What tasks does the blockchain not be able to do?

China’s blockchain is a popular technology these days that, despite its many useful capabilities, it is unable to perform certain tasks, especially in the business domain.

China’s block technology is very attractive. The technology can provide a digital authentication process for transactions. Another function is to confirm the integrity of low cost data.

In addition, the system can create global partnerships between businesses to agree on the status of different workflows without the need for expensive brokers.

The growth of China’s block and its successes have been achieved through a combination of economics and cryptography. This technology ensures that at any time, digital reports are the result of the agreement and consensus of all parties involved.

In discussing sharing digital reports, China’s block will eliminate the need for trust. In addition, using this technology will no longer require a data verification center.

But there are some shortcomings, however. Referring to the business models developed around this technology, we conclude that the execution of some tasks and programs is beyond the control of the Chinese block.

 Knowing about these helps us not develop any business or product around this technology and make sure it is useful in the business model before referring to it.

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Take, for example, the issue of keeping track of infants in the hospital and afterwards. Possible problems in this area, including infants, have very dangerous consequences.

In the meantime, it seems appropriate to implement a blockchain system that specifies the position of each infant and whose information is unaltered as well as verified.

The main challenge of China’s block is to connect offline and online data

But blockchain implementation has its own problems. Certainly, using this information technology is verified and unchangeable.

The question is how do those involved in the system find out information is communicated to a baby? To connect blockchain system data to a physical entity such as a baby, a communication tag such as a physical tag must be used.

Other ambitious designs may use a small chip in vivo or a digital gene for this purpose.

In this case, the blockchain will not be useful and, most importantly, the basic step of connecting the baby to the data cannot be verified.

Given the above example, we conclude that the main challenge is to link the offline world (physical tag) with digital data.

In this situation, system reliability is highly dependent on intermediaries that connect data to the physical object.

This connection is a key step in system implementation and can be between digital data or a business, person, segment and the like.

In the infant example, the system will depend on who has the task of synchronizing the baby with digital reporting.

If these people do not do their job well or are planning to sabotage, they will misread the infant’s information in the first step.

 As a result, the digital data connection of the baby or his or her physical tag will be wrong from the beginning.

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On the other hand, if the initial stage and data connection and the individual are done correctly,

they will show their blockchain benefits.

Using this system, in addition to fully verifying information and coordinating it between different parts of the health system,

everyone will have complete information on how to use their medical data.

In addition, people can control these uses. People’s medical data can be used in academic statistics research, health app development, and even drug production.

If the raw data is not properly logged in, their validation is useless
In another example,

Let’s talk about marketing. The main challenge in this section is that advertisers are not aware of the real and usefulness of visitors.

For example, the company intends to advertise for young people interested in buying a car,

but the publisher publishes it for a middle-aged, low-income person.

 In another scenario, the ad is displayed for a robot that only wants to pay more by increasing the visibility.

In this section,

China Block only confirms the validity of digital data

related to the number of times the ad is viewed and viewed.

And In other words,

this system does not provide accurate information about the

human being of the advertiser or his / her presence in the target audience.

Offline authentication (similar to infant tag) can be used to make sure the viewer is real,

but perhaps no technology will be used by marketers to identify the target audience.

Healthcare and Blockchain

Of course, China’s blockchain can change the relationship between digital content producers, advertisers and their customers.

For example, advertisers rate users for viewing ads to see paid content.

Content producers are also discovering new revenue streams that use blockchain’s ability to make cheap financial transactions.

Finally, if we want to use this system only to verify ownership of the data and the accuracy of the reports,

the China Block is a good marketing tool.

One of the main problems in content and advertising crises is the assurance of their ownership,

and the Chinese block is definitely capable of solving it.

With the development of China’s blockchain ecosystem

, new intermediaries are gradually coming into the system to solve that major problem,

namely the relationship between offline data and digital reporting.

The same problem has the potential to become a successful business model and is one of the growing potentials in the market.

Since the technology is still young, solving these problems increases its potential to transform the digital data ownership system.

 

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