How Tech Is Changing Everyday Lives

The blockchain is a revolutionary piece of technology, but a key factor to its growth is its use in practice. While many know it for its use with cryptocurrencies, there are other ways the blockchain can integrate with everyday life.

While blockchain technology can seem complicated at first, the core principle is quite simple. A blockchain is a type of database. It is a collection of information stored on an electronic server.

The structure of a blockchain is what makes it unique. The blockchain collects data in groups called blocks. When these blocks are filled, they are chained to previously filled blocks forming a blockchain.

The unique feature, however, lies in how blockchains manage their timelines. Once a block fills with data it is set in stone and this timeline is irreversible. This is due to the decentralized nature of the blockchain and it’s an attribute that lends transparency and security to the technology.

This ability has captured innovators who are using it to enhance various fields. From medicine to education, blockchain technology is helping improve outcomes and change strategies.

Blockchain changing the IVF process in China

Maintaining secure and efficient patient data is one of the proven use cases for the blockchain.

This enables doctors, researchers, and pharmacists to access securely stored records electronically. Furthermore, the scalability and size of blockchain ledgers mean that they can facilitate the management of extensive medical records while maintaining privacy and regulatory standards.

One example of this in practice is in China through the partnership of VeChain and DNV. The two have teamed up to enable Renji Hospital to launch the world’s first blockchain-based in vitro fertilization (IVF) service app.

The IVF process is an inherently emotional and physically draining journey for many families across the globe. 

The Assisted Reproductive Service Center in Renji Hospital alone treats about 400,000 outpatients a year. That’s almost half a million women and families each year that go through the IVF process.

The journey is often stressful and synonymous with anxiety and depression. The hope is that using blockchain technology, some of these issues can be alleviated.

MyBaby will be the world’s first blockchain-based IVF service application. With this app, improving data management and providing families with the ability to see the development of their baby clearly, easing some of the pressures of the process.

Due to the immutable nature of blockchain technology, all the information, from imagery produced by medical tools to the delivery of the zygote itself, will be securely uploaded on the VeChainThor blockchain. It will only be available to the authorized users for the MyBaby App.

The project aims to provide all of this while also offering additional security by reducing the number of intermediaries between the production and delivery of the data.

Broadening education in Ethiopia

In Ethiopia, the blockchain is helping improve outcomes for students. Cardano’s recent launch shows how they’re becoming involved in education in the region.

Founded by one of the original Ethereum co-founders, Charles Hoskinson, Cardano might be similar to Ethereum, but it distinguishes itself through a commitment to peer-reviewed academic research.

In April it announced a partnership with the Ethiopian government that would give it a platform to demonstrate and prove the practical applications of blockchain technology, namely their Cardano network. 

The Ethiopian government signed a deal to create a national database of student and teacher identifications (IDs) using a decentralized digital identity solution.

The deal involves providing 5 million student IDs across 3,500 schools. The IDs will be used to store educational records for all these students, something that has never been possible in Ethiopia before now.

Hoskinson believes that this deal will go beyond maintaining student records. He feels the technology put in place now will benefit students across Ethiopia for years to come.

“When these millions of students graduate, as they go into the economy, eventually this infrastructure can be used for buying property, for payments, for voting and all other matters of their economic life,” he says. 

Through this system, students won’t have to rely on their final grades to get into university. This will take a holistic approach to view their abilities. It aims to give them a better chance at success.  

Fighting depression in the United States

Mental health is a difficult area of medicine. Dealing with mental health has only picked up mainstream acceptance over the last few years. 

As a result, FiveBalanceUSA is attempting to use blockchain-mined coins to help with depression and anxiety management.

It’s estimated that 26% of adults in the U.S. are diagnosed with a mental health disorder each year.

Depression and other mental health issues are a complicated interaction of social, psychological, and biological factors. However, personal efforts, guidance, and preventative techniques can help manage these conditions.

The app’s self-improvement model is unique in that not only does it intend to serve people dealing with depression, but it wants to reward them. 

The app rewards goals with the FBN cryptocurrency. Users receive them as a result of achieving a personal customized goal. The goals span across five categories: Fit, Financial, Family, Flair, and Faith.

However, while the users earn this coin to their wallets, their information is not kept on a public blockchain. 

As such, the rewards mechanism aims to incentivize those with mental health issues to keep up healthy habits which are one part of treatment and management of issues like anxiety and depression.

Innovating into the future

While blockchain was relegated to the world of cryptocurrencies for a long time, this is no longer the case. These projects are just scratching the surface of blockchains’ future use cases.

