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Government:Governmental systems are often slow, opaque, and corrupt.
Implementing blockchain-based systems will significantly reduce bureaucracy and increase the security, efficiency, and transparency of government operations.
One of the challenges that hospitals face is the lack of a secure platform to store and share data, and they often get hacked due to outdated infrastructure.
It improves data security and also helps in the accuracy and speed of diagnosis.Regulatory Compliance:In any industry, expensive affairs, taking time to follow the government’s standards and regulations.
Certificates need to be checked and re-checked, policies need to be updated, and growing agencies need access to records.Regulatory compliance has already made inroads in several industries, with more coming on board as time goes on and results are proven:BankingInvestmentCredit ServicesFuel ProductionAutomobile ManufacturingImage source: IgniteCharity:Common complaints at charity space include inefficiency and corruption, which prevents them from reaching out to those who have the money.
You can be sure that your money will end up in the right hands, using blockchain technology to find donations.
Blockchain implementation is on pace to build technological solutions.
How would the COVID-19 scenario be handled if the world is enriched with blockchain solutions?
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