Which industries don't need blockchain? - page 6.

o_e_l_e_o

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Quote from: cryptokingdom on November 13, 2018, 05:59:58 AM

There is no company that does not need blockchain technology.

Attitudes like this are counter productive, and are partly the reason the market is currently flooded with over 2000 trash altcoins, with more being released every day.

There are thousands of companies that do not need blockchain technology. My favourite example of a truly awful application of blockchain technology was an ICO that was planning to use a blockchain to track when patients took their medications at home by having friends and family visit them four times a day to supervise the patient taking them, and then enter this data in to the decentralized database. The project in question also proposed sending people round to your address if you were regularly missing doses. A huge invasion of privacy, and a perfect example of a simple process made 100x more complicated by trying to shoehorn a blockchain in where it is neither needed nor wanted.

Creating blockchains for companies that don't need them drives the creation of thousands of trash alts, and makes blockchain look like a "get rich quick" scheme to outsiders.

nazaididuan1

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As long as you don't need big data, you don't need a lot of people to edit the database, trust each other, and all industries with central agencies don't need blockchain!
Internal management of the centralized organization does not involve external collaboration.

cryptokingdom

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There is no company that does not need blockchain technology. If the blockchain techology is not use for financial transactions it can be useful for proper verification and ascertaining accuracy in the company's data.

nur rochid

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I think everyone can use the blockchain to support their performance. although perhaps at this time the small-scale home industry does not yet need it. but later if you want more extensive marketing, you can certainly use it

StarofBTC

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Probably cleaning ? Most repair shop type business ? I mean if you really work for it than you can implement blockchain into anything you want, as long as anyone uses a computer for their business than they can use blockchain as well but if you mean daily tasks that doesn't require blockchain than the ideal examples would be cleaning and repair shops.

When you are cleaning you do not need any sort of blockchain, you just clean the dirty places and thats it, however if you really want to than you can make a blockchain based software for cleaning companies to keep track of who cleaned where and when type stuff.

Car repairing doesn't require blockchain at all, you change the oil, you fix the tires, you change the brakes and what not but if you really wanted to you can make a software to keep track of which cars were repaired on which parts and so forth.

SirLancelot

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Making use of the blockchain technology is a thing of choice and we are not the ones to tell whether it’s going to benefit any company or not, it’s all left for them to carry out a meeting and know if the Blockchain tech that is being said will in any way benefit their company or organization. I have seen a lot big companies that backs projects that has to do with Blockchain but don’t make use of it.

Quote from: FunGate on November 06, 2018, 05:55:49 AM

Quote from: Blanca_Gregory on November 05, 2018, 02:04:51 PM

Maybe journalism? At least not the entertainment news media outlets. It might be beneficial to hard-hitting news, but I'm not sure if it will be a good thing for the newspaper and the people.

I think it would especially be great for the media and the people. Decentralized news websites would eliminate fake news. It would be resistant to censorship and verifiable, while ensuring accuracy and transparency by using incentives.

Lol, you’re confused. The comment you replied is saying that the Blockchain technology won’t benefit/work for journalism and here you are saying that it will be a good thing to be used in the media please how exactly are we going to make use of the blockchain technology in journalism? It’s not a must that companies will make use of blockchain and its not even necessary.

Kakmakr

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I think the most obvious examples will be smaller industries that might lack the funding to hire expert developers to develop and maintain the complexities surrounding Blockchain technologies.

Some industries have very efficient financial databases and Blockchain technologies might not add any extra value. Why would you add some new technology, if your solution is working?

You do not have to be at the forefront of new technologies, just because it is the new trend. You can wait until the new technology has matured enough, before you jump onto the bandwagon. Wink

futile-resistance

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Quote from: Blanca_Gregory on November 05, 2018, 02:04:51 PM

Maybe journalism? At least not the entertainment news media outlets. It might be beneficial to hard-hitting news, but I'm not sure if it will be a good thing for the newspaper and the people.

The economy and finance related to the journalism and the media entertainment can be updated to the cryptocurrency wing for convenience and this might also boost the profit that is normally earned using fiat for this purpose.

