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      "body": "Congratulations @oodlesblockchain! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@oodlesblockchain/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@oodlesblockchain) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=oodlesblockchain)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/valentine-s-day-challenge-give-a-badge-to-your-beloved\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/LvDzr5.png\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/valentine-s-day-challenge-give-a-badge-to-your-beloved\">Valentine's day challenge - Give a badge to your beloved!</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "memo": "Appreciated @oodlesblockchain. Sorry to intrude. I hope I'm not disturbing you with this message. My intention is to help promote the last post of my great friend @crypto.piotr about palnet.io and the HOPE project. I hope this reading is constructive for you. LINK: https://steemit.com/palnet/@crypto.piotr/project-hope-help-us-grow-by-making-a-simple-change",
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      "memo": "Dear @oodlesblockchain, I hope you don't mind this little memo. Just yesterday I published new post on Steemit asking all readers to share their opinion on particular topic: \"AIRDROPS - do you LOVE OR HATE them? or simply don't care?\". I would be glad if you would share your view on that issue. I read and upvote all interesting comments. Yours, Piotr // LINK: https://steemit.com/blockchain/@crypto.piotr/airdrops-do-you-love-or-hate-them-or-simply-don-t-care",
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      "memo": "Dear @oodlesblockchain, I hope you don't mind my little memo. Did you ever think about IMPACT OF \"ALIENS\" on our religions? I would like to share with you link to very interesting discussion \"How will the overwhelming discovery of extraterrestrial life affect our lives and beliefs?\" by @jadams2k18. Perhaps you will find it interesting (I read and upvote all interesting comments). Yours, Piotr // LINK: https://steemit.com/life/@jadams2k18/how-will-the-overwhelming-discovery-of-extraterrestrial-life-affect-our-lives-and-beliefs",
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      "memo": "Hello appreciated @oodlesblockchain. Do you know what IEO's are? In my last publication called \"IEO's The New ICO's\" you can get the answer. I would like to share it with you and know your valuable opinion about it. If you do not want to receive these types of notifications please tell me. LINK: https://steemit.com/crypto/@juanmolina/ieo-s-the-new-ico-s",
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      "memo": "Dear @oodlesblockchain, My good friend from Venezuela published recently very interesting post describing \"Behavior and evolution of cryptocurrencies ten years after its creation\". I found this post very valuable and wanted to share with you (my own attempt to promote quality content). I read and upvote all interesting comments. Yours, Piotr // LINK: https://steemit.com/blockchain/@fucho80/behavior-and-evolution-of-cryptocurrencies-ten-years-after-its-creation-what-to-expect-from-them-in-the-future",
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      "memo": "Dear [@username], Today I've tried to check my \"wallet\" only to realize that I need to sign in again in order to have an access to it. It seem that Steemit Inc made another awful change that WILL ONLY COMPLICATE this platform even more. Please check out my latest comment and share your view with me. I read all comments. Yours, Piotr // LINK:   https://steemit.com/steem/@crypto.piotr/re-steemitblog-social-condenser-is-live-20190403t083122138z",
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      "memo": "Dear @oodlesblockchain, My friend @julianhorack published very interesting post about CENSORSHIP on social media and on blockchain. He does believe that blockchain is our solution and I seem to disagree with his concept. Perhaps you would like to share your own opinion on this particular topic? I would APPRECIATE very much and I will read, upvote and reply to every single comment. Yours, Piotr // LINK: https://steemit.com/informationwar/@crypto.piotr/re-julianhorack-blockchain-as-the-liberator-of-the-masses-from-the-claws-of-the-nwo-20190330t110024985z",
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      "memo": "Hi again @oodlesblockchain. I hope you don't mind one more memo from me. If you do then please let me know and I will not bother you again. EACH WEEKEND I'm trying to promote 1-2 publications which I consider VALUABLE and related to BLOCKCHAIN technology. Good friend of mine @guysellars posted interesting article about KYC and AML. I would love to know what is your opinon on this particular subject. Yours, Piotr // LINK: https://steemit.com/bitcoin/@crypto.piotr/re-guysellars-kyc-and-aml-are-good-yum-20190324t092617518z",
