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Topic: Which industries don't need blockchain? (Read 1372 times)

member
Activity: 129
Merit: 11
May 21, 2019, 11:26:14 PM
First of all, make sure you're looking at actual, demonstratable, proven results of implemented blockchain technology, not just the hype and hypothetical.
Secondly, not all companies want their proprietary or their customer's private information made public. And private blockchains may offer little to no value over standard private databases.

Blockchain technology does seem like it can be very useful in some applications, but just a couple things to think about.

Have a good day,
The Cyberius team.
hero member
Activity: 2618
Merit: 548
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Such industries and businesses in which the storage and management of data has a secondary role. Such industries as sales, marketing, etc. I am extremely skeptical of such projects, they create coins only for collecting money.

It is not about collecting money, here the tokenizing takes place. Based on the demand the respective growth gets reflected over the particular tokens. This serves almost same as the shares of a company, but everything gets interconnected to the working platform while with shares the financial sector will be found separate.
sr. member
Activity: 1512
Merit: 292
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Such industries and businesses in which the storage and management of data has a secondary role. Such industries as sales, marketing, etc. I am extremely skeptical of such projects, they create coins only for collecting money.
sr. member
Activity: 882
Merit: 251
I think right now almost all industries need blockchain technology because in the blockchain there will be no data manipulated by certain parties, such as in the world of banking, police, and even hospitals I feel the need for blockchain technology in conducting medical records for patients to handle certain patient diseases can run quickly, and efficiently so that many patients will be helped and treated because effective services use the blockchain.
Certainly almost all industry needs blockchain, the home industry could be part of the real estate industry, and we already have a lot of projects here in crypto dealing with the industry mentioned. IIRC, before, https://coinmarketcap.com/ sort coins or tokens in a certain industry, but now I'm not seeing it, they are back with the old format.

I was trying very hard to find out which of them do not need blockchain and I understood that these technologies can be used everywhere. Suppose that less than 5 years will pass, and all will realize it.
hero member
Activity: 3052
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I think right now almost all industries need blockchain technology because in the blockchain there will be no data manipulated by certain parties, such as in the world of banking, police, and even hospitals I feel the need for blockchain technology in conducting medical records for patients to handle certain patient diseases can run quickly, and efficiently so that many patients will be helped and treated because effective services use the blockchain.
Certainly almost all industry needs blockchain, the home industry could be part of the real estate industry, and we already have a lot of projects here in crypto dealing with the industry mentioned. IIRC, before, https://coinmarketcap.com/ sort coins or tokens in a certain industry, but now I'm not seeing it, they are back with the old format.
sr. member
Activity: 1344
Merit: 253
I think right now almost all industries need blockchain technology because in the blockchain there will be no data manipulated by certain parties, such as in the world of banking, police, and even hospitals I feel the need for blockchain technology in conducting medical records for patients to handle certain patient diseases can run quickly, and efficiently so that many patients will be helped and treated because effective services use the blockchain.
I think home industries also need a blockchain to keep up with the times. with the blockchain excellence from several aspects it will certainly be more useful to develop their company. and this will bring cryptocurrency to develop well too. moreover now many governments have implemented blockchain for various purposes
full member
Activity: 644
Merit: 100
I think right now almost all industries need blockchain technology because in the blockchain there will be no data manipulated by certain parties, such as in the world of banking, police, and even hospitals I feel the need for blockchain technology in conducting medical records for patients to handle certain patient diseases can run quickly, and efficiently so that many patients will be helped and treated because effective services use the blockchain.
hero member
Activity: 784
Merit: 500
the industry can implement blockchain technology and develop blockchain technology to such an extent, but currently those who are able and able to develop blockchain technology are still few and even though there are very expensive costs because this is still classified as new and very rare technology that can build blockchain for their industries.
member
Activity: 798
Merit: 10
It appears as though every company is trying to integrate the use of blockchain technology.

https://www.blockchain-council.org/blockchain/top-10-companies-that-have-already-adopted-blockchain/

Some might have legitimate reasons, others just for the hype and hell of it.

Are there any industries that can't benefit from using blockchain technology in their business practices? Where it doesn't matter?

Right now, any industry using internet technology and i think blockchain technology can applied in many industry or bussiness. Blockchain technology offering transparancy and lower cost and i am believe every bussiness want to save a lot cost
legendary
Activity: 2632
Merit: 1883
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I think that the industry that says it does not need a Blockchain-based technology is totally closed and does not want progress, because now blockchain technology solves problems that generate many delays in any process.

If in the distributed systems, and in the systems based on Industrial Instrumentation together with the machines it can be combined with the blockchain technology so that the processes are more efficient, it would be the ideal adoption so that there are no errors in transmission networks, and this applies to any company of whatever it is that is dedicated.

Today I do not believe that there is any company that refuses this technology.

