Industries Blockchain Will Disrupt
Blockchain has gone far beyond the financial sector and cryptocurrency. In fact, forecasts suggest that spending on blockchain solutions will continue to grow in the coming years, reaching over almost $18 billion by 2024. Industries from insurance to healthcare are starting to use blockchain.
Bitcoin’s popularity is proving blockchain’s usefulness in finance, but it’s believed that blockchain could transform many more industries. Ultimately, there are virtually endless use cases for a transparent, verifiable transaction data register – particularly because blockchain operates through a decentralized platform that doesn’t require central control, making it resistant to fraud.
While many companies use blockchain to achieve greater transparency across the digital information ecosystem, few of us know how it will impact several industries apart from the financial sector. Here are the industries that could be transformed by blockchain or have its indelible impact in near future.