Topic: What industries actually NEED blockchain technology? - page 3. (Read 734 times)
if we look at the advantages of blockchain technology, I think all industries are suitable to be integrated into the blockchain. especially in the financial industry.
I'm eager to hear thoughts from the community regarding this- which industries actually benefit from blockchain technology? More importantly, why?
I can think of a few off the top of my head: Charitable organizations, voting, and the gambling industry.
Why? Well, with regards to charitable organizations, I would personally love to see where my dollar(s) go with respect to the donation. So far as good faith goes, I (we) truly don't know where our money goes after donating. How much of that is paid to employees, executives, company, and how much of it reaches its intended location? Here are some large-scale examples from charity fraud/scandals in 2016. There needs to be higher levels of transparency and trust within these organizations, and utilizing the blockchain could be enormously beneficial.
I do believe that this same logic applies to voting- although staff and employees should of course, be trained, there must be large amounts of clerical error, worldwide, when counting the votes. Additionally, how much of a traditional voting system is susceptible to fraud?
Lastly, an interesting and perhaps even controversial one could be the gambling industry. There are massive amounts of trust issues when it comes to gambling- the fairness of the outcomes, the trust required from the player, the accuracy of random number generation, the centralization, etc. I think that with the trustless nature of blockchain and smart contracts, a lot of this could be solved- creating a safer space for players.
Note, I haven't named any particular company because the nature of my inquiry is regarding the industries in which blockchain could actually be useful. If you find a company that is tackling these sorts of things, without taking the word blockchain and using it as a marketing initiative, I'd love to hear about it.
For me the industries that need to used Blockchain Technology is the Banking or Financial sector. Specially from the third world countries in order to access the financial services specially those people that has no access to the Banking sector blockchian is very useful to them. I can think of a few off the top of my head: Charitable organizations, voting, and the gambling industry.
Why? Well, with regards to charitable organizations, I would personally love to see where my dollar(s) go with respect to the donation. So far as good faith goes, I (we) truly don't know where our money goes after donating. How much of that is paid to employees, executives, company, and how much of it reaches its intended location? Here are some large-scale examples from charity fraud/scandals in 2016. There needs to be higher levels of transparency and trust within these organizations, and utilizing the blockchain could be enormously beneficial.
I do believe that this same logic applies to voting- although staff and employees should of course, be trained, there must be large amounts of clerical error, worldwide, when counting the votes. Additionally, how much of a traditional voting system is susceptible to fraud?
Lastly, an interesting and perhaps even controversial one could be the gambling industry. There are massive amounts of trust issues when it comes to gambling- the fairness of the outcomes, the trust required from the player, the accuracy of random number generation, the centralization, etc. I think that with the trustless nature of blockchain and smart contracts, a lot of this could be solved- creating a safer space for players.
Note, I haven't named any particular company because the nature of my inquiry is regarding the industries in which blockchain could actually be useful. If you find a company that is tackling these sorts of things, without taking the word blockchain and using it as a marketing initiative, I'd love to hear about it.
I'm eager to hear thoughts from the community regarding this- which industries actually benefit from blockchain technology? More importantly, why?
I can think of a few off the top of my head: Charitable organizations, voting, and the gambling industry.
Why? Well, with regards to charitable organizations, I would personally love to see where my dollar(s) go with respect to the donation. So far as good faith goes, I (we) truly don't know where our money goes after donating. How much of that is paid to employees, executives, company, and how much of it reaches its intended location? Here are some large-scale examples from charity fraud/scandals in 2016. There needs to be higher levels of transparency and trust within these organizations, and utilizing the blockchain could be enormously beneficial.
I do believe that this same logic applies to voting- although staff and employees should of course, be trained, there must be large amounts of clerical error, worldwide, when counting the votes. Additionally, how much of a traditional voting system is susceptible to fraud?
Lastly, an interesting and perhaps even controversial one could be the gambling industry. There are massive amounts of trust issues when it comes to gambling- the fairness of the outcomes, the trust required from the player, the accuracy of random number generation, the centralization, etc. I think that with the trustless nature of blockchain and smart contracts, a lot of this could be solved- creating a safer space for players.
Note, I haven't named any particular company because the nature of my inquiry is regarding the industries in which blockchain could actually be useful. If you find a company that is tackling these sorts of things, without taking the word blockchain and using it as a marketing initiative, I'd love to hear about it.
I can think of a few off the top of my head: Charitable organizations, voting, and the gambling industry.
