The application of the Blockchain in the world

29.Aug.2018Press release Infocoin

CNBC, thanks to Arjun Kharpal, analyzes the ways of application of the Blockchain by governments:
State-backed cryptocurrencies: nations are thinking about their own digital currencies. Venezuela was the first country to introduce a State-backed cryptocurrency called “petro”. It is issued in an anti-American function, to reduce Venezuelan dependence on the United States. For similar reasons, China, Russia, Turkey, Qatar and Iran have also talked about digital currencies issued by the State.
Vote: people voted via a mobile app which was essentially the equivalent of a ballot paper. The mobile ballots are “tokens” or potential votes which are cryptographically tied to a candidate. The voter makes their decision, it is verified by a number of different servers or computers known as “validating nodes.” Upon verification, the token or ballot paper is debited from the voter’s ledger and put on the candidate’s ledger.
Supply chains: many companies have successfully tested the effects of the Blockchain in this sector and the British government carried out a pilot using blockchain technology in a cattle slaughterhouse.