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      "memo": "Dear @oodlesblockchain. Have you ever been wondering about purchasing your own NANO Ledger? I did several times. Friend of mine described his own valuable experience with this company and I would like to share link to his publication with you. Perhaps you will find it useful or even you could share your own experience with NANO Ledgers? I will gladly read all comments. Yours, Piotr // LINK: https://steemit.com/business/@crypto.piotr/re-roleerob-celebrating-good-business-latest-from-ledger-20190324t090152829z",
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      "author": "oodlesblockchain",
      "body": "<p>The article details the need for a blockchain healthcare application to reduce counterfeit medicines. It explains how blockchain solutions supplement the pharmaceutical industry to stop the influx of counterfeit drugs in distribution.</p>\n<p>Studies show that pharma companies face critical issues when counterfeit drugs get into the mainstream supply. Not only them, but also the patients who take such medications.</p>\n<p>Blockchain, by its design, is (i) <strong>immutable</strong>, (ii) <strong> robust</strong>, (iii) <strong>reliable</strong>, and (vi) <strong>secure</strong>. By using blockchain across the entire value chain, stakeholders can avoid several challenges and pitfalls.</p>\n<p>In this article, we attempt to provide a roadmap on how stakeholders can use a blockchain healthcare application to better the counterfeit situation.</p>\n<h2><strong>Reducing Counterfeit Drugs with a Blockchain Healthcare Application </strong></h2>\n<p>Improper management of the supply chain is one of the biggest challenges in any every industry. Especially, healthcare has additional risk and complexity. A compromised supply chain in healthcare means compromised safety of patients.</p>\n<p>Increased globalization, adoption of technology, and the involvement of multiple stakeholders are the reason for a complicated health supply chain.</p>\n<p>According to a study, global pharmaceutical sales estimate was USD 1.1 trillion in the year 2015. No doubt, the number could be twice or more in the future.</p>\n<p>Here, a blockchain healthcare application can prove to be the panacea.  Blockchain improves integrity, security, and data provenance of the supply chains with its attributes like transparency, immutability, and auditability.</p>\n<h2><strong>Blockchain in Pharma Supply Chain: Re-modeling the Process</strong></h2>\n<p>Generally, these stakeholders have their involvement in the dispersal of drugs:</p>\n<ul>\n<li>Manufacturers</li>\n<li>Logistic Service Providers</li>\n<li>Distributors</li>\n<li>Hospitals/Pharmacies</li>\n</ul>\n<h3><strong>Manufacturing of drugs and adding QR codes</strong></h3>\n<p>After manufacturing the drugs, a manufacturer adds the QR code to them. It provides information like item name, timestamp, location and manufacturing, and the expiry date. A blockchain healthcare application, probably built on the <a href=\"https://blockchain.oodles.io/ethereum-blockchain-solutions/\">Ethereum blockchain</a>, stores all the information on the database. Once information added to the blockchain, a hash ID tracks back the transactions.</p>\n<p>Further, the IoT-enabled vehicles with temperature sensors ship them to the distributors to allow cold-chain shipping.</p>\n<blockquote><p><strong>You may also like</strong>:  <a href=\"https://blockchain.oodles.io/blog/blockchain-based-healthcare-applications/\">Blockchain in Healthcare | For Reorganizing Your Healthcare Experience</a></p></blockquote>\n<p>Stakeholders can exchange and store the data gathered by the temperature sensors on the blockchain for tracking anomalies. In the case of an audit of the storage conditions of temperature-sensitive drugs, the distributed ledger (blockchain) can save a considerable amount of time.</p>\n<h3><strong>Dispersal of drugs to hospitals/pharmacies</strong></h3>\n<p>Once the drugs delivered to distributors, they check the provenance of medicines using the hash ID stored on the blockchain. They can access all the information added by the manufacturers.</p>\n<p>Then, distributors verify the received drugs and sign the transactions digitally. It triggers smart contracts to enable the delivery of drugs to hospitals/pharmacies.</p>\n<h3><strong>Hospitals/pharmacies receive drugs and validate their authenticity</strong></h3>\n<p>Hospitals/pharmacies receive drugs and validate their authenticity</p>\n<p>After receiving the drugs, pharmacists can trace back the origin of the drugs through the hash ID. They can even trace if any illegal distributor has tried to counterfeit drugs with a fake drug ID. It will nullify the transactions because of the fraudulent information provided about the drug.</p>\n<p>Also, unauthorized individuals won’t be able to execute transactions in the drug supply chain ecosystem. Only those who have access to a valid private key would be able to do so. Ultimately, pharmacies would be able to track anomalies happened within the transactions immediately.