Blockchain Application Development Beyond Cryptocurrencies It has now become significant that blockchain has moved from the esoteric underpinning of Bitcoin and mutated into a much hyped-up technology that businesses from various industry verticals believe could have a transformational impact on their overall business models.SMEs are now exploring technology and heavily investing in Blockchain applications.
As a matter of fact, in PwCs 2018 global blockchain survey, it was found that 84% of the 600 executives from 15 territories accepted that their organizations are, one or another way, involved with blockchain technology.Blockchain App Development Services by Oodles BlockchainUndoubtedly, an ingenious invention in the technological landscape, blockchain technology has gone beyond its use in cryptocurrency development.However, invented to power the world’s first digital currency Bitcoin initially, all of a sudden it has taken the world by storm.Now, it’s being considered as the future of online interactions.Explore how we leverage the power of the relatively new technology to bring significant transformations in the way the world and we operate.We haveAn excellent team of blockchain app developers who are highly skilled in blockchain programming languagesExpertise to deliver blockchain app development services.Strong Technology competency and expertise3+ years of work experience in creating applications based on the blockchain technologyThorough transparency100% Quality assuranceCost-effective developmentAn offshore development company offering its services globallyYou can directly connect with any of our blockchain developers here in case of any skepticism.So, let’s begin with knowing applications of blockchain that are open to development, such as food safety or sharing healthcare data.Applications of Blockchain in Intellectual property rights managementWriters, artists, musicians, inventors, designers, etc., could make use of blockchain technology to protect their intellectual property by having an immutable, time-stamped recording and track of their work with Ethereum Blockchain or other suitable blockchain platform development and smart contracts services.Use Case)DLTs (Distributed Ledger Technology) for IP managementSecurity is enhanced, as a hacker, you would need to attack (almost) all nodes simultaneously, which is quite complex.In most countries, the right of an invention belongs to the first person filing a patent application (first-to-file method).
It means the date of the application is extremely important.In this scenario, blockchain’s ability to create an immutable record of the creation is quite appealing.After each successful transaction, the chain gets updated.
So, the users in the network can see the activities of that transaction chronologically.
Essentially, creating a chain of custody for each IP request.If you have a similar idea related to that, we can help become it a reality.
Consult now!Applications of Blockchain in Healthcare DataBlockchain offers a secure, distributed platform (database) for healthcare data sharing that can accelerate innovation throughout the healthcare industry.Use Cases)Supply ChainsBlockchain based healthcare supply chain system can screen and track items alongside following the stream of items.Certain biologics, for instance, need to be kept at an exact temperature.
