Uploaded on May 12, 2020
These are the seven industries where Blockchain is finding active usage. Thus it has also become a great career option. If you too are willing to make a career in this field, then you must go for Blockchain certification by Blockchain Council.
Top 7 Industries That Will Be Quickly Disrupted By Blockchain
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Top 7 Industries That Will Be Quickly Disrupted
By Blockchain
Blockchain is one of the most disruptive technologies positively that has impacted
different industries. It has brought in specific changes which are going to make the
business operations seamless and free from errors. Since the world is moving
towards digitization, there is a need for a system which can ensure that the digital
platforms are safe and free from any loss of data. The conventional system is not
able to provide the kind of safety and protection that we are looking for, hence
making the system safe for the user. Blockchain guarantees all this.
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Key Features Of Blockchain That Can Be Helpful For Other Industries:
It is important to mention here that there are certain key attributes of Blockchain,
which makes it helpful for other industries, here we are elucidating the same:
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1. Decentralization — One of the key features of Blockchain is that it is a
decentralized platform which means that the data is distributed and can be
accessed easily from anywhere by the people in the system. It also prevents the
loss of data.
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2. No third party interference- Blockchain transactions are free from third-party
involvement. This again saves time and money, which otherwise goes in the form
of commission.
3. Provenance- Tracking of data is a feature which makes Blockchain ubiquitous
and finds use across different industries. The data is stored along with data and
time, which makes tracing easy.
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4. Immutability- The data that once enters DLT gets stored cryptographically,
which makes data deletion of data difficult. Thus ensuring complete safety of data.
5. Faster transaction- Because of the lack of third party involvement, the
transaction takes place easily. Without the need of going through the process of
validation and verification, this eventually saves cost and time.
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These are a few of the key features of Blockchain, which has made it an inevitable
technology for the future.
Industries Which Will Be Benefitted By Blockchain Technology:
When it comes to usage of Blockchain in different industries, then its use cases
are varied. We bring you a list of 7 industries which will be using Blockchain
technology:
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1. Supply Chain Management- Here, Blockchain can be useful by providing its
tracking and tracing features. The companies can easily track the movement of
product and also see if there has been any disruption midway. It eventually
ensures that products are authentic and have reached their destination without
any disturbances.
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2. Education- Another segment where Blockchain can find a multitude of use is
education. Many institutes and universities are using the DLT platform for storing
student credentials, academic and personal records. Since Blockchain ensures
that the data is free from any alteration, or hacking attack, the information stored
on the ledger is safe.
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3. Healthcare- Record keeping is very important in the healthcare sector. It has a
lot of information about the health of the patients, their previous health records and
other information. Some of this information is confidential and cannot be shared
with the third party. In such a case, Blockchain provides a platform where the data
is safe, and the records can be easily accessed.
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4. Real Estate- This is yet another segment where you can find the active use of
Blockchain. Smart Contracts are used for executing the transaction. Moreover, title
deed clearance, data storage etc. are a few of the many uses of Blockchain.
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5. Intellectual Property- One of the major concerns if the content creator is the
fact that they need to have complete authority over their content and get the best
price for the same. With Blockchain, the user has direct access on their data and
content; it is them who allow the sharing of information, thus giving them complete
authority over their content, thereby protecting their IP rights.
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6. Cybersecurity- Safety and security of data are important, and here Blockchain
can come as a solution. The data on the DLT is safe and free from alteration, thus
it can ensure complete safety of data.
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7. Banking and financial sector- We cannot miss talking about this segment.
Banking and financial sector ensure that the transactions take place faster.
Moreover, data security and KYC are other areas where Blockchain can provide to
be beneficial.
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These are the seven industries where Blockchain is finding active usage. Thus it
has also become a great career option. If you too are willing to make a career in
this field, then you must go for Blockchain certification by Blockchain Council.
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Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain
space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
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THANK YOU!
Any questions?
You can mail us at
[email protected]
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