About Blockchain

THE WORLDS OF BLOCKCHAIN TECHNOLOGY

Just as our world has seven continents, 7,000+ languages and 7 Billion+ humans, blockchain technology has endless amounts of possible applications to empower and revolutionize the way we communicate, but most importantly the way we trust. This technology is being embraced around the world as it now allows us to openly, securely, freely, and instantly interact with everything and everyone. Come explore the world of Blockchain & AI Integrated Technology within 7 Key Industry Verticals.

ARTIFICIAL INTELLIGENCE

Artificial Intelligence is dependent on data, and with the integration of blockchain, the AI industry can have access to high-quality information that improves machine-learning operations. Incorporating blockchain within the AI industry can also level the playing field and reduce market-place barriers, allowing for smaller businesses to utilize data they might not otherwise have access to under the current centralized systems.

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BLOCKCHAIN ADVANTAGES

  • Creates a clear audit trail and explains decisions made by AI to improe machine learning skills.
  • Reduces competitive advantage of tech giants be equal access to data.
  • Increases machine-to-machine interaction over the IoT.
  • Allows AI to process complex training data instantly as well as import large data sets.

POSSIBLE CHALLENGES

  • Lack of public B2B knowledge of development process timeline and integration.
  • Lack of plug-and-play useable options for business and personal use.

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SPORTS, MEDIA & ENTERTAINMENT

Incorporating blockchain technology in the entertainment industry can create a digitalize marketplace that is decentralized, minimizing the current deficiencies found in digital advertising and royalty payments mechanisms within the entertainment sector. Currently, 40-70% of ad dollars go to intermediaries, combine that with the complexities of regulations and licensing and intellectual property rights, there are significant constraints on how entertainers and brands directly interact with their audience.

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BLOCKCHAIN ADVANTAGES

  • Minimizes piracy
  • Automates royalty payments
  • Allows effective trade of advertising contracts
  • Enforces higher privacy-compliant regulations
  • Enables security for online payments and contract enforcement

POSSIBLE CHALLENGES

  • Speed to market challenges
  • Lack of qualified knowledgable experts for hire
  • No current large data host platform

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TRANSACTIONS / CURRENCY & FINTECH

One of the largest sectors where blockchain, AI and cryptocurrencies have established themselves is in FINTECH. The need for greater openness and storage of historical data became evident following the financial crisis of 2007. While the industry has made great strides since, blockchain provides full transparency thanks to its open public ledger.
Because every node has simultaneous access to the ledger, every single transaction or entry is visible to every participant, increasing trust and allowing new types of analytics to be reviewed by AI to discover patterns, issues and opportunities never before seen in human history. This will truly transform the way the world conducts business from a single purchase to public overwatch of large governmental spending. Freedom of Information is finally a reality.

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BLOCKCHAIN ADVANTAGES

  • Worldwide access to your cash & crypto
  • Transcation transparency
  • Instant transactions to and with anyone, anywhere in the world
  • Simplicity of large financial purchases due to open ledger data available to all 3rd parties
  • Instant lending approval based on accurate real time personal and business data access along with smart contracts

POSSIBLE CHALLENGES

  • Federal regulation interference in the United States slowing progress

Ease of product use issues by consumers in a daily life scenario

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HEALTHCARE

Blockchain is the future business model for the Healthcare Industry, with 35% of the industry planning to incorporate the back-end technology by the end of this year. Disparate data systems within the industry have led to fragmented patient records. With the application of blockchain, patients will have more control over their personal data and how the data is utilized. Blockchain will also allow for higher data integrity and traceability as new drugs and treatments come to the market.

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BLOCKCHAIN ADVANTAGES

  • Higher probability for accurate diagnosis
  • Patients can own and control their own health records
  • Better record sharing across different domains and systems
  • Creates a marketplace for patients to profit from selling records
  • Complete transparency of medical and pharmaceutical products from supply all the way through retail and how patients interact

POSSIBLE CHALLENGES

  • Industry wide adoption and time to integrate
  • Dissolve of existing middlemen infrastructure

 

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INTERNET OF THINGS & FOODS / IOT & IOF

Blockchain is a promising new technology solution designed to increase food traceability and transparency in the Food & Agriculture sectors. Blockchain will allow for quick access to supply chain verification and consumer education. Data regarding specific products can be traced at any given moment, which will give consumers and retailers higher confidence how their food is sourced as our framework of the Internet Of Things & Internet Of Food grows.

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BLOCKCHAIN ADVANTAGES

  • Industry-wide accountabbility
  • Supply chain transparency
  • Compliance verification
  • Food traaceability
  • Data security and assurance
  • Data source anonyminity
  • Deinstitutionalization
  • Consumer accessibility

POSSIBLE CHALLENGES

  • Data input quality assurance
  • Limited transactions per second
  • Need for one common platform

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NON PROFIT & NGO’s

The use of blockchain in the nonprofit sector can create higher visibility on how money is transferred across different entities, creating clear records and traceability of donations. Additionally, NGOs are hit with high transaction fees when redistributing funds from field offices. The use of blockchain eliminates these fees, allowing for a larger portion of the donations to be used as they were intended to.

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BLOCKCHAIN ADVANTAGES

  • Minimized transaction fees
  • Disrupts banks and money transfer entities interfering with flat distribution to those in need in a timely manner
  • Authenticates voting records and accurately exposes fundraising contribution sources
  • Eliminates local government corruption by identifying exact tax dollar spending
  • Enables people to anonymously report regulation & human rights violations

POSSIBLE CHALLENGES

  • Current policy makers and title holders can slow the implementation of blockchain and AI into their ecosystems
  • Business as usual will remain until a term shift or policy changes is forced upon them by pubblic or internal sources

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