Exploring non-financial use cases of blockchain

By using cases from changing the modern currency to trace the origins of the wine, Blockchain is an open field for exploration. Discussion on Blockchain most often centered on the financial implications, with a common focus on the scramble to compete with disruptive force of Bitcoin and cryptocurrency world.

According to IBM, with 15% of financial institutions using the technology Blockchain - and hope for it to increase by 66% by 2020 - it is hard to ignore the impact of the Bitcoin bubble in December had our discussion of technology, innovation, and the future. Everyone wants to know how to become a millionaire Bitcoin, but there is a wider spectrum of applications for this technology. Armed with an understanding of how Blockchain work, entrepreneurs find new ways to put technology to work: from action against electoral fraud, to create the in-game market for cosmetic products in video games

For Jeremy Clark, an assistant professor at Concordia University, the key to moving past the financial focus, scalability. For both Blockchain cryptocurrency and technology in general, there is a gap between the potential and practice. As he noted, although many in the tech community to understand - and may even have a stake in - Bitcoin, it has not replaced FIAT currency as we know it. The focus, as Clark saw it, should get Blockchain technology into the hands of as many developers as possible, to create solutions that can reach across industries and bring blockchain into the mainstream.

Mantle Technologies Inc. hopes to resolve this in the B2B space through the deployment of virtualization Blockchains, which allows companies to establish proof of concept in Blockchain, faster and cheaper than ever before. Mantle vision, as described by co-founder Pascal Leblanc, is to accelerate the adoption of Blockchain. By looking at the use of non-financial, they are investigating how the technology can not only change the way we store data but changed our perception about the data itself.

Blockchain will allow access to new insights and a new understanding of what is right, what is permanent and what is legal. But decentralization and deregulation present new challenges, in which developers find it difficult to work together, or even find a structure at all. To fully decentralized, a non-hierarchical system to function, all stakeholders should participate in every decision - interesting conceptual framework, but challenging in practice. As Jeremy pointed out, with Bitcoin, there is no charge, and there is no hierarchy to make a decision, "the need for decentralized governance structures as well."

To operate in a decentralized world, we must be prepared to go beyond what is comfortable and to know as much as we can.

decentralization of knowledge is the key to the spirit Blockchain. As Vincent Gauthier Catallaxy record, the evolution of Bitcoin is the innovation of open source, initially driven by the anonymous creator (s) and then taken over by the Bitcoin community. Creation came "out of nowhere," Vincent suggested, implying a lack of association for any company or university. While the use of certain cases may require a private network, a culture of innovation remains open-source technology, the inventor community work around it. In the end, the power interrupt Blockchain proposed to have the power to rework how we think about governance and new ideas. Vincent describes as "open innovation," and it is a trend which he believes will last.

For Blockchain fans, the most important thing is to get information - and then, involved. Innovative community around the world fascinated by Blockchain and innovative nature, and all it takes is a single idea to trigger the next big wave. In District 3, startups and students alike Blockchain working on solutions to common problems, and seek to understand more about the disruptive technology. Participants in the Residency Program in District 3 working directly with Mantle to imagine new use cases for Blockchain.

At Concordia, Jeremy looks to educate others on Blockchain, while probing questions itself on the technology and its potential applications in the voting process. And Mantle continues to push for the adoption Blockchain, provide structure, governance, and accessibility to companies looking for a solution Blockchain. Vincent works with Blockchain Montreal and Catallaxy has created a community of innovators in this city, and their events, workshops, and activities seek to strengthen their position in the global ecosystem.

Conclusion:

The non-financial Blockchain technology that supports external applications currency transfer and interdisciplinary approaches in research blanket blockchain.

We are now in a joint economic area where Uber, Airbnb, etc. do work that is really great but still, the data hosted on their service and everything went over them so that the same as a bank for the transaction.

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