Top 10 Industries Relying On Blockchain Technology

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Building Exceptional Mobile

Top 10 Industries Relying on App for Patient Care


Blockchain Technology
Businesses looking for a promising future with
Blockchain Technology
Introduction

Blockchain is slowly finding its usage in almost every sector — from


Finance, governance, legal sector to education, healthcare and supply
chain industry. Here we have listed top 10 businesses looking at the
vast possibilities with Blockchain.
Why Blockchain?

Businesses can take advantage of Blockchain to


ensure full security & privacy, reduce their costs and
increase profits. Advantages of Blockchain
Technology for businesses in 2020 are:

1. Enhanced Security to business data making it


impossible for hackers to corrupt or steal.
2. Greater Transparency among the users who can
share the same data via a distributed ledger.
3. Reduced Costs by removing the need for third
parties, saving extra costs for businesses.
4. Increased Efficiency & Speed as it reduces time
taken as well as human errors in processing
10 Industries looking forward to a Great Future with
Blockchain

Blockchain Technology is the newest technology that is quickly becoming the


next major revolution in many industries. Next slides have the top 10
prominent industries that are witnessing a great future with blockchain
technology:
1. Banking & Finance Industry

• Stores money of their customers, and


facilitate transactions when required.

• Store permanent records of the millions


of transactions taking place daily.

• Reduces the risk by providing the most


secured records.

• Transact money faster and cheaper than


the traditional method.
2. Healthcare Industry

• Helps in sharing and storing of


medical data and records.

• Reduces chance of error, fraud, data


tampering and lost records.

• Offers an automated environment


where doctors and authorized staff can
easily access & transfer medical data.
3. Real Estate Industry

• Reduces paperwork involved in purchasing &


selling of property.

• Real estate transaction & escrow

• Helps in reducing fraud.

• Documents and transaction records are stored


securely at less cost.

• Increasing financial privacy

• Speedy transactions in the industry.


Legal & Crime Industry

• Storing and verifying legal documents and


data like wills, legal documents of assets, &
other forms of data.

• Eliminating any legal issues dealing with


inheritance & assets.
5. Insurance Industry
• Sharing of data in an efficient, secure, and
transparent manner.

• Revolutionize insurance policy systems onto


smart contracts.
6. Entertainment Industry

• Decentralizing the video encoding, storage, and content


distribution.

• Allowing artists to control their musical work.

• Empowering artists o extend their work ownerships


from ownership rights, copyright claims to first edition
rights & royalty payments.
7. Education Industry

• A combination of blockchain, cryptocurrency, and


virtual reality will change Education system for
betterment.

• The"3DInternet”by blockchain create a global


classroom like never before.

• A global community of faculty, campuses, students,


and curriculum and the students will encompass all
ages, cultures, and locations.
8. Government

•Blockchain’s Distributed Ledger Technology (DLT)


improves government services and foster more
transparent government-citizen relations.

•The distributed Blockchain system can work to


dramatically optimize business processes through more
efficient and secure data sharing.
9. Internet-of-Things (IoT)

• Blockchain will help you remain connected to the


world via Internet-of-Things. Statistics reveal that the
internet-of-things market is expected to top the $1
Trillion mark in the coming year
10. Food Industry
The topmost problem hitting the food industry today is Food
Safety, transparency and preventing fraud:

1. Food safety- Empowering the entire food chain to be more


responsive to any food safety disasters.
2. Preventing fraud- Audited through trusted third parties and
stored either on paper or in a centralised database.
3. Transparency- Data flowing through the blockchain network
is easily accessible to everyone.
4. Traceability- Blockchain can make food products to be traced
at any time.
Top Blockchain Development Company

So, now that you are aware of the powerful role of Blockchain technology into a wide
array of industries, it's high time to involve it into your business.

Hire best Blockchain development company that offers wide array of Blockchain
services from crypto Exchange & wallet Development, DApp, Escrow, Faucet &
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