Blockchain is currently one of the most talked-about business technologies. From banking and cybersecurity to the intellectual property and gaming industry, blockchain technology has the potential to make significant changes and open up new opportunities across industries.
Blockchain is a distributed, immutable ledger that makes recording transactions and tracking assets in a business network much easier. On a blockchain network, virtually anything of value can be tracked and traced, lowering risk and cutting costs for all parties involved.
Information is the lifeblood of every business. The faster and more accurate it is received, the better. Because it provides immediate, shared, and completely transparent information stored on an immutable ledger that can only be accessed by permission network members, blockchain is ideal for delivering that information.
Orders, payments, accounts, production, and much more can all be tracked using a blockchain network. You can see all details of a transaction end to end because members share a single view of the truth, giving you greater confidence as well as new efficiencies and opportunities.
The following prediction was made in a recent Trend Insight Report by analyst firm Gartner:
- Only 10% of businesses will use blockchain to achieve any significant transformation by 2022.
- At least one innovative blockchain-based business will be worth $10 billion by 2022.
- By 2026, the value of blockchain to businesses will have risen to just over $360 billion, and by 2030, it will have risen to more than $3.1
For caste and diploma certificate validation, the Maharashtra government began using a blockchain-based system. Validation of certificates currently requires a lot of manual intervention and is vulnerable to fraud and forgery. False certificates can prevent people from getting jobs or going to school.
“The state government will now record all the necessary details related to a caste certificate and it will be issued to the applicant. Once issued, the data will be saved in the form of a QR code, using blockchain technology. Any government department can then scan the QR code of a candidate and cross-check his or her caste certificate,” – Deependrasinh Kushwah, CEO of the Maharashtra State Innovation Society.
BLOCKCHAIN and Fantasy Sports
Just like all, its other applications Blockchain can also solve the key issue of trust in the real money gaming market of India. Today all closed and centralized applications flood the real money gaming market of India and users are left to wonder where they can find a fair game.
Holy11 is built by HashMojo Labs Pvt Ltd a Mumbai-based Software and Blockchain development start-up that is working toward’s creating complete transparency in the real money gaming market and starting with the most loved game in India which is Fantasy Cricket.
Fantasy sports are online prediction games in which users can pick their own virtual cricket team for upcoming cricket matches. Real-life player statistics are converted into fantasy points, and you earn points for the players you picked before the match. The higher your fantasy points, the better your player performs in real life. Users with the highest points win the mega cash prizes.
Very few companies have developed blockchain-based transparent games but the problem with them is the list of confusing features like ;
- Cryptocurrency Deposits
- Game Tokens
- Staking &
- Digital collectibles and Marketplace
- Trade Positions
- Play Insurance
Holy 11 has built a no-nonsense and 100% transparent fantasy sports gaming platform with Fiat (INR) currency so as to make it easier for everyone to understand.
HOLY 11 is built with one purpose – to provide the best decentralized and the most transparent technology available to the world while building mass adoption of Distributed Ledger Technology (DLT) and Blockchain.