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Blockchain opportunities are growing

11/29/2018
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  • Amazon_Blockchain
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The world's attention is riveted on the blockchain as a financial technology that can compete with fiat money. However, its capabilities are much broader, as evidenced by the latest news from the United States and South Korea.

Amazon New

Amazon launches a service that will allow each company to create its own database on the blockchain with minimal effort. The Amazon Managed Blockchain platform began operation in November 2018, but is still in test mode.

Here, through a cloud-based application, you can store business information and maintain databases with a huge number of parameters. Since the decision is based on the blockchain, the two most important rules are followed, namely, security and openness. The information is accessible to the user, however, they cannot be carried to it by adjustments without the consent of the owner.

The technology allows you to integrate with the existing network, Amazon Web Services (AWS). This solution allows you to provide quick access to a large number of users in the shortest period of time.

Blockchain and Elections

In the coming years, elections in South Korea will pass through the blockchain system. This was stated in the Ministry of Science and IT technologies of the country. Here, together with the electoral commission, a new voting program is being tested.

Every citizen will be able to express their will through a computer or mobile phone. And the new technology has another advantage - it will allow real-time tracking of the distribution of votes. Similar mechanisms have already been applied in the elections in Catalonia, where they showed themselves from the best side.

Of course, the blockchain in the financial sector turned out to be the most popular. However, as it develops, new applications are emerging. And we still do not even know how far progress in the field of information technology can go.

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