How has the blockchain technology affected lives?

in LeoFinance2 years ago

Just like hive, the modern day blockchain technology has the ability to completely revolutionize our lives. Among the most stable and trustworthy technical advancements to date, which expands in strength when combined with Artificial Intelligence, Machine Learning, and Big Data.
I'd like to discuss with you some major areas of everyday life in Ghana and throughout the globe that will eventually make it easier for end users and service providers to embrace blockchain technology.

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  1. Hospitals: Patients' medical files can be made available to any division, be it diagnostic research, treatment, knowing patients' health information, supplying privacy of the user, tracing drug usage according to prescriptions, and thus making the demand and supply requirements of medications available to distributors and pharmaceutical manufacturers. The blockchain technology has the capabilities to ensure that this is completely realized.
  1. Manufacturing firm: Nearly every single manufacturing business goes through several intermediaries and procedures to ensure that their goods reach the ultimate client without incident. Blockchain technology guarantees the availability of tailored data relating to consumer necessities, weather patterns, finished product certification, and other factors.

  2. Banking firms: It goes without saying that the entire banking systems may use this technology to minimize the chances of impairment loss and fraud while also improving transparency.

  3. Digital Identification: Establishing a sales and business reputation helps to link the end consumer to the supplier with no disruptions or extra costs.

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images source: google search

With these and many more applications, blockchain technology will have a significant influence on the lives of many individuals and society as a whole. I want to see Ghana and other African nations connected through the blockchain in the future to make payment and internet activities more beneficial with the hive blockchain.

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With all these utilized well with the blockchain, lives will be awesome. But l trust most of the advanced countries are helping to ensure that this is done to improve lives. Thanks for sharing bro.

Thanks for passing through bro @mcsamm