And from the electronic point of view it is very useful for the transmission of data, there is technology where you can make a compatability using tools so that processes in technology such as Wi-Max are much faster, and communications are done with more quality.
legendary
Activity: 1568
Merit: 1002
there are no blockchain technologies before and all industries are still working fine but with the help of blockchain technology  , all industries can become more trustable and secure  however not all are going to implement this idea because they are afraid that if blockchain gets thier way , their business will not be fully controllable anymore  ,

if like that then there is no industry that needs blockchain technology. with blockchain technology, indeed project developers are worried about taking over their industries, but if we look at the bright side to be faster and more transparent, then any industry is very suitable for implementing blockchain technology for better operations
hero member
Activity: 784
Merit: 502
there are no blockchain technologies before and all industries are still working fine but with the help of blockchain technology  , all industries can become more trustable and secure  however not all are going to implement this idea because they are afraid that if blockchain gets thier way , their business will not be fully controllable anymore  ,
It can be implemented in all industries and most of them will do when they know about it and also have enough people with knowledge about blockchain technology.For now not enough people on this technology so industries also will wait for adoption from others.
full member
Activity: 1750
Merit: 118
there are no blockchain technologies before and all industries are still working fine but with the help of blockchain technology  , all industries can become more trustable and secure  however not all are going to implement this idea because they are afraid that if blockchain gets thier way , their business will not be fully controllable anymore  ,
full member
Activity: 602
Merit: 111
It appears as though every company is trying to integrate the use of blockchain technology.

https://www.blockchain-council.org/blockchain/top-10-companies-that-have-already-adopted-blockchain/

Some might have legitimate reasons, others just for the hype and hell of it.

Are there any industries that can't benefit from using blockchain technology in their business practices? Where it doesn't matter?
in the modern world each and every Industries developing a lot show the payment method from the cryptocurrency is also important for them to move and take the next step for the development so nothing will be going with the future without the cryptocurrency
member
Activity: 314
Merit: 10
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The development of oil industry will definitely need the help of cryptocurrency because it will be the future and also cryptocurrency play an important role in development of the future economy is this some time together it will be good for our world.
In my opinion all industries need blockchain technology because to be able to compete in tight trade competition must be able to increase efficiency which will impact on quality, quantity and price.
Blockchain is recognized by large companies to increase competitiveness because the productivity that is carried out has an effect on products that are created to be better, faster and cheaper.
legendary
Activity: 3010
Merit: 3724
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Everything else is much better served by a centralized database that is much more efficient. 

The last word there is key, efficiency.    Blockchain could be used for everything and thats great, its an adaptable technology and for some period of time it might be put into usage but unless its efficient it will be replaced by a better system or simply a cheaper one that does enough.   A v12 engine to deliver the milk is not needed when it can just be a simple electric motor and achieve the same task, thats where we find blockchain is not necessary when its overly complex, simplicity can win with less.

So I'd agree decentralised blockchain systems are most suited towards security and applications that require it and gain worth when that independence and security continues over many years with fault tolerance and no need for oversight to continue by any one body for overall integrity.   

It's well recognised and yet often ignored. I'm no evildoer but I go diesel instead of hybrid or green, alkaline batts instead of rechargeable, to mention some choices I make that hippies keep crucifying people for. As soon as there is a better, cheaper, efficient alternative then we switch. Just as we now almost always use energy efficient lightbulbs.

On the other hand, I think people haven't understood how to calculate Bitcoin cost vs benefit yet which is why it is always used as a bad example of how blockchain isn't efficient for money (if only because of security alone, it is!).

It doesn't help that every ICO and their mother wants to disrupt decentralise democratise and revolutionise industries without an inkling of how inefficient their proposals are.
full member
Activity: 1078
Merit: 110
In fact, it is much easier to list industries that the blockchain can really help, because in its majority of the majority of projects, blockchain is not needed. Of course technology has a wide range of applications, but very few projects have succeeded in this.
STT
legendary
Activity: 4102
Merit: 1454
Everything else is much better served by a centralized database that is much more efficient. 

The last word there is key, efficiency.    Blockchain could be used for everything and thats great, its an adaptable technology and for some period of time it might be put into usage but unless its efficient it will be replaced by a better system or simply a cheaper one that does enough.   A v12 engine to deliver the milk is not needed when it can just be a simple electric motor and achieve the same task, thats where we find blockchain is not necessary when its overly complex, simplicity can win with less.

So I'd agree decentralised blockchain systems are most suited towards security and applications that require it and gain worth when that independence and security continues over many years with fault tolerance and no need for oversight to continue by any one body for overall integrity.   
legendary
Activity: 2366
Merit: 2054
The development of oil industry will definitely need the help of cryptocurrency because it will be the future and also cryptocurrency play an important role in development of the future economy is this some time together it will be good for our world.
as blockchain p2p concept good for that payment country to country, when they use only one currency as global oil payment that is can be control of oil price around the world.
sr. member
Activity: 798
Merit: 250
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Blockchain can help make traditional companies transparent. This is one many reasons most companies may need it.  Another important benefit are data immutablity, security, the use of native coin which can be accepted/traded globally etc.
blockchain give us easiness to collect and processing data .and its already adopted in many in field in around the world.and also intitution developt their own blockchain for transparency in their company.
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