What began as the basis of cryptocurrencies such as Bitcoin, blockchain technology essentially a virtual ledger capable of recording and verifying a high volume of digital transactions is now spreading across a wave of industries. Blockchain tech has gone far beyond its beginnings in banking and cryptocurrency: Annual global spending on blockchain applications has almost tripled since 2017.
11. CAR LEASING AND SALES – The experience of leasing, buying or selling a vehicle is a notoriously fragmented process for stakeholders on all sides of a transaction, but the blockchain could change that.
12. CAR LEASING AND SALES – By encrypting down to the hardware level and leveraging blockchain technology, filament’s decentralized network stack allows any device to connect, interact and transact independent of a central authority.
13. CLOUD STORAGE – Blockchain cloud storage solutions allow storage to be decentralized and therefore less prone to attacks that can cause systematic damage and widespread data loss.
14. CLOUD COMPUTING - Cloud services require vast computational resources and data storage capacity, which can be inefficient when it comes to launching IoT products. Blockchain technology can help facilitate more decentralized cloud services, increasing connectivity, security, and computational power.
15. FORECASTING - Embrace blockchain in a holistic way, the research, analysis, consulting, and forecasting industries could also be shaken up by the technology: with an unshakably accurate transaction record supporting their data analysis, forecasting operations will have a stronger foundation for using machine learning algorithms to cultivate targeted predictions and insights.
16. MUSIC/ENTERTAINMENT RIGHTS AND IP - Entertainment entrepreneurs are turning to the blockchain to make content sharing fairer for creators using smart contracts, whereby the revenue on purchases of creative work can be automatically disseminated according to pre-determined licensing agreements.
17. STOCK TRADING - For years companies have worked to ease the process of buying, selling, and trading stocks, and now new blockchain-focused start-ups are looking to automate and secure the process more efficiently than any past solution.
18. REAL ESTATE - For buying and selling property include a lack of transparency during and after transactions, copious amounts of paperwork, possible fraud, and errors in public records. Therefore, Blockchain offers a way to reduce the need for paper-based record keeping and speed up transactions. Blockchain applications can help record, track, and transfer land titles, property deeds, liens, and more, and can help ensure that all documents are accurate and verifiable.
19. INSURANCE - Companies like Airbnb, Tujia, Wimdu, and others provide a way for people to temporarily exchange assets including private homes for monetary value. Together with blockchain start-up Stratumn, which helps developers build trustworthy applications enabled by Blockchain features, professional services firm Deloitte and payment services provider Lemon Way recently unveiled a blockchain-enabled solution called LenderBot. LenderBot, which allows people to enrol in customized micro-insurance by chatting through Facebook Messenger, enables blockchain to serve as the third-party in the contract between individuals as they exchange high-value items through the sharing economy.
20. HEALTHCARE – Use blockchain technology could allow hospitals, payers and other parties in the healthcare value chain to share access to their networks without compromising data security and integrity.
Ref : https://www.cbinsights.com/research/industries-disrupted-blockchain/