Disclaimer


All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Leave a Reply

Your email address will not be published. Required fields are marked *

bitcoin
Bitcoin (BTC) $ 36,211.00 3.10%
ethereum
Ethereum (ETH) $ 2,421.84 0.81%
tether
Tether (USDT) $ 1.00 0.28%
polkadot
Polkadot (DOT) $ 21.03 1.16%
cardano
Cardano (ADA) $ 1.49 2.23%
binance-coin
Binance Coin (BNB) $ 348.25 2.50%
xrp
XRP (XRP) $ 0.842694 1.97%
litecoin
Litecoin (LTC) $ 163.18 0.98%
chainlink
Chainlink (LINK) $ 22.11 0.74%
bitcoin-cash
Bitcoin Cash (BCH) $ 587.30 0.15%
stellar
Stellar (XLM) $ 0.337078 3.77%
usd-coin
USD Coin (USDC) $ 1.01 0.56%
dogecoin
Dogecoin (DOGE) $ 0.316638 2.45%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 36,234.00 3.00%
uniswap
Uniswap (UNI) $ 21.85 1.58%
aave
Aave (AAVE) $ 286.42 1.90%
cosmos
Cosmos (ATOM) $ 12.04 0.76%
monero
Monero (XMR) $ 249.48 0.73%
eos
EOS (EOS) $ 4.87 3.56%
bitcoin-sv
Bitcoin SV (BSV) $ 162.13 2.27%
tron
TRON (TRX) $ 0.068877 2.25%
nem
NEM (XEM) $ 0.161101 5.21%
iota
IOTA (MIOTA) $ 1.03 3.22%
vechain
VeChain (VET) $ 0.107517 0.53%
tezos
Tezos (XTZ) $ 3.20 0.67%
theta-token
Theta Network (THETA) $ 7.77 3.93%
havven
Synthetix Network Token (SNX) $ 8.58 4.17%
avalanche-2
Avalanche (AVAX) $ 13.69 1.15%
neo
NEO (NEO) $ 46.84 4.02%
terra-luna
Terra (LUNA) $ 5.82 1.92%
dash
Dash (DASH) $ 163.93 3.68%
huobi-token
Huobi Token (HT) $ 13.36 2.75%
okb
OKB (OKB) $ 13.30 4.58%
elrond-erd-2
Elrond (EGLD) $ 80.21 3.62%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.114356 4.12%
the-graph
The Graph (GRT) $ 0.616068 2.15%
compound-ether
cETH (CETH) $ 48.54 1.21%
solana
Solana (SOL) $ 37.09 1.17%
maker
Maker (MKR) $ 3,007.12 0.82%
filecoin
Filecoin (FIL) $ 70.60 2.22%
cdai
cDAI (CDAI) $ 0.021669 0.84%
dai
Dai (DAI) $ 1.00 0.30%
ftx-token
FTX Token (FTT) $ 31.19 2.51%
celsius-degree-token
Celsius Network (CEL) $ 7.01 0.17%
sushi
Sushi (SUSHI) $ 8.35 4.27%
kusama
Kusama (KSM) $ 400.45 5.24%
compound-governance-token
Compound (COMP) $ 304.90 2.42%
zcash
Zcash (ZEC) $ 128.01 0.13%
ethereum-classic
Ethereum Classic (ETC) $ 56.01 2.93%
decred
Decred (DCR) $ 132.69 5.23%
binance-usd
Binance USD (BUSD) $ 1.00 0.20%
compound-usd-coin
cUSDC (CUSDC) $ 0.022237 0.93%
zilliqa
Zilliqa (ZIL) $ 0.102346 3.56%
uma
UMA (UMA) $ 11.57 0.24%
yearn-finance
yearn.finance (YFI) $ 36,974.00 1.85%
leo-token
LEO Token (LEO) $ 2.44 1.44%
pancakeswap-token
PancakeSwap (CAKE) $ 15.99 4.01%
waves
Waves (WAVES) $ 14.87 1.85%
near
Near (NEAR) $ 2.98 4.23%
amp-token
Amp (AMP) $ 0.059870 8.05%
0x
0x (ZRX) $ 0.871052 1.83%
huobi-btc
Huobi BTC (HBTC) $ 35,992.00 3.82%
algorand
Algorand (ALGO) $ 0.987908 2.31%
