Blockchain

What are the impacts of Blockchain on the traditional industry? (II)

2 min read

The impacts of Blockchain on the traditional industry are growing. Apart from logistics and voting as previously discussed, Blockchain also has significant effects on the following industries.

1.  Philanthropy

How is charity disrupted by Blockchain?

The recent scandals of one of the well-known charities have prompted calls for more transparency. Charities are therefore turning to blockchain to make donation records more accessible and accountable.

In the past, once the donation is made, it is impossible to be traced. But the tracking mechanism proposed by several blockchain-based charity organizations enables donors to see how their money from their wallet is being used, which greatly boosts transparency and deepens the donor’s connection to the charitable cause.

2.  Insurance

The insurance market is based upon the notion of trust.

But Blockchain technology eliminates this aspect and enhances efficiencies of the whole insurance claiming process. When a claim is submitted, and certain conditions are met, a smart contract supported by Blockchain could activate payment without any human interference, which speeds up resolution for claims. Both insurers and the insured would, therefore, benefit from managing claims in a more reactive and transparent way.

3. Sharing Economy and Private Transportation

The Blockchain can also be used to facilitate the operation of peer-to-peer ridesharing apps by permitting both drivers and passengers to enter into a contractual agreement in a secure way without any third-party providers.

Further, the use of built-in e-wallets in private vehicles is able to reshape the future of private transportation. If a payment system is backed by Blockchain, drivers can transfer money from their mobile wallet into their vehicle eWallet. The eWallet can then be authorized to automatically pay for highway tolls, parking, and top-ups and then notify the driver of a successful transaction

The impacts of Blockchain are beyond imagination. It is establishing trust across sectors and creating a new economic structure at the same time. Thus, it can be anticipated that many more industries will be investing in Blockchain to increase their competitive edges.


Sign up for our Newsletter

Join our newsletter and get resources, curated content, and design inspiration delivered straight to your inbox.

Related Posts

Blockchain

Blockchain: 甚麼是 Hyperledger Fabric?

Blockchain: 比特幣(Bitcoin)大約在十年前出現,總體而言,它仍然被視為第一個實現區塊鏈概念的項目。要理解比特幣並不難,簡單來說,它就是分怖在大量節點上的公有帳本。而區塊鏈則提供實踐的技術,稱為分怖式帳本技術(Distributed Ledger Technology; DLT)。從比特幣區塊鏈之後,我們看到幾項新的區塊鏈革新。其中,又以「以太坊(Ethereum)」及Hyperledger發展是最具規模的。 首先,先解釋一下甚麼是Hyperledger?Hyperledger就好像是一個復仇者聯盟的概念,在這個聯盟下的專案各自為政,亦共同合作。雖然是各自為政,但與計劃內其他專案都能夠共同整合的(部分專案),所以可以這樣說,Hyperledger是好幾個專案的集合體,這些專案由聯盟成員發起,不一定能夠互相連通(因為使用場景不一定是相同),例如Hyperledger Fabric及Hyperledger Sawtooth都是分布式帳本解決方案,但使用場景的出及點則有所不同。 而Hyperledger Fabric是Hyperledger中的區塊鏈項目之一,與其他區塊鏈的技術一樣,它亦有自己的記帳體系使用智能合約,靈活的通訊契約以及一個眾多參與者管理他們自己交易的系統。Hyperledger Fabric從其他的一些區塊鏈系統中我脫穎而出的地方,是在於它是秘密的並且是權限化的。

Blockchain

Blockchain 技術也可以儲飛行里數?

相信有很多香港人對優惠、著數都很敏感,很多人亦對各種積分獎賞樂此不疲,當中最受歡迎的應該是儲飛行里數 Miles。大家都一定有聽過亞洲萬里通 (Asia Miles) ?說到飛行里數,過往旅客都要於飛行結束後一段時間,才能看到哩程積金入帳,尤其亞洲萬里通還有很多合作零售伙伴,入帳進度亦會有時差。 為了提升會員的體驗,亞洲萬里通與餐廳夥伴的推廣活動「里賞過關」中應用了區塊鏈技術,會員可以即時在手機App上看到哩程累積數量及消費金額,成功提升使用體驗;此外,系統設計是與香港的餐飲夥伴共享同一組交易紀錄數據,除了讓交易更透明化外,後續的哩程換算、分配全部都能自動化處理,大幅提升後勤管理效率。

Don't forget to join our upcoming free IT CAREER TALK on Eventbrite

X
Facebook
YouTube
LinkedIn
Instagram