Cryptocurrency is the first thing most people think of when they think of blockchain.
But, while coins like Bitcoin do rely on and are built on the technology, blockchain can do much more. It is a digital ledger that can record any transaction or record with a high data-protection level.
It is used in healthcare to monitor, manage, and share records. It has also found utility in real estate, business, traditional finance, and a host of other industries, with the potential to improve the ways we communicate.
Social media and instant messaging apps can be developed on, or connected to, blockchain. The popular social media app Telegram already offers access to The Open Network (TON) to enable users services like in-app purchases and the use of features like Telegram casino bot and trading bot apps. Users can send payments through their Telegram accounts to individuals, businesses, or casinos, making use of fast payments, enhanced security, and anonymity.
Blockchain uses advanced cryptography to encrypt information stored. It requires public and private keys to be able to access on-chain records. Individual users retain their own private keys, which makes it virtually impossible for hackers to be able to gain unlawful access to the messages that are sent.
Users with private keys can share the private information contained in messages, enabling verification of message content. Without being given access, third parties can’t read the content of messages.
Apps like Messenger, WhatsApp, Zoom, and other communication apps are maintained by centralized groups, blockchain apps are decentralized. The decentralized ledger typically uses thousands, or even millions, of third-party computers and servers to create a network. Not only does this prevent any group or person from having access to information on the blockchain, but it can also serve to expand the reach of the blockchain network.
Voice over Internet Protocol (VoIP) is usually significantly cheaper than traditional communication methods, in most cases. Blockchain VoIP further eliminates routing costs, as routing is conducted by the different users on the blockchain network. This makes it cheaper while also improving security and potentially even improving the quality of VoIP communication.
Blockchain Radio Access Network is a wireless communication network used by the Internet of Things and AI devices. B-RAN is being considered for use in 6G technology because of its secure, decentralized network.
It would share responsibility for network tasks among its decentralized users, therefore minimizing load and providing the network with a large expanse of processor power and reach. Rollout of 6G is not expected until around 2030, by which time B-RAN technology could be advanced enough to be fit for purpose.
Blockchain relies heavily on efficient communication. Messages are sent by users and the decentralized network collates and orders these messages. The messages themselves are encrypted before being sent and can only be decrypted by users who have access to the appropriate public and private encryption keys. These protocols are already in place, which means establishing and improving communications on the blockchain is a relatively short step.
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