Why? Well, with regards to charitable organizations, I would personally love to see where my dollar(s) go with respect to the donation. So far as good faith goes, I (we) truly don't know where our money goes after donating. How much of that is paid to employees, executives, company, and how much of it reaches its intended location? Here are some large-scale examples from charity fraud/scandals in 2016. There needs to be higher levels of transparency and trust within these organizations, and utilizing the blockchain could be enormously beneficial.
I do believe that this same logic applies to voting- although staff and employees should of course, be trained, there must be large amounts of clerical error, worldwide, when counting the votes. Additionally, how much of a traditional voting system is susceptible to fraud?
Lastly, an interesting and perhaps even controversial one could be the gambling industry. There are massive amounts of trust issues when it comes to gambling- the fairness of the outcomes, the trust required from the player, the accuracy of random number generation, the centralization, etc. I think that with the trustless nature of blockchain and smart contracts, a lot of this could be solved- creating a safer space for players.
Note, I haven't named any particular company because the nature of my inquiry is regarding the industries in which blockchain could actually be useful. If you find a company that is tackling these sorts of things, without taking the word blockchain and using it as a marketing initiative, I'd love to hear about it.
health industry is another big one that can hugely benefit from blockchain technology. It's much less secure right now and I don't think anybody wants their medical history out there in the open on less secure system. Insurance company etc can also use it to benefit and track transactions easily while being more secure. Pretty much any financial sector.
Logistics.
I would love to see for one hamburger all the path of the meat, from the cow to the slaughterhouse, where was stored, processed, how long was it transported and where from, basically all the bath from it's start until getting onto my table. And same for all the ingredients.
It would be a world more fair about what their are selling to us.
I would love to see for one hamburger all the path of the meat, from the cow to the slaughterhouse, where was stored, processed, how long was it transported and where from, basically all the bath from it's start until getting onto my table. And same for all the ingredients.
It would be a world more fair about what their are selling to us.
I believe any traditional financial sector needs blockchain to enhance its power and use the awesome features of blockchain decentralization.
This includes precious metal trading, such us gold and silver .. Proof of a solid project tackling this domain is Gigzi ecosystem.. This is where Blockchain will be really adopted by the masses for independent wealth management.
This includes precious metal trading, such us gold and silver .. Proof of a solid project tackling this domain is Gigzi ecosystem.. This is where Blockchain will be really adopted by the masses for independent wealth management.
I think the best areas where blockchain can be used are population , land and land transactions, payment and billing transactions, medicine and finance.
Excellent industry for the common people. but now there are even more advanced industries that you did not talk about. This is a game industry, VR for example 
I think they use the Blockchain system because the Blockchain is decentralized, why use Blockchain? because they don't want any government institutions involved to regulate it
I think the best areas where blockchain can be used are population , land and land transactions, payment and billing transactions, medicine and finance.
I'm eager to hear thoughts from the community regarding this- which industries actually benefit from blockchain technology? More importantly, why?
I can think of a few off the top of my head: Charitable organizations, voting, and the gambling industry.
Why? Well, with regards to charitable organizations, I would personally love to see where my dollar(s) go with respect to the donation. So far as good faith goes, I (we) truly don't know where our money goes after donating. How much of that is paid to employees, executives, company, and how much of it reaches its intended location? Here are some large-scale examples from charity fraud/scandals in 2016. There needs to be higher levels of transparency and trust within these organizations, and utilizing the blockchain could be enormously beneficial.
I do believe that this same logic applies to voting- although staff and employees should of course, be trained, there must be large amounts of clerical error, worldwide, when counting the votes. Additionally, how much of a traditional voting system is susceptible to fraud?
Lastly, an interesting and perhaps even controversial one could be the gambling industry. There are massive amounts of trust issues when it comes to gambling- the fairness of the outcomes, the trust required from the player, the accuracy of random number generation, the centralization, etc. I think that with the trustless nature of blockchain and smart contracts, a lot of this could be solved- creating a safer space for players.
Note, I haven't named any particular company because the nature of my inquiry is regarding the industries in which blockchain could actually be useful. If you find a company that is tackling these sorts of things, without taking the word blockchain and using it as a marketing initiative, I'd love to hear about it.
Energy and everything connected with it, although it will be really difficult to implement. And of course trade, at the same time, spontaneous markets and small traders will win. I can think of a few off the top of my head: Charitable organizations, voting, and the gambling industry.
