What industries are disrupted by blockchain?
It has the potential to touch every company's accounting, corporate governance, and human resources departments. But it may also profoundly impact sectors such as banking, cloud computing, healthcare, insurance, and real estate.
How blockchain is changing industries?
By enhancing transparency, security, and efficiency, blockchain technology has the potential to change various industries. It is the perfect instrument for performing safe and trustworthy transactions without the use of middlemen due to its decentralized and transparent nature.
What sectors or situations could blockchain be applicable to?
Top Blockchain Applications To Know
- Money transfer.
- Smart contracts.
- Internet of Things (IoT)
- Personal identity security.
- Non-fungible tokens (NFTs)
Will blockchain disrupt banking?
Blockchain technology has the potential to disrupt the banking industry in several ways by offering solutions to many challenges that banks face today.
What is the future of blockchain industry?
The future of blockchain in finance is quite promising. The cost of money transfers between different intermediaries is very high. Blockchain technology can eliminate the need for such intermediaries and help in lowering the cost significantly. It can provide the finance sector with a transparent ledger system.