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Future Blockchain technology will change these 18 industries
Future Blockchain technology will change these 18 industries

Since the birth of the Internet, the cost of information dissemination has been greatly reduced, the efficiency of information dissemination has been greatly improved, and the productivity of the society has been liberated like never before. It is no exaggeration to say that the Internet has changed the overall pattern of human society.

However, when enjoying the many conveniences brought by the Internet, we have to admit that the Internet still has a lot of defects, especially in security and mutual trust. The birth of blockchain technology has precisely brought a new dawn for solving the problems existing in the Internet society.

Since blockchain technology has the characteristics of openness and transparency, difficult to tamper with, and does not rely on intermediaries, blockchain can realize safe, efficient and low-cost value transmission. People are expected to build an Internet of value transmission based on blockchain, further promoting the liberation of social productivity.

At the same time, just as "every new technology will change or even disrupt many industries", blockchain will change these 18 industries in the future!

1, the banking industry

The application of blockchain technology in the financial sector will change the transaction process and record-keeping, significantly reduce transaction costs, and significantly improve efficiency.

2, Network Security

Blockchain, while not a panacea for fixing all Internet problems, can be a powerful tool for experts and engineers, especially for systems with single points of failure and centralized vulnerabilities.

3. Supply chain management

The supply chain is a complex, functional web-chain structure linked by suppliers, manufacturers, distributors, retailers, and users. In this chain, capital flow, information flow, and physical flow interact with each other, and it is extremely difficult to collaborate, and the traditional coordination mechanism relying on a single "chain master" has already encountered a bottleneck. The blockchain's "decentralized" model provides a rich imagination for solving this problem.

4. Forecasting

The forecasting market needs a decentralized, open and transparent platform that is more adaptable to the participation of global users in order to change the status quo, which is a natural match for the characteristics of the blockchain. Whether it's from betting to stocks to elections, these technologies allow for decentralized betting and observation.

5. Networks and the Internet of Things

The idea of applying blockchain technology to the Internet of Things (IoT) has been around for a while. In fact, blockchain technology looks like it could be a suitable solution for at least three aspects of IoT in its own right: big data management, security and transparency, and the facilitation of microtransactions based on the exchange of services between interconnected smart devices.

6. Insurance

Forces from technology are bringing the insurance industry more and more back to its essence: linking subject matter, regaining trust, and sharing **** to enjoy. In other words, the traditional insurance industry's law of large numbers may encounter more uncertainty and birth new possibilities because of technology, science and technology, and links.

7. ****HEALTH ECONOMY

Blockchain is inherently decentralized, which is highly compatible with the purpose of ****health economy. The Tencent Blockchain Program White Paper shows that Tencent is applying smart contracts to bicycle leasing, housing **** enjoyment and other areas, if this smart contract is applied to today's hot **** enjoyment of the field of cycling, may bring a new change to the industry.

8, cloud storage

Blockchain technology can support the distributed storage of encrypted data, which is the core of collaborative cloud storage.

9, charity industry

For charity, the openness and transparency brought by blockchain technology can ensure that donors understand the flow of their funds clearly and can be queried; the non-tamperable characteristics can also ensure that the financial information will not be tampered with; anonymizability also protects the privacy of donors.

10. Voting

Blockchain technology can be used for voter registration, identification, and electronic counting to ensure that only legitimate votes are recorded and that votes cannot be altered or removed. Creating an immutable, publicly visible ledger of voting records makes elections fairer and more democratized.

11, government management

Government services is one of the most direct and significant application areas of blockchain technology, and cross-agency information interoperability will effectively improve government efficiency.

12. Public welfare industry

The Internet culture itself has the genes of equality, openness and mutual assistance, which is a perfect match for public welfare.

13, medical industry

The medical industry still relies on the old system and lacks a way to store data safely. Blockchain can be widely used in medical and health information*** enjoyment, medical process transparency, and medical malpractice liability traceability.

14, energy management

To make the energy internet successful, all kinds of information interaction, smart grid control and scheduling, and cooperative control of distributed power sources are the barriers it must cross, and blockchain technology is trying to solve these problems.

15, music copyright

The importance of music copyright for online music platforms is self-evident, and having more copyrights means being able to capture more users, and the platforms can get better opportunities for development as a result.

16. Retail

When we shop, we need to trust the retail system of stores. Decentralized blockchain can make retail different, buyers and sellers can connect directly without middlemen and fees.

17, real estate industry

Blockchain technology can change the way the real estate market operates, can merge many complex processes and instances that real estate companies usually have to deal with, speeding up the transaction process, reducing fraud, and providing a more transparent and secure transaction for every participant.

18. Your industry

If your industry deals with data or any transactional system, there's a good chance that it will be transformed by blockchain, which is an area open and full of opportunity.

Of course, as an emerging technology, blockchain landing application still faces many challenges, and more blockchain technology enterprises like Matrix Yuan are needed to get down to earth to overcome the difficulties in the actual application of blockchain, and to promote the wide application and development of blockchain.