All About Blockchain Use Cases

Practical applications of the blockchain as a database and as a platform, the detailed explanation of both categories as well as their benefits

Finrazor guide dedicated to blockchain is continued by an overview of the blockchain technology and how it can be used considering two main application areas database and platform.

Blockchains brought about a new way of recording and storing information. While their applications are countless, there are two major categories of their use cases: as a database and as a platform.

As a database

As a database, blockchain presents a new approach to identity. Unlike traditional databases, blockchains do not require permissions associated with accounts. Instead, blockchains use a much more sophisticated, yet simple in its principle, technology of cryptographic keys. If you have the key, you own the asset. You do not need any kind of authorization. With blockchains, we can create systems of digital identities without sharing little if any personal information.

Blockchains can change how we establish ownership of an asset by introducing a concept of smart assets. Blockchains will allow us to attach a digital token to a physical real-world object, such as your car or house. This technology can be used to trace supply chains, to secure rights to intellectual properties, and to detect frauds.

As a shared database, blockchains can improve communication and interaction between organizations, such as banks, international companies, and even governments. Blockchains will help two parties to share information without the involvement of a third-party mediator. The parties rely on technology, and the technology has no bias.

Distributed ledger technologies (DLT) can also revolutionize accounting and audit trails as they offer an automated way of recording data. DLT-based systems eliminate human factor by keeping the true history of records. This can be put to use in healthcare, finance, and business to fight fraud and corruption.

As a platform

Today in the age of highly advanced technologies we still use paper contracts to make important agreements and transactions. But this can change with the introduction of smart-contract platforms. Powered by blockchains, smart-contract systems can fully automate the way we deal business with others. With their help, we will be able to establish strong digital relationships.

Smart-contract platforms offer us a means of expressing business logic in code. This ensures that contracts are not subject to subjective interpretation and reduce the surface for loopholes and fraud.

Realized to their full potential, smart-contract systems will grow into decentralized autonomous organizations. This may sound futuristic but there are many ideas being proposed about automating structural departments or even entire governments. Distributed control over information and decentralized consensus systems have the potential to bring people closer to an absolutely democratic governance.

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WEOWN Update | BlockchainBrad | Next Gen. Digital Investment Platform | STO | Blockchain Securities

