Ways to Implement Blockchain As A Service

Blockchain is an open source distributed ledger technology that is being used by several industries and businesses. The technology has made a major impact in almost every sector including finance, energy, healthcare and many more.

Blockchain is one of the most advanced and complex technologies that have come into existence. It was first developed by Satoshi Nakamoto in 

Since then, it has gained popularity and there are several applications that are based on blockchain.

In this blog, I will be sharing some of the most effective blockchain as a service implementations.

Healthcare:

Healthcare has always been a very complicated sector because of the involvement of third parties. There is a lot of risk involved and also it takes a lot of time to get the final reports. Nowadays, we can see how many companies like Facebook, Google and other companies are moving towards healthcare sector with their own platform.

Blockchain is not only a technology but it is also a solution to these problems. It is an open source distributed ledger technology which is very efficient in recording and verifying data. It makes the healthcare sector more transparent and trustworthy. The records are immutable and secure and this is the main reason why blockchain is being used in healthcare industry.

There is a company named Guardtime that is working on a blockchain based platform for healthcare. The platform will help doctors to keep track of the treatment records and share them with the patients. It will ensure that only the authorized people can access the records and it will also help doctors to give the patients more transparency.

Energy:

Energy sector has always been a challenging sector. There is a lot of energy loss during the transmission process and also there is a lot of risk involved in it. This is the reason why there are so many companies that are working on their own platforms for energy.

Blockchain is also being used in the energy sector for the same reasons. It is an open source distributed ledger technology that is very secure and efficient in recording transactions. It makes energy more transparent and reliable. Nowadays, we can see that blockchain is being implemented in almost every sector including energy.

There are several companies like IOTA and Ethereum that are working on blockchain based solutions for energy sector. IOTA is working on a solution named Tangle which will help to reduce transaction fees. There are also other companies like EnOpinion that is working on a smart contract solution for energy sector.

Finance:

Finance sector is always been considered as one of the most complicated and risky sectors. The main reason behind this is the involvement of third parties in the process of lending and borrowing money. There are several third parties involved in the process and also there is a lot of risk involved. This is the reason why finance industry has always been a challenging sector.

Blockchain is also being used in finance sector for the same reasons. It is an open source distributed ledger technology that is very efficient in recording and verifying transactions. It makes the finance sector more transparent and trustworthy. It has been observed that there are many companies like Ripple that are working on blockchain based solutions for finance sector.

Conclusion:

There are many companies working on blockchain based solutions for different sectors. The main reason behind this is to improve efficiency and make the work more transparent. If you are planning to implement blockchain as a service then you can start with any of these three solutions.

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