digibyte
DigiByte (DGB) $ 0.054236 7.98%
icon
ICON (ICX) $ 0.914340 0.28%
hedera-hashgraph
Hedera Hashgraph (HBAR) $ 0.192914 4.78%
nexo
NEXO (NEXO) $ 1.91 5.57%
xsushi
xSUSHI (XSUSHI) $ 9.63 4.21%
ethos
Voyager Token (VGX) $ 2.25 3.81%
loopring
Loopring (LRC) $ 0.297374 1.23%
thorchain
THORChain (RUNE) $ 7.24 2.71%
ontology
Ontology (ONT) $ 0.905244 5.70%
renbtc
renBTC (RENBTC) $ 36,065.00 3.53%
nano
Nano (NANO) $ 6.25 2.76%
basic-attention-token
Basic Attention Token (BAT) $ 0.631241 5.28%
omisego
OMG Network (OMG) $ 4.76 2.77%
republic-protocol
REN (REN) $ 0.412195 6.32%
zencash
Horizen (ZEN) $ 82.51 1.84%
bittorrent-2
BitTorrent (BTT) $ 0.003452 2.97%
swissborg
SwissBorg (CHSB) $ 0.660404 4.48%
ravencoin
Ravencoin (RVN) $ 0.072158 3.77%
iostoken
IOST (IOST) $ 0.026947 6.28%
qtum
Qtum (QTUM) $ 8.68 6.10%
paxos-standard
Paxos Standard (PAX) $ 1.00 0.34%
venus
Venus (XVS) $ 22.91 3.57%
blockstack
Stacks (STX) $ 0.853932 5.68%
matic-network
Polygon (MATIC) $ 1.38 6.01%
curve-dao-token
Curve DAO Token (CRV) $ 2.13 3.07%
siacoin
Siacoin (SC) $ 0.015350 2.37%
quant-network
Quant (QNT) $ 54.23 7.30%
bancor
Bancor Network Token (BNT) $ 3.82 1.03%
reserve-rights-token
Reserve Rights Token (RSR) $ 0.027839 7.40%
fantom
Fantom (FTM) $ 0.245177 7.04%
mdex
Mdex (MDX) $ 1.96 2.92%
enjincoin
Enjin Coin (ENJ) $ 1.25 6.87%
energy-web-token
Energy Web Token (EWT) $ 7.56 1.18%
lisk
Lisk (LSK) $ 2.79 6.50%
ampleforth
Ampleforth (AMPL) $ 0.841735 1.55%
balancer
Balancer (BAL) $ 23.01 2.10%
terrausd
TerraUSD (UST) $ 1.00 0.35%
ocean-protocol
Ocean Protocol (OCEAN) $ 0.488573 5.92%
husd
HUSD (HUSD) $ 1.00 0.11%
nxm
Nexus Mutual (NXM) $ 92.38 0.56%
1inch
1inch (1INCH) $ 2.79 0.71%
bitcoin-gold
Bitcoin Gold (BTG) $ 57.74 8.87%
kyber-network
Kyber Network Crystal Legacy (KNCL) $ 1.70 3.65%
verge
Verge (XVG) $ 0.026660 3.67%
decentraland
Decentraland (MANA) $ 0.674515 4.64%
alpha-finance
Alpha Finance (ALPHA) $ 0.593315 2.33%
flow
Flow (FLOW) $ 11.98 7.55%
band-protocol
Band Protocol (BAND) $ 6.65 0.97%
status
Status (SNT) $ 0.070847 10.51%
dodo
DODO (DODO) $ 1.28 2.65%
bitcoin-cash-abc-2
Bitcoin Cash ABC (BCHA) $ 20.15 2.58%
compound-usdt
cUSDT (CUSDT) $ 0.021277 0.15%
xdce-crowd-sale
XDC Network (XDC) $ 0.050539 5.88%
staked-ether
Lido Staked Ether (STETH) $ 2,424.72 0.70%
arweave
Arweave (AR) $ 14.87 7.02%
polymath-network
Polymath Network (POLY) $ 0.203157 8.08%
safepal
SafePal (SFP) $ 0.960527 5.34%
true-usd
TrueUSD (TUSD) $ 1.00 0.47%
zkswap
ZKSwap (ZKS) $ 0.660074 3.57%
polkastarter
Polkastarter (POLS) $ 1.32 6.80%
ethlend
Aave [OLD] (LEND) $ 2.86 2.14%
helium
Helium (HNT) $ 12.71 5.44%
civic
