You are probably familiar with Blockchain, which is often associated with Bitcoins and other cryptocurrencies. But the truth is, Blockchain has a bigger potential beyond digital money.

Blockchain and cryptocurrencies are not the same. Blockchain is the technology used to develop cryptocurrencies like Bitcoin and Ethereum. By definition, Blockchain is a decentralized ledger of transaction shared across a peer-to-peer network.

As a technology, Blockchain could be a solid ground on which other amazing innovations could be developed.

Right now, many companies from various industries are using blockchain to develop new technologies. Here are some examples:

Trading Platform : Trade.io, Ricex, Binance
Logistics : MOVA, CargoConX, Arcade City
Healthcare : Finalytics, Medical Chain, Nebula Genomics
Payment Gateway : Bitpay, CoinGate, CoinBase

There are a lot more information that you should read before you can fully grasp the full potential of blockchain. Check out this infographic on Blockchain beyond cryptocurrencies by Breadnbeyond (https://breadnbeyond.com/blockchain/beyond-cryptocurrency-infographic/) to learn more about this awesome invention.

Blockchain could also revolutionize the way you handle your content management system. Let’s dive right in.

How Could Blockchain Create a Better Content Management System?
First off, Blockchain leverages decentralized, peer-to-peer data management system. It means that in order to write an entirely new content management system, you’d be dealing with a resource-intensive task.

It’s almost safe to say that it would cost a lot more than using a cloud-based content management system like Wordpress.

That said, Blockchain does offer several groundbreaking features that centralized CMS’s do not have, one of them is smart contract execution.

Smart Contract for Content Management
Smart contract is essentially a contract which is converted into a string of codes. This code is then shared and replicated on the blockchain system -- which makes it virtually immutable.

Using smart contracts could help you with many things, including the exchange of money, property, shares, or any other valuable content.

The problem with a centralized CMS is that you have to pay the middlemen before you can conduct a safe transaction, which of course leads to cost inflation.

Using a smart contract allows you to bypass the middlemen, but also ensure that the transaction is safe.

What does Smart Contract offer?

Personal Data Theft Prevention

Have you ever a heard someone say “if you’re using something for free, then you’re the product”?

In the age of information like this, data is king. Every trace of information about you that you left while surfing the web will be mined and commercialized -- mostly for advertising purposes. Using smart contract could prevent the need of submitting personal information to access content on the internet -- which means fewer ads for the users!

Minimizing Content Piracy

Using smart contracts to manage your content could prevent piracy. With smart contract, only people with specific access code could get their hands on the content. For creative online workers, piracy is something that affect their business negatively -- which means smart contracts might be just the solution for them.
Conclusion
Smart contract, just like blockchain, is a concept with a ton of potential use cases. Although in the world of content management smart contracts are still at an early stage, the potential is there.

There are many experimental content management system underway in various fields such as legal, healthcare, music, logistics, etc. That said, the use of smart contract in digital content management system is still a long way from becoming a prominent competitor to the existing giants.

Author's Bio: 

Breadnbeyond is an award-winning explainer video company specializing in producing animated explainer videos. We create engaging animated explainer videos helps you introduce your brand, product, or service to the world – all from scratch, no template. Don’t worry about premium price tags. We have the best value-for-money in the explainer video industry. Hundreds of startups and large corporations from 26 countries that speak 14 different languages have trusted us for a total of more than 2,650 animated explainer videos. Visit breadnbeyond.com to see more of our awesome animations and competitive pricing.

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