Topic: What industries actually NEED blockchain technology? (Read 698 times)
Financial sector needs blockchain because it would help to reduce the transactions prices and to avoid the involvement of the third party by daily transactions. Furthermore, E-commerce also needs blockchain to reduce the prices and to increase the liquidity.
I think there is a lot of area where the blockchain technology can be useful. For example trade and payment systems, medical care, food industries, and government agencies. The biggest advantage of the blockcahin that it can be implemented into several areas.
I somehow read somewhere that many businesses are adopting the blockchain technology thinking that they might be left with the technology but not everyone wanted blockchain. Some of them are just old school that would like to stick to the old ways of businesses.
Well, the old ways very soon will be left behind. in the future, the old methods will stop working. good businessman always adapt to everything new The whole point of this direction is that it is globally,from oil and gas to space flights, artificial intelligence and many other things,the blockchain will be useful everywhere, this new era, the era of the global digital industry,and we are entering it now
if being use and implemented properly this system can be use in every venue and it can materialized helping the system to be more easy to use, blockchain can be integrated to working system and be adopted to be more useful in all aspects of transactions, new ideas and innovations if being adoptcorrectly will always be good globally.
i think Banking Industry ,Real estate Industry and Healthcare Industry.
For me I find it best and fit for the industry of payment system. Since we pay old school for making payments and lining up for the cashier and etc, blockchain helps a lot by easing the hassle for lining up and just use automated payment with just a small time. It give serious good demands for using blockchain as payment method.
I somehow read somewhere that many businesses are adopting the blockchain technology thinking that they might be left with the technology but not everyone wanted blockchain. Some of them are just old school that would like to stick to the old ways of businesses.
The whole point of this direction is that it is globally,from oil and gas to space flights, artificial intelligence and many other things,the blockchain will be useful everywhere, this new era, the era of the global digital industry,and we are entering it now
Blockchain technology can be used in any industry where it is necessary to store and use large databases of various information on the Internet. Blochkchayn technology has a high degree of security. This property is one of the most important. Technology blochkchain will develop in trade, finance, payments and remittances. Implement blockchain technology countries with large economies, this is also the most important.
Personally, I agree with Buterin, he considers that blockchain is often used where it isn't needed. He has some doubts about IBM blockchain and blockchain-based food trackers.
Fair- that's why I'm hesitant to agree with the idea of every industry needing blockchain technology utilization/implementation. That just doesn't make sense, as it's currently a really expensive method overall, with respect to the network and mining and whatnot. It seems as though companies took the buzzword potential and ran with it, using it as free marketing. It sure did work in the past year!
its quite alot. almost all of it. blockchain can be intergrated in banking, financing, retails, manufacturing, jurisdiction, government, etc.. the application is limitless.
I think that the industries that are associated with cryptocurrency are more suitable for blockchain technology than traditional business .
I think this will be needed for all daily human financial transactions, such as buying food, ordering taxis, paying electricity bills and more. if all of these payments have been decentralized by blockchain technology, we only need 1 blockchain wallet on my smartphone
It's hard to say, but trying to be everywhere, I think the only way to understand exactly where the blockchain will be more to come!
There may be many technologies that can utilize Blockchain technology in their companies, for example franchise systems, supermarkets and online markets. Or freight forwarding services between countries, because with blockchain technology, the payment process will feel faster and maybe someday the money will also change to digital form
Personally, I agree with Buterin, he considers that blockchain is often used where it isn't needed. He has some doubts about IBM blockchain and blockchain-based food trackers.
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.
Banking jumped on the chance to have blockchain technology so I assume banking is the first one. I mean bank of america already has record breaking blockchain patents already and Ripple has been working with banks to move their assets into digital with blockchain help for years now, they exists thanks to those contracts. So I think banking is a clear choice with how many banks have been interested in doing blockchain moves. However insurance and real estate comes very close seconds. Insurance needs blockchain because whenever you get an insurance your record can be kept track at blockchain and you will have an account (basically wallet for crypto type thing) and there will be your insurance and mishaps all deciding on how much your insurance should be.
Real Estate as well to keep track of who owns where and which floor or which land etc etc. That way all over the world there could be just one blockchain that keeps track of who owns where in which country and just like wallet in crypto your "account" will show how much land or which lands you own.
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.
That's a typical good example of blockchain implementation and this means that blockchain implementation is just about everything that relate to us which we make use of everyday.
Well for me I think blockchain is need for every industry as long as they can find a suitable use case to deploy blockchain technology, I don't think blockchain is industry specific
in all industries, I think it is necessary to use blockchain technology in the future
Not all industries is good with the decentralized system, sometimes the centralized ones will make it more efficient and safer and that's really depend on which category it's needed and we need to find the most suitable ones.I'm talking about those field that really need the centralized system mainly to regulate so that no one could take an advantage of it.
In addition, there are other benefits of blockchain in the industry is recording transactions through the blockchain almost eliminates human errors and protects data from possible interference. Accuracy is guaranteed from your records, as the process will also leave traceable audit trails.