</p>\n<p>Upon the approval of drugs by the pharmacist, blockchain would store the transaction and ensure a legal trade.</p>\n<h3><strong>Patients check the drugs using the QR code to track the origin</strong></h3>\n<p>Patients can ensure whether the medication they are buying is safe or not. They need to scan the QR code via a mobile app to know its source and quality standards.</p>\n<p>Again, through the hash ID attached to the QR code patients can access all essential details.</p>\n<p>Eventually, the use of a blockchain application would enable streamlined monitoring of movement and stakeholders involved in the distribution of drugs.</p>\n<h2><strong>Oodles Blockchain also strive to develop efficient blockchain based healthcare applications for pharma supply chains</strong></h2>\n<p>Our blockchain experts develop such applications on a distributed ledger platform to enable end-to-end traceability of drugs. Clients looking to solve problems like thefts transparency, and recalls in the shipment of medicines can <a href=\"https://blockchain.oodles.io/contact-us/\">connect with us</a>.</p>\n<p>Indeed, healthcare blockchain solutions provided by our team of blockchain development experts empower the entire drug supply chain. By equipping it with tracing and traceability features of blockchain, they transform your pharmaceutical supply chain.</p>\n<h2><strong>The bottom line</strong></h2>\n<p>Using a blockchain <a href=\"https://blockchain.oodles.io/blog/blockchain-technology-in-healthcare/\">healthcare application</a>, we can shift the governance model of the drug supply chain to surveillance net (where every stakeholder survey the actions in the supply chain in a transparent way.)</p>\n      </p>\n   </li>\n</ul>\n    \n<hr/>\n\nSource https://blockchain.oodles.io/blog/blockchain-healthcare-application/",
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      "memo": "Dear @oodlesblockchain. Hope you don't mind this memo. If you do then please let me know and I will not bother you again in the future. Just wanted to share with you link to amazing publication related to ARTIFICIAL INTELLIGENCE by my friend @neavvy. He \"touched\" very interesting topic: could AI disturb and dominate social media platforms (including Steemit) in the nearest future? I would LOVE to hear your opinion on that particular topic. Check out my comment and share your view. Yours, Piotr // LINK: https://steemit.com/steemstem/@crypto.piotr/re-neavvy-ai-learns-to-play-flappy-bird-the-impact-of-machine-learning-on-steem-blockchain-20190310t074433939z",
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{
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      "author": "oodlesblockchain",
      "body": "@@ -534,16 +534,19 @@\n stors.%0A%0A\n+%3Cb%3E\n Why is B\n@@ -566,16 +566,22 @@\n  Answer?\n+ %0A%3C/b%3E\n %0ATransac\n@@ -1609,16 +1609,17 @@\n markets%0A\n+%0A\n Benefits\n@@ -2398,16 +2398,19 @@\n truth.%0A%0A\n+%3Cb%3E\n How Bloc\n@@ -2465,16 +2465,21 @@\n e Sector\n+%3C/b%3E%0A\n %0AIdentit\n@@ -4320,124 +4320,8 @@\n n.%0A%0A\n-Also Read:%0A%0AThree Key Areas of Blockchain Applications In Insurance%0A%0AThe Blockchain Revolution In Insurance Industry\n \n+\n %0A%0ABl\n@@ -4838,16 +4838,19 @@\n sible.%0A%0A\n+%3Cb%3E\n Blockcha\n@@ -4875,16 +4875,20 @@\n nsurance\n+%3C/b%3E\n %0A%0ABlockc\n@@ -5258,16 +5258,19 @@\n itory.%0A%0A\n+%3Cb%3E\n Blockcha\n@@ -5285,16 +5285,20 @@\n tomotive\n+%3C/b%3E\n %0A%0ABlockc\n@@ -5674,16 +5674,19 @@\n ssing.%0A%0A\n+%3Cb%3E\n Blockcha\n@@ -5712,16 +5712,20 @@\n e Sector\n+%3C/b%3E\n %0A%0AAlthou\n@@ -6265,16 +6265,20 @@\n aries.%0A%0A\n+%3Ch1%3E\n Developi\n@@ -6316,16 +6316,21 @@\n nsurance\n+%3C/h1%3E\n %0AOodles \n@@ -6892,12 +6892,84 @@\n et.%E2%80%9D%0A%0ASource\n-\n \n+ https://blockchain.oodles.io/blog/blockchain-applications-in-insurance/\n",
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      "title": "Why Every Insurance Company Needs a Blockchain Based Solution"
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{
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      "author": "oodlesblockchain",
      "body": "![](https://cdn.steemitimages.com/DQmSpBoY25qJnL1wxuha59BKpGcRFnWeenAfVQiBCh8gpdz/image.png)\n\nTransparency, immutability, and security, some of these worlds have become synonymous with blockchain. The revolutionary tech is finding its applications in almost every business niche. Today, we’ll be exploring blockchain applications in Insurance. Surprisingly, the amalgamation of blockchain and insurance is not only a discussion topic but also a high point of conversation among the technology providers, insurance providers, and investors.\n\nWhy is Blockchain the Answer?