The Power of Blockchain: 5 Real Life Uses

If you have heard of cryptocurrency then we are sure that you probably have heard the word blockchain.

But, what exactly is blockchain?

Blockchain is a system of recording information on a cloud ledger in a way that makes it difficult or impossible to change, hack, or cheat the system.

The mechanics of blockchain are extremely complex, hence why many followers of cryptocurrency do not bother learning about it. The basic idea of blockchain is very simple: to decentralize (the process of shifting control from one main group to several smaller ones) the storage of data so that such data cannot be owned, controlled or manipulated by a central actor.

Bitcoin, and cryptocurrency in general is extremely volatile which is all the more reason why people invested in should know why it exists and how it works. Those who do their research on the value of blockchain in the end will be the most successful as the world continues to adapt to cryptocurrency.

Blockchain shows a lot of promise for a diversity of useful technologies.

Blockchains depend on the utilization of public/private key pairs to identify contributors in transactions or contracts. Therefore, it can be used in other real-world (familiar) cases.



What else can blockchain be used for other than cryptocurrency?

Real Estate, Land, And Auto Title Transfers

One of the key objectives of blockchain is to remove paper out of the processing method, as paper trails are frequently a primary cause of uncertainty of record keeping. When buying or selling land, a house, or a car, the individual transfers or receives a title. As a replacement for of handling this on paper, blockchain can store these titles on its ledger, permitting for a crystal clear view of this transfer and rightful ownership.

Prescription Medication

Currently Merck is testing such a blockchain system for prescription drug returns. Blockchain could be a means of clearly tracking prescription medicines. Because prescription returns do occur, counterfeit medications are intercepted (and sometimes not) blockchain propositions prescription drug companies the ability to track their products based on serial and/or batch numbers to ensure that consumers are getting the real deal when they pick up their medications from the pharmacy.

Payment Processing And Money Transfers

Arguably, the most understood use for blockchain is as a means to expedite the transfer of funds from one party to another with digital currency. Since the US dollar isn’t disappearing just yet, there still needs to be ways to make its transactions more secure. With banks soon eliminated from the equation, and authentication of transactions ongoing 24 hours a day, seven days a week, nearly all transactions that are processed over a blockchain ledger can be settled within a matter of seconds.

Trading

In the future blockchain could compete with current dollar trading platforms to buy or sell stocks. For the reason that blockchain systems confirm and settle transactions  immediately, it could eliminate the wait time traders and investors confront when selling stock(s) and requesting access to their funds for the objective of reinvestment or withdrawal.

Wills And inheritances

As a replacement for establishing a paper will, people could have the preference of creating and storing their digital will on a blockchain network. When used with smart contracts (self-executing contracts with the terms of the contract between individuals directly written into lines of code), which could distribute inheritances, both money and property, based on when certain criteria are met (such as trust fund agreements). Thus this would leave no issues as to who should receive what assets when an person pass away.

Article By Kadesh Carter – Earthy Realist CEO

Get new Earthy Realist articles delivered to your inbox.

Bringing You The Most Accurate News Coverage For Crypto, Cannabis & Culture

Are you ready for some serious #CryptoCannabisCulture posts on Instagram?

As our team looks around there is a ton of spam and content that is putting a damper on the reputation of the Triple C’s:

  • Crypto
  • Cannabis
  • Culture


Now, we can’t stop what others post, but we can motivate you with professional, relevant and beneficial content.

Believe in the possibility of outstanding content, and that is what we will promise to provide!

Thanks so much for following!

Check out our latest Instagram post by clicking here.


Our website has readers from around the world and we appreciate you all!

Get new EarthyRealist.com content delivered directly to your inbox.


http://www.instagram.com/EarthyRealist

The Amazing Resorts World Las Vegas Opens

Officially one of the largest Las Vegas casinos ever built. The $4.3 billion complex is huge among Strip resorts and it has more than 40 restaurants. Their partnership with Gemini, aims to make Resorts World Las Vegas one of the most crypto-friendly resorts on the Las Vegas Strip.

