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Blockchain across Multiple Industries

 

The blockchain is undeniably a revolutionary technology. As an incontrovertible public record of data protected by a network of peer to peer contributors, entries made in the blockchain cannot be removed or edited. A very popular application on this platform is the cryptocurrency Bitcoin. Other applications are in banking and financial tech. But as it turns out, more industries can harness the technology. Here are different applications that made the headlines recently.

  • Education Certificates
    Sony Global Education developed a blockchain-based application that stores educational data, which has a potential to become a universal educational identification. Due to the blockchain’s immutable nature, educational institutions have also realized its potential to eliminate forgery in the certificates they issue. In fact, two schools have already issued blockchain-based certificates to their students – Holberton School and MIT Media Lab.
  • Distributed Cloud Storage
    Blockchain offers a way to store data on a peer-to-peer network. Unlike Dropbox, Amazon and Google Drive, the data is secured by multiple parties. It will be hashed and stored in multiple locations to secure it. Two startups have started exploring the idea already. Storj.io and Maidsafe released a beta version of a cloud platform.

  • Time-stamping and Decentralized Notary
    Digital time-stamping of documents are in trend now, but a trusted authority is still necessary. With the blockchain, data can be validated at a specific time and is provable in the court of law. How does it work? For instance, you have an original written piece of work. Simply have it in digital form, compress it in a hash and relay it as a transaction on the blockchain. The network will validate it and a timestamp will confirm you had it first.
  • Marketplace
    With a decentralized currency, decentralized markets aren’t far behind. They will directly connect buyers and sellers, omitting the need for a middle man. They do not involve government intervention, high commission and fees, and tight regulations on sellers. The interaction will be through a software and, of course, payment of trades will be in Bitcoin. The first OpenBazaar went live on April 3, 2016.

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Charlie Alsmiller

Throughout his career, Charlie Alsmiller has focused on customer problems in difficult industries such as Energy and Telecommunications. Prior to starting Appterra in 2005, Alsmiller was VP of Global Operations for Allegro Development, a leading provider of software for the energy sector. He has also served as president of OmniSpace Technologies, a leading SaaS provider that he founded in 1999. He spent over 10 years in the consulting world with Price Waterhouse and Deloitte Consulting, where he participated in a wide variety of projects for very high profile clients. Mr. Alsmiller holds a BBA from Baylor University in Management and Information Systems and a MBA from the University of Dallas in International Business. Specialties: Technology ventures, Enterprise Software, Contract Negotiation, International Operations, Private Equity, Product Management, Strategic Alliances, Software Implementation, Software Development

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