The Visual Guide to Blockchain Beyond Cryptocurrency [Infographic]

What is Blockchain?

The blockchain is a decentralized ledger of all transactions in a peer-to-peer network. It was invented by a group/individual with the pseudonym Satoshi Nakamoto. Blockchain allows transaction and data verification without going through a central certifying authority.

How Does the Blockchain Work?

Blockchain processes transaction requests by broadcasting them to a peer-to-peer (P2P) network made up of computers known as nodes. The nodes will verify and record the transaction — this can be in the form of cryptocurrency transactions, records, contracts, or other information.

Blockchain Implementations

Here is a list of startups and companies that use blockchain technology as the foundation for their products.

Blockchain Trading Platforms

Blockchain helps trading platforms to improve their security and reduce costs that are otherwise necessary, like server maintenance.

  • Ricex.io
  • WeTrade
  • Binance

Blockchain-Based Logistics and Transport

Since the data in a blockchain can’t be altered or lost easily, it’s more efficient to track the supply chain and transport history.

  • MOVA
  • Arcade City

Blockchain-Based Healthcare Companies

The healthcare industry uses Blockchain-based technology to digitize and share access to health records in order to improve inter-facility treatment for patients.

  • Medicalchain
  • Nebula Genomics

Blockchain-Based Payment Gateways

Payment gateways were definitely one of the first industries that bloomed rapidly along with the popularity of cryptocurrencies like Bitcoin and Ethereum.

  • CoinBase
  • CoinGate

How Blockchain Startups Breach the Market

The blockchain is an awesome invention, but it isn’t really well-introduced to the world. Even the inventor’s real identity is unknown!

  • 90 percent of all the information transmitted to our brains is visual — this means that our brain is more used to receiving information that’s tied to an illustration.
  • We are able to grasp a visual scene in less than 1/10th of a second. Compared to reading an entire blog post about blockchain, a 1-minute explainer video should be more than enough to introduce the concept to your audience.
  • Visual aids in the classroom improve learning by up to 400 percent. Videos and infographics can definitely help your audience understand blockchain.

The Infographic for Blockchain Startups

Below is an infographic on why blockchain is future-proof technology that can be applied beyond cryptocurrencies as it’s famous for. You will also learn everything you need to know about the mysterious invention. With this infographic, you can learn how blockchain startups should overcome their marketing problems:

Helping startups and business grow faster with explainer videos at https://breadnbeyond.com