What business industry will benefit the most from cryptocurrency? - page 4.

Impulseboy

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Activity: 196

Merit: 4

Quote from: NavI_027 on September 27, 2018, 09:21:10 PM

It is hard to believe that they don't even have a single clue on what you asked unless they just only knew few things about crypto but not a total crypto enthusiast at all (Probably).

Anyway, my guess is anything related to food industry such as convenient stores, restaurants and fast food chains.

Only one of them knows about cryptocurrency. The others didn't hear about it until that night. Frankly I think they are not sure they understand crypto at that time, hence the silence.
I was surprised you said the food industry. I was expecting more like the ones that pays big, like the ones I mentioned above.

Quote from: marjon on September 27, 2018, 10:48:46 PM

Telecommunications companies i think, Imagine almost all people have their own mobile and gadgets used daily, either in a way of communicating, surfing gaming, streaming & etc. all of these activities consumes data. What if one telcos company adopt a blockchain Technology and tokenize its platform??

I guess this makes sense, but I wonder if the cost of the data will be more expensive once it starts running on blockchain?

Impulseboy

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Activity: 196

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Quote from: franky1 on September 27, 2018, 08:08:01 PM

retailing imagine the past
people paying money. that needed more people to count it at the cashier desk. needed then accountants to validate the balances. security guards to move it. CFO'(chief financial officers) to over see and supervise
bank tellers to take in the cash, bank managers. more security staff..

think of all the costs..
then bam
blockchain. now everything is calculated. checked, moved and secured.

now all a retailer needs is a retail store shelf filler that also unlocks the doors in the morning and close up at night

i know i over simplified. but yea. retailers can cut out alot of dead weight of paper pushing people in offices

I know your answer was about the retail industry, but do you think that banks could benefit from the blockchain technology as well? I wonder if the playing field will be even once they start running on blockchain too just like cryptocurrency?

Vincemanam21

newbie

Activity: 79

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The application of blockchain technology will benefit all kinds of industries in every countries and continents, all industries or goverment services make transactions everyday, and blockchain is so applicable in it, mas secured data transfer, money ar any documents. Blockchain is the best and it is for every businesses

kokobaba880

full member

Activity: 434

Merit: 101

It is good in the IT industry that there employees is also get benefit from it and due to online nature they can buy things over the Internet While for online shopping it is good to have those who are operating online shops it is useful for them and crypto currencies are beneficial for them.

harry_crypto

newbie

Activity: 32

Merit: 0

Any industry can benefit from crypto because blockchain technology is so broad in application and function. We're already seeing this happen with a lot of more traditional fields like natural resources and supply because of the high efficiency of those fields. A flexible platform like EVT can be so incredibly beneficial to currently existing industries because they have so many idiosyncrasies while needing to constantly improve their efficacy.

marjon

member

Activity: 350

Merit: 10

Telecommunications companies i think, Imagine almost all people have their own mobile and gadgets used daily, either in a way of communicating, surfing gaming, streaming & etc. all of these activities consumes data. What if one telcos company adopt a blockchain Technology and tokenize its platform??

NavI_027

full member

Activity: 1232

Merit: 186

Quote from: Impulseboy on September 27, 2018, 07:30:59 PM

Early this evening I was at a friend's housewarming party and I overheard a couple of his other friends talking about cryptocurrency. Since I do not know any of them, I decided to lurk behind and listen. One of them explains what cryptocurrency is and how it works until the whole conversation turned to the industries that will benefit from it the most. The group suddenly went quiet.

It is hard to believe that they don't even have a single clue on what you asked unless they just only knew few things about crypto but not a total crypto enthusiast at all (Probably).

Quote from: Impulseboy on September 27, 2018, 07:30:59 PM

If more and more companies start accepting bitcoins and altcoins as payments, which sector do you think will benefit the most from it?

Of course the industry which will be risking to embrace blockchain technology. But stating a specific industry? It's very hard to tell. One thing is for sure, only the braver industry which are willing to risk against crypto's volatility will have the chance of succeeding.

Anyway, my guess is anything related to food industry such as convenient stores, restaurants and fast food chains.

franky1

legendary

Activity: 4424

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retailing imagine the past
people paying money. that needed more people to count it at the cashier desk. needed then accountants to validate the balances. security guards to move it. CFO'(chief financial officers) to over see and supervise
bank tellers to take in the cash, bank managers. more security staff..

think of all the costs..
then bam
blockchain. now everything is calculated. checked, moved and secured.

now all a retailer needs is a retail store shelf filler that also unlocks the doors in the morning and close up at night

i know i over simplified. but yea. retailers can cut out alot of dead weight of paper pushing people in offices

vit05

hero member

Activity: 672

Merit: 526

Casinos. For me without doubt any companies related to games will be the most benefited. And today are already the best use case. Related companies I believe in great opportunities since it seems to me that the change of cryptocurrencies will be more universal than the exchanges between fiat.

Impulseboy

jr. member

Activity: 196

Merit: 4

Early this evening I was at a friend's housewarming party and I overheard a couple of his other friends talking about cryptocurrency. Since I do not know any of them, I decided to lurk behind and listen. One of them explains what cryptocurrency is and how it works until the whole conversation turned to the industries that will benefit from it the most. The group suddenly went quiet. I think they are lost. So what do you think? If more and more companies start accepting bitcoins and altcoins as payments, which sector do you think will benefit the most from it? The first thing that came to mind is supermarkets, simply because it is the one that most people frequent to. The other thing I could think of is the automotive industry as well as real estate. But what do you think?

Topic: What business industry will benefit the most from cryptocurrency? - page 4. (Read 581 times)