{"id":134,"date":"2018-02-20T07:56:53","date_gmt":"2018-02-20T07:56:53","guid":{"rendered":"https:\/\/blockchainappfactory.com\/blog\/?p=134"},"modified":"2019-04-13T16:51:45","modified_gmt":"2019-04-13T11:21:45","slug":"industries-that-benefit-from-blockchain-technology","status":"publish","type":"post","link":"https:\/\/www.blockchainappfactory.com\/blog\/industries-that-benefit-from-blockchain-technology\/","title":{"rendered":"Industries that benefit from Blockchain Technology"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The blockchain technology is a robust technology which bears resemblance to the internet of the 90s era, however, it is designed to impact the way we live, we function and the way we interact. Originally created for the regulation of digital currency such as Bitcoin, it is basically a digital, decentralized public ledger for all the cryptocurrencies. One of the unique aspects of Blockchain technology is that digital information can be distributed not copied, creating a backbone for a new type of internet. Presently, this technology is being primarily used to verify transactions, within the digital currencies; nevertheless, the tech community is finding other potential uses for the technology. <\/span><\/p>\n<h2><a href=\"https:\/\/www.blockchainappfactory.com\/blockchain-development-company\"><b>How will Blockchain technology impact other industries?<\/b><\/a><\/h2>\n<p><span style=\"font-weight: 400;\">The popularity of virtual currencies is proving Blockchain\u2019s usefulness in finance, but industry experts believe that blockchain can transform more industries. Since blockchain operates through a decentralized platform which requires no supervision, it is extremely resistant to fraud. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interestingly a lot of start-ups are deploying Blockchain in an effort to strive for greater transparency and accuracy across the <strong>digital information ecosystem<\/strong>. By switching to the blockchain, they are boosting awareness in other sectors ranging from infrastructure to public policy. Following are the different industrial segments which are harnessing the power of global blockchain:-<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3><b>Banking Sector<\/b><\/h3>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Since blockchain uses a secure and tamper-proof ledger, it could serve the same function by injecting enhanced accuracy and information sharing into the financial services ecosystem. It can be modified to provide financial services to billions of people around the world, including to those who are living in third world countries who don\u2019t have any access to a traditional form of banking. The UK based Barclays and Swiss bank UBS have already started experimenting with blockchain technology to accelerate the back office tasks, which could cut up to $20 billion in middleman costs. Banks are currently exploring and investing in <strong>Blockchain start-ups such as R3 CEV, who are currently working along with banks, financial regulators and technological partners in developing Corda,<\/strong> an exclusive blockchain platform designed specifically for the new operating system for financial markets.<\/span><\/p>\n<p><a href=\"https:\/\/www.blockchainappfactory.com\/blockchain-development-company\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-136 size-full\" src=\"https:\/\/blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Bank-1.jpg\" alt=\"Industries that benefit from Blockchain technology of Banking \" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Bank-1.jpg 1000w, https:\/\/www.blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Bank-1-300x200.jpg 300w, https:\/\/www.blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Bank-1-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3><b>Real Estate<\/b><\/h3>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Often the real estate segment gets a bad rep due to the lack of transparency during and after the transactions, large amounts of paperwork, fraud and unwarranted human errors in public records as well. But Blockchain offers a distinct method to <strong>reduce the need for paper-based record keeping and speed up the transactions,<\/strong> thus assisting the stakeholders to improve the efficiency and help in reduction of transaction costs at all sides of the transaction. <a href=\"https:\/\/www.blockchainappfactory.com\/blockchain-development-company\">Real estate Blockchain applications<\/a> can help in recording, tracking, transferring of land titles, property deeds and even ensure that all the documents are accurate and verifiable. <\/span><\/p>\n<p><a href=\"https:\/\/www.blockchainappfactory.com\/blockchain-development-company\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-137\" src=\"https:\/\/blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Real-estate.jpg\" alt=\"Industries that benefit from Blockchain technology Real estate \" width=\"870\" height=\"415\" srcset=\"https:\/\/www.blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Real-estate.jpg 870w, https:\/\/www.blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Real-estate-300x143.jpg 300w, https:\/\/www.blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Real-estate-768x366.jpg 768w\" sizes=\"(max-width: 870px) 100vw, 870px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3><b>Supply chain and Logistics<\/b><\/h3>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Using this technology financial transaction can be well-documented in a decentralized record and monitored separately. One of the advantages of using Blockchain is that it provides secure remote and transparent monitoring of transactions. This will <strong>reduce the potential time delays and removes human errors<\/strong>. Aside from that, it can also be used to monitor costs, labour and even emission control at every point of the supply chain. Blockchain\u2019s unique<strong> distributed ledger system<\/strong> can be used to verify the authenticity or the trade status of products by thoroughly tracking them from their origin. Provenance, Hijro, SKUChain and Blockverify are some of the reputed blockchain companies currently working in this segment.