As time goes on, however, blockchain, as a technology, continues to be the number one trend among financial, governmental and commercial organizations around the world.
And blockchain application spheres are expanding every day. Here are some new interesting areas where the distributed registry technology will be used.
KPM, Microsoft and R3 are developing blockchain for the telecommunications industry
In order to create a separate blockchain for mobile providers,
KPMG, a member of the big four auditors, announced a partnership with Microsoft and the developer of corporate solutions R3.
The participants intend to solve the problems of data sets arising in the mobile networks of the 5g generation, to reduce the costs of companies during payments, the number of disputes and the time of payments.
The largest supplier of credit cards in South Korea has patented a payment system on the blockchain
Shinhan Card company, according to The Korea Times, has created “the world’s first credit transaction service” based on distributed registry technology.
Also in South Korea a platform for digital identification based on blockchain will be launched. The aim of the idea is to ensure better security and safety of data, direct control of confidential information, reducing the risks of hacking and data theft.
Finally, the world-famous giant Siemens plans to introduce blockchain into the car sharing system.
From all the above, we can draw only one conclusion: with the new stage of innovation in various fields, we will be able to get more efficient services and better data security systems.
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