Lessons learned from the Blockchain Circle’s workshop
Workshop by Blockchain Circle and ConsenSys in Rent24.
Crypto markets get bloodier by the day. But does it mean, that the blockchain technology failed?
Last Friday we started a workshop series of Blockchain Circle and ConsenSys in Rent24. During the day we skimmed through the recent use cases of the technology. Here is a list of 20 remarkable use cases for 2018:
1. Real estate
Brickblock tokenized the first real estate on the blockchain. Indiegogo is tokenizing real estate shares.
Photo by Element5 Digital on Unsplash
2. Voting
150 West Virginians voted via a blockchain-app. South Korea is testing E-Voting on the blockchain. Japanese city Tsukuba completed the test of a blockchain-based voting system for local development programs.
Photo by Element5 Digital on Unsplash
3. Identity solutions
Swiss Federal Railways are testing the uPort identity solution. City of Antwerp is testing Jolocom for the administrative tasks. MONI is providing a blockchain powered id for refugees.
Photo by Roland Lösslein on Unsplash
4. Equity token offerings
NEUFUND listed the first companies on it’s ETO (equity token offerings) platform. Recently they raised $3m in an ETO.
5. Marine insurance
Insurwave, a blockchain-powered platform for marine insurance (by EY, Guardtime, A.P. Møller-Maersk, Microsoft) is now in a commercial use.
6. Crypto banking
Bitwala (in cooperation with SolarisBank) introduced licensed crypto and fiat banking.
Photo by Jonas Leupe on Unsplash
7. FX transactions & bilateral payments
Commerzbank and thyssenkrupp replicated a foreign exchange transaction using blockchain. Goldman Sachs and Morgan Stanley used the IBM solution for bilateral payments.
Photo by Floriane Vita on Unsplash
8. Food safety
Australia’s National Transport Insurance is testing blockchain for beef exports. Walmart requires selected suppliers to use blockchain. US Dairy company Dairy Farmers of America (DFA) is cooperating with the startup ripe.io.
Photo by Rachel Park on Unsplash
9. Repurchase agreements
Russia’s major bank Sberbank completed a smart contract powered repurchase agreement.
Photo by Artur Matosyan on Unsplash
10. Stock exchanges
NYSE is launching a bitcoin exchange, SIX to offer securities on the blockchain in 2019, SAX using the blockchain to record shareholdings and manage the clearings.
Photo by Aditya Vyas on Unsplash
11. Tokenized ownership
Mattereum tokenized a $9M Stradivarius Violin. Andy Warhols painting was tokenized and sold on the blockchain.
Photo by Baher Khairy on Unsplash
12. Licensing & IP
Accenture and blockchain startup Digital Asset rolled out a software license management application.
Photo by Fotis Fotopoulos on Unsplash
13. Certificates
Companies in Singapore can acquire renewable energy certificates on a blockchain of SP (Singapore Power) Group.
Photo by Efe Kurnaz on Unsplash
14. AdTech
Toyota partnered with the blockchain startup Lucidity to minimize the ad fraud.
Photo by Steven Roe on Unsplash
15. Patient Data
BlackBerry is working on a network to support blockchain solutions for patient data. A Medical University Hospital in Taiwan launched a blockchain powered platform for medical records.
16. Land Registry
The government of New South Wales, Australia, is planning to trial a blockchain solution for the land registry. Africa’s first multinational land registry is to be launched in Kenya and Ghana.
Photo by Breno Assis on Unsplash
17. Power grid & peer-to-peer energy markets
The Korean government is working on a blockchain-based power supply system.
18. Peer-to-peer payments
Japenese telecom company Softbank finished the proof-of-concept for a cross-carrier P2P payment service.
19. Automated devices
Walmart filed a new patent application for automated drone delivery on the blockchain.
Photo by Diana Măceşanu on Unsplash
20. Digital evidence
U.K. Ministry of Justice is exploring the use of blockchain to secure digital forms of evidence.
Photo by Matthew Henry on Unsplash
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