Not Just About Virtual Currency, Blockchain can be utilized for various sectors

Today, blockchain technology is more known as the technology behind virtual currencies such as bitcoin, ethereum, ripple, and so on. However, actually blockchain technology can be widely utilized to advance businesses and companies.

The current blockchain technology has been widely used globally. The development of the use of blockchain technology is now very rapid in various sectors.
Blockchain is a technology capable of storing data not only on one server.
Blockchain can optimize the utilization of many servers so that data can not be falsified or modified, and stored more safely.

"When this technology is developed, it can be applied in many ways"

For example, Singapore is utilizing blockchain technology to assist in terms of business activities at the port. This technology is utilized to shorten the waiting time of the ship or dwell time, also to verify export and import related transactions.

"The company can do smart contract with blockchain technology for export and import".

Blockchain technology can also be utilized by the banking industry and financial technology (financial technology / fintech). With this technology, the two financial industries can easily perform verification and payment transactions.

However, blockchain can also be used for tax deeds, and bilateral agreements. In fact, blockchain can also be used for the issuance of certificates and diplomas so it is not easy to forge.

It can even be wider for elections, so there are no multiple votes, and results are more transparent.

Just information

Blockchain technology serves to record transaction data. Transaction records are incorporated in many interconnected and secure blocks.

Blockchain technology is claimed to be potentially and suitable for recording multiple data, not just virtual currency. Business activities, transaction processing, documentation, to voting are assessed to be benefited when utilizing this technology.

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