While the US mainstream financial institutions are generally reluctant to enter the first encryption currency market, but many companies and industries are more likely to explore the possibilities inherent in the block chain technology.
Companies have explored how the block chain to change the way cross-border payments, improve identity and data in a confidential manner, and how smart contract will extend the functionality into the mainstream business world. As a distributed books block chain technology that allows encryption currency as operational as they. It is even possible to extend its influence outside the realm of monetary encrypted, even if the digital money has disappeared from interests as a group as well. Below, we will explore possible because some of the industry quickly block chain revolution.
Insurance
As an insurance industry has to prepare for the integration block chain technology. Use of unique books distributed validation capability, insurers can contract independent validation data in order to achieve a smoother process at every stage of the game.
vote
Around the world, to ensure that the voting process is fair and responsible for a very important point. Block chain can help improve the process and increase reliability and safety. Use block chain technology, the voting process can improve everything from registering to vote count. Most importantly, the block chain distributed ledger is publicly accessible and immutable fact means that it will increase the transparency of the process.
prediction
Some companies, such as Augur, have been developed to predict market globally dispersed using the block chain technology. In addition to these types of betting system, chain block prediction techniques other applications. In fact, the block chain can help simplify data organization from the traffic model to predict the weather.
government
For many people, the term government, is synonymous with bureaucratic red tape and slow down. In addition, many aspects of government is neither efficient nor transparent, which means that they are susceptible to corruption. The use of block chain, can simplify all aspects of government programs, thereby reducing bureaucracy and improving hijack information security and transparency.
Crowdfunding
In the past few years, crowdfunding has become one of the most popular way people raise funds for various projects and goals. Crowdfunding is a source of trust between the people who are willing to seek funding projects and donations in support of these objectives. Crowdfunding sites are usually maintained themselves through service charges, acts as an intermediary between the project developers and providers. Block chain can help reduce the need for intermediaries, better project managers and people who are willing to provide an effective way to link.
retail
Personal shopper, whether in store or online store, retail systems are trusted. By block chain, buyers and sellers can gather together directly, eliminating the middlemen and keep prices competitive. You can also develop intelligence contracts to strengthen this process and improve security.
real estate
As a real estate industry due to the lack of transparency bureaucratic and susceptible to fraud. Public records errors are also common. Block chain can help speed up the real estate industry and keep honest records. By reducing the use of paper and to help track and verify ownership, block chain system can improve the real estate in many ways.
Banking and payments
Banks and payment companies have shown great interest in the block chain technology. bloky.com represented by block chain, users worldwide can obtain bank business opportunities they would not otherwise have. Especially personal and not Standard Bank of people in developing countries, can use block chain to obtain these services. Block chain digital currency cooperation, allows instant transfer of funds between countries, without a lot of expense and delay time.
Of course, there are countless other industries can benefit from the block chain integration. As more and more companies open their doors to block chain and the possibility that the foregoing list may be longer.
