4 Huge Industries That The Blockchain Will Disrupt

The blockchain technology has already made some great progress such as decentralized exchanges and prediction markets but also made everything to be efficient, secure and transparent. In the following years, it is highly likely to disrupt many industries. Such as:

1. Banking

The blockchain can be used to allow access to all financial services for all the people around the world including countries where traditional banking is impossible. This means that money transfers can be done globally in just a few minutes for very low costs. This can change the entire banking a payment system as one of the biggest industries in the world.

2. Supply

Every transaction made on the blockchain is documented permanently and it is made secure and transparent. This helps a lot in saving time and also reducing human errors. The blockchain also helps in controlling the real impact of the products on the environment. The distributed ledger allows the verification of the authenticity of trade products by tracking them from where they come originally.

3. Storage

When you keep your data on a centralized server, you are putting all the information at risk of hacking or data loss. With the blockchain technology, several applications have been developed such as STORJ for a more secure storage and more robust against cyber-attacks.

4. Voting

Blockchain technology can be used for voting too. Although it may sound a little crazy, this can help with the issues of rigged election results. Voters can register and only the legitimate votes to be counted without votes being deleted or changed. This can be a great step ahead in making elections more democratic.