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Saturday, December 31, 2011

2011 is being used for beginners notes on non-financial blockchains

eg 10 companies app areas but are any of them on huge scale?

Blockchain technologies can offer individuals a completely new and accurate way of storing their medical data. No state agency or private organization will be needed anymore to do the paperwork. Just imagine, all the information you need, you can get at home or from any other computer.
Patientory, a recently launched free-to-use app, is an example of Blockchain’s influence in this area. Users can create a profile in the app and keep track of their medical history. The app eliminates the chance of having this data suffer any kind of cyber attack. All the changes in the records can be seen online.
As a Blockchain-based application, Patientory employs their own cryptocurrency PTOY to provide some extra options for both doctors and patients. Doctors get private health information through the infrastructure on the Ethereum Blockchain. The patients will be allowed to buy extra storage space in the app for their info.
During its crowdsale on May 31, 2017, the company raised $7.2 mln. Patientory plans to become a “market network” so it’s important for them to distribute their cryptocurrency across a wide audience.

Nick Williamson, the CEO of Credits, a London-based Blockchain infrastructure provider, also reports that a larger percentage of use-cases involving Blockchain will be non-financial. That’s why the British government started examining if Blockchain could be helpful in tracking and distributing welfare and pension payments.
The Five Star Movement, the biggest Italian opposition group, also maintains this idea as it wants Blockchain to be used to upgrade and put public services in order. Step by step, it becomes clear that governments are opening up to new technologies. They even fund some specific projects in order to speed up the process of change.


Data management

Factom is one of the most notable blockchain companies applying distributed ledger to the non-financial market — in this case, data management. The company uses blockchain-based identity ledgers in database management and data analytics to support various applications. Businesses and governments can use Factom to simplify records management, record business processes and address security and compliance issues. Factom maintains a permanent, time-stamped record of data in the blockchain that allows companies to reduce the cost and complexity of conducting audits, managing records, and complying with government regulations.


The diamond industry is one of the biggest natural resource industries and makes a substantial part of the GDP in African countries and other major diamond-miners. The hallmark of the industry is that it is highly criminalized. Stones are small and easy to hide and transport. The best part for criminals is that transactions can be made confidentially and the sell returns the value over years. Diamonds are known to be involved in money laundering and financing of terrorism on a truly massive scale around the world.
Due to a range of challenges with diamonds business, one of the tech pioneers in the sphere is Everledger. The company provides an immutable ledger for diamond identification and transaction verification for various stakeholders, from insurance companies to claimants and law enforcement agencies. Everledger assigns a “digital passport” to each diamond that will accompany each stone as it is transacted and creates a unique fingerprint.

Digital identity, identification & authentication

With this use case, blockchain is not necessarily restricted to funds transaction, DLT can be used for the storage of all types of data and transactions in a secure and open way. Moreover, creating an identity on blockchain can give individuals greater control over who has their personal information and how they access it.
By combining the decentralized blockchain principle with identity verification, a digital ID can be created that would act as a digital watermark which can be assigned to every online transaction of any asset.
Other examples include, but are not limited to:
Civic is a blockchain based identity management platform that allows users to register and validate their personal identity information and lock their identity in order to prevent identity theft and fraudulent activity on their credit reports. Civic aims to tackle the problem of consumer identity theft and reducing online identity fraud.
UniquID Wallet provides secure identity management, integrated with fingerprint and other biometry on personal devices. Ready to be deployed on custom hardware, servers, personal computers or smartphones and tablets, UniquID Wallet runs also on battery and low-powered devices, providing integrity and interoperability at the edge of one’s infrastructure.
Identifi links all personal profiles and identifiers to form a trusted identity.
Evernym is global, fully open-source, attribute-based, self-sovereign identity graph network built on an advanced, dedicated, privacy-enhancing, public permissioned distributed ledger.


Energy Blockchain Labs claims to be the only company in the world that is dedicated to the entire value chain in the energy industry. Founded in May 2016 by three founders with a complex background in the energy, financial and information industries, the lab is working on the energy revolution and is working with partners to develop a range of energy-based Internet technologies based on blockchain technology, covering energy production, consumption, trading, management and other links.
John Engates, Chief Evangelist, Rackspace: Blockchain will move beyond cryptocurrency.
“One of my favorite examples of a non-financial blockchain use comes from Provenance, a UK-based software company, which successfully piloted the use of blockchain and smart tagging to track tuna from catch to consumer, allowing for verifiable social sustainability claims, among other benefits.

