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16 Blockchain Dis­rup­tions (Info­graph­ic)

Blockchain vector illustration background
Blockchain tech­nol­o­gy is prob­a­bly one of the most impact­ful dis­cov­er­ies in the recent his­to­ry. After all, it has a mas­sive poten­tial to change how we han­dle online trans­ac­tions. Despite some skep­tics, the major­i­ty of experts agree that blockchain has the poten­tial to dis­rupt the bank­ing and finan­cial indus­try, and many oth­er ones!

But what is this tech­nol­o­gy exact­ly?  BitFortune.net explained this in Layman’s terms, as well as pro­vid­ed an insights into how dif­fer­ent indus­tries can ben­e­fit from blockchain.

To put it sim­ply, blockchain enables decen­tral­ized trans­ac­tions across a P2P net­work. There is no need for a mid­dle­man, result­ing in almost instan­ta­neous oper­a­tions and most impor­tant­ly, low fees. Plus, trans­ac­tions car­ried out through a blockchain are much more secure, trans­par­ent, and pri­vate.

As men­tioned ear­li­er, dif­fer­ent indus­tries will have dif­fer­ent ben­e­fits from imple­ment­ing blockchain tech­nol­o­gy, and that is what this info­graph­ic is all about. For exam­ple, the bank­ing sec­tor will get faster trans­ac­tions, low­er costs, improved secu­ri­ty, and bet­ter record keep­ing. Also, the blockchain tech­nol­o­gy can improve elec­tron­ic vot­ing sys­tems. With this tech­nol­o­gy inte­grat­ed into a vot­ing sys­tem, gov­ern­ments won’t be able to tam­per with votes because blockchain cre­ates pub­licly view­able and singed trans­ac­tion that can’t be changed or rewrit­ten.

This info­graph­ic will help you under­stand how the blockchain tech­nol­o­gy can and will improve 16 dif­fer­ent indus­tries, from music to gov­ern­ment. So, read on and find out what their future will look like.

blockchain disruptions infographic

 

Info­graph­ic Sources:

Fin­tech­Fans

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