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Marsha Baranovich, External Communications Manager Dorofa communication.
Fintech headlines blur each other, speculating and predicting the future of the blockchain and cryptocurrency industry. In 2021, Fintech will reading The venture investment sector, with over $130 billion invested in startups worldwide.Alas, global fintech funding in 2022 fell That’s over 40% year-on-year, and the numbers are declining as the year progresses. And many don’t miss the opportunity to tease crypto enthusiasts (Gen Z). “Kryptok” Recording) Looking ahead to a new collapse story.
Jokes aside, by going back to the big picture, I want to remind myself and others why we are in this boat and why we work and believe in this industry. While talking about chains, most people, including industry experts, overlook other applications of this technology rather than crypto or financial services.but Collapse of FTX A reminder that the most valuable asset in blockchain is not finance, but the technology at its core, and how it applies to many areas of life.
Consider a great example of how blockchain benefits society and makes it successful today.
healthcare is one of the best performance industry for global VC funding since the COVID-19 explosion.In fact it is Rank #1 for attracting venture investment in Q3 2022, ahead of Fintech in #2.
Nonetheless, many countries still struggle to provide secure data management for healthcare professionals. This means that patients and providers do not have a complete view of their medical history. It can lead to accidental medical errors and, in the worst cases, to casualties.
Integrating blockchain-based solutions into the healthcare industry can revolutionize records management and improve the performance, security and transparency of healthcare data sharing.
For example, Taipei Medical University Hospital and Digital Treasury Corporation (DTCO) release Personal The Health Records Operating System (phrOS) was developed several years ago to improve medical records management. phrOS encourages healthcare entities to co-create ecosystem applications that have already shown significant benefits in claims, security, and patient care. In this way, global e-health initiatives can help protect medical records while making healthcare systems more efficient and responsive to patient needs and expectations.
Imagine a future where your local doctor could easily share medical records with an Italian colleague who got sick while on vacation. Imagine that technology companies could collect personal data for free and control it instead of selling it to third parties for profit. This is the future of blockchain in healthcare.
Blockchain’s carbon footprint and environmental impact is a concern for many, but Ethereum’s recent move to an energy-intensive proof-of-stake consensus could influence other companies to get ahead. there is.
Furthermore, the latest the study Blockchain solutions for the energy transition show great potential for application as the decentralized driving brain of the energy community. This concept could revolutionize the energy sector and make systems more intelligent, efficient, transparent and safe in the long run.
When it comes to customers, energy trading transactions can be recorded and settled almost instantly without intermediaries. And one day you will enjoy his casual P2P energy trading among users of distributed electrical systems, “sharing” home generators and electric vehicle charging. But let’s not go too far.
It doesn’t hurt to mention a few cases that show what it looks like in government, Big Brother, or mainstream adoption of blockchain.
For example, Estonia has electronic services in all areas where citizens come into contact with the country. Electronic health records, electronic prescription databases, electronic legal and electronic court systems, electronic police data, electronic banking, electronic-business registers, and e-Land registries.
Estonia’s backbone technology, the KSI blockchain, ensures that data cannot be compromised while preserving complete data privacy. And the voting industry, the backbone of democracy, can win big by following this example, as seen internationally. introduction 2020 Blockchain Digital Vote.South Korea actively invest millions of dollars With blockchain voting system, India planned Implement blockchain-based electronic voting by the 2024 general election.
Blockchain integration into voting will allow citizens to vote from any computer anywhere in the world, providing unprecedented security measures and eliminating outdated voting methods such as printed ballots. increase. It can also increase youth voter turnout.
In Estonia, since 2017, citizens aged 16 and 17 are eligible to vote in local elections. And historically, he’s more than 36% of young voters, and sometimes he’s nearly 64% young voters. Participation with the i-Voting system. For comparison, 27% of U.S. citizens aged 18-29 cast The 2022 vote is the second highest youth turnout in almost 30 years.Blockchain-powered systems could therefore be a better way to encourage young voters, especially in the age of legislators. enact Many laws that make voting difficult.
These are just a few of the successful applications of blockchain technology that the modern world knows. prize.
I just want to emphasize that cryptography is neither an end nor a panacea. The goal of blockchain is decentralization and transparency in all aspects of our daily lives. It definitely has the potential to fundamentally change the way we operate as a society in the future. So stick with it and invest in its healthy growth.
