In spite of all of the upsides of the blockchain
innovation and technology breakthroughs, there are still too many people who
can’t name even one case of blockchain technology applications.
This article is here to explain and let you know more
blockchain uses that are already implemented and functional today.
Believe it or not, there are so many applications that it is really hard to
count them as almost every industry can benefit from the technology.
Here are some of the examples of the use cases:
- Supply Chain Management.
- Digital Identity
- Transparent Voting
- Fundraising (ICOs)
- Fundraising – Security Token Offerings
- Connection and telecom
It would be
great to pause here and to talk about connection applications more as there are
some breakthrough technologies here and one of them is the IMpulse K1 Phone and the
blockchain protocol behind it called Voice-Over Blockchain Prototol or VoBP.
This phone is a KaratGold Coin-driven blockchain-based mobile phone featuring
lots and lots of cutting-edge solutions.
Voice Over Blockchain Protocol (VOBP) – one of the
main features of the IMpulse K1 Phone – allows users to communicate fully
encrypted. All data – documents, invoices, text and voice messages – are sent
peer-to-peer and end-to-end enciphered, thereby minimizing third-party
intervention. With IPFS platform data are getting saved and encrypted through
decentralized storage based on the blockchain technology. As a result, there’s
no need to stress over others checking your activities on the phone.
In addition, the device allows you to use multiple
phone numbers, without changing the SIM card. Say you use a work number in the
office, and personal one on the weekend, thereby getting rid of unnecessary
stress in your leisure time.
Apart from the above, the smartphone features a number
of services fuelled by KaratGold Coin (KBC), which is easily convertible
into physical gold and acceptable by those online-vendors who implement a
specially designed software. A piece of code named K-Merchant enables
one-click-payments for goods and services around the globe.
The idea of blockchain-focused handset already knows
several implementations, often much-touted: Samsung Galaxy S10, Exodus 1 by
HTC, Finney by Sirin Labs. Cursory browsing, though, shows that few of these
succeed at massive sales. Moreover, the teams admit that they previously
overestimated their products’ success, and now some of them are reportedly
taking to reduce staff.
Thus, Karat is the first company that really managed
to make and produce a real blockchain fueled phone – IMpulse K1 Phone. To read
more information check K1 Phone website.
Source: https://thebitcoinnews.com Read more here!