<\/span><\/p>\n<p><a href=\"https:\/\/www.blockchainappfactory.com\/blockchain-development-company\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-138\" src=\"https:\/\/blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Logistics.jpg\" alt=\"\" width=\"920\" height=\"500\" srcset=\"https:\/\/www.blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Logistics.jpg 920w, https:\/\/www.blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Logistics-300x163.jpg 300w, https:\/\/www.blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Logistics-768x417.jpg 768w\" sizes=\"(max-width: 920px) 100vw, 920px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3><b>Education segment<\/b><\/h3>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">We are all aware of the strict regulations that the present day <strong>educational institutions follow in order to be universally accepted and verified.<\/strong> Despite the progress made in recent year\u2019s verification of academic credentials still remains largely a manual process. Instilling blockchain solutions in the academic process could help in streamlining the verification process, thereby reducing fraudulent claims of un-earned educational credits. Recently Sony Global Education has developed a new educational platform in an exclusive partnership with IBM that uses <strong>Blockchain to secure the student records.<\/strong><\/span><\/p>\n<p><a href=\"https:\/\/www.blockchainappfactory.com\/blockchain-development-company\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-139\" src=\"https:\/\/blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Education.jpg\" alt=\"Industries that benefit from Blockchain technology Education\" width=\"980\" height=\"551\" srcset=\"https:\/\/www.blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Education.jpg 980w, https:\/\/www.blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Education-300x169.jpg 300w, https:\/\/www.blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/02\/Education-768x432.jpg 768w\" sizes=\"(max-width: 980px) 100vw, 980px\" \/><\/a><\/p>\n<h2><b>Future application in different segments<\/b><\/h2>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><b>Healthcare Segment<\/b><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Healthcare institutions are presently suffering from an inability to share data securely across platforms. Blockchain technology could allow hospitals, payers, patients and other parties in the healthcare value chain to share access to their networks compromising on the data security and integrity. <\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><b>Entertainment and Music Industry<\/b><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Entrepreneurs from the <strong>entertainment industry are switching to Blockchain<\/strong> to make content sharing fairer and easier for contracts who are using smart contracts. Thus the revenue from purchases of creative work can be distributed automatically according to the pre-licensing agreements.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><b>Stock Trading<\/b><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Companies have been working for years to ease the process of selling, buying and trading stocks. But now they are focusing on the Blockchain based start-ups who are looking to automate and secure the entire process more efficiently than any other past solutions. <\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4><b>Forecasting and Market Research<\/b><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Since more and more industries are adopting Blockchain technology in a more holistic way, Companies which are more specialized in areas of <strong>research, analysis and consulting<\/strong> are also being rattled up by this technology. The foundations of Blockchain are unshakable and are apt for accurate transaction record supporting the data analysis. Forecasting and predicting operations will have a strong foundation for using machine-generated algorithms to inculcate targeted predictions and insights. <\/span><\/p>\n<h4><b>Final Thoughts<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">There is an increased interest from entrepreneurs in <strong>Blockchain technology<\/strong> over the recent years due to its well defined, transparent, highly secured work process. To survive in this tightly knit competitive environment one must adapt to the latest technological advancements and right now Blockchain technology is definitely pointing to the future. we are one of the best technology company to <a href=\"https:\/\/www.blockchainappfactory.com\"><strong>develop decentralized applications development<\/strong><\/a> using blockchain technology.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The blockchain is a robust technology which bears resemblance to the internet of the 90s era, however, it is designed to impact the way we live, we function and the way we interact. Originally created<\/p>\n","protected":false},"author":3,"featured_media":142,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[9],"tags":[69,70,10,12],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Industries that benefit from Blockchain Technology - Blockcahin App Factory<\/title>\n<meta name=\"description\" content=\"Here we talk about blockchain technology and how healthcare, real estate, supply chain and logistics industries can get benefits from it, check out for more\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.blockchainappfactory.com\/blog\/industries-that-benefit-from-blockchain-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industries that benefit from Blockchain Technology - 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