Wednesday, November 11, 2015

The Bitcoin Blockchain - Real Life Applications

Information stored on the blockchain is immutable and unchangeable.

1) Everledger. Recording information of valuable diamonds on the blockchain.
Every diamond has a unique ‘fingerprint’, consisting of 40 different parameters. Problems of conflict diamonds and authenticity of the diamonds are addressed by recording this information about each diamond on the blockchain. There are currently more than 300,000 diamonds already registered with Everledger. 

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