Blockchain is the most promising, disruptive and emerging technology of the future and it is a platform which uses cryptography as its base technology. It provides a way to transfer data that is transparent, safe, auditable and is resistant to outages. Blockchain is a distributed ledger technology and has the capability to make data and information transparent, democratic, decentralised, efficient and secure. It has the potential to transform the four pillars of society: finance, communication, law, and production.
Blockchain is likely to bring technological disruption in many industries in the coming five to ten years. Activator Consulting has a team of Blockchain developers who are capable in helping the below industries in bringing the technological transformation in their current or future in-house applications or processes.
The future of Blockchain is expected to do the same thing to the banking and financial institutions what internet did to media. By using Blockchain applications, access to banking and financial services will be available to billions of people around the world who are currently not privy to the banking facilities and thus Blockchain will be banking the un-banked specially in third world countries. Bitcoin allows anyone to send money across borders almost instantly and with relatively low fees.
Many banks have started working on adopting Blockchain technology to make their business operations faster, more efficient and secure. At Activator Consulting, we help banks and financial institutions in deriving their strategy to use Blockchain in creating applications to reach out to masses and increase their investment and assets against deposits.
Although, Blockchain is a public and distributed ledger technology and the data is verified and encrypted using advanced cryptography. This way the data is less prone to being hacked or changed without authorization. Similarly, if this technology is used by organisations internally with the purpose of securing the data and information from cyber attack, there will be less chances for data and information to get hacked. At Activator consulting, we are helping our clients in creating applications which are less prone to cyber attacks and also transforming the existing applications on blockchain platforms for the safety of data, business secrets and proprietary information.
With Blockchain technology, transactions are documented in a permanent decentralised record and monitored securely and transparently. This can greatly reduce time delays and human mistakes. It can also be used to monitor costs, labour, and even waste and emissions at every point of the supply chain. Activator Consulting will help its clients in building a supply chain management application to control inventory movement and its incidental waste and emission cost.
The powerful cryptographic technology platform behind Blockchain is enabling to change the entire approach towards research, consulting, analysis and forecasting. It helps to develop platforms to create global decentralised prediction markets which can be used to place and predict with reasonable accuracy from sports to stocks to government elections in a decentralised way. Activator Consulting possess relevant skills and capability in developing a forecasting application which will help its clients and specially those whose business model is highly dependent on market predictions and wanted to take only calculated risk while forecasting on market conditions.
The global insurance market is based on trust management. Blockchain is a new way of managing trust and can be used to verify many types of data in insurance contracts, such as the insured person’s identity and will be helpful in transferring the data of an insured person from one insurance company to another. At Activator Consulting, our team endevours to help our insurance clients to develop an application where data of individuals using insurance policies can be easily transferrable from one insurance company to another just like switching of mobile number from one operator to another.
The blockchain can be used to create decentralised versions of peer-to-peer ride sharing apps, allowing both car owners and users to arrange terms and conditions in a secure way without third-party providers. The use of built-in e-wallets can allow car owners to automatically pay for parking, highway tolls, and electricity top-ups for their vehicle. At Activator Consulting, we help our clients build such an application on blockchain platform.
Data on a centralised server is inherently vulnerable to hacking, data loss, or human error. Using blockchain technology allows cloud storage to be more secure and robust against attacks. At Activator Consulting, we help our clients build a cloud storage network using the Blockchain technology.
Common complaints in the charity space include inefficiency and corruption, which prevent money from reaching those that are meant to have it. Using Blockchain technology to track donations will let you be sure that the money is going to end up in the right hands. At Activator Consulting, we will use blockchain’s secure and transparent distributed ledger to create an application which will let donors know that the intended party has received the funds.
One of the most important areas of society that the Blockchain will disrupt is voting. Blockchain technology is being used for voter registration and identity verification, and electronic vote counting to ensure that only legitimate votes are counted, and no votes are changed or removed. Creating an immutable, publicly-viewable ledger of recorded votes would be a massive step toward making elections more fair and democratic. We help our clients in building such an application using Blockchain technology.
Government systems are often slow, opaque, and prone to corruption. Implementing Blockchain-based systems can significantly reduce bureaucracy and increase security, efficiency, and transparency of government operations. Many countries are aiming to put all its government documents on the Blockchain Technology. At Activator Consulting, we will help Governments to build such an application which will make all documents electronically safe, secure and efficient.
Another industry that relies on many legacy systems and is ripe for disruption is healthcare. One of the challenges hospitals face is the lack of a secure platform to store and share data, and they are often victims of hacking because of outdated infrastructure. Blockchain technology can allow hospitals to safely store data like medical records and share it with authorized professionals or patients. This can improve data security and can even help with accuracy and speed of diagnosis. We at Activator Consulting will help our clients in building such an application which will keep patients record safe and secure.
Blockchain Technology is helping musicians to get paid directly from their fans, without giving up large percentages of sales to platforms or record companies. Smart contracts can also be used to automatically solve licensing issues, and better catalogue songs with their respective creators. We at Activator Consulting will help build applications that will protect interest of musicians.
When you shop, your trust of the retail system is tied to the trust of the store or marketplace. Decentralised Blockchain-based retail utilities work differently: they connect buyers and sellers without a middleman and associated fees. In these cases, trust comes from smart contract systems, the security of exchanges, and built-in reputation management systems. We at Activator Consulting will help build an application which will protect interest of retailers.
Some of the issues in buying and selling real estate are bureaucracy, lack of transparency, fraud, and mistakes in public records. Using Blockchain technology can speed up transactions by reducing the need for paper-based record keeping. It can also help with tracking, verifying ownership, ensuring accuracy of documents, and transferring property deeds. We at Activator Consulting will help our clients in Real Estate build such an application to track, verify and ensure accuracy of ownership documents.
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