Voting in Elections Your right to vote is one of the most basic yet important rights guaranteed to you and protected by the Constitution. Blockchain can help authenticate voter identity, record and track the votes cast, and count the votes to determine the winner. If each vote cast is considered a unique transaction and recorded such that votes can’t be illegally added or removed /modified, foul play can be completely eliminated and recounting of votes might not be required at all, saving so much time and tax payers’ money. Leasing and Sales of Vehicles Blockchain is set to make your experience of buying, selling and leasing of vehicles seamless and hassle-free. Simply choose the car that you want to lease. This information is recorded on the blockchain. You can then sign a lease agreement and insurance policy on the go (online) and the blockchain will reflect this updated information. With proper implementation, the day is not too far away when this facility can be extended to sales and registration of vehicles. Apart from these sectors, blockchain can be used in the banking sector as a secure means of sharing and storing up-to-date information. It can be used in Internet of Things to securely transmit data related to critical infrastructure like power and transportation. From making ride-sharing more lucrative to professional drivers, improving internet advertising, simplifying verification of educational credentials, providing extra secure yet decentralized cloud storage (less chance of hacking), ensuring revenue from licensing agreements to music artists to better data sharing in the healthcare sector improving the accuracy of diagnoses, to enhancing effectiveness of supply chain management by reducing paper work, to improving the provision of public services by the Government (by maintaining public records), the applications of blockchain are multiple. Each of them warrants a separate post to elaborate how they can harness the benefits. To sum up, irrespective of the sector to which it is applied, blockchain requires proper implementation and incentivization of each of the nodes to be successful.
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