The massive new resort brings three new hotels, dozens of restaurants, and more to the Las Vegas Strip.

Las Vegas is back, people. The indefatigable destination is on the upswing, as visitors are rushing back to the ever-popular escape where round-the-clock entertainment is once again the norm.

Starting Thursday (6/24/2021), travelers will have a new option on where to stay, as Resorts World Las Vegas officially opens its doors on June 24. The mega-resort is “the first ground-up development on the Strip in over a decade,” Travel + Leisure has reported, located just north of the Fashion Show Las Vegas mall and near the Las Vegas Convention Center.

“Particularly after the past year, travelers are looking for fun, exciting destinations to explore,” said Matt Schuyler, Hilton’s chief brand officer, in an email to T+L. “And according to a new survey conducted by Hilton, nearly a quarter of Americans ranked Las Vegas at the top of their must-visit destination list, with 20 percent citing the Las Vegas Strip as a wish list sight to see.”

The $4.3 billion wonderland will have 3,506 hotel rooms split across three Hilton properties; more than 40 places to eat and drink, including a Singapore-inspired food hall called Famous Foods Street Eats; a 5.5-acre “pool complex”; a 5,000-person concert and event venue; and tons of on-property shopping. A huge casino will have slots, table games, poker, plus a sports book and high-limit rooms.

“Las Vegas continues to cement itself as the entertainment capital of the world and is seeing exponential growth to attract visitors for experiences that span sports, music, and entertainment,” said Scott Sibella, president of Resorts World Las Vegas, in an email to T+L.

Continue Reading

Get new content delivered directly to your inbox.

Triangle Clear Quartz Choker

Gold plated choker designed to impress.

The Clear Quartz crystal meaning is known for its high vibrations. By clearing your mind, body, and spirit of any clutter, a Clear Quartz crystal can help you align with your highest self and live at your highest potential.

AfricaGoldJewelry.com Is Designed By Kadesh Carter

Triangle Clear Quartz Choker

Shop The Collection

$100 Wine Voucher From NakedWines.com

🍷A Special Gift From EarthyRealist.com
Sponsored by NakedWines.com

  1. Visit us.nakedwines.com/EMG2021C
  2. Register unique code (while supplies last)
  3. Get $100 off any case of wine priced $160 or more

First time customers and 21+ only.
Void where prohibited.

Delivery included.

Additional restrictions apply and vary by state, see complete details at us.nakedwines.com/terms.

  • Get A Free $200 Just For Watching Cooking Videos

    Inflation is at an all time high and many people are searching for ways to make a quick buck. InboxDollars is a website that will pay you to watch short video clips online. One minute you might watch a cookie commercial and the next you might get the latest updates on the US economy. All … Continue reading “Get A Free $200 Just For Watching Cooking Videos”

  • Here Is What You Can Do To Spend Less On Gas

    The escalating prices at the pump are causing a lot of angst, so I’m going to do that annoying thing that older folks do when someone younger is complaining about a hardship: Tell you that it isn’t as bad as you think. Back in the day, during the gas shortages and surging gas prices of the … Continue reading “Here Is What You Can Do To Spend Less On Gas”

  • Men’s Affiliate Program That Will Get You Paid

    Affiliate marketing is one of the most effective ways to make money blogging. Using affiliate links in your blog, email campaigns, and social media platforms can ensure you make a good profit. Ready to start monetizing? Join today and start earning with each referral:

  • Ukraine Flag – Fundraiser For Hope -All Proceeds Go To Ukraine

    Support the people of Ukraine by purchasing a flag to display solidarity. Proceeds will go to helping with food, shelter, diapers, and medical needs. Thank you for supporting the families who need you most at this time. Purchase a flag for yourself, family and friends. Keep hope alive. God Bless Ukraine.