Civic (CVC) $ 0.259191 4.12%
pundi-x
Pundi X [OLD] (NPXS) $ 0.001337 7.68%
kava
Kava.io (KAVA) $ 3.66 1.59%
golem
Golem (GLM) $ 0.262736 7.38%
harmony
Harmony (ONE) $ 0.078176 3.01%
nucypher
NuCypher (NU) $ 0.314701 13.36%
holotoken
Holo (HOT) $ 0.007482 2.40%
nusd
sUSD (SUSD) $ 1.01 0.60%
electroneum
Electroneum (ETN) $ 0.007554 12.90%
nervos-network
Nervos Network (CKB) $ 0.018662 3.13%
derivadao
DerivaDAO (DDX) $ 2.41 6.94%
district0x
district0x (DNT) $ 0.144635 4.96%
bitcoin-diamond
Bitcoin Diamond (BCD) $ 3.07 13.95%
trust-wallet-token
Trust Wallet Token (TWT) $ 0.358462 1.16%
rif-token
RSK Infrastructure Framework (RIF) $ 0.180150 2.00%
swipe
Swipe (SXP) $ 1.72 4.14%
gnosis
Gnosis (GNO) $ 172.24 0.34%
numeraire
Numeraire (NMR) $ 39.32 2.79%
rook
KeeperDAO (ROOK) $ 148.85 1.81%
kucoin-shares
KuCoin Token (KCS) $ 8.06 0.61%
btc-standard-hashrate-token
BTC Standard Hashrate Token (BTCST) $ 27.54 2.44%
aragon
Aragon (ANT) $ 4.48 1.35%
fetch-ai
Fetch.ai (FET) $ 0.262407 5.19%
litentry
Litentry (LIT) $ 3.18 6.12%
funfair
FUNToken (FUN) $ 0.020404 5.04%
chiliz
Chiliz (CHZ) $ 0.282535 7.76%
seth
sETH (SETH) $ 2,430.94 0.63%
oasis-network
Oasis Network (ROSE) $ 0.067422 6.28%
injective-protocol
Injective Protocol (INJ) $ 7.86 2.94%
vethor-token
VeThor Token (VTHO) $ 0.007757 2.54%
saffron-finance
saffron.finance (SFI) $ 416.20 0.55%
augur
Augur (REP) $ 18.88 5.51%
the-sandbox
The Sandbox (SAND) $ 0.271692 12.24%
singularitynet
SingularityNET (AGIX) $ 0.193206 0.75%
secret
Secret (SCRT) $ 1.35 2.16%
telcoin
Telcoin (TEL) $ 0.029568 2.54%
serum
Serum (SRM) $ 3.76 4.79%
gatechain-token
GateToken (GT) $ 3.89 3.70%
mainframe
Hifi Finance (MFT) $ 0.008802 6.50%
sbtc
sBTC (SBTC) $ 36,296.00 3.29%
compound-uniswap
cUNI (CUNI) $ 0.435885 3.47%
ardor
Ardor (ARDR) $ 0.169889 9.49%
vai
Vai (VAI) $ 0.895802 0.17%
utrust
UTRUST (UTK) $ 0.312359 4.98%
prometeus
Prometeus (PROM) $ 14.33 19.63%
reddcoin
Reddcoin (RDD) $ 0.002895 21.19%
monacoin
MonaCoin (MONA) $ 1.83 2.40%
noia-network
Syntropy (NOIA) $ 0.200252 4.26%
compound-0x
c0x (CZRX) $ 0.017854 2.52%
wink
WINkLink (WIN) $ 0.000434 3.87%
ankr
Ankr (ANKR) $ 0.085830 0.99%
bytom
Bytom (BTM) $ 0.074901 1.36%
rocket-pool
Rocket Pool (RPL) $ 11.76 2.86%
origintrail
OriginTrail (TRAC) $ 0.315706 1.67%
steem
Steem (STEEM) $ 0.398723 13.13%
maidsafecoin
MaidSafeCoin (MAID) $ 0.693323 2.73%
tomochain
TomoChain (TOMO) $ 1.48 1.16%
edgeware
Edgeware (EDG) $ 0.009479 0.34%
skale
SKALE (SKL) $ 0.285534 5.33%
stratis
Stratis (STRAX) $ 1.26 7.45%
hegic
Hegic (HEGIC) $ 0.105103 2.99%
komodo
Komodo (KMD) $ 1.09 12.98%
bitshares
BitShares (BTS) $ 0.048334 0.48%
unibright
