top industries influenced by blockchain

harvestt

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Quote from: jake zyrus on July 18, 2019, 05:57:52 AM

Blockchain can really be beneficial in different areas just like the ones that are mentioned in the link. But it still need to get a lot of recognition. There are still a lot of people who doesn't know about it. It's better to start off with educating people about blockchain But maybe in the near future, blockchain technology can be widely spread around the world.

Many large companies have already begun to master blockchain technology for many areas

jake zyrus

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Blockchain can really be beneficial in different areas just like the ones that are mentioned in the link. But it still need to get a lot of recognition. There are still a lot of people who doesn't know about it. It's better to start off with educating people about blockchain But maybe in the near future, blockchain technology can be widely spread around the world.

phamminhtan

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Blockchain has changed everything, it is very safe and trusting, it has improved many areas to make it more transparent and will not stop there ..

eternalgloom

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They've forgotten to mention one industry that has already been completely transformed by blockchain technology: online gambling.
I know it might not be as interesting as all the other ones listed, but the amount of technological advances made to online gambling is simply amazing when you think about it.

Now it's possible to gamble completely provably fair and check the provable fairness by yourself.
Gone are the days of waiting for days to receive your withdraws & you can gamble fully anonymous, since most crypto gambling websites do not require KYC.

And let's face it, a big chunk of all crypto transactions are used for gambling, whether you like it or not, it's a big use-case for crypto in general.

muslol67

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Quote from: Wind_FURY on July 18, 2019, 05:16:00 AM

OP, those "industries" in that blog need a database, not a blockchain. When someone says, "We will build a blockchain for scalability, and speed", it's usually a database. They will tell you, "It's decentralized", but it's not trust-minimized.

A real blockchain utilizes POW to come to consensus, but it's slow, and not scalable.

I agree with you. I don't even like projects that work with POS integration using the name Blockchain. Imagine you're making a vital change to one of your most important issues and trying to stay in the same place. I'm having trouble understanding this.

For example, IOTA uses a different structure and its name is Tangle. I think they should have found a different name in their POS projects.

Wind_FURY

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OP, those "industries" in that blog need a database, not a blockchain. When someone says, "We will build a blockchain for scalability, and speed", it's usually a database. They will tell you, "It's decentralized", but it's not trust-minimized.

A real blockchain utilizes POW to come to consensus, but it's slow, and not scalable.

BY_ATOM

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Blockchain is the future. It's hard to argue with that. And the fact that it finds application in our lives, it is predictable. The only thing that confuses me is the slow pace of implementation in everyday life. I would very much like that this technology would be the most widespread in the medical and banking sector. There were several startups related to health care, but alas they all disappeared. And it makes me very sad....

maydna

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We need more industries to get influence from blockchain so the adoption process will continue. But now, I think we need more implementations of the user of the blockchain, and I guess that still only a few industries or company that used blockchain in their business. We still get lack of the implementation of using the blockchain itself because I think the blockchain still try to improve to the better than before. So we need more time to see this will grow widely in all of the business.

bitbunnny

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Quote from: hatshepsut93 on July 17, 2019, 07:20:36 PM

Quote from: liovaltro on June 21, 2019, 12:18:51 AM

I have found an interesting article https://medium.com/altcoin-magazine/top-10-industries-influenced-by-blockchain-c8c2b6a914a1 how blockchain is implemented in different spheres to simplify the job and I must agree it's really great to hear, but why any country hasn't implemented it into its structure yet just other spheres?

Don't have any illusions, blockchain is not widely adopted and used in production, with the recent stackoverflow developer survey results showing that more than 80% developers say that they don't use blockchain and a high amount of developers are skeptical about its future. The article just lists startups that promise to do something with blockchain, but show me how many of those startups have turned into successful and recognized companies.

It's true, blockchain is still not widely used because of various reasons but I think this will change. There are a lot of industries where it could be implemented like finances, healthcare, agriculture and similar and many governments are also interested to see implementaion of blockchain. That is why regulation is changing, some national plans and strategies are being developed, at least in Europe, as far as I know.

ramsdaj28

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Quote from: liovaltro on June 21, 2019, 12:18:51 AM

I have found an interesting article https://medium.com/altcoin-magazine/top-10-industries-influenced-by-blockchain-c8c2b6a914a1 how blockchain is implemented in different spheres to simplify the job and I must agree it's really great to hear, but why any country hasn't implemented it into its structure yet just other spheres?

It's more complicated than you think. Governments are still hesitant to fully implement or allow cryptocurrencies to run in their respective countries. There's a lot of thing that should be considered when it comes to implementing cryptocurrencies.

First, every country has already its own currency (fiat). What's the point of using cryptocurrencies if you already have your own currency that can be used in business transactions? Okay, let's say cryptos will make the transaction faster, but is it really a guarantee that the transaction will be faster using cryptos than using fiat?

