Other uses
Other uses
Blockchain technology can be used to create a permanent, public, transparent ledger system for compiling data on sales, tracking digital use and payments to content creators, such as wireless users or musicians. In 2017, IBM partnered with ASCAP and PRS for Music to adopt blockchain technology in music distribution. Imogen Heap's Mycelia service has also been proposed as blockchain-based alternative "that gives artists more control over how their songs and associated data circulate among fans and other musicians."
New distribution methods are available for the insurance industry such as peer-to-peer insurance, parametric insurance and microinsurance following the adoption of blockchain. The sharing economy and IoT are also set to benefit from blockchains because they involve many collaborating peers. Online voting is another application of the blockchain. The use of blockchain in libraries is being studied with a grant from the U.S. Institute of Museum and Library Services.
Other designs include:
- Hyperledger is a cross-industry collaborative effort from the Linux Foundation to support blockchain-based distributed ledgers, with projects under this initiative including Hyperledger Burrow (by Monax) and Hyperledger Fabric (spearheaded by IBM).
- Quorum – a permissionable private blockchain by JPMorgan Chase with private storage, used for contract applications.
- Tezos, decentralized voting.
- DAML by Digital Asset Holdings is a smart contract language based on Glasgow Haskell Compiler.
- Proof of Existence is an online service that verifies the existence of computer files as of a specific time.