"Show me the industry that lacks Trust, Transparency, Security, and Privacy and I will show you the use case of blockchain technology in that industry." Blockchain is a Global, Decentralized, and Distributed transactional database/ ledger that records the provenance of a digital asset. It is Highly Transparent, Secure, and Immutable.

1. THE USE CASES OF
BLOCKCHAIN TECHNOLOGY
Marcellus Ifeanyi
Twitter: @Mars_Energy
Linkedin: Marcellus Ifeanyi
+2347064643074

2. Blockchain is a Global, Decentralized and Distributed transactional database/ ledger
that records the provenance of a digital asset.
It is Highly Transparent, Secured and Immutable.
“Show me the industry that lacks Trust, Transparency, Security and Privacy and I
will show you the use case of blockchain technology in that industry”.

3. Crypto-Currency is just the first application of blockchain to Banking (Finance), but the
blockchain technology isn’t just for Crypto Space. Crypto is the energy/native currency
for the Web3 Economy, while BlockChain Technology is the Hallmark (Heart/Power
House) of all.
Blockchain technology is a revolutionary technology that will disrupt any industry you
can think of where Trust, Transparency, Security and Privacy is of utmost importance.
Lets look at the use cases of Blockchain Technology and the industries that blockchain
is disrupting and will disrupt in the future, so as to position ourselves for them

4. 1. Investment Management & Portfolio (Finance):
Blockchain offers various capabilities to improve investment management processes by
improving:
• Collaboration: By enabling everyone to access a single source of truth easily.
(Trust is the Fundamental currency of commerce)
• Transaction Validation: Transparency of the blockchain supports each party to
easily validate transactions
Data Security: Blockchain improves the overall data security since data is stored in
immutable records

5. 2. Government Transparent Budgeting:
Corruption Perceptions Index shows that two-thirds of the countries are considered
highly corrupt.
A potential application of blockchain technology will/is bringing transparency to
government’s budgeting decisions by making them accessible to the public
(Public Blockchain). This could lead governments to act more responsibly and avoid
Waste of public funds or embezzlement and ensures the adequate allocation of the
released budgeted funds for the execution of projects.

6. 3. Digital Voting System for Elections:
In most countries “It’s not the people who vote at the polling unit during elections
that counts, it’s the people who count the votes”.
Research shows that the reliability of the voting process has been a problem since the
beginning of democracy.
Blockchain technology can decentralize the voting process so that elections can happen
securely with transparency, because in a decentralized system, there is no single point
of weakness/failure

7. With decentralized system of Voting, Individuals who are eligible, will receive a token
that allows them to vote only once at the comfort of their home and each vote is
stored as a node in the blockchain.
This will increase transparency in the election results and save life and crisis during
elections.

8. 4. Cross-Border Transactions:
Blockchain is global transactional database
Globalization leads organizations to make more cross-border transactions seamlessly.
Blockchain has the potential to enable cheap , secure, efficient payments in cross-border
transactions by removing the need for verification by third parties (intermediaries)
and beats processing times for traditional bank transfers.
Multiple organizations/DeFi companies or start-ups are taking advantage of blockchain
to enable cross-border transactions

9. 5. Internet of things (IoT) and Internet of Everything (IoE):
Internet of things (IoT) and Internet of Everything (IoE) are physical objects that
are embedded with sensors, processing ability, software, and other technologies
that connect and exchange data with other devices and systems over the Internet
or other communications networks. Security and Privacy have been of great
concern about the risks in the growth of IoT and IoE, technologies and products.
Internet of things (IoT) and Internet of Everything (IoE) are made up of Smart
Appliances, by storing the data collected from these devices in blockchain, users can
make the data immutable and increase the difficulty of tampering with services by
cybercriminals.

10. With Blockchain Technology each device will have a unique identifier and users hold
a password accessible via their smartphones. This password enables users to manage
each device knowing that all transactions and messages are encrypted
(Cryptograpically) and going through a secured network.
Blockchain offers digitization of assets with IoT and IoE monitoring sensors so that
organizations can label their assets and provide a transparent tracking system,
which helps to identify the location and condition of items.

11. 6. Wills and Inheritances
Blockchain can be used to create digital wills and signatures as a transparent and legally
attested and prevents tampering of wills. Testators (trustee’s) can distribute their assets
to beneficiaries (inheritors) via a crypto-will network that can be accessed by related
parties. This can be built in the form of a smart contract that can be automatically
executed after the death of the testator (When consensus has been met ie upon
confirmation of the trustee’s passing away)

12. Digital Wills and Signature will remove the challenges of verifying the deceased’s actual
death, will-related litigation often involves challenges to the “genuineness” of a will
that is, whether the legal interpretation aligns with the deceased’s intentions.
Thus blockchain technology will infuses the Trust, and make it easier to identify factual
information, provide verifiable transaction data, and dismiss claims that are without
merit.

13. 7. CrowdFunding:
The decentralized nature of Blockchain allows Decentralized Autonomous Organization,
DAO’s (Decentralized Community) which can be used to crowd source and raise funds
in a transparent way and help the members or a member of the community build a
project and create solutions.

