Block Chain Business Value, Worldwide 2017-2030
- Gartner Predicts that Block Chain would generate $ 3 trillion in new business value by 2030.
- Gartner Predicts- Many new innovative companies will start using Block Chain Technology and at least one business created using Block Chain will be $10 Billion.
- Block chain Identity solutions make a range of activities less susceptible to fraud including Insurance claims, Credit access and Voting.
- By 2030, Block Chain will be used as foundational technology for 30% of customer base.
National Strategy: India’s National Strategy for Block Chain
- Evolve a national Block chain Infrastructure that can be used for development and deployment of block chain applications supported with a sandbox for testing multiple block chain applications.
- Focus on capacity building and skill development.
- Contribute towards creation of IPR.
- Enable Global access to the developed technology and contribute towards development of cross border solutions.
- Contribute towards development of national and global level standards.
Block Chain Models
Block Chain Use Cases
- Healthcare domain-Patient Health Records can be stored in tamper proof manner on national level block chain.
- Role based and privacy enabled access can be given.
- Doctors of any hospital can access patient history when patient approaches them.
- E-Court - Data from Police, Judiciary and legal departments can be stored in National level Block Chain infrastructure.
- Education System- Student’s Certificates ,Scholarship details can be stored in Block Chain Network.
Use Cases for Block Chain
International Scenario
CHINA
- BSN-Block Chain based services Network of CHINA helps companies and individuals deploy Block Chain applications faster and cheaper.
- BSN hosts a number of tools for developers which help in application development majorly focused on smart cities and digital economy.
EUROPE
- European Block chain partnership aims to build European Block chain services infrastructure to meet highest standards in terms of privacy, cyber security and regulation.
- KSI-Keyless Signature Infrastructure has been built by Estonian Government to prove the authenticity of electronic records.
UAE
- UAE has Smart Dubai Initiative which aims to be the first city fully powered by Block Chain by 2021.
US
- Food and Drugs inspection to address the problem of lack of transparency and security in health data processing using block chain.
BRAZIL
- Focusing on Ethereum Platform for developing various applications for voting.
CHILE
- Ethereum platform to enable transparency in Energy Grid.