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.
Once the transaction is verified, the nodes create a new block of information to be added to the blockchain. The new block that was just created is added to the existing blockchain — at this point, the new block can’t be tampered with anymore and the transaction is complete.
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.
Examples of blockchain-based trading platforms:
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.
Examples of blockchain-based logistics and transportation platforms:
- 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.
Examples of blockchain-based healthcare apps:
- 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.
Examples of blockchain-based payment gateways:
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!
The limited understanding from the general public about blockchain is one of the problems that cause many blockchain startups to disband. The blockchain is already a complicated invention as it is. It is often the case that such a complex subject overwhelms people and discourages them from trying out a new product.
Educative visual content such as infographics and explainer videos are super effective at breaking down complicated subjects like blockchain into bite-sized pieces of information.
- Approximately 65 percent of the population are visual learners. By using an explainer video for blockchain startups, you can communicate your idea better to your audience.
- 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:
Feel free to post the infographic using the embed code below:
<div style="clear:both"><a href="https://breadnbeyond.com/blockchain/beyond-cryptocurrency-infographic/" target="_blank" rel="noopener"><img src="https://breadnbeyond.com/wp-content/uploads/2018/11/blockchain-tech.jpg" class="img-embed" title="[Infographic] The Visual Guide to Blockchain Beyond Cryptocurrency" alt="[Infographic] The Visual Guide to Blockchain Beyond Cryptocurrency" border="0"/></a></div><div>Courtesy of: <a href="https://breadnbeyond.com" target="_blank" rel="noopener">Breadnbeyond</a></div>
Originally published at https://breadnbeyond.com on November 28, 2018.