According to The World Bank, an estimated 1.7 billion adults don’t have bank accounts or any means of storing their money or wealth. Using blockchain on this way would make votes nearly impossible to tamper with. The blockchain protocol would also keep transparency within the electoral course of, reducing the personnel needed to conduct an election and offering officials with practically immediate results. This would remove the need for recounts or any actual concern that fraud would possibly threaten the election. As reported by Forbes, the food industry is more and more adopting the usage of blockchain to trace the path and safety of food throughout the farm-to-user journey. [newline]In this surroundings, it’s impossible to pretend that a transaction occurred if it did not.
Using sensible contracts on a blockchain can provide greater transparency for customers and insurance coverage providers. Recording all claims on a blockchain would hold customers from making duplicate claims for a similar occasion. Furthermore, using sensible contracts can pace up the process for claimants to receive payments.