Blockchain Technology is certainly considered as the new technology revolutionizing the world. The technology community has discovered potential uses of blockchain technology though it was originally designed for the digital currency transaction, and the Bitcoin blockchain.
To brief it, blockchain in simpler terms is a series of records that are immutable and the data stored in the computers is not owned by any single entity. The blockchain network is not operated by any central authority, it is somehow like a democratized system.
Having an immutable ledger system, the information comprised in it is open for anyone and everyone to see. Information regarding the transaction history is built on the blockchain and the entire system is transparent in nature, which means everyone involved in the transaction process are themselves accountable for their actions.
Recently, an independent blockchain and media house in Spain, Territorio Bitcoin, invited people from the blockchain community to share their ideas and about the blockchain technology and how the Covid-19 outbreak is affecting it.
Here’s what Kiana Shek, the Co-Founder of DigiFinex talked about in the interview with her Spanish audience.
Kiana Shek is the Co-Founder of DigiFinex. DigiFinex is a financial service platform based in Singapore in the year 2017. Kiana Shek joined DigiFinex by the end of 2017 and is currently in charge of global business expansion.
DigiFinex now has more than 3 million registered users across the globe and over 3,00,000 active users of its mobile application. As per coinmarketcap.com DigiFinex has been persistently ranking in the top 10 in the list of cryptocurrency exchange platforms based on its market liquidity and trading volume.
Kiana Shek believes there are primarily two perspectives to the world always. It’s not always necessary that the crisis brings drawbacks, it can present us new opportunities too. According to Shek, this ongoing pandemic will make people more aware of the applications of blockchain technology and people will start adopting it. For instance, we can consider “Blockchain + charity”, making charities using a blockchain platform can be more transparent, in order to magnify the integrity of the organizations making donations.
“Blockchain + public information” is yet another fructified example of using blockchain in an efficient manner. Blockchain can bring improvement in information transparency. For starters, it can deliver warnings as early as possible, improve preventions and control systems and reduce the time-consuming process of approving decisions.
“Blockchain + medical supplies” can also be a grave example to use blockchain technology in the medical supply sector. This can improve supply chain management to match the supplies of medical equipment based on the needs of the hospital. This will further allow the hospital to keep a check on each batch of supplies and make sure it is fully utilized.
Along with this, blockchain technology can also play a vital role in maintaining public safety monitoring, managing the monitoring of public opinion, keeping a check on the post-pandemic insurance claims and making it better for distributed work-from-home network collaboration.
Making a persistent growth for more than two years, DigiFinex has emerged from a basic cryptocurrency platform to a financial services platform. Digifinex provides services like crypto spot, margin, and futures trading along with quant fund management to help the investors in making asset growth.
As of now, blockchain development is still not much popular, but providing blockchain education will play a vital role in empowering the blockchain industry in the near future. The industry is seeking more content creators and market analysis to join the platforms and share knowledge and insights.