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.