The most logical use for blockchain\ntechnology is to expedite the transfer of funds from one person to another.\nWhen banks are removed from the equation, and a peer-to-peer transaction takes\nplace, they can be completed 24 hours a day, seven days a week, settling the\ntransactions in a matter of seconds, rather than days. <\/p>\n\n\n\n
Retail\nLoyalty Rewards Programs<\/strong><\/p>\n\n\n\n The retail experience could be further\nrevolutionized with blockchain technology. Blockchain could become the go-to\ndatabase for loyalty rewards programs. By creating a token-based system that\nrewards consumers and stores the tokens in the blockchain, it could potentially\nincentivize consumers to return to the store to do their shopping. Blockchain\nwould also be able to eliminate the fraud and waste that is commonly associated\nwith retail loyalty reward programs. <\/p>\n\n\n\n Digital\nIDs<\/strong><\/p>\n\n\n\n Worldwide, more than one billion people face identity challenges. Microsoft is trying to change that by creating a digital ID within its Authenticator app. Primarily this would provide users with a way to control their digital identities, and allow people living in impoverished regions to gain access to financial services, or start their own business for example.<\/p>\n\n\n\n Digital\nVoting<\/strong><\/p>\n\n\n\n Countries all over the world worry about\nvoter fraud. With blockchain technology, states could provide the ability to\nvote digitally and be transparent enough that regulators would be able to spot\nany changes in the network quickly. It would combine the ease of digital voting\nwith the unchanging nature of blockchain to make your vote count.<\/p>\n\n\n\n![\"\"](\"https:\/\/atozcrypto.org\/wp-content\/uploads\/2019\/11\/7-1024x1024.jpg\")
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