The blockchain is one of the most promising new technologies for the future so what is it ? it's a distributed ledger technology that underlies crypto currencies like Bitcoin and provides a way to record and transfer data that is transparent safe auditable and resistant to outages. Blockchain has the ability to make the organizations that use it transparent, democratic, decentralized, efficient and secure. The blockchain is likely to disrupt many industries in the coming five to ten years. These are top 10 industries which will get disrupted :

#1 ► Banking and Payments

Some people say that the blockchain will do same with banking what the internet did to media. Blockchain technology can be used to give access to financial services to billions of people around the world including those in third world countries who don't have access to traditional banking technologies. Like Bitcoin allow anyone to send money across borders almost instantly in very low fees. Abra is a startup that is working on Bitcoin based remittance services and many banks like Barclays are also working on adopting blockchain technology to make their business operations faster more efficient and secure. Banks are also increasingly investing in blockchain projects and startups.

#2 ► Cybersecurity

Although the blockchain ledger is public the data is verified and encrypted using advanced cryptography. This way the data is less prone to being hacked or changed without authorization. The blockchain eliminates the need for middlemen making it more efficient than many legacy systems and cyber security.

#3 ► Real Estate

Some of the issues in buying and selling real estate our bureaucracy lack of transparency fraud and mistakes and public records. Using blockchain technology can speed up transactions by reducing the need for paper-based record-keeping. It can also help with tracking verifying ownership, Ensuring accuracy of documents and transferring property. Beads ubiquity is a block team secured platform for real estate record-keeping that is an alternative for legacy paper-based systems.

#4 ► Networking & Internet of Things

Samsung and IBM are using blockchain technology for new concepts called a debt which will create a centralized network of IOT devices operating like a public ledger for a large number of devices. It would eliminate the need for a central location to handle communications between them. The devices would be able to communicate to each other directly to update software manage bugs and monitor energy usage.

#5 ► Private transport

The blockchain can be used to create decentralized versions of peer-to-peer ride-sharing apps allowing both car owners and users to arrange terms and conditions in a secure way with of third-party providers startups working in this area. Included Arcade City and less use of building a wallet can allow for car owners to automatically pay for parking highway tolls and electricity top-ups to the vehicle.

#6 ► Cloud Storage

Data on a centralized server is inherently vulnerable to hacking data loss or human error. Using blockchain technology allows cloud storage to be more secure and robust against attack storage is one example of a cloud storage network using blockchain technology.

#7 ► Healthcare

One of the challenges hospitals face is the lack of a secure platform to store and share data and there are also often victims of hacking because of outdated infrastructure. Blockchain technology can allow hospitals to safely store data like medical records and share with the authorized professionals or patients. This will improve data security and can even help improve accuracy and speed of diagnosis.

#8 ► Energy management

Energy management has been a highly centralized industry for a long time. Energy producers and users cannot buy directly from each other and have to go through the public grid or trusted private intermediary. Transactive grid is a start-up using the etherium blockchain that allows customers to buy and sell energy directly from each other in a peer-to-peer way.

#9 ► Election Voting

Probably one of the most important areas of society that blockchain will disrupt is voting. The 2016 US election is not the first time certain parties were accused of rigging election results. Blockchain technology can be used for voter registration and identity verification and electronic vote counting to ensure that only legitimate votes are counted and no votes are changed or removed.

#10 ► Charity

Complaints in charity space include inefficiency and corruption which prevent money from reaching those who are meant to have it. Using blockchain technology to track donations can let you be sure that your money is going to end up in the right hands. Bitcoin based charities like big game foundation use blockchain secure and transparent distributed ledger to let donors see that the intended party has received the funds.

Thanks To Every Reader.

What's the new use of blockchain that you come to know after reading this?

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