up so that only certain people have access to the data and yet you can use the worldwide network to store the data It is perfect for storing sensitive data.
Thus, patient records, disease histories, reports and much more can be stored in the blockchain and only then unlocked for someone, if he is allowed to get this information. Currently, individual databases are created, so-called silos, which are mutually shielded and only forwarded on special request. This leads to inconsistent data and can also lead to problems in the treatment. Also, for example, it would be possible to connect special devices with his own patient profile and so an interactive medical record toocreate. For example, blood glucose monitoring and insulin pump readings could be automatically reconciled with the file and adjusted by the physician as needed.
Energy Specially in the complicated energy market, the transparency and traceability of Blockchain technology could make great progress For example, private solar energy September 2018 Calendar Printable would be easier to bill, energy tracking will be easier, asset management easier, and certificates of origin easier to obtain. This good regulation and transparent tracking should have a major influence on a successful change, especially in the energy transition.