Blockchains really ensure the validity and transparency, so the first thing that pops into my mind is elections. Maybe somehow using blockchain people and countries really could have honest elections without governments and people with high authority messing them up. Just a thought.
But there are many other areas that blockchain could help.
But there are many other areas that blockchain could help.
I think any organisation in any sphere where large amounts of data are stored, transferred and analysed constantly definitely needs blockchain. It has much more possible applications than everybody is thinking now.
in all industries, I think it is necessary to use blockchain technology in the future
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.
Food industry.
Agriculture industry.
Fabrication production industry.
Paying system.
Mobile phone and internet industry.
All government agencies.
These sectors definitely need blockchain. There are billions of data that must be under constant recording. To achieve this, the blockchain must be.
The blockchain technology can be used in any industry where it is necessary to store and use large databases of various information online with a high degree of security. This is primarily trade, finance and absolutely any other types of human activity.
This technology is highly appreciated by all states, even those that restrict or prohibit the use of cryptocurrency. One of the leaders in implementing blockchain technology is China.
This technology is highly appreciated by all states, even those that restrict or prohibit the use of cryptocurrency. One of the leaders in implementing blockchain technology is China.
It can be implemented in the places where we want to store our information with high security and also for easy accessing.Even any governments sectors can have this technology to maintain any ledger or for recording the tax and transaction information and much more.
Any industry that deals with finances as well as useful and crucial data needs it most. This can spread through different forms of industries, inasmuch as finances and data are involved.
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 like this a lot. This is an excellent example, and I really want to see this sort of thing implemented for logistics. If I recall correctly, there's a clothing company or two already attempting this- I believe that this is a trend that will catch on, and one that will become in demand.
It will allow both government and consumer the power to keep companies accountable for their sustainability practices in business.
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.
Well gambling like online bitting were really need blockchain technology to have records of every transaction and also it need faster processing , another one I think it's also need to use blockchain technology is online credit like credit cards or debit cards which need to have ledger of all transaction made .
who need blockchain technology in my opinion is an industry in the financial sector. because the existence of blockchain technology can be more transparent and safer. and perhaps the gambling industry, using the blockchain industry can be more profitable.
but apart from all that, in my opinion all industries in this world can be integrated with blockchain technology
but apart from all that, in my opinion all industries in this world can be integrated with blockchain technology
Blockchain technology is very good in technology, I think all can use blockchain technology to be more modern. may be able to provide benefits for convenience, security, comfort, transparency and more
Blockchain technology is really helpfull especially for digital industry like gaming industry, we can utilize blockchain for gaming platform ecosystemNot only are blockchain games created, we also get rewards if we win, and above all blockchain is worth our trust, usability and circulation for each other. In my opinion, blockchain has been used in many industries, factories to secure them
.
I think the logistics industry has the potential to apply blockchain successfully. Currently, the logistics industry is leading the world in many intermediate stages can be eliminated if the blockchain that will save it a lot of money.
Blockchain technology is very good in technology, I think all can use blockchain technology to be more modern. may be able to provide benefits for convenience, security, comfort, transparency and more
Blockchain technology is really helpfull especially for digital industry like gaming industry, we can utilize blockchain for gaming platform ecosystem
Blockchain technology is very good in technology, I think all can use blockchain technology to be more modern. may be able to provide benefits for convenience, security, comfort, transparency and more
I think that blockchain technology is suitable for a large number of projects and industry, but I think that blockchain is more suitable for crypto-currency than for production. I read that Vitalik Buterin spoke precisely so and I with him agree.
I think there is no specific plan for which industry blockchain will be used for, if the government involves and implement this project I am sure the country will slowly change its standard. Crypto will be used for lot business development as we are already doing transactions via banks.
In my opinion, the blockchain is required in the banking sector. If you reach a higher level, the blockchain technology is simply invaluable when holding elections to state bodies. Sectors such as logistics, Law and medicine also need transparency.
the most suitable industry in my opinion is the industry in finance and banking. because with blockchain technology their services can be much safer, faster and more transparent.
All branches on the blockchain are important. Because, thanks to the blockchain, people's lives are becoming much simpler and more convenient.
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.
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.
In my opinion, first of all it is necessary to introduce blockchain technology in the medical industry. I think this is the direction that will become more transparent and reliable with the introduction of blockchain. 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 think finance industries Need this blockchain technology
why ? because blockchain is about transparancy and the cheaper transactions fee also with blockchain tech, there will be no middle man in financial industries
why ? because blockchain is about transparancy and the cheaper transactions fee also with blockchain tech, there will be no middle man in financial industries
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.
Although without blockchain, the previous gaming industry also remained successful, say games produced by EA, Ubisoft, Bandai that have not implemented the blockchain system. For the problem of my own security system, the blockchain is actually quite dangerous if installed in the gaming industry.
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.
In my own opinion blockchain is needed where transparency, accountability and ease of payment is required, because these are the areas blockchain outshines other technology
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
I think that we need the introduction of blockchain technology in all branches of our life and it cannot be said that some of them need less or more
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.
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.
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