Blockchain Brad offers a free & exclusive Oct '19 update with Sascha Ragtschaa about the Next Gen. WEOWN Investment Platform for blockchain-based, digital tokenised assets. With the release of their first STO, WEOWN are now starting to show what their platform can really do! Their technology enables businesses, especially SMEs, to create digital ‘tokens’, which investors can own. Companies can digitise assets via a new technological means & because these assets are digital, investors can choose to purchase what they see fit and according to their budget. Investing according to our OWN terms. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Links: Website: https://weown.com/ Twitter: https://t.me/OwnMarket Medium: https://medium.com/ownmarket Telegram: https://t.me/OwnMarket ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Timestamps: 00:58 About  WeOwn’s concept of digital assets & investment platform 05:15 Do you feel like you have the resources required to provide the key information to the parties that are trying to engage with your services? 06:05 About the key assets that WeOwn brings 08:27 About the foundation focus 09:55 About “equity without entry barriers” 11:29 How confident are you now that there is going to be a more flow and proof of STOs coming on board? 13:13 About the key assets of the eco. 14:23 About the proof of use, adoption, enterprise, value, quality 17:51 About convincing business and enterprises of the value of crypto and blockchain 20:28 About being tech focused 24:18 About utility tokens and security tokens 26:15 About regulations & compliance 30:13 About working with governments 33:55 About decentralized tokens 36:43 About pushing back the STO plans: Clarification 42:17 About the WEOWN DSX 43:45 About partnership and developments 50:07 About WeOwn’s first STO: Crowd, the recruitment platform 52:54 About payments to contractors in the token. Direct question 55:02 About liquidity and its value 55:55 What are your plans to expand to other exchanges? 01:01:00 About the volatility of the space 01:06:36 About the expansion of WeOwn’s ecosystem 01:07:33 About market making 01:09:10 About treasury/token conversion system (Client to Team) 01:11:45 About staking 01:12:49 About the selection process 01:14:52 About future partnerships 01:17:45 About the value and need for time 01:20:47 About rebranding 01:23:25 About funding 01:25:40 About the magnitude of WeOwn 01:26:47 What’s your view on the STO space? ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ►Join The BCB Tele https://t.me/BlockchainBradCommunity ► Follow on twitter: https://twitter.com/Brad_Laurie ► Join BlockVera on twitter: @BlockVera ► Check out BlockVera on youtube: https://www.youtube.com/watch?v=Af4pD... ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Every company or investor that registers for the WEOWN platform is given a unique login, which takes you to a dashboard, where you can create or invest in offers. You will also gain access to all of WEOWN's management and engagement tools, to channel all communications and activities through a single, online portal. WEOWN's digital platform is built on a bespoke blockchain, which ensures that all transactions are secure, quick and reliable. It also enables them to be highly scalable, so that quality of service is never compromised as more people start using us to fundraise. By building their own blockchain, the WEOWN team know it can function exactly as intended: to enable speedy, secure transaction processing, and scalability as WEOWN's user base grows. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● PAYMENT/DONATION DISCLOSURE: This interview was entirely, 100% free in every way, not tokens, no under the table deals. I have done several free videos with WEOWN because I believe in them. I believe that sponsored content is not a problem if disclosed openly to the community. This is not Financial Advice. Please #DYOR ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● INVESTMENT DISCLOSURE: I have invested in CHX & yes, I still hold. This is not Financial Advice, but I really believe in this project. #DYOR always. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● #digitalinvestment #WEOWN #CHX #BlockchainBrad #OWNplatform #OWNinvestment #OWN #hodl #STO #CHX
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8Pay Sponsors DeFi Project of the Year 2019 Award at Europe’s Largest Blockchain Conference

Coinspeaker 8Pay Sponsors DeFi Project of the Year 2019 Award at Europe’s Largest Blockchain Conference8Pay, an automated payment solution built on the Ethereum network, will sponsor the DeFi Project of the Year Award at the forthcoming Malta AI & Blockchain Summit.Europe’s largest blockchain conference will host creative minds from the industry and recognise the year’s milestones and achievements on 7 November at Malta’s Intercontinental Hotel. As well as luminaries from the world of blockchain, the biennial event will bring together figures from sectors such as robotics, Internet of Things (IoT) and artificial intelligence, with a busy programme of conferences, workshops and networking events also taking place over two days.Co-founder and CEO of 8Pay, Benedetto Salanitro, explained his happiness at sponsoring the DeFi Project of the Year Award, saying, “Decentralized finance is an incredibly worthy attempt to build a new and innovative financial system that works for everyone, with a high degree of transparency. Each of the projects shortlisted for the award has made great strides in realizing this goal, and we’re delighted that 8Pay can sponsor it. From P2P lending protocols to emerging decentralized banks, the space is thriving – and this is only the beginning.”Decentralized finance (defi), built around smart contracts and crypto protocols that provide open access to financial products, has evolved into a burgeoning industry. The award at the Malta AI & Blockchain Summit will be handed to the defi project that’s provided the greatest contribution to simplifying the money-sending process. The 2019 nominees are Sologenic, Simply VC and MakerDAO, all of which have been busy leveraging decentralized networks to transform old financial products into trustless, transparent protocols.Ventures that fall under the decentralized or open finance umbrella aim to create a new financial system based on public ledgers that is globally accessible and transparent. Defi projects focus span such verticals as derivatives, insurance, lending, prediction markets and other offshoots of the finance sector. Novel new products are already starting to ship, with the collective goal of overhauling traditional financial services and bypassing much of the banking sector, with its gatekeepers and intermediaries.8Pay is a decentralized payment solution that facilitates automated crypto payments. Underpinned by smart contracts architecture, 8Pay enables stablecoins and all the ERC-20 tokens to be used in everyday life to pay for goods and services.8Pay Sponsors DeFi Project of the Year 2019 Award at Europe’s Largest Blockchain Conference
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