5 Industries Blockchain technology will disrupt in the near future.
Banking & Payments
IBM predicts that about 50% of banks will be using the blockchain by the end of 2017Tech like bitcoins allows anyone to send money with low fees. bringing banking to people without access to banksBanks are using blockchain to increases transaction speeds
Cyber Security
Data is verified & encrypted Data is resistant to unauthorized changes & HacksBlockchain eliminates the need for middlemen
Supply Chain Managment
Transactions are documented in a permanent decentralized recordTransactions & data monitored securelyEfficiently monitor costs, time, waste, emissions & laborBlockchain can verify authenticity or fair trade status of products
Forcasting
Blockchain will change how we do research, consulting, analysis & ForecastingPlatforms that create global decentralized prediction marketsThis can be used to place & monitor online bets on anything from sports to stocks to elections in a decentralized way
Networking & IOT
Samsung & IBM want to create a decentralized network of IOT devices using blockchain techEliminating the need for central location to handle communications for IOT devicesDevices would be able to communicate directly, update software, manage bugs & monitor energy usage
Thanks for checking this bit of information out! More industries the blockchain will disrupt coming later this week!
-Spacebird
