Many forget that the technology block is not exhausted only by launching new coins or tokens. Moreover, many still do not even realize the significant difference between the crypto currency and the blockbuster.

So, the crypto-currencies and technology of blockchain, of course, are interrelated, but this is by no means the same thing. blockchain, or in other words, the technology of hashing data arrays in private virtual networks, is a basic technology, on the basis of which it is possible to implement a variety of technical solutions. With its help, there is the ability to encrypt any transaction on the network, bind transactions to a certain business condition, for example, under a supply contract, the inability to change data in the chain of blockchain, and most importantly, it is the ability to make or fail to fulfill a condition publicly .

Therefore, such wide opportunities, which are concluded in the technologies of blockchain, attract business from various fields. And this article will be considered blockchain precisely through the prism of the applicability of these technologies in the work of various businesses.

Business systems on the blockchain

The main sphere of the traditional business, where now the most active developments are on the blockchain - building systems to accelerate the implementation of payments and money transfers. The most famous project that works in this area is Ripple. This company has developed and is further improving the platform for the operation of various payment systems, which are focused on transactions related to the exchange of currencies. Its feature is the work on the so-called. consensus registry.

blockchain is used already in the organization of trading of certain assets. For example, one of the largest exchanges of Nasdaq used blockchain technologies on the stock market.

It is rather promising to organize corporate document circulation on a detachment. A large Russian bank, Sberbank, has already launched its own project, which translates their workflow into a decentralized data storage and exchange system.

In addition, it should be noted that the blockchain system has a number of quite interesting implementations in other existing IT systems. For example, some CRM business systems, in which there is a functional for building interaction with various counterparties, make it possible to simplify many algorithms for making payments, if you translate them into a block system.

At the same time, many controversial issues that relate to payments are being resolved at the technical level. Various ERP-systems, as well as WMS-systems built using distributed databases, make it possible to fully automate the implementation of settlements with corporate counterparties.

Thus, the technology blockchain makes it possible to simplify a lot of the current operations of traditional business by offering sufficiently elegant and simple solutions that serve to implement and monitor a huge number of different transactions on multiple platforms.

Business on cloud data storage

The vulnerability of existing cloud storage systems, such as Dropbox or Google Drive, is that all data is centrally located, and hence the increased risks of hacking by criminals or damage due to technical problems of the equipment.

The same technologies as blockchain, make it possible to store data in the so-called. P2P networks, that is, copies are stored by a number of network members. And thanks to the presence of multiple copies in a variety of network nodes, make the system much safer. Encrypted data is sent to a network that contains certain metadata, which makes it possible to track all actions with files. In addition, such systems reduce the cost of data storage. Work on such systems is carried out by such projects as Datacoin or Storj.

Acceleration of international trade

When the legal systems of most of the majority of states are determined with the status of a blockchain, the mass application of these technologies will begin by companies that conduct international trade in various goods, giving them the opportunity to shorten the time limits for concluding rather complex international transactions.

And despite the uncertain legal status of the new technology, the first examples of the use of blockchain in international trade already exist. For example, the very first transaction on the blockchain was the transaction between the companies Ornua and Seychelles Trading Company, concluded with the support of Barclay's. The most important thing in it was that its implementation took only a couple of hours, usually it took at least ten days.

Second Breath for CrowdFunding

If we talk about sectors in which there is already a growth in the geometric progression of projects that work on the blockchain, then, of course, it is attraction of investments in the crowdedging system. Involvement of investments in the process of the so-called. ICO gives a multiple increase in the rate of collection of necessary funds.

It is thanks to the convenience of this technology, as well as due to the huge pace of popularization of everything connected with crypto-currencies, that the tendency towards a decrease in the efficiency of raising funds through the traditional procedure of crowdfinding is now broken. Thanks to ICO, at the moment, it is possible to attract capital to almost any business area.

There is still a large number of spheres of traditional business, where the detachment already finds its application and there are projects that are developing in this direction. For example, the registration and verification of various data, the automation of network security systems, using smart contracts, the development of systems for anonymous voting, solutions for the electricity market, with the automatic conclusion and implementation of contracts for purchase / sale, registration in the notary of the notary and much more .

The prospects for technology based on the blockchain are enormous and only the start of business on its basis. But so far, the "gaps" in the regulatory legislation of most countries are very significant deterrents, since formal law simply does not keep up with the technical progress, an acute shortage of specialists in this field and a number of fundamental, as yet unresolved technical problems that are typical of most "young "technology.