Peter Loop, Associate Vice President and Senior Principal Technology Architect, Infosys:
  • "
  • "Blockchain will drive digital transformation of the enterprise specifically with automation, digitization of processes, tokenization of physical assets and activities and codification of complex contracts."
  • "The insurance sector will emerge as a hot area for blockchain technologies. Claims processing and complex multi-party processes like subrogation will show the business value of blockchain based automation."
  • "With major breaches such as Equifax (the credit rating system) proving that you cannot safeguard current identity data systems, the need for a more secure blockchain based identity approach, where no one holds all the keys, will emerge."

Rohit Adlakha, VP of Wipro HOLMESEnterprises will start investing in blockchain.
“The next application of blockchain will be hyperledgers:  Blockchain’s ability to force transparency and security across every transaction will radically alter any industry that requires a transfer of assets or information based on trust, while reducing friction and costs. In 2018, one of biggest use cases for blockchain will be the launch of hyperledgers for securing and authenticating documents better than traditional methods.
Maciej Kranz, VP at Cisco Systems:  IoT devices will converge with machine learning/artificial intelligence (AI), fog computing and blockchain technologies.
“This will help companies move from IoT initiatives that merely produce incremental gains, to those that create entirely new business models and revenue streams. This will allow companies to obtain greater value from their IoT investments and drive broader adoption.”
Bill Briggs, CTO and principal, Deloitte Consulting LLP: Blockchain to Blockchains:“Blockchain is moving rapidly from exploration into mission-critical production scenarios. Advanced use cases and increased adoption drives the need to coordinate, integrate, and orchestrate multiple blockchain initiatives within a large organization, potentially across multiple blockchains across a value chain.”
Sandy Steier, CEO of 1010data: Blockchain will enable new data analytics use cases.
The use of blockchain in a variety of applications across multiple industries will enable new data analytics–with high accuracy, privacy and identity protection–that provide significant value to both businesses and individuals. For example, in the finance and real estate industries, analytics around the mortgage approval process could be greatly streamlined. Borrowers could elect to share accurate personal income and expense metrics with lenders via a blockchain, bypassing the tortuous, expensive, fraud, error-prone and time consuming manual process of collecting paystubs, bank statements and other paper documents. With anonymity sufficiently ensured, these metrics could also be made available for aggregate analysis that would deliver insights enabling greater efficiencies in the lending process, including far more accurate prediction of creditworthiness. Other powerful possibilities exist in health and wellness, pharma, life sciences, finance, and additional sectors.”
Brian Shannon, Chief Strategy Officer, Dolphin Enterprise Solutions Corp.Transparency and secure access happens with blockchain.
Blockchain is here and now, and it will continue to gain traction as it provides transparency to the supply chain – especially in complex supply chain industries, such as the automotive and retail industries. 

Balakrishnan Dasarathy, professor at University of Maryland University College Graduate School:  The adoption of blockchain technology will impact cybersecurity big time.
One area in the application space—blockchain—is going to explode in 2018 and beyond. Blockchain is the technology that supports the use of vast distributed ledgers to record any transaction and track the movement of any asset, whether tangible, intangible, or digital and open to anyone.
“Blockchain technology’s disruptive aspect is its potential to eliminate intermediaries, such as government agencies, banks, clearing houses and companies like Uber, Airbnb and eBay. Blockchain provides these and other companies a measure of speed and cost savings when executing transactions. The blockchain shared, distributed and replicated ledger allows transacting parties to directly update the shared ledger for every transaction. Since parties interact directly through the shared ledger, they have to trust each other, and the transaction records in the shared ledgers should be visible only to the right parties. As such, cybersecurity technologies, specifically cryptography and access control, are critical enabling technologies for blockchain.”

Thursday, December 29, 2011

A development from the past couple of years that serves as a good example is the Estonian 'ID-Kaarts' system. The system uses shared databases to allow multiple parties to share authoritative information such as data-logging for clinical assessments or commercial deals. The result has been a secure, all-digital government experience, which has significantly reduced bureaucracy. Such systems can even allow individuals to easily access and create certified copies of any of their personal records, protected from anyone other than themselves by key-locked encryption. The ledgers themselves are also becoming more sophisticated, allowing for developments such as the ability to send documentation to others that need to see it, without compromising any of the control of access. This may also allow individuals to take back the value in their own data, and to choose whether they want to 'sell' their own personal information to businesses in the future.