14. 8. Loan and Credit:
The application of blockchain technology to Decentralized Finance (DeFi),
alternative lending now offers a cheaper, more efficient, and more secure way of
making personal loans to a broader pool of consumers. With a cryptographically secure,
decentralized registry of historical payments, consumers could apply for loans based on
a global credit score.

15. 8. Insurance and Property Management
Blockchain applications are deployed/used in the insurance industry to improve
operational efficiency, drive down costs, increase speed to market, and provide better
customer experiences.
Blockchain technology creates a single source of truth (data received and stored are
immutable on the blockchain network) for transactions between parties has the
potential to significantly drive down processing time and costs for insurance
companies.

16. 9. Automotive Manufacturing (Travel & Mobility)
In the Automotive/Automobile Industry, Blockchain technology can be deployed to track o
with a tamper-proof, neutral, and resilient system, since paper records are prone to
forgery and/or physical degradation, and centralized databases may be subject to
hacking, human error, and/or tampering, blockchains are immutable and have no single
entity controlling the ledger.
In the Manufacturing Industry, Blockchains could be used to track parts in a supply
chain and weed out those that are counterfeit and could enable targeted recalls on
supplies.

17. The Mobility Open Blockchain Initiative (MOBI), a consortium that includes
automakers like Ford, BMW, Honda, and GM, has been working on a vehicle and
parts tracking initiative. Its Vehicle Identity (VID) Standard initiative provides
“birth certificates” for vehicles, tracing maintenance history and vehicle registration
even across borders in a shared ledger.

18. 10. Car Leasing and Sells
Research shows that the experience of leasing, buying, or selling a vehicle is a
notoriously fragmented process for stakeholders on all sides of a transaction, but
blockchain could change that.
By using Blockchain Technology to store “birth certificates” for vehicles, tracing
maintenance history and vehicle registration, across borders in a shared ledger, if
you want to lease or buy a new or fairly used car, you can actually know every
single details about the car and avoid fraud. This will also reduce costs
(commissions) incurred by intermediaries (third-parties) and consultation of
personnels/car agencies

19. 11. Trucking, Shipment control and Monitor of Produced Mineral Resources:
Blockchain technology can be deployed in the Oil producing countries like Nigeria,
Sudan, Libya etc, to keep track of produced and transported crude oils.
The trucks/tankers carrying the oil barrels can be emedded with IoT and IoE sensors
which feeds the blockchain network with data (Blockchain Oracles). With these the
management can be sure that the same quantity of oil is produced and transported,
as the data recorded at the point of production can’t be altered (blockchain is immutable),
which will infuse trust and transparency in our oil and Gas industries.
Deploying Blockchain, will help to improve transactions, shipment tracking, and fleet
management, as well as protect assets and increase fleet efficiency

20. 12. Hotel and Reservations (Hospitality):
Research shows that large hotel chains lose 10% to 15% of their total revenue in the
form of commissions paid to third-party booking services.
The Trust and Transparent nature of Blockchain technology can help cut out the
middlemen and their huge commissions, encouraging direct provider-to-consumer
interaction and reducing costs.

21. 13. Real Estates:
Research shows that the pain points for buying and selling property include a lack of
transparency during and after transactions, copious amounts of paperwork, possible
fraud, and errors in public records.
Blockchain can be deployed and offers a way to reduce the need for paper-based
record keeping and speed up transactions, thus helping stakeholders improve
efficiency and reduce transaction costs on all sides of the transaction.
Real estate blockchain applications can help record, track, and transfer land titles,
property deeds, liens, and more, and can help ensure that all documents are accurate
and verifiable.

22. 14. Health Information Exchange (Health):
Healthcare institutions suffer from an inability to securely share data across platforms.
Better data collaboration between providers could ultimately mean more accurate
diagnoses, more effective treatments, and more cost-effective care.
Use of blockchain technology could allow hospitals, payers, and other parties in the
healthcare value chain to share access to their networks without compromising data
security and integrity.

23. The list of industries blockchain is disrupting or will disrupt are
endless, but I will like to stop this write up.
Some Other Areas and More:
Research & clinical trials
Pharma and Alternative medicine
Media and Entertainment
Law enforcement
Federal mail (Saves Time for Postal workers)
Public transportation
Gift card & loyalty programs
Waste management
Energy management
Food & beverage
And more ……..

24. Summary:
Blockchain is a Global, Decentralized and Distributed transactional database/ ledger
that records the provenance of a digital asset.
It is Highly Transparent, Secured and Immutable.
“Show me the industry that lacks Trust, Transparency, Security and Privacy and I will
show you the use case of blockchain technology in that industry”.

25. Hint: In each of the industries where blockchain is applied there are different
Crypto-Currencies dedicated for them, if you are a Crypto Trader, checkout the
Categories section (Ecosystems) in Coinmarket Cap
(https://coinmarketcap.com/cryptocurrency-category/) or Coingecko
(https://www.coingecko.com/en/categories) for more information on Use cases
of Blockchain technology

26. Marcellus Ifeanyi
Twitter: @Mars_Energy
Linkedin: Marcellus Ifeanyi
+2347064643074