Cryptocurrencies like bitcoin and etherium are no doubt currently pulling their weight in trying to unify cosmos financially such that we no longer have a Canadian dollar, US dollar, or the Australian dollar with different economic values. The technological system behind the cryptocurrency trading platform knows as the blockchain technology can however be used to make seamless, other spheres of our daily lives.

The blockchain application basically explains a decentralized system of communication or transactions between entities that are registered on a secure end to end encrypted ledger which can only be viewed by the person initiating the communication or transaction and the receiver on the other end. Their communication is however stored on the encrypted ledger for record purpose.
As we have witnessed cryptocurrency and it's backbone try to defy gravitation in the financial sector, one can be concerned about whether it will succeed, whether a world currency can really be created. Whether or not cryptocurrency trading platform sees the light that it deserves, the blockchain technology can be put to various other uses.

Here are 5 real-world application of the cryptocurrency trading software :

Agriculture (Food Traceability)
The population of the world based on the United Nation's data is currently about 7.5 billion people and is expected to rise to nearly 10 billion people by the year 2050. Agricultural companies, business, and farmers are preparing really hard to serve this future prospective customer. The extent to which they’ll go is what is not known. People are therefore becoming increasingly aware of what they consume. Customers want to know where their product is sourced from. Food traceability ensures this by keeping a track record of the food, either crop or livestock. The type and amount of fertilizers used in growing the crops, the breed of the beef they are about to buy, what farm was it from, what was it fed, how often did the livestock take antibiotics, did it take too much,are their micro-elements in cultivating this crop that I am allergic to. All of this and more are important to ensure that we get value for our money.

700 million people are hospitalized annually on the account of foodborne disease and about 400, are recorded to have lost their lives in the process.
If what we consume is very important, then where and how it was produced, processed and transported are track records that we must seek. The blockchain technology of cause makes this very simple. An agricultural blockchain application can be developed such that information about the livestock, for example, are stored from time of birth to when it was slaughtered and then the name and location of the retailer. The consumer earns the right to this information as soon as their purchase is verified.

Entertainment ( Ticketing System):
Billions of dollar are made annually in the entertainment industry through events, shows, and concerts. The organizers of the events are usually plagued with a plethora of problems ranging from ticket frauds, exorbitant re-sale prices, dismembered stakeholders and collusion among stakeholders. A cryptocurrency based application development service can be employed to write a Blockchain algorithm which will enable users to buy tickets seamlessly online. The verification process becomes very fast at the scene of the events and as such the entrance less crowdy.

The ticketing company is also able to curb ticket frauds as blockchain ID cannot be created from thin air. The ticketing website can be hacked to secure a seat, the blockchain system cannot be logged into except one is buying legally. Consumers have to buy with their own name and other data. As such, there cannot be a system where a person buys a bulk ticket and start re-sales for exorbitant prices. The ticketing company using the blockchain-based technological system is also able to gather valuable data about the attendance of the events.

Middlemen are cut-off. The technology also integrates stakeholders as the organizers and ticketing company now have clearly defined roles. The organizers can stick to ensuring that a top-notch event is put together while trusting the blockchain ticketing application to the work of detecting ticket frauds, ensure fast clearance of attendees at the event entrance and gather valuable data that can guide decision making in the future.

Art and Collectibles
For high net worth individuals who loves collecting precious historic objects such as paintings, historic wine, collectible cars, musical instruments, jewelry and much more, they are poised with the provenance of the object and availability of metadata about the object. The provenance of an object explains whether the object is actually an original or a fake. The provenance of an object is what influences its value in the market. Since objects of these brackets are usually very expensive for its originality, the would-be owners are usually very skeptical in the buying process which stresses everyone in the value chain. An unnecessary long process of paper works is usually up to be reviewed for each deal to pull through.

Metadata are information about objects such as past appraisals, receipts, photographs and restoration records, etc. The arts and collectibles sphere is hampered with the availability of proper records on the objects. And as we know, the history of a thing is part of its worth. The richer the history, the higher its net value can be. For instance, someone buying a Leonardo Da Vinci painting will be more interested in the year in which it was made, under what conditions it was made, the inspiration behind the paintings, was it a personal work by Da Vinci himself or it was simply made under his tutelage.

A cryptocurrency trading software can be used to facilitate all of this even up till payment (if done in cryptocurrency). The artist or current holder of the art upload the art information and history on the blockchain which then ascribes a unique set of the algorithm to the artwork or collectible and then waits for the buyer to show interest in the blockchain. The data of the prospective buyer is also logged on the blockchain system and so is every communication and transaction made via the system.

Identity Management
Every organization is expected to keep a database of its employees and customers. Countries of the world are also trying to get a comprehensive collation of it citizens' data. The data can be used in making a lot of decision for an organization and countries alike. Currently, identity management is dependent on cloud computing companies but even cloud computing companies have system shutdown from time to time. Amazon web services who appears to be one of the major stakeholders in the cloud computing business has recorded outages a number of times causing problems for companies that depend on their services.

On a rather efficient note, the cryptocurrency-based application development software could be used In encrypting data. It becomes very safe and easily accessible to participants who have the authority to view it. The issue of privacy of users data is rooted out because access can only be gotten if granted by the authority who uploaded the data or anyone he gives access to. There is no backdoor. The blockchain also does the work of registering in the blockchain ledger the dispatching of data on the blockchain network.

Blockchain Smart Contract
The smart contract simply explains using technological algorithms as arbitrators in business. If you have the need to make financial agreements with another person, a smart contract takes the place of the third party who ensures that the stipulated agreement is obligated by both sides of the signatory.
he processes are seamless as it can be done from the comfort of both parties' home. They both get to see the clearly stated terms and conditions and as soon as they click "I agree", the smart contract algorithm locks in with no back door to alter the agreements. It's also very cheap and faster compared to the bureaucratic paperwork process of commercial banks.

A custom blockchain based application is used to make this possible. The parties to the agreement can displace both the use of a lawyer and bank services if the reward for fulfillment of the contracts is paid in a cryptocurrency. The agreement is legal, cheap and cannot be violated by either of the parties in the contract. More importantly, delicate privacy information about the contract or participants of the contract is kept safe and remains inaccessible. The partners can conduct business an anonymous mode and business still goes on smoothly and valid.