Unibright (UBT) $ 1.00 2.81%
coinmetro
CoinMetro (XCM) $ 0.354770 10.02%
ark
Ark (ARK) $ 1.06 4.96%
mirror-protocol
Mirror Protocol (MIR) $ 3.75 3.63%
keep-network
Keep Network (KEEP) $ 0.415891 3.91%
neutrino
Neutrino USD (USDN) $ 1.00 0.23%
iexec-rlc
iExec RLC (RLC) $ 3.29 4.50%
harvest-finance
Harvest Finance (FARM) $ 55.80 0.29%
iotex
IoTeX (IOTX) $ 0.022666 1.90%
badger-dao
Badger DAO (BADGER) $ 12.41 6.42%
redfox-labs-2
RedFOX Labs (RFOX) $ 0.071591 4.47%
empty-set-dollar
Empty Set Dollar (ESD) $ 0.055514 3.39%
ultra
Ultra (UOS) $ 0.375398 0.24%
wanchain
Wanchain (WAN) $ 0.715587 3.17%
iris-network
IRISnet (IRIS) $ 0.077193 6.16%
perpetual-protocol
Perpetual Protocol (PERP) $ 7.77 0.47%
trustswap
Trustswap (SWAP) $ 0.974218 5.63%
tokenlon
Tokenlon (LON) $ 3.54 4.51%
orion-protocol
Orion Protocol (ORN) $ 6.91 2.09%
titanswap
TitanSwap (TITAN) $ 4.43 14.16%
tether-gold
Tether Gold (XAUT) $ 1,875.60 0.11%
wax
WAX (WAXP) $ 0.137017 3.29%
yfii-finance
DFI.money (YFII) $ 1,671.99 0.63%
aelf
aelf (ELF) $ 0.212782 7.11%
haven
Haven (XHV) $ 9.88 2.66%
pax-gold
PAX Gold (PAXG) $ 1,895.49 0.64%
defipulse-index
DeFiPulse Index (DPI) $ 300.76 1.48%
math
MATH (MATH) $ 1.41 0.46%
api3
API3 (API3) $ 2.69 9.15%
sora
Sora (XOR) $ 245.18 10.93%
dent
Dent (DENT) $ 0.003180 3.10%
loom-network
Loom Network (OLD) (LOOMOLD) $ 0.071794 7.76%
nftx
NFTX (NFTX) $ 54.37 0.93%
gala
Gala (GALA) $ 0.009618 4.55%
axie-infinity
Axie Infinity (AXS) $ 3.87 12.85%
beefy-finance
Beefy.Finance (BIFI) $ 1,132.89 4.32%
swingby
Swingby (SWINGBY) $ 0.105600 7.79%
parsiq
PARSIQ (PRQ) $ 0.644362 5.32%
akropolis
Akropolis (AKRO) $ 0.020201 4.74%
nest
Nest Protocol (NEST) $ 0.011556 5.13%
stakehound-staked-ether
StakeHound Staked Ether (STETH) $ 3,719.75 0.00%
akash-network
Akash Network (AKT) $ 2.99 6.53%
cream-2
Cream (CREAM) $ 142.85 6.17%
auto
Auto (AUTO) $ 1,062.35 2.78%
storj
Storj (STORJ) $ 0.926863 3.45%
e-radix
e-Radix (EXRD) $ 0.145129 17.77%
hive
Hive (HIVE) $ 0.340580 5.63%
chainx
ChainX (PCX) $ 5.94 18.75%
wrapped-nxm
Wrapped NXM (WNXM) $ 61.36 1.86%
hathor
Hathor (HTR) $ 0.415483 0.95%
gemini-dollar
Gemini Dollar (GUSD) $ 1.01 0.20%
frontier-token
Frontier (FRONT) $ 0.775514 7.13%
everid
Everest (ID) $ 0.367558 11.58%
lto-network
LTO Network (LTO) $ 0.224761 7.18%
power-ledger
Power Ledger (POWR) $ 0.204343 8.68%
livepeer
Livepeer (LPT) $ 25.90 0.14%
xdai-stake
xDAI Stake (STAKE) $ 7.54 1.39%
rari-governance-token
Rari Governance Token (RGT) $ 5.65 12.49%
cashaa
Cashaa (CAS) $ 0.028943 0.87%
energi
Energi (NRG) $ 1.96 4.66%
bytecoin
Bytecoin (BCN) $ 0.000453 1.84%
duckdaodime
DuckDaoDime (DDIM) $ 11.83 2.26%