\nTransactions in a blockchain database get time-stamped. It makes easy for everyone in the network to trace the origin and destination. Also, blockchain forms as the underlying technology for various applications aimed at benefitting public. Its features are endless which make it a trending technology. It is the reason, the applications of blockchain are expanding exponentially in various industries. In result, the demand has gradually surpassed the supply of blockchain developers.\n\nWhen it comes to the insurance sector, the database is the key. However, technology enthusiasts add up to the confusion by saying that blockchain is a substitute for the database. Instead, we should call it the internet based smart database which is more efficient and secure than what we have today.\n\nThe fundamental features of blockchain provide a series of benefits to the insurance firms, the likes of which are the following:\n\nCustomer identity and AML\nUnderwriting\nDistribution\nInnovative products\nClaims handling\nReinsurance\nCapital markets\nBenefits of Blockchain Applications In Insurance\nBlockchain can streamline, modernize, and enhance the siloed infrastructure of the Insurance sector using a shared ledger of common information.\n\nSimplified Operations\n\nReduces human intervention required to perform reconciliation and fix disputes.\n\nEnhanced Regulatory Efficiency\n\nAllows real-time tracking of the financial activity of regulated entities by regulators.\n\nReduced Counterparty Risk\n\nEliminates the need to rely on counterparties to achieve obligations through smart Contract.\n\nReduced Clearing and Settlement time\n\nNo need for third parties for verification/validation. Thus, expediting settlements.\n\nMinimized Frauds\n\nEnables complete transaction history and asset provenance maintenance within a single source of truth.\n\nHow Blockchain Addresses the Pain Points in the Insurance Sector\nIdentity Theft\n\nIndustry leaders accuse that false claims, fraud detection, and time-consumption in application verification are the issues that hinder flawless operations. Here, blockchain based insurance applications might come as a solution. Blockchain could be utilized as a distributed database having both internal and external customer data. Once the system implementation is successful and filled with information, the platform would automatically verify the documents like medical reports, address proofs, etc. Not only would it expedite the entire processes but also aid in reducing human intervention. Eventually, lowering the possibilities of errors.\n\nDecentral Data Repository\n\nBe it any business niche or industry, one of the primary concerns is the security of data. Various current data security systems, whether in banking, insurance, or healthcare, are vulnerable to threats and hacks. You might have also heard numerous cases of data hacks and breaches.\n\nHere, blockchain can emerge as the solution. Unlike traditional systems, in blockchain, data doesn’t get stored in at a central repository. It gets saved on the distributed nodes that form a blockchain network. It means anyone on the chain can view the transactions. Also, making any alterations to data require changing all previous blocks of information or the majority of the network consensus. Thus, making the system safe and secure. Furthermore, blockchain uses the means of military-grade security mechanisms for information encryption. Thus, maintaining the anonymity factor.\n\nCost-Effective Opportunities\n\nAccording to the report published by PwC, blockchain, with its unique attributes, can make data processing more efficient and reduce frauds. Overall, it could remove 15-20% of overheads incurred during the insurance process and save around $5-10 billion.\n\nAlso Read:\n\nThree Key Areas of Blockchain Applications In Insurance\n\nThe Blockchain Revolution In Insurance Industry\n\nBlockchain Applications in Insurance Verticals\nInitially, we focussed on the overall blockchain’s benefits in the insurance sector. Now, let’s understand how blockchain simplifies other sectors within the insurance industry.\n\nAs we know it is quite messy and a cumbersome process to the get the insurance claim. To streamline this, we require improved and interconnected processes. Here, blockchain based insurance applications can help catalyze the complete process of the insurance domain. Here’s how it is possible.\n\nBlockchain in Healthcare Insurance\n\nBlockchain aims to address the shortcomings of contemporary data management systems of the healthcare sector. By interconnecting all the medical facilities, insurers, physicians, patients, etc. blockchain based healthcare solutions improve the level of care of patients. Additionally, they also streamline the complex processes by saving all the data in a central repository.\n\nBlockchain in Automotive\n\nBlockchain can be beneficial for the automotive industry in two ways. First, it can form an interconnected ecosystem of all the users and service providers. With the help of shared ledger, all the information can be readily made available. Thus, helping auto insurers in lowering risks and frauds. Second, using blockchain smart contracts, insurers can fasten the claim processing.