5 Applications for Blockchain In Business

Ever since Bitcoin was launched in 2009, the cryptocurrency has had its ups and downs. In late 2017, bitcoin reached an all time high of nearly $20,000. That price has since dropped and has continued to hover around the $3,000 to $5,000 range for the last few months. While bitcoin has garnered a lot of attention over the last few years, its underlying technology, blockchain, is what’s really exciting.

Blockchain is the public ledger that records all bitcoin transactions and makes them unable to be tampered with. Blockchain is not only changing the way we handle financial transactions but is also changing the way we do business. As time goes on and the technology continues to mature, more and more applications for blockchain develop. In this blog post, Coin Cloud discusses five different applications for blockchain in business.

  1. Smart Contracts. Smart contracts first came to light in 1995 but weren’t popularized until Vitalik Buterin, founder of Ethereum, released the Ethereum project. The project is a decentralized platform that allows smart contracts to operate. Smart contracts are applications that allow programs to run without any possibility of downtime, censorship, fraud or third-party interference. Smart contracts can help exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman. In business, most transactions need to go through a middleman such as a lawyer, real estate agent, banker, etc. to verify a transaction. With smart contracts, that middleman is no longer necessary. Smart contracts utilize a predetermined set of criteria that need to be satisfied in order for the transaction to go through, removing the need of a third party to ensure that criteria is met.

The Future of Blockchain

The future is bright and the future is blockchain. Blockchain has already turned the financial world upside down and it’s only a matter of time before all industries are disrupted by this groundbreaking technology. When it comes to business, blockchain has the ability to make generationally old methods and practices more efficient and more secure. Like the internet, blockchain is poised to break the bedrock of modern technology. Many of the solutions created by blockchain companies will be useful, and as the technology matures, they will be used in a wide variety of practical and important applications.

What Is Coin Cloud?

Coin Cloud is a Bitcoin ATM company headquartered in Las Vegas, Nevada. With over 627 locations nationwide, Coin Cloud boasts one of the largest and fastest-growing networks of two-way Bitcoin ATMs in the world. Our network has helped more than 144,000 customers buy and sell cryptocurrency since opening our doors in 2014. To find your nearest Bitcoin ATM, please visit CoinCloudATM.com.



The world’s leading operator of two-way Digital Currency Machines (DCMs), more advanced Bitcoin ATMs.

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Coin Cloud

The world’s leading operator of two-way Digital Currency Machines (DCMs), more advanced Bitcoin ATMs.