#nativecoin cryptocurrency

 You might be wondering how this affects the common man, given all the news about cryptocurrency prices. Blockchain technology is at the core of cryptocurrency and all other digital currencies.

 Technology can solve many administrative and industrial problems. Are you a small-business owner who feels that transparency is lacking due to traditional communication methods? Are you familiar with high medical bills? Is it difficult for business owners to find legitimate candidates? These issues affect entrepreneurs, small businesses, individuals, and startups. Blockchain technology seeks to solve these problems by simplifying the lives of common people.

 Banking

 Nearly all banks in the world still rely on paper-intensive transactions to transfer money, keep track of records and perform other back-end functions. This can be replicated digitally using blockchain technology, which creates a decentralized ledger which allows both bankers and customers to access one source of information. Banks can eliminate the risk of fraud by using this system. The Blockchain ledger allows bankers to digitally verify ownership and provide documentation. This can be accessed in any format that is unalterable.

 The banking industry is facing a serious problem with identity theft. Citizens' personal information can be stolen and used to open fraudulent accounts for criminal activities. The Federal Trade Commission's online complaint database shows that there have been more than 13 million complaints about card fraud and identity theft, with 3 million of these cases being filed in 2016. Customers can view all accounts under their name online and notify their banks immediately if they notice suspicious activity. Examples include the IBM-backed Hyperledger Fabric and UBS' Utility Settlement Coin.

 Healthcare

 Blockchain technology can simplify healthcare in amazing ways. It also makes medical data management easier. It makes it easier to conduct research on drug development and reduces the risk of counterfeit drugs by making patient records easily accessible. The results of clinical trials can be made easily available through a network that allows healthcare professionals and researchers to do research and find better healthcare solutions. Accenture is one the largest companies to offer innovative healthcare solutions in the medical care sector.

 Blockchain billing management can also help reduce Medicare frauds. The billing system is fully automated and there are no intermediaries that could commit fraudulent activities. Over $1.3 billion was stolen from the government by fraudulent rehabilitation facilities and home care services, which has more than 56 million Medicare beneficiaries. Blockchain systems can be used to protect citizens who need medical assistance from healthcare providers who overcharge for fraudulent billing practices. Not only does the centralized data allow medical professionals to offer treatment based upon the history of the patient, but it also eliminates the possibility of patients incorrectly recalling past symptoms and disorders.

 Public Records

 Recording all information about citizens is one of the most important functions of a government's civic administration. This includes information regarding individuals and businesses, as well as their assets and activities. The majority of recorded information is stored in paper databases. This makes data management difficult, even in developed countries.

 Ubitiquity, a blockchain-based system, can encode all public records into a digital ledger. This prevents citizens' data from being altered to support fraudulent activities. It can be difficult for administrators to address identity theft. Digitizing all public information can make it tamperproof and help to prevent criminal activity.

 Voting

 The biggest problem with the voting system in nearly every country is the requirement that voters physically attend the polling booths in order to vote. This can be problematic for those who have to travel to the polling stations on election day. Even more important, the average citizen has no way to verify the results of the polls.

 Followmyvote and other blockchain development companies are developing solutions to enable online voting. This will enable citizens to see accurate information about poll standings, results, and other statistics publically. It makes it safer to vote for citizens in countries that are involved in conflict or internal. Criminal activities that attempt to force citizens to vote for certain candidates can also be avoided.

 Businesses Hiring

 All businesses have difficulty finding the right employees. Businesses can verify the credentials of applicants using blockchain technology. The use of blockchain technology allows for the creation of a decentralized database that contains verified qualifications. This secure ledger can be used by businesses to refer to when hiring employees. Learning Machine, a New York-based company, aims to solve this problem by recording verifiable information about workers.

 34% of identity theft is related to tax or employment frauds. A blockchain system can make the hiring process more secure for businesses as it allows them to only access valid candidates, which reduces the chance of fraudulent employees being hired. It helps applicants by expediting the hiring process, helping them find eligible jobs and facilitating a smooth application process.