\n\nBlockchain in Life Insurance Sector\n\nAlthough life insurance seems easy and simplified, the process of getting a claim is a daunting task.\n\nDuring the process, applicants face numerous questions, innumerable paperwork, and money drainage. However, with blockchain based insurance applications, agencies can make things straightforward. By forming a consortium of government agencies, medical facilities, etc. blockchain can all information available at the disposal. In addition, insurance firms can choose to develop smart contracts to automate payouts to respective beneficiaries.\n\nDeveloping Blockchain Applications in Insurance\nOodles has set out to explore the potential of distributed ledger technology (DLT) like Blockchain. We wish to see the use of blockchain applications in Insurance on a global scale. It could form an improved value chain of all stakeholders. We develop efficient blockchain based insurance applications by developing them on a platform that can bring better outcomes and opportunities.\n\nEventually, we can help the community of shareholders, partners, and customers to form a netwource: ork of insurance services and products designed “by the market, for the market.”\n\nSource",
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      "body": "![Blockchain-Development-in-Singapore-An-Emerging-Trend-In-Technology-Landscape.jpg](https://cdn.steemitimages.com/DQmdPQ5Je2ehsB7ccXERcx6C6gKmxBYk4Vp7P6Ws8QjnBR4/Blockchain-Development-in-Singapore-An-Emerging-Trend-In-Technology-Landscape.jpg)\n\n<b>Blockchain </b>, the underlying technology of cryptocurrencies, is now in every industry.\n\nCompanies representing different industries are developing blockchain solutions to achieve transparency, security, and trust in the ecosystem.\n\nAlong with countries like Australia and Canada, Singapore is also becoming one of the leading blockchain development countries globally.\n\nAccording to the PWC report, 82% of executives participated in the survey reported that blockchain development in Singapore is expediting. Also, the rest 13% of them said that they have already opened their initiatives to the market.\n\nSo, read on to know the prominent initiatives revolving around blockchain development in Singapore.\n\n<h1>Blockchain Development in Singapore </h1>\n \n\n<b>Education</b>\nBlockchain applications are enabling employers and universities to verify the qualifications of students or employees using smart contracts.\n\nA public institution for higher learning in Singapore called Ngee Ann Polytechnic (NP) uses blockchain to authenticate the NP’s diplomas. It is the first educational institute in Singapore using blockchain to enhance their processes.\n\nWith such a transformation, employers can request a student to show the Blockchain ID. They can use this blockchain ID to retrieve students immutable academic records and education history stored on the blockchain.\n\nNational University Singapore is providing classes on the blockchain technology to the students and has partnered with IBM. All this is being done to get a curriculum about the distributed ledger technologies.\n\n<b>Airline Industry</b>\nSingapore is among those countries which are exploring the potential of blockchain in the airline industry. The reason for this rapid adoption is quite significant. The blockchain is enabling stakeholders involved in air travel to access up-to-date and authentic details regarding departures, delays, and arrivals.\n\nKrishflyer is a Singaporean Airlines. It has switched its loyalty and payment programme to the blockchain. Now, it uses its digital wallet for transactions.\n\n<b>Government/ Public Sector</b>\nFrom voting to health record management, taxation to welfare payments, governments around the globe are thinking about blockchain. The countries are exploring ways to integrate it with their administration to revamp various operations.\n\nSoon, we can see Singapore walking in the footsteps of countries like Estonia or Georgia.\n\nAs per reports, the Public Service Division has stated that the Singapore government could use blockchain for numerous things. It would use it; to verify a vendor’s track record on Gebiz (A one-stop e-procurement portal of Singapore Government), track public officers’ activities, and enhance or even change the auditing processes.\n\nThe customs authority in Singapore has developed a national trade platform (NTP) using the blockchain technology. This platform would connect community systems, platforms, businesses, and government systems.\n\nThis blockchain based trading platform might replace the existing TradeNet and TradeXchange platforms used for logistics and trading.\n\nAnother project is Project Ubin. It is in its second phase. Launched by the Monetary Authority of Singapore (MAS), the project conjuncts various financial institutions and technology partners.\n\nUsing the DLT, the project has piloted interbank payments. Currently, under the project, the evaluation is underway to find out how to use crypto-tokens as virtual Singapore dollars.\n\nIf cryptocurrency payments solutions experience widespread adoption, it could simplify settlements in financial services, such as for cross-border trading and payments.  \n\nSource : https://blockchain.oodles.io/blog/blockchain-development-in-singapore/",
