Industry Session: Blockchain, Privacy and Use Cases

Blockchain extends transparency in certain applications but also  allows privacy to health applications where sensitive and personal data are required. Blockchain gives us a payment and data-integrity platform that can help build trust in digital environments.. Blockchain offers a vastly different value proposition to its users, who, in turn, must acquire different skillsets and master different technologies.
Blockchain as an end to end Internet application requiring routable IP address space to identify the source and destination IP addresses for better traceability and transparency where needed. Now since the current Internet Protocol version 4 (IPv4) has run out of routable address space back in February 2011, the new Internet Protocol version 6 (IPv6) comes with a virtually unlimited address spaces with 2 to the power of 128 (340 Trillion Trillion Trillion) address space restoring thereby the end to end model offering routable address space for applications like Blockchain to scale. The use of new IPv6-based technologies such as Multicast (BIERv6) and Segment Routing over IPv6 (SRv6) enhances further the deployment of Blockchain, unlocking new applications of the Blockchain technology have extended to various social and economic solutions in trade and supply chain management, financial services, manufacturing, art and media, smart cities, property and title transfers, management of the integrity of elections, and improving the quality of healthcare while reducing the risk of errors, as well as many others.
The construct of global economy is primarily based on a set of contracts, transactions, and records that govern our economic, legal, and political systems. They protect assets, establish, and verify identities and document sequences of events. They govern interactions among nations, businesses, communities, and individuals. Blockchain has in recent years, emerged as the foundational technology offering solutions to improve business value chains, enhance efficiencies, enable a system of trust based on consensus, while unlocking further economic activities without the need for a trusted third-party intermediary. This technology is additionally shaping the third generation of web services referred to as Web3 or the “Internet of Value/Trust” while unlocking new economic prospects.