5 Industries the Blockchain will disrupt! Part 2

in #blockchain6 years ago

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5 Industries Blockchain technology will disrupt in the near future.

Insurance

  • The global insurance market is based on trust, the blockchain can help facilitate that trust
  • Blockchain is a new way to manage trust. It can be used to verify all types of data
  • Oracles can be used to integrate real world data with blockchain smart contracts
  • Private transport & Ride Sharing

  • Blockchain can be used to create decentralized peer to peer ride sharing apps
  • This allows both car users and riders to exchange funds in a secure way without thrid party apps
  • Cloud Storage

  • Centralized servers are vulnerable to hacking, data loss and human error
  • Blockchain allows cloud storage to be more secure and robust against attacks
  • Charity

  • Common complaints with charity organizations is corruption and inefficiency
  • Blockchain will let donors see the intended parties received the funds
  • Voting

  • Blockchain can be used for voter registration and identity confirmation
  • Blockchain can be used to count and record votes
  • Immutable, public accessible ledger of recorded votes would help bring transparency to democracy
  • Thanks for checking this bit of information out! More industries the blockchain will disrupt coming later this week!

    -Spacebird

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    Cant wait for all of these sectors to incorporate bitcoin technology. Voting especially!

    Me ether! If Crypto Kitties is a million dollar idea image what else we have in store for us!!

    Smart contracts 4eva!!

    What are your thoughts on blockchain disrupting the cyber security industry

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