Second, TAXATION. Due to cryptocurrency's volatility, taxation will be a hard thing to monitor if ever companies will fully implement fiat-less transactions. Let's take bitcoin as an example. Almost every hour, there's a significant change in the value of bitcoin. With that case, there will be some confusion with the income tax of the company (esp. that tax are collected in fiat, not in crypto). It will be a chaos if that happens.

hatshepsut93

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Quote from: liovaltro on June 21, 2019, 12:18:51 AM

I have found an interesting article https://medium.com/altcoin-magazine/top-10-industries-influenced-by-blockchain-c8c2b6a914a1 how blockchain is implemented in different spheres to simplify the job and I must agree it's really great to hear, but why any country hasn't implemented it into its structure yet just other spheres?

Don't have any illusions, blockchain is not widely adopted and used in production, with the recent stackoverflow developer survey results showing that more than 80% developers say that they don't use blockchain and a high amount of developers are skeptical about its future. The article just lists startups that promise to do something with blockchain, but show me how many of those startups have turned into successful and recognized companies.

Baofeng

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Quote from: liovaltro on June 21, 2019, 12:18:51 AM

I have found an interesting article https://medium.com/altcoin-magazine/top-10-industries-influenced-by-blockchain-c8c2b6a914a1 how blockchain is implemented in different spheres to simplify the job and I must agree it's really great to hear, but why any country hasn't implemented it into its structure yet just other spheres?

I didn't click on the link but here is my take, blockchain is a revolutionary technology no doubt about it. However, there are some entities who are just jumping on the bandwagon. I mean if your companies can still maintain and hold data in a traditional and centralised database, then you don't need to upgrade to blockchain simply because you hear your competitor is migrating to this technology. As the saying goes, 'if ain't broke don't fix it", otherwise you might be just wasting a lot of time and money for the implementation.

AG3NT0R4NG3

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Quote from: sehoon on July 08, 2019, 07:21:39 AM

This is not really surprising since blockchain is considered to be one of the top technologies in this generation. AI is the first one and blockchain is the second. Robotics became nothing anymore. I expect that that use of blockchain will become wider since it has a lot of advantages especially when it comes to security.

I have to disagree with your view on robotics, as the technology will obviously become dominant and rearange the workforce structure. It looks like it will take 50 years instead of 10-20 that it was expected though. But it is not nothing as you call it. It is a different technology from the above mentioned that can operate in parallel with Blockchain and AI and provide amazing results. I think both of these three technologies will make wonders and can be considered equal.

Herbert2020

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Quote from: sehoon on July 08, 2019, 07:21:39 AM

This is not really surprising since blockchain is considered to be one of the top technologies in this generation. AI is the first one and blockchain is the second. Robotics became nothing anymore. I expect that that use of blockchain will become wider since it has a lot of advantages especially when it comes to security.

actually i have only seen people who are in this market and trading cryptocurrencies to make money who are the main people who think like this!
otherwise when you look elsewhere in the real world and talk to different industries you can see that they are not even aware of the blockchain technology and those who are, consider it to be a waste of resources.

sehoon

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This is not really surprising since blockchain is considered to be one of the top technologies in this generation. AI is the first one and blockchain is the second. Robotics became nothing anymore. I expect that that use of blockchain will become wider since it has a lot of advantages especially when it comes to security.

Pursuer

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the only industry that I can see be affected by the blockchain technology is the banking industry since they first are threatened by the decentralized currency called bitcoin and second they can adapt their systems and take advantage of it to surpass their competitors.

I read that article and almost all cases mentioned there aren't using the blockchain technology at all. for instance under advertising it mentions Brave browser, they are not using the blockchain technology. they only raised money through an ICO and they are handling transactions through cryptocurrencies. you can't categorize that under advertising and call it usage of blockchain. if anything it is using cryptocurrencies for payment which is the ONLY usage.

YuginKadoya

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We can really see the great side of blockchain and it's used in different aspect aside cryptocurrency I guess we can sure say that this technological aspect is an advancement to the normal typical way we can see things it can make the work faster, smarter way to save something into a ledger by all means if it is digital then the process can work into it, I think education can sure innovate its performance in storing student records and I think I have read an article about using blockchain technology on Voting.

muslol67

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Quote from: liovaltro on June 21, 2019, 12:18:51 AM

I have found an interesting article https://medium.com/altcoin-magazine/top-10-industries-influenced-by-blockchain-c8c2b6a914a1 how blockchain is implemented in different spheres to simplify the job and I must agree it's really great to hear, but why any country hasn't implemented it into its structure yet just other spheres?

Without doubt, finance is one of the leading sectors that have been transformed by Blockchain. We can even talk about an ongoing process. All other sectors are still engaged in integration. No serious success.

Ioann11

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The blockchain technology appeared not so long ago, and has already gained popularity and has potentially great significance for carrying out various operations due to its security and reliability. The main sphere of its application is economics, in particular, cryptocurrency, but potentially the technology is useful for various industries, and most of its capabilities will have to be used in practice. Blockchain is used in medicine, economics and in many industries. The future is on the blockchain, this is understandable!

Kakmakr

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What structure? The governments of the world are protecting their own Fiat currencies, because they can manipulate it, so they will not allow competition for their precious Fiat currencies. Roll Eyes

They might incorporate private Blockchain based tokens as GovCoins, but not public coins like Bitcoin. The reason for this is once again simple, because if they own it, then they can manipulate it.

We will soon see more Private coins like "Libra" and Govcoins coming to these countries. Angry

Topic: top industries influenced by blockchain (Read 392 times)