It has been ten years since blockchain was introduced to the world in the form of the Bitcoin cryptocurrency. Primarily underground at first, he later became a star of the 2.0 Gold Rush, but the technology behind it has taken hold.know What is blockchain and how does this technology workIts core functionality, a system of code blocks with unique digital signatures, enables user and platform authentication, as well as product and operational traceability. Today, blockchain is more than an exotic currency.Evidence of use as a contract authentication system or Blockchain application in the decentralization of energy, indicated by smart grid systems or electric vehicle charging stations. Another area where blockchain is expected to play an important role is tools for development. Two innovative blockchain projects backed by UNICEF and Ethereum Coin Labs (ETC Labs) are: blockchain technology to improve people’s health.
Improving governance practices
One of the main drawbacks of emerging economies is the lack of robust institutional structures. Without a system for contract traceability and efficient management of resources, financial controls are weak and corruption is rampant. OS City is a platform that combines cloud computing, artificial intelligence and blockchain capabilities to facilitate the management of public contracts and tenders. This blockchain-based system not only increases transparency, but also offers the opportunity to reduce red tape and create a trustworthy academic accreditation process. OS City is not a project planned for the far future, as there are governments already using blockchain technology, as is the case in Chile.
Access data without internet connection
Another challenge for non-developed countries is Internet access restrictionsThe W3 Engineers startup, part of ETC Labs, is working on a “mesh messaging” solution named Telemesh. This technology enables communication between smartphones without internet access. The key is blockchain-based Ethereum technology that connects peer-to-peer networks. For example, one phone can relay that data to all users of the platform in each area.One of the first applications of this Blockchain technology project A communication system in a Rohingya refugee camp in Myanmar.
medical record protection system Prescrypto
Healthcare is an area where user privacy and identity are particularly sensitive issues. Using prescriptions and health cards requires a complex and expensive IT infrastructure. Also, managing handwritten prescriptions can be a source of problems and problems. The prescript is Blockchain-based platform Encrypt prescriptions and personal medical data in a database that can only be accessed if the user’s identity is verified. Mexico is one of the first countries to try this innovative technology project using blockchain technology.
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