In addition to industries like the Journalism, I believe that the undocumented industries and economies cannot be improved using this mood of transaction. This is just because majority of them are too illegal to be documented and cannot be covered by the cryptocurrency.

jseverson

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Quote from: leavolnhals on November 06, 2018, 08:23:14 AM

I think blockchain technology can be applied to many industries. Because we are in the digital age and very modern. So we need to make things faster and blockchain technology can help us. Blockchain technology can become a tool for faster payments.

Blockchains don't necessarily make things faster though. The fact of the matter is that traditional databases can fill the need of most industries well enough. Blockchains are very niche, and therefore have very specialized applications. It's not even needed for payments. If a company chooses to accept Bitcoin, they won't need to set up an entirely new blockchain to accommodate it.

But hey, if you definitely feel like blockchains make everything better, might as well put your money where your mouth is and invest into obscure ICOs, right? Don't do that though lmao.

leavolnhals

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I think blockchain technology can be applied to many industries. Because we are in the digital age and very modern. So we need to make things faster and blockchain technology can help us. Blockchain technology can become a tool for faster payments.

Thomson-Winter

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There is no industry without transactions, so all industries need a blockchain if they accept bitcoin as the payment unit

HeRetiK

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Quote from: FunGate on November 06, 2018, 05:55:49 AM

Quote from: Blanca_Gregory on November 05, 2018, 02:04:51 PM

Maybe journalism? At least not the entertainment news media outlets. It might be beneficial to hard-hitting news, but I'm not sure if it will be a good thing for the newspaper and the people.

I think it would especially be great for the media and the people. Decentralized news websites would eliminate fake news. It would be resistant to censorship and verifiable, while ensuring accuracy and transparency by using incentives.

How? That's just another prime example of a technical approach to a problem that needs to be faced on a social level.

Yes, a decentralized website is harder to take down than a centralized one. But it neither enables verification nor accuracy of the content being distributed. Bad journalism stays bad journalism regardless of the medium. People will gobble up the bullshit that demagogues are feeding them regardless of whether the content is published on a centralized server or using a decentralized filesystem.

FunGate

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Quote from: Blanca_Gregory on November 05, 2018, 02:04:51 PM

Maybe journalism? At least not the entertainment news media outlets. It might be beneficial to hard-hitting news, but I'm not sure if it will be a good thing for the newspaper and the people.

I think it would especially be great for the media and the people. Decentralized news websites would eliminate fake news. It would be resistant to censorship and verifiable, while ensuring accuracy and transparency by using incentives.

Layers318

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Apparently, every industry, company, institution or business needs Blockchain unless that firm does not have payment systems. Blockchain can be utilized in all sectors like agriculture, education, health, finance etc to bring more added value to productivity and profit making margin.

wahyu wida

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for now they can say no dependency on blockchain, but we can see later where all companies will need it even though we don't know for sure when that will happen, because we know obstacles that must be faced

Joseph Abrams

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All industries require payment, if they accept bitcoin as payment, then all industries need blockchain.

HomuHomu

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I can´t think of any, we need to know that in future, all industries will need to join to internet if they want to survive, and deffinetely are going to use blockchain technology. But for the moment we just pay atention on science. Cool

figmentofmyass

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Quote from: SneakyLady on November 05, 2018, 11:06:53 AM

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?

i would say most industries can't benefit from using blockchain technology.

i keep seeing people say it'll disrupt all these industries---healthcare, manufacturing, voting, etc---but i've never seen a convincing explanation of how. supposedly smart contracts can cut intermediaries out of supply chains because "traceability" but since it's impossible to eliminate trust at any point in the chain, it seems totally pointless. applying blockchains to voting seems disastrous. either privacy (and the idea of secret ballots) is severely compromised, or voter fraud will become rampant.

so far, blockchains are useful for decentralized money (decentralized implies permisionless, censorship-resistant qualities). even smart contracts are just a proof-of-concept at this point for real world applications.

becak mesin

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Blockchain can be used in any industy because it doesn't only serve about money services but it can be operated to save any data. It is about future technology that drivers to better services that can make people activities more efficient, simple and transparent.

Blanca_Gregory

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Maybe journalism? At least not the entertainment news media outlets. It might be beneficial to hard-hitting news, but I'm not sure if it will be a good thing for the newspaper and the people.

Topic: Which industries don't need blockchain? - page 6. (Read 1372 times)