19 Industries the Blockchain Will Disrupt

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 cryptocurrencies like Bitcoin and provides a way to record and transfer data that is transparent, safe, auditable, and resistant to an outage. Here are 19 industries that the blockchain will disrupt in the in near future:

  1. Banking and Payments – Retailers have started accepting bitcoin and other cryptocurrencies as forms of payment.
  2. Cyber Security – The blockchain is decentralized which will limit the ability to hack blockchain enabled systems.
  3. Supply Chain Management – Will reduce counterfeit and fraud.
  4. Forecasting (Research Consulting Analysis) – The blockchain will raise the data input. With more data forecasting will become more accurate.
  5. Networking and Internet of Things – The blockchain will connect the “things” all around us to the internet.
  6. Insurance – Security will increase.
  7. Private Transport and Ride Sharing – Creating peer-to-peer ride-sharing apps and payments.
  8. Online Data Storage – Security will increase.
  9. Charity – Lower the amount of corruption and inefficiency
  10. Voting – Sierra Leone has already held the first blockchain-powered presidential vote. To read more about the election visit our news article here.
  11. Government – Reduce bureaucracy and increase security efficiency
  12. Public Benefits – End slowness and bureaucracy in distributing welfare and unemployment.
  13. Healthcare – The blockchain will secure data for patients
  14. Emergency Management  
  15. Online Music – Ensuring that musicians get paid the proper amount for the music that is downloaded and streamed.
  16. Retail Marketplace – Retailers have started accepting cryptocurrencies and they can track the supply chain of their goods.
  17. Real Estate – More transparency about home improvements and speeding up the buying/selling process.
  18. Crowdfunding – ICOs are already changing the way people raise money for startup companies.
  19. Your Industry

The Future of the blockchain is uncertain but promising.