Evaluating New Use Cases On Blockchain

in LeoFinance8 months ago

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The wonder of blockchain seems to be within the confined of Bitcoin , that basically during such 2009 when the whole world had to welcome the germination and growing of Bitcoin ever since then.

Here I personally used such term germination , that because Bitcoin and crypto currencies in general have been conditioning by the nature to be more as kind of growing germinated seed once planted.

Moreso , it should be very well to note that most , growing seed are not basically bound to grow very tall within a given possible short while.Truth is that , few others growing seed do , once get planted or cultivated and it won't take much time in between a three to four months time can get grown to required height and get bearing needed fruits and further directly position itself to be harvested by the cultivator.

To be honest , upon such deepening revelation of my touching crypto , then I personally had no doubt within me. That touching reasons we do witnessing such term as crypto farming. This directly entails that crypto currency can get farm. And for any crypto related farmer can often get yield required farming produce over set duration depending the nature of that crypto currency involved in the farming exercise.

Talking about crypto currency and blockchain

Is being very possible that during that early enough stage when crypto currency did get surfaced into the world . Most entity (ies) and as well as an individual's didn't possibly get imagined what other use blockchain which primarily get serve more as a bed rocking of only crypto currency and then and now Bitcoin, can get further use to, mainly in the direct respect to the other Usecases in which blockchain technology can be directed into .

Here I personally case as the whole situation surrounding crypto space gets progress, many others then get to extract and examine the whole lots of possibility (ies) touching the other ways in which blockchain technology can get use rather just crypto related nature.

Upon the scene , personally it get on me that these two factors happen to be the major key reasons others get adopt blockchain technology into their establishment. Those two factors for me are such as Scalability and Security

Here am going to have those two factors brief one by one.

Blockchain technology scalability

The truth is that over years many people might have personally get curious about ways in which blockchain seems to be , and based on such get engaged on personal research about blockchain technology. Along everything crypto currency represent and what blockchain technology actually meant touching crypto currency space. Right from the nodes things to the tokens minting , blocks nature of storage and transferring speed.

To get whole thing grounded is being quite visible how scalable blockchain technology actually is touching mining , minting , and data storage transfer among others.

The fact that blockchain is basically serving well within the integral crypto market space, that alone seems to be kind of backbone for others meaningful entity (ies) to explore.

Blockchain technology sense of security

The whole truth is that had been blockchain technology has not been safe and secure at all . There no body would ever get seen some other companies adopting blockchain technology and get to integrate it into their main system for operation.
It's mainly because blockchain security is meaningfully guarantee and can't easily breach and break in by cybercrime or fraudster. Here I case that alone is the reasons there are others exploring blockchain.

Other use cases of blockchain technology

Aside the nature of use case in which blockchain technology is being using within the space of crypto currency.

The following are the other entity(ies) or an establishment that have been introduced and integrate blockchain technology into their system of operations :

✓ Some tertiary institution
✓ Some hospital
✓ Some banks head office
✓ Some government department
✓ Some network provider company

Data storage tank

The function as per the use case for the blockchain technology within the crypto world is quite enormous. While those other companies and some selected statutory bodies or government department are only get into adopting and integrating blockchain technology mainly for data storage purposes.

That , since blockchain is quite very okay touching data base and storage thing.

Blockchain technology get serving more as that big tank which basically meant for storage of either water or petroleum products, and subsequently safe transferring it at wilt whenever so needed.

Seen , that an exact reason those get use blockchain technology mainly for the safety and security of their data storage and required speed when transferring those data across concerns.

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