Blockchain is revolutionizing industries, enhancing customer experience, and revolutionizing trust in business. The popularity of Bitcoin and other virtual currencies is already proving blockchain’s usefulness in the finance and banking industries, but this distributed ledger technology doesn’t stop itself there. Let’s distill the top five industries blockchain will make inroads into.
- Banking, Finance, and Insurance
Blockchain is injecting better security and information exchange into the banking industry which always needs a roof of digitized and secure environment to serve as key storehouses and value transfer centers. Blockchain is truly justifying its promising role in the financial services economy in a variety of ways. Many banks have also pioneered the new technology, including Swiss bank UBS and UK-based Barclays.
- Retail and consumer goods
In the retail and e-commerce industries, blockchain products are acting as a reluctance to disrupt…