Top 10 industries the Blockchain will disrupt
The Blockchain is One of the most promising new technologies for the future.
So what is it ?
Distributed ledger technology that underlines cryptocurrency, it is transparent , safe, auditable and resistant to outrage. Also, the Blockchain makes things democratic, decentralized, efficient, and secure.
Industries ripe for disruption by the Blockchain....
- BANKING & PAYMENTS
Some say the Blockchain will do to banking what the internet did to media . Blockchain banks the unbanked
2)CYBER SECURITY
Data is verified and secured using cryptography resistant to unauthorized changes and hacks and eliminate the need for the middleman
3)SUPPLY CHAIN MANAGEMENT
Transactions are documented in a permanent decentralized record and monitored securely and transparently. It can also keep track of time , cost , labor , waste , and emissions.
4)FORECASTING
Blockchain will change how we do research, consulting , analysis, and forecasting
5)NETWORKING AND INTERNET OF THINGS
Samsung and IBM wants to create a decentralized network of IOT devices using the Blockchain
6)INSURANCE
The global insurance market is based on trust management.
7)PRIVATE TRANSPORT AND RIDE SHARING
Blockchain can be used to create decentralized peer to peer ride sharing apps
8)ONLINE DATA STORAGE OR CLOUD STORAGE
Centralized servers are vulnerable to hacking data loss and human error
9)CHARITY
Common complaint in the charity space include inefficiency and curruption
10)VOTING
The Blockchain will disrupt voting it can be used for voting , registration, verification and vote counting
There is no limit for Blockchain technology only time will tell ! Thanks for taking the time to read my content!