Blockchain Initiatives and Applications
Blockchain technology is used across a wide variety of industries and fields such as finance and banking, accounting, government, supply chain management, healthcare, the Internet of Things (IoT), the insurance industry, real estate, legal and contracts, and many more.
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The first application of blockchain technology was in the ____________ industry.
However, blockchain has a much wider scope. In the realm of application security, blockchain has been used to ____________ by IBM similarly to a distributed PKI system.
Europe has also begun a few initiatives in the space under its Horizon-2020 programme, specifically in the field of IoT security. In general, blockchain technology is exploited due to its ____________ which is especially useful in IoT security.
Under healthcare, blockchain has been used for ____________ as shown by the MIT-based MedRec initiative that utilises smart contracts on Ethereum.
Blockchain-based ____________ will lead to faster, more efficient, and more secure medical data management and drug & medical device tracking.
In the pretense of real estate, blockchain technology allows realtors to ____________, promoting the fractionalisation of ownership, increased liquidity, and democratised access to real estate investment opportunities.
Loyalty programs can benefit from blockchain technology by using smart contracts to streamline existing operations, provide new revenue models, and enhance fan engagement via ____________ loyalty programs.
Although a mature initiative, blockchain law also encompasses the idea of “Smart Corporations” which includes concepts such as Decentralised Autonomous Corporations (DAC) or Decentralised Autonomous Organisation (DAO) that leverage voting mechanisms on-blockchain for ____________.
In the corporate financial industry, numerous banks are looking to utilise blockchain technology as a means for attaining ____________, a characteristic that currently lacks from the corporate banking world.
Blockchain technology has also seen applications in the gaming industry, especially as a catalyst for ____________ gambling games.
