5 Industries That the Block-chain HAVE POTENTIAL TO CHANGE
List of the 5 industries that Blockchain technology is disrupting and the industries that Blockchain is poised to change.
- BANKING
Banking is the industry that will be affected by blockchain the most. This should come as no surprise. According to some experts, blockchain will cut the costs of financial intermediaries by $20 billion a year.
2.Cybersecurity
Blockchain is changing cybersecurity industry in a couple of ways:
.By eliminating the middle man in financial transactions, it reduces the number of possible links for hackers to exploit.
.It may shift the focus on safeguarding consumer devices, since many Bitcoin wallets are stored directly on their machines.
.Increasing the number of financial transactions requires cybersecurity professionals to develop new ways to monitor them.
3.Academia
Academia is possibly the last industry that you expected to be changed by blockchain. However, The Holbertson School started using blockchain to verify educational credentials of applicants in 2015.
4.Election Management
Many people have proposed electronic voting as a solution. However, that won’t be viable until two conditions are met:
.People can track their vote without letting it be compromised.
.It as secure as possible.
5.Supply Chain Management
Time delays and human error are two of the biggest problems with supply-chain management. Fortunately, both of these problems can be addressed with blockchain. Wholesalers, manufacturers, and buyers can all access transaction records through a decentralized ledger
SOURCE https://www.coinstaker.com
