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5 Ways Blockchain Will Transform the Life of a Common Man

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With all of the media set ablaze with news of prices of cryptocurrencies, you may wonder how it affects a common man. Right at the heart of cryptocurrency and other digital currencies is Blockchain technology.

There are various industrial and administrative problems that technology can solve for the common man. Do you own a small business but often feel transparency is lacking because of traditional methods of communication? Have you ever ended up with higher than usual medical bills? As a business owner, is finding legitimate candidates a hassle for you? These problems affect entrepreneurs, startups, small businesses, individuals and Blockchain technology seeks to provide solutions to make the life of a common man much simpler through simplified solutions.

Banking

Banking in almost all countries is still very focused on paper-intensive transactions for any money transfer, recordkeeping or other back-end functions. Blockchain technology can replicate this in a digital format and create a decentralized ledger that allows not only the bankers but also the customers to access a single source of information. This system allows banks to eliminate chances of fraud as documentation and proof of ownership of assets can be checked digitally by bankers in the Blockchain ledger which can be accessed at any time in an unalterable format.

Identity theft is also a major problem in the banking sector, with citizens' information being stolen and used to open fraudulent accounts for illegal activities. According to the Federal Trade Commission's online database of complaints, there have been over 13 million complaints filed for card fraud and identity theft with 3 million of these complaints being filed in 2016 alone. Through a blockchain system, customers can directly view all accounts owned under their name and immediately notify their respective banks in case they spot any suspicious activity in their banking details. Some of the known examples include the IBM-backed Hyperledger Fabric project and the Utility Settlement Coin by UBS.

Healthcare

Blockchain technology can simplify healthcare in incredible ways and make medical data management much simpler. Making patient records widely accessible can allow research on drug development much more convenient, and it also reduces the implications of counterfeit drugs. Clinical trials and their outcomes can be made available in a decentralized network, allowing healthcare specialists and researchers to conduct research and find solutions to better healthcare. Accenture is one of the biggest companies that have started offering innovative healthcare solutions for the medical care sector for secure and fraud-free transactions.

Medicare frauds can also be brought down through blockchain billing management as the billing system can be fully automated without any scope of intermediaries committing fraudulent activities. With over 56 million people under Medicare as of 2017, over $1.3 billion has been ripped off the government through fraudulent activities by rehabilitation facilities and home health care services. Blockchain systems can effectively safeguard citizens who seek medical assistance from healthcare providers that overcharge for services offered through fraudulent billing practices. The centralized data not only help medical professionals in offering treatment based on the history of the patient and his/her family but it also eliminates the chances of a patient incorrectly recollecting past symptoms or disorders.

Public Records

One of the most important civic administration functions of a government is to record all information about its citizens. This includes information about individuals and businesses with regards to their assets and activities. Most of the recorded information is recorded in paper databases, making data management extremely difficult even in developed countries.

Blockchain-based systems like Ubitiquity can encode all public records in a digital ledger to keep the data on citizens from being altered for fraudulent activities. Identity theft is a problem that can be very difficult to deal with for the administration and digitizing all public information to make it tamper-proof can help prevent such instances of criminal activity.

Voting

One of the biggest limitations of the voting system in almost every country is that even today, voters need to be physically present at polling booths to cast their votes and can make things difficult for people who need to travel on poll days. More importantly, there are no means of verifying the poll results for the average citizen.

Blockchain development companies like Followmyvote are coming up with solutions that seek to make online voting a reality. It will allow citizens to view accurate information on poll standings and results and various other statistics publicly. It also leads to safer voting for citizens of countries in internal or external conflict and criminal activities to coerce citizens into voting for specific candidates can be completely avoided.

Business Hiring

Businesses of all sizes have a hard time finding the right staff. Through blockchain technology, it is possible for businesses to verify the credentials of all applicants through a digital database. Blockchain technology can be applied to create a decentralized database of professionals with verified qualifications in a secure ledger that businesses can refer to for hiring candidates. Learning Machine is a New-York based company that seeks to address this problem that focuses on recording verifiable information on workers.

Tax or employment-related frauds make up 34% of all identity theft as of 2016, and a blockchain system makes the hiring process for any business much more secure as a company would have access to valid candidates only, reducing the risk of hiring fraudulent employees. It also helps applicants by speeding up the hiring process and helping them to find jobs they are eligible for and have a hassle-free application process.

Use of blockchain technologies helps individuals and businesses alike, and it also protects personal information while making important data publicly visible. While blockchain has the best application in cryptocurrency, its use can spread to other sectors as well to provide meaningful solutions to citizens around the world.

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How To Choose An Android App Development Company

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Creating software for mobile devices is no easy task. The user interfaces as well as the programming languages differ from regular computing platforms and require expert knowledge to complete successfully. Luckily, a number of companies now exist to create applications solely for mobile devices. If you need help choosing the best Android app development company for you, this article may be able to help.

Before you outsource your programming work, you should find out whether or not your in-house programming team is able to complete this task. You may be able to save money by turning to in-house programmers if they are familiar with programming for mobile devices and do not have any other tasks to complete. Otherwise, you should seriously consider outsourcing the work.There are many mobile software development companies to choose from today, and this can make it very difficult to figure out who is right for you. 

However, you can easily whittle down your list of options by setting a budget and using it to guide your decision. You may find that some companies charge prices that you simply cannot afford.If you own a phone that uses the Android operating system, you can go through your apps and figure out which ones you feel work the best and offer the highest level of user-friendliness. You can then find out who created that software and contact those companies to see if they are able to take on your project and provide you with a quote. 

You can also ask other companies that have had software created for them for referrals.You should also be able to find listings of companies online that create software for this platform. This is a great starting point if you have no idea of who you may want to hire. Many sites will provide you with links to these companies’ official websites, so you can check out their work and figure out who might be right for you.Once you have an idea of who might be right for the job, you should ask them to create proposals or sales pitches to help you figure out who can help you realize your vision. Many companies will be more than happy to create a proposal and show you what the software may look like and what features and functions it may include. 

They will also take your suggestions during the pitches and tell you how they might change their ideas based upon your input.You should never hire a company until you have had several meetings with them. It is important to know how easy it is to communicate with these professionals and how they interpret your needs. This is the only way to ensure that you are hiring a team that is capable of creating the software you require.

When selecting an Android development company, you may want to choose a well-established company over a very new company with a limited portfolio. Established companies will have more experience in dealing with clients and meeting their needs. However, a newer team may be able to complete the work at a lower price, which may be ideal if you are on a very tight budget.If you want to find out more about android app development company, make sure to check out our website. You might also be interested in our expert services on the windows mobile field.