Why? Well, with regards to charitable organizations, I would personally love to see where my dollar(s) go with respect to the donation. So far as good faith goes, I (we) truly don't know where our money goes after donating. How much of that is paid to employees, executives, company, and how much of it reaches its intended location? Here are some large-scale examples from charity fraud/scandals in 2016. There needs to be higher levels of transparency and trust within these organizations, and utilizing the blockchain could be enormously beneficial.
I do believe that this same logic applies to voting- although staff and employees should of course, be trained, there must be large amounts of clerical error, worldwide, when counting the votes. Additionally, how much of a traditional voting system is susceptible to fraud?
Lastly, an interesting and perhaps even controversial one could be the gambling industry. There are massive amounts of trust issues when it comes to gambling- the fairness of the outcomes, the trust required from the player, the accuracy of random number generation, the centralization, etc. I think that with the trustless nature of blockchain and smart contracts, a lot of this could be solved- creating a safer space for players.
Note, I haven't named any particular company because the nature of my inquiry is regarding the industries in which blockchain could actually be useful. If you find a company that is tackling these sorts of things, without taking the word blockchain and using it as a marketing initiative, I'd love to hear about it.
In almost all areas where you can use the blockchain, it serves as a universal data warehouse, which is almost impossible to hack and change. In addition, access to this data can be obtained by any user who has the appropriate rights. Almost any industry can use blockchain technology, medicine, Finance, real estate, energy, investment.
Blockchain technology is needed in wide range of product and services. Essential, every sectors that uses data to function and needed reliable data for day to day operation and future expansion will need blockchain technology,
Everyone is entitled to their opinion and absolutely I observed this is dedication center when it comes to crypto and blockchain industry entirely. Let's come to think of it, banking industry needs blockchain technology than every other industry base on my philosophy, banking industry delaying transaction and low record keeping would be minimized if they could introduce blockchain technology in to their system
if it is to combine industrial technology with blockchain, the benefits may be in several factors such as transparency for finance because there are many cases of money fraud that occur in the industry
You struck it on the head with charity. But basically, all industries where TRUST is the issue, and where a system that lets people be more transparent and less able to cheat or abuse trust, is the system that is needed most.
Charity is number 1 there because there is a lack of trust in it. people don't know how money is spent. Or rather, they are told how but there's no way of verifying it 100%. Though actually this is also an issue with government spending.
Charity is number 1 there because there is a lack of trust in it. people don't know how money is spent. Or rather, they are told how but there's no way of verifying it 100%. Though actually this is also an issue with government spending.
I see that many people do not understand at all where and how blockchain technology can be applied in practice.
This technology is used primarily where it is necessary to safely store large databases of various information on-line so that people can freely use this information, and the content of this information can constantly change. For example, in my country, blockchain technology is used to securely store land cadastre data, that is, data on all land plots of a country and their owners. For a small fee, any person can get an extract about any land in the state, no longer need to contact the officials for this. Previously, this could not be done as it was impossible to ensure that such information was protected from hacking and changes.
For example, I can put a simple case of the practical use of blockchain tokens, because many argue that ICO and their tokens are useless. Now we have a lot of merchant ships carrying various cargoes across the seas and oceans. In many cases, they returned back empty. Thanks to the information about this that is protected from hacking, ship owners and cargo owners can find each other online and merchant ships can, returning back, take passing cargoes. That is, for the first time on a worldwide scale, on-line, it is possible to use information that will constantly change. Moreover, ship owners and cargo owners do not need to meet and conclude a contract for the transportation of cargo. This is ensured by smart contracts and tokens, with the help of which such payments are made. Such cases can be very much. Tokens can be used wherever you need to pay for goods or services with smart contacts or without them using the Internet, without face-to-face meetings and on a planet-wide scale.
I hope that this information will be useful to many.
This technology is used primarily where it is necessary to safely store large databases of various information on-line so that people can freely use this information, and the content of this information can constantly change. For example, in my country, blockchain technology is used to securely store land cadastre data, that is, data on all land plots of a country and their owners. For a small fee, any person can get an extract about any land in the state, no longer need to contact the officials for this. Previously, this could not be done as it was impossible to ensure that such information was protected from hacking and changes.
For example, I can put a simple case of the practical use of blockchain tokens, because many argue that ICO and their tokens are useless. Now we have a lot of merchant ships carrying various cargoes across the seas and oceans. In many cases, they returned back empty. Thanks to the information about this that is protected from hacking, ship owners and cargo owners can find each other online and merchant ships can, returning back, take passing cargoes. That is, for the first time on a worldwide scale, on-line, it is possible to use information that will constantly change. Moreover, ship owners and cargo owners do not need to meet and conclude a contract for the transportation of cargo. This is ensured by smart contracts and tokens, with the help of which such payments are made. Such cases can be very much. Tokens can be used wherever you need to pay for goods or services with smart contacts or without them using the Internet, without face-to-face meetings and on a planet-wide scale.
