Topic: What spaces can blockchain tech revolutionise in the future? (Read 168 times)
Blockchain can be applied to most of the technologies in the future of democratization and can solve big problems like big data and to prevent artificial intelligence from becoming dominant a blockchain system can be installed there to
It seems to the business sector for now is starting to explore and will start soon. While the government may start from the population data first, or the identity system of the population, to avoid double ownership, which in some countries is an important issue.
I think that will be popular in the future is something related to ownership data. The easiest is property ownership. Currently it is possible in many countries there are still many cases of property ownership disputes. With blockchain technology there probably will not be any more cases like this.
Maybe the blockchain era will start from the retail industry. Afterwards if it is proven that blockchain is a more efficient technology, it may soon be followed by the financial industry, especially the inter-state transfer system. And I am sure in the future all sectors will follow.
Gaming? Farming? Healthcare? There's a coin for almost anything you can think of. But what areas would blockchain tech be most useful and have the most potential have real-world use cases and value?
It seems like everything can be if we want to. The problem is there is a conflict of interest with the old system.
Some people try hard to manipulate data to take personal advantage. And for these people, blockchain is the worst nightmare they can get.
Gaming? Farming? Healthcare? There's a coin for almost anything you can think of. But what areas would blockchain tech be most useful and have the most potential have real-world use cases and value?
I do not think it would be too difficult if blockchain is applied in many fields at once, because one sector with the other will be integrated. But I'm sure this will not happen any time soon, because blockchain will eliminate the benefits gained from the current system.
Probably the first to apply is gaming or gambling. Both may have started applying it now. Next may be the retail sector.
Those engaged in the retail sector will be in desperate need of blockchain especially for the calculation and accuracy of stock supply.
Those engaged in the retail sector will be in desperate need of blockchain especially for the calculation and accuracy of stock supply.
The technology of blockchain is most needed and useful in cases where reliable and authentic information is required. It can be finances, jurisprudence, property rights. Now the blockchain is trying to use everywhere, but in most cases it simply is not needed.
Probably some gaming platforms or crypto games will become popular. There are also some other spaces which tech revolutionise in the future. Rather than those there are no mass adaption could be happen.
Maybe it would be great if the state spend using a blockchain system. But maybe not many governments are prioritizing transparency to run their government. And maybe this is one reason not many governments are blessing blockchain for now.
There is no doubt that the blockchain tech will widely be used in finance sector and almost every other field where ledger/record has to be kept securely. Blockchain provides secure, transparent and decentralized data keeping option so every field can utilize this. There is no limitation as almost every field now a days depend upon tech, for tech database is major component.
I don't think so with farming but with gaming, healthcare, gambling, banking and transportation these are the most popular spaces that blockchain can be most useful.
Honestly probably most/all industries in one way or another will utilize blockchain. I'm really excited to see that happen in the future.
But like what this guy said, almost everything in industry has a probable way to use blockchain. Gaming? Farming? Healthcare? There's a coin for almost anything you can think of. But what areas would blockchain tech be most useful and have the most potential have real-world use cases and value?
many things that make blockchain technology a real world in human life, this slowly land will make ease and efficiency in the transaction.
gambling has a real value that is easy to implement because it is done in many places
No doubt there are several such coins. You can even take bitcoin or ethereum, neo, waves, dash etc. All of them will cope with this task.
Honestly probably most/all industries in one way or another will utilize blockchain. I'm really excited to see that happen in the future.
Financial and banking are the main targets but one of the hardest to disrupt due to strong establishment
Healthcare sector has potential but faces tough regulations (except for fitness/sports stuff which are the most likely to be targeted first)
Most likely those aspects that do not face these issues, so I'm positive about stuff like electoral/voting systems, games and prizes, etc.
Healthcare sector has potential but faces tough regulations (except for fitness/sports stuff which are the most likely to be targeted first)
Most likely those aspects that do not face these issues, so I'm positive about stuff like electoral/voting systems, games and prizes, etc.
Gaming? Farming? Healthcare? There's a coin for almost anything you can think of. But what areas would blockchain tech be most useful and have the most potential have real-world use cases and value?
Financial ecosystem should be the main space to be changed by the blockchain system. Because in fact the traditional ecosystem is lack of the transparency and the blockchain was offering high transparency and automation to the financial system. In fact the blockchain gives a lot of impact to change it right now.
In my opinion, accelerating transactions and secure data storage are two big advantages. In the banking sector, payments are processed until 4 pm and only 5 days a week. And if you transfer money between countries, you can wait and more. With blockchain technologies, you can simply forget about delays in payments up to 5 banking days.
Secure encrypted data storage is very important, as databases are increasingly in the hands of hackers.
Secure encrypted data storage is very important, as databases are increasingly in the hands of hackers.
I think the best part of the blockchain is sharing, the most intuitive sharing information in the world. I think this method is very useful in medical and teaching! We can learn the world's knowledge quickly and easily!
I think blockchain technology is needed in banking sector. I hope that banking sector will be more improved if blockchain technology somehow gets attached with it.
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