Topic: Which industries will get disrupted by Decentralized Blockchain Technology? (Read 396 times)

Probably the most one that will actually be affected by decentralized blockchain are banks and government and that is due to the fact they are heavily relying on fiat and centralization, with this technology slowly taking over most of the industries and with it becoming popular i think that government will go towards making fiat digital with the blockchain, but if they do that it has to be centralized so they can control it and monitor the transactions, and the is not what blockchain supposed to be, and that would kind ruin it and disrupt it.

which is very disturbed is the banking system and the government because it is very transparent. therefore we will have unlimited repositories through blockchain technology created by a network of devices that are tied to each other.

Thanks for sharing the link, its helpful!

If you take globally the industry as a whole, I understand why the use of the blockchain is not yet frequent and not regulated. sounds strange, but these technologies can be considered a means to control honesty. since the chains are unchanged and allow you to build a transparent relationship system, this can help reduce corruption. Not everyone wants it

Now a total restructuring is taking place in the community. See how many merchants use blockchain, medical and educational institutions are interested in technology to facilitate the process of authenticity control and improve communication. Blockchain is already everywhere and it does not cause destruction, only a paradigm shift

Can the blockchain disrupt the foundations of all industries? Even if they say that it is necessary to destroy it in order to build a new one, this does not apply to the blockchain. The use of these technologies will most likely indicate a new development path in order to make services global, transparent and convenient not only for their founders, but also for users.

The banks and the government are the major bodies that are going to be disrupted by al the solutions of blockchain technology. Because decentralization and transparency of the blockchain technology would curb corruption and bribery in government and also decentralizations would also reduce the cost of transactions.

I do not think that any industry will suffer.Most likely, reformatting will simply occur.People will finally live for fun,without corruption and time-consuming paperwork works.I don't see any point in listing all the industries,because blockchain will have a positive impact on all industries.

everything will be absorbed into the digital world eventually

short term its banks tho the greater impact is being felt

on commerce and social interaction by the internet itself

Of course the government for government is a centralized system from head to its tail. This is how the government works there could be no job done without the approval of the head of the department or the city or the states. This is why the most affected centralized structure is the government.

But, mind you that there could be no effective system when there is an absolute decentralized and absolute centralized system. A study has been condcted into this and the conlusions that a system will be effective with the balance of decentralized and centralized system.

another big one is medical industries and healthcare.

None. All these industries, institutions and corporations will continue existing. If at some point bitcoin becomes a real threat to their businesses, they will just regulate it or adopt it partially until it's not a threat anymore.
All kinds of businesses in the world tend to evolve from time to time: that is what bitcoin and blockchain are forcing them to do now, so they won't get disrupted.

For me, money transfer organizations and companies will be affected by the blockchain. Because current money transfer systems cost a lot of fee, cumbersome procedures. The application of blockhain and crypto technology will help transfer money faster and simpler, but the downside of blockchain is that the transaction speed is still not high.

It can be used in many sectors including government and private to protect copyrights and have a record that cannot be manipulated, it is just the beginning and it might take a long time to get implemented in every sector but it can help in reducing corruption and can bring transparency to any government and private organisation. But the biggest question will be, will the government integrate blockchain technology and be transparent  .

There is lots of Industry will get benefit from Decentralised Blockchain Technology
1) Remittance or Cross border payment : Current cross border payment system having lots of Procedure and Higher Fees and more time consuming ( person who already tried to send Money to other countries would have experience the pain) . Its already solving even more solutions are coming.
2) Government Sectors and Notary : Recent Smart contract platform allowing to create fool free or Not duplicable contracts . Like Certificates , land documents even more . Recently indian government started to give birth certificate using blockchain technology so that it will never modified.
3) Telecom Sectors : There should be a data stored and keep it safe so that it cannot be modified or it should not have any human intervention  its main Challenges facing by telecom domain . Blockchain solution can solve this by using decentralised database.
4)Storage and Data Sensitive industry : As there is lots of Social medias are using our Data's all of the data's could be protected by blockchain technology  Even highly sensitive data protected by blockchain technology .
4) Financial Industry : There is lots of Financial solution already there in Blockchain including payment gateway to Insurance . Again there is lots of independent currencies exist for each solution. Need of individual currency for each platform highly debatable .

only corrupted systems will be disrupted by the decentralization that was introduced to the world by bitcoin and its technology, otherwise others will only adapt and survive by changing their infrastructure to match the new world and the new demands.
for example the banking system and the government that was corrupt will be disrupted because they can no longer continue their corruption the more bitcoin advances but those banking systems and governments that aren't corrupted (of course there is no 0 corruption but having less corruption) will change their systems and continue as before even stronger.

People seem to think that financial industries will be disrupted by Bitcoin and it is not entirely true, because these industries are already working on their own "Blockchain" based technologies to prevent that from happening.

They will not sit on their hands and wait for Crypto currencies to disrupt them, they just hire some Crypto currency developer and pay them a lot of money to develop their own Alt coin.  

The blockchain technology can potentially affect (for good, most likely) many industries. Now, finance and banking is what I have in mind that can benefit first and foremost with this innovation. Including in this industry is the remittance business which is huge and involves millions of people or users globally. Our definition, view and use of money is changing thanks to bitcoin and cryptocurrency. I am also looking forward how the blockchain can help the food and healthcare industries as these two are very critical for our own survival as species here in this withering planet.

Blockchain technology with a decentralized concept will disrupt and threaten the existence of the banking world.  when the public are interested in the crypto world, the bank will not print fiat. 
fiat will not survive for a long time.  the digital world will affect the bank.  so they have to change the concept of their financial system with blockchain.

Any data intensive sector can be disrupted by blockchain. It doesn't only include Banking. Banking is the one sector that can be revamped by blockchain, but there are other data intensive secrors like, government records especially land and finance can get an overhaul by blockchain.

There are sectors like supply chain which has a huge potential of using blockchain to get the best out of it. You can read the below article to get more insight,

https://medium.com/bitfwd/top-5-most-compelling-use-cases-for-blockchain-technology-d198e500e3d3

Even though this article doesn't cover everything, but still a good read!