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What are the application scenarios of the blockchain in the future?

The blockchain has been hot for several years, and the industrial blockchain is considered to be the greatest value of the blockchain, but in which areas will the blockchain work? How does it work?

Today, let’s talk about the three major application scenarios of blockchain technology.

Confirmation, Authorization, Rights Protection

It is not difficult to find that the era of micro-copyright has arrived. In the past, copyright was a book, a movie, or a song; now, copyright can be a short video, or an article on a public account. However, in the era of microcopyright, it is not easy for creators to protect their rights. Before creators can confirm their rights, the content may be plagiarized.

According to iResearch, the economic losses caused by pirated online literature alone amount to RMB 8 billion per year.

The blockchain truly activates the entire chain of the copyright industry . The value of blockchain technology in the copyright industry is divided into three parts: confirmation, authorization and rights protection.

In terms of right confirmation, an application software can be developed on the blockchain. According to the identity signature and time stamp, it can even allow the creator to save every sentence he writes, and issue a certificate every time he saves it.

At the copyright level, after the work is registered online, the right holder can directly mark the price, display it on the platform, build a bridge between supply and demand, and promote the faster realization of copyright. The real value of the blockchain is to realize the assetization of digital resources such as copyright, which can be traded at low cost.

At the level of rights protection, the most difficult thing in rights protection is to obtain evidence. It is precisely the unchangeable characteristics of blockchain technology that can quickly fix infringement evidence. For example, in the past, in order to save the evidence of plagiarism of the novel, the original author of the online novel needed to print out all the webpages showing the plagiarized content, which was very time-consuming and energy-consuming. Blockchain is much easier, and the content on the chain is clear at a glance.

Commodity traceability and anti-counterfeiting “Sword of Damocles”

Copyright is a purely digital product, and commodities are physical objects. Blockchain can ensure that digital information is credible and cannot be tampered with. How can offline objects be mapped to the Internet?

Traceability refers to the tracking records of the production, processing, transportation, circulation, retail and other links of agricultural products, industrial products and other commodities. Its value is that if an epidemic breaks out in a certain place, the source of infection or pollution can be quickly identified through the traceability system, thereby controlling the source of transmission.

But the problem is that under the information island model, the upstream and downstream participants of the traceability chain maintain a separate ledger, and the participants in any link may tamper with it for profit, and the cost of counterfeiting is low.

Technologies such as blockchain immutability and distributed storage provide solutions for the lack of trust in the traceability industry, while openness and transparency provide a transparent mechanism for information flow, logistics and capital flow.

It needs to be mentioned here that the product traceability and anti-counterfeiting process includes information collection and storage. In fact, the blockchain only provides a decentralized and immutable accounting method, which solves the important “trust” problem at the storage level. In order to solve the problems of fraud and outsourcing in the information collection stage, government agencies and third-party agencies generally tend to be included for supervision, and information and commodities can also be combined into one.

However, after using blockchain technology, once the fake data is put on the chain, it also means that the fake data cannot be changed. The cost of counterfeiting is greatly increased.

Blockchain is essentially collaborative control, it solves not a single subject problem, but a multi subject problem.

Privacy protection, solutions for big data transactions

Blockchain technology can also bring convenience to big data transactions.

The reason for data exchange is well understood. Data can be used to analyze user groups, conduct precise marketing, and even train artificial intelligence. It can bring infinite possibilities for enterprises to deepen application scenarios. However, digital assets are the core competitive barriers of enterprises and lack motivation. The operation also involves user privacy, and both buyers and sellers have to bear great regulatory risks.

On the one hand, the potential of big data is unlimited, and on the other hand, there is a lot of resistance to exchange. Blockchain may be a solution.

Big data includes relevant links such as confirmation, opening, and circulation of data resources. If the isolation verification technology of the blockchain can be used, the data that can be sold legally can be isolated and verified, and the data can be encrypted. On the one hand, it can protect the legitimate use of the data demander and maximize the protection of user privacy. On the other hand, using the blockchain data traceability function can confirm data ownership and circulation channels, provide evidence for infringement complaints, provide a more credible big data environment, and improve the willingness of data owners to share.

Epilogue

Looking forward to the future, blockchain technology will exert greater potential and create greater value in the future, let us wait and see.

Regarding blockchain technology, which field do you think will take the lead: intellectual property, product traceability, or privacy protection? Welcome to leave a message at the end of the article.