The Blockchain And Its Implementation in Various Sectors

Blockchain started to be known as a future technology which can replace technologies that are currently used by companies and government agencies. Its similar tissue and the nature of desentralisasinya called has a lot of advantages if implemented. In the event BlockBali 2017 organised by Blackarrow Conferences, blockchain and bitcoin becomes the main topic, including its implementation in several sectors.

Chief Scientist CyberMiles Dr Michael Yuan, in his presentation explained that the blockchain is very potential to be used for the e-commerce industry. One of the benefits of the biggest there is on better security, collaboration is easy and other advantages associated with the decentralized system. For security, a decentralized system is considered to be very efficient because of the cyber attacker will have difficulty knock out system blockchain-shaped network. At least more difficult than to knock out one single server centralized.

Yuan also explained that the blockchain also bring efficiency and advantage such as to facilitate identity management and also helps provide the tracking system and the authenticity of the product, because it's all stored in the blockchain and sync to the network blockchain. These solutions were judged to be passionate about the business and technology of e-commerce.

Meanwhile Expert the Nxt Blockchain Foundation Roberto Capodieci explained that the blockchain will bring in the future due to the transparency and cost reduction which is quite significant.

“The Blockchain will generate a substantial increase in transparency, speed, and functionality as well as reduce the cost of records management personal and the public,” said Roberto.

The utilization of more

Almost all the speakers in the conference BlockBali 2017 explained that blockchain with a system desentralisasinya is an ideal technology to replace the technology-the technology that currently exists. They present with an example implementation of the blockchain that is diverse and innovative.

CEO Decent Matej Michalko for example explained that the blockchain could be the cornerstone of building a content distribution platform. Piracy and the difficulties of distribution can be solved by the system of the blockchain marks the content-the content is there. It is expected that with the system blockhain creators easily sell and distribute the content and the audience of the content can easily find and purchase content-the content is there.

MiCai, which was introduced by CEO Gregory Van den Bergh, develop the technology of AI (Artificial Intelligence) for private wealth management protocol built on top of system of the blockchain.

Other solutions introduced Datum, a startup that provides global data exchangeuntuk turn data into a commodity that can be traded. There is also a Singapore-based startup Eximchain that introduce the blockchain technology to help remodel the supply chain system with the blockchain.