5 Industries Blockchain technology will disrupt in the near future.

Banking & Payments

IBM predicts that about 50% of banks will be using the blockchain by the end of 2017

Tech like bitcoins allows anyone to send money with low fees. bringing banking to people without access to banks

Banks are using blockchain to increases transaction speeds

Cyber Security

Data is verified & encrypted

Data is resistant to unauthorized changes & Hacks

Blockchain eliminates the need for middlemen

Supply Chain Managment

Transactions are documented in a permanent decentralized record

Transactions & data monitored securely

Efficiently monitor costs, time, waste, emissions & labor

Blockchain can verify authenticity or fair trade status of products

Forcasting

Blockchain will change how we do research, consulting, analysis & Forecasting

Platforms that create global decentralized prediction markets

This can be used to place & monitor online bets on anything from sports to stocks to elections in a decentralized way

Networking & IOT

Samsung & IBM want to create a decentralized network of IOT devices using blockchain tech

Eliminating the need for central location to handle communications for IOT devices

Devices would be able to communicate directly, update software, manage bugs & monitor energy usage

Thanks for checking this bit of information out! More industries the blockchain will disrupt coming later this week!

-Spacebird