Areas of human life have been influenced by blockchain.

In simple words, a blockchain is such a distributed database that consists of individual blocks in the form of a continuous chain. It stores all the transactions that have ever occurred and all the data of the ever-existing wallets.

In other words, it’s like an eternally existing digital magazine that can be programmed to record almost anything that has any value. And that is why in the blockchain you can deal not only with cryptocurrency. Each block in the blockchain contains a timestamp and a link to the previous block. Therefore, it can actually be infinite, but in the real world, it is limited by the capabilities of technology.

Blockchain is divided into two main types:

• Public — an open database, which is steadily updated. A striking example is the virtual currency of Bitcoin, where any participant has the right to write and read data.
• Private (also known as private) — it is characterized by restrictions regarding the recording and reading of information. In it, some nodes may have the highest priority.
• Exclusive — a subset of the private blockchain. Its peculiarity is that a certain group of persons is engaged in processing transactions in such a chain.

Where is blockchain used?

Now let’s talk about where blockchain can be applied. In fact, the number of areas in which technology can be implemented is huge. Here are the most popular areas where the blockchain has already been implemented or is planned to be implemented in the near future:

• Cryptocurrencies. The blockchain appeared along with Bitcoin, so it is logical that the technology is used in a huge number of new virtual currencies, the number of which is growing every day.
• Internal communication. For example, PayPal started using blockchain in its own internal platform. The company employees are awarded tokens for good work. An employee can subsequently exchange the received tokens for some of the activities together with the top managers of PayPal.
• Elections. West Virginia in the United States has become a pioneer in this use of technology. Voters outside the US got the opportunity to vote through the blockchain platform. The platform combined face recognition and blockchain.
• Banking sphere. By the way, in this area, huge bets are being made on blockchain technology. Since its introduction to banking services can accelerate transactions, as well as enhance their security. Banks have already begun to gradually use the technology in completely different aspects:

-Loans

-Alternative financial and banking infrastructure.

-Fighting non-banking competitors.

-Cash processing.

-New opportunities.

• Education. Oxford researcher Joshua Broggi has announced plans to create his own university in Malta, which will be built on blockchain technology. Thus, he plans to significantly reduce operating costs by automating administrative procedures. In addition, it will give confidence in the reality of the education received by the student.
• Taxi. For example, in China, they launched a safe taxi service on the blockchain. The blockchain platform will be able to timely and transparently share information about drivers and rides with all users. If a passenger, for example, makes an emergency call, the network will allow other drivers and even police to respond quickly.

Relictum Pro Blockchain Application

Relictum Pro is a complete blockchain platform designed for public, commercial, and private activities.

Relictum Pro is a smart platform of a distributed registry of the newest generation, designed to formalize (describe) the economic life of a person to exclude intermediaries between participants and record any events (personal livelihoods, logistics, document flow, delivery, transportation, interaction with legal entities, etc.)

Relictum Pro is an endless distributed registry with a developed system of smart contracts, describing (formalizing) any event in human life, ranging from buying and selling goods and services, recording logistic events, to tracking copyright and interacting with legal entities, including a number of self-executing transactions (smart contracts) in any field of activity:

• State (State Register, Register of properties, Taxation, Universal Postal Union, Road traffic police, State services, Ministry of Education, Pharmacies, etc.)
• Banks
• Business (Shops, Services, Wholesale, Commodity exchange, Construction companies, Realtors, Microfinancing, Enterprise, Gaming business, etc.)
• Private persons (Receipt of goods and services, Data storage, Copyright, etc.)

Solving the problems of existing platforms and having the most advanced parameters, Relictum Pro Blockchain can solve problems on a global economic scale, making our life simpler, more comfortable and safe, making processes transparent and honest.

To know more about Relictum Pro blockchain advantages, visit our website: https://relictum.pro

and read our white paper:

https://relictum.pro/cabinet/docs/whitepaper_en.pdf

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