I hope that this information will be useful to many.
A simple example is in our daily lives, from morning activities to buying breakfast, followed by riding in transportation to work or school, buying lunch and returning to transportation to go home. Imagine if all of these transactions were integrated by the blockchain network and we only scanned the wallet barcode to complete all the transactions. I think mass adoption must be prioritized to support blockchain can be used in the daily lives of people everywhere.
Mostly it's the economic industries and system that needs a blockchain technology. Audits and irregularities had always been a burden in economic sector. Blockchain and smart contracts would eliminate a lot of risk involved in assigning humans to carry out transactions. It would increase transparency in private as well as public sectors.
Gaming Industry also benefits from block chain technology since there a lot of valuable data needed within a game it's clearly safer and more secured. Gaming Industry in blockchain also benefits in every transactions made in the gaming ecosystem.
It's not so easy as you said consider about the fact that the blockchain system used the peer to peer distributed ledger system but only a dapps that can adopt it right now. It's a bit difficult to imagine about what will be used by this game. Decentralized thing looks a bit difficult to be implemented on the game
He was right and also he was wrong.
he was right about Gaming industry but he was wrong about its usability.
just like what you said, right now those gaming industries are using dapps to incentivize their players, sponsors and else. The blockchain is used as a form of payment for them to operate their game, and actually, it has been used as a kind of payment in some store too.
like Steam? Microsoft? and others.
I'm eager to hear thoughts from the community regarding this- which industries actually benefit from blockchain technology? More importantly, why?
I can think of a few off the top of my head: Charitable organizations, voting, and the gambling industry.
Why? Well, with regards to charitable organizations, I would personally love to see where my dollar(s) go with respect to the donation. So far as good faith goes, I (we) truly don't know where our money goes after donating. How much of that is paid to employees, executives, company, and how much of it reaches its intended location? Here are some large-scale examples from charity fraud/scandals in 2016. There needs to be higher levels of transparency and trust within these organizations, and utilizing the blockchain could be enormously beneficial.
I do believe that this same logic applies to voting- although staff and employees should of course, be trained, there must be large amounts of clerical error, worldwide, when counting the votes. Additionally, how much of a traditional voting system is susceptible to fraud?
Lastly, an interesting and perhaps even controversial one could be the gambling industry. There are massive amounts of trust issues when it comes to gambling- the fairness of the outcomes, the trust required from the player, the accuracy of random number generation, the centralization, etc. I think that with the trustless nature of blockchain and smart contracts, a lot of this could be solved- creating a safer space for players.
Note, I haven't named any particular company because the nature of my inquiry is regarding the industries in which blockchain could actually be useful. If you find a company that is tackling these sorts of things, without taking the word blockchain and using it as a marketing initiative, I'd love to hear about it.
I can think of a few off the top of my head: Charitable organizations, voting, and the gambling industry.
Why? Well, with regards to charitable organizations, I would personally love to see where my dollar(s) go with respect to the donation. So far as good faith goes, I (we) truly don't know where our money goes after donating. How much of that is paid to employees, executives, company, and how much of it reaches its intended location? Here are some large-scale examples from charity fraud/scandals in 2016. There needs to be higher levels of transparency and trust within these organizations, and utilizing the blockchain could be enormously beneficial.
I do believe that this same logic applies to voting- although staff and employees should of course, be trained, there must be large amounts of clerical error, worldwide, when counting the votes. Additionally, how much of a traditional voting system is susceptible to fraud?
Lastly, an interesting and perhaps even controversial one could be the gambling industry. There are massive amounts of trust issues when it comes to gambling- the fairness of the outcomes, the trust required from the player, the accuracy of random number generation, the centralization, etc. I think that with the trustless nature of blockchain and smart contracts, a lot of this could be solved- creating a safer space for players.
Note, I haven't named any particular company because the nature of my inquiry is regarding the industries in which blockchain could actually be useful. If you find a company that is tackling these sorts of things, without taking the word blockchain and using it as a marketing initiative, I'd love to hear about it.
Voting system in the blockchain technology do really make a big difference in the current voting system of many countries. I guess it will be one of the greatest technology that will make the society and the world have a leader that is really chose by its people.
For Telco industries really need blockchain and as we can see there are lot of projects that targeting this industry because they knew that there are lot of improvements that blockchain can offer on Telco's.
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