Walt Disney and PayPal were amongst the first two companies to adopt blockchain technology in 2014. However, the scenario has completely changed now. Technology has revolutionized countless industries.
While it originated primarily for the secure transaction of cryptocurrencies, companies are now using blockchain for various operations. From recruitment and food safety to education, supply chain and real estate, you will find its use case in multiple companies.
Recording and validating data is one of the biggest challenges in every industry, and that’s something blockchain is here to resolve!
This blog will walk you through 5 major industries using blockchain and how companies are leveraging the technology. Dive in!
From verifying the credentials and data of the candidate to quick onboarding procedures, blockchain is streamlining the recruitment process big time. Have a look!
Notchup is your all-in-one platform to screen resumes, conduct interviews and assessments, and hire and onboard candidates. How you might wonder. The platform taps the power of blockchain to store candidate data securely.
With its smart AI algorithm, recruiters like you can find candidates that meet your requirements perfectly. Moreover, once you hire the candidate, you can also manage their payroll, assign tasks, and conduct other onboarding activities – all in one place. Check out how Notchup can simplify your hiring process!
Background checks are among the most complicated factors in the entire recruitment process. Zinc uses the power of blockchain technology to validate resumes and employee information.
The platform cross-checks the data provided by a candidate you may want to hire with the existing records. These are databases stored by the government and previous employers. Through this feature, recruiters and HR managers like yourself can rest assured of the candidate’s background.
Blockchain is transforming the way content creators and publishers are managing and securing their content. From preventing piracy to enhancing security, this technology is fueling advancement in the industry.
It is a non-profit organization working towards eliminating the gap between original music creators and consumers. The platform is utilizing blockchain technology to store music on a decentralized system.
This enables the creators to gain recognition for their work while also saving them from piracy. Moreover, the musicians will also be paid without any intermediaries.
Especially created for photographers, this platform uses blockchain technology to secure their work. Individuals can upload their images on a decentralized system that is locked by a fingerprint.
From there, they can share their work with others and also prevent piracy or copywriting fraud.
The education industry is gaining data security benefits through blockchain. This decentralized system is like a database of factually-correct records of students that educational institutions can trust.
The company created a blockchain platform for schools and universities to record crucial student data in a ledger. Doing this will prevent an individual from corrupting the original records.
Moreover, it will make information like grades, achievements and transcripts available to the other institutions a student applies to.
It is another similar blockchain platform that enables the creation and storage of important student information on a decentralized ledger. A student can invite the respective issuers to issue the official records.
Once received, the platform will verify them and store them forever. The individual can now share the verified credentials with other institutions or companies for future career opportunities.
The use of blockchain in the food industry might sound amusing, but it’s the truth. An unorganized food supply chain or preparation can lead to various illnesses caused as a result of stale or unhygienic food.
Quite true to its name, Transparent Path helps managers track the supplier-to-distributor process in real-time. The software is packed with features that help restaurant owners ensure food safety.
With the app, they can track the origin point of the food stored on the blockchain.
It’s a blockchain food solution that allows companies to ensure food freshness. From temperature data to tests and certificates, the technology lets vendors track the food’s journey from the farm to the shop.
This helps them make sure that every item they receive meets the food storage and handling guidelines.
So far there are 400+ blockchain games in the world and this number is on the rise. Companies are creating games that let players exchange items by conducting NFT and crypto transactions. These include player skin and costume, points, and other gaming elements.
As its name denotes, Decentraland is a decentralized gaming platform. It allows gamers to trade digital assets through the Ethereum blockchain.
Apart from that, users can also decide how their characters interact with the other characters in the game.
Similar to Decentraland, The Sandbox is a metaverse. It lets members purchase a piece of land in the game, with which the gamers can do anything they want. They can create, buy and sell digital assets via NFTs or cryptocurrencies.
While blockchain came into place for crypto transactions, its use has expanded tremendously over the years. Apart from the 5 major industries mentioned above, technology is revolutionizing industries like healthcare, travel, real estate, and pharmaceuticals among others.
Although the core use of blockchain is to store data in a decentralized ledger, it is of immense importance for every industry. The use of this incredible technology prevents fraud and piracy while streamlining background verification and validation of credentials.
Check out how Notchup is leveraging blockchain technology to bridge the gap between vetted candidates and recruiters from countries located across the globe!