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      "body": "Hello @oodlesblockchain! This is a friendly reminder that you have 3000 Partiko Points unclaimed in your Partiko account!\n\nPartiko is a fast and beautiful mobile app for Steem, and it’s the most popular Steem mobile app out there! Download Partiko using the link below and login using SteemConnect to claim your 3000 Partiko points! You can easily convert them into Steem token!\n\nhttps://partiko.app/referral/partiko\n\n![](https://d1vof77qrk4l5q.cloudfront.net/statics/partiko-poster-best-steem-app-for-your-phone.jpg)",
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      "body": "<b>Blockchain</b> is gradually taking over the business world by storm. After cryptocurrency success, blockchain is making its way into other industries like healthcare, real estate, finance, gaming, social media, and so on.\n\nThe unprecedented rise of cryptocurrencies in the last decade has paved a new path for various industry verticals. Using the attributes of blockchain like transparency, immutability, and decentralization, they are improving their financial transactions and operations. Thus, eradicating complexities from the most fundamental day-to-day operations.\n\nThe innovative concept of blockchain is significantly reaching the masses. It is steadily impacting various areas of life, including the complex real estate landscape.\n\nFor instance, issues like lack of transparency and data redundancy in the rental agreements’ processes require immediate changes.\n\nConsidering the daily dealings of real estate companies with contracts, “smart contracts” were need of the hour and indeed, a much-awaited breakthrough.\n\nHowever, interestingly, a computer scientist named Nick Szabo conceived the concept of digital contracts over 20 years ago.\n\nHe proposed that the real estate industry requires smart contracts. Because in a real estate office, numerous people deal with disagreements due to agreements created informally, such as those based on people’s selective memory.\n\nNonetheless, if your wallet comes integrated within a smart contract implemented especially for such deals, it is immutable and fixed.\n\nIn that case, either you’re in, or not. Here, trust is getting automated.\n\nIndustry giants, those knowing the power of blockchain based smart contracts, are bringing this topic up for discussion from scratch.\n\n<b>What Are Blockchain Based Smart Contracts in Real-Estate?</b>\nEssentially, a smart contract deployed over a blockchain platform is a legit digital agreement system. In which, clauses get automatically executed without involving any intervention of the third party.\n\nDue to blockchain’s decentralized feature, the mentioned terms and conditions are explicitly transparent.\n\nAlso, smart contracts allow tokenizing a property, thus, providing value to the token of the respective asset.\n\nAnother significant advantage of smart contracts over physical alternatives is the opportunity of automatic execution of contract verifications and rental agreements.\n\nWhat Can We Accomplish with Blockchain Based Smart Contracts in Real Estate?\nRent Agreements\n\nApproval and verification are two of the most time-consuming processes in rental agreements. It gets cut down into two steps. Real estate and bank fees get eschewed due to two-party involvement.\n\n<b>Rent Payment</b>\n\nThe secure blockchain technology backs up a clear and rigorous schedule for timely rent payments.\n\n<b>Establishing a Security Deposit:</b>\n\nFollowing the deposit clauses mentioned in the contract, damage charges obtained at the end of the lease.\n\n<b>Open House Hosting</b>\n\nWith the help of Smart Lock Technology, you can allow a tenant to visit your property by connecting the smartphone to the lock of the door to open it.\n\n<b>Also Read:</b>  How Blockchain Can Influence Real Estate Investing\n\n<b>Real-world Smart Contracts Solutions Presented by Oodles </b>\nGiven the ongoing advancements and evolvement of the automation process, Oodles Blockchain can help you develop your version of a smart contract.\n\nAt https://blockchain.oodles.io , smart contract experts ensure that the process of transitioning a traditional contract to digital contract is efficient and effortless.\nIf you integrate a blockchain based application of an autonomous system like the mentioned above, it can benefit in many areas of the business.\n\nSource:  https://blockchain.oodles.io/blog/blockchain-based-smart-contracts-real-estate/",
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