The future of Blockchain
I was really interested in Blockchain and DAPP during the past few months and here is what I summarized about the future of blockchain trending
18 industries will disrupt because of Blockchain Technology
distributed ledger
transparent safe auditable and resistance to outages
transparent democratic decentralized efficient secure
1. Banking and payments
Unbanked (to third world )
Allow anyone to send money
ABRA
BARCLAYS
2017 15% (IBM predict)
2. Cybersecurity
Data verified and encrypted
Eliminates middleman
3. Supply chain management
Monitor securely
Time; costs; labour; waste; emissions
Environmental impact of products
Verify authenticity of fair trade
PROVENANCE; FLUENT; SKUCHAIN; BLOCKVERIFY improve supply chains
4. FORECASTING
Change how we do research, consulting, analysis and forecasting
AUGUR (global decentralized prediction market
Bets (sports, stocks, elections)
5. Networking and IOT
Samsung and IBM (eliminate the need for central location to handle communications for IOT devices)
Devices could communicate directly, update software, manage bugs, and monitor energy usage
6. Insurance
The global insurance market is based on TRUST management
Blockchain is a new way of managing trust
ORACLES integrate real-world DATA with smart contracts
This technology is useful for any type of insurance that relies on real-world data
Aternity
7. Private transport & Ride sharing
Use to create decentralized peer-to-peer ride sharing apps
ARCADE CITY ; LA’ZOOZ
Automatically pay for parking, tolls and fuel
UBS, ZF and INNOGY
8. ONLINE DATA STORAGE
Centralized servers are vulnerable to hacking, data loss, and human error
Blockchain allows cloud storage to be more secure and robust against attacks
STORJ: decentralized cloud storage
9. CHARITY
Common complains in the charity space include inefficiency and corruption
Blockchains can help donations to get where they’re going
BITGIVE lets donors see where their donations go (let the intended party to see where the funds go)
10. VOTING
The Blockchain will disrupt voting
Blockchain can be used for voter registration, verification, and vote counting
(ensure only legitimate vote are counted)
immutable, publicly-viewable ledgers of recorded votes would make elections more fair and democratic
DEMOCRACY EARTH and FOLLOW MY VOTE are aiming to disrupt democracy
11. GOVERNMENT
Government systems are often slow, opaque, and prone to corruption
Blockchain can reduce bureaucracy and increase security, efficiency, and transparency of governmental operations
DUBAI is aiming to put all its government documents on the blockchain by 2020
12. PUBLIC BENEFITS
Suffers from slowness and bureaucracy
Blockchain can help assess, verify and distribute benefits securely
GOVCOIN is helping the government to distribute public benefits using the blockchain
Good contendor for implementing a basic income
CIRCLES is a project working on developing a blockchain based universal basic income
13. HEALTHCARE
Another industry that relies on legacy systems is healthcare
Hospitals need a secure platform to store and share sensitive data
Blockchain can help hospitals safely store medical records and share them with authorized doctors or patients
GEM and TIERION are working on disrupting the current healthcare data space
14. ENERGY MANAGEMENT
A highly centralized industry
Energy producers and users cannot buy it directly from each other and must go through the public grids
TRANSACTIVEGRID uses the ethereum blockchain and allows customers to buy and sell energy from each other in a decentralized way
15. ONLINE MUSIC
Blockchain startups are coming up with ways for musicians to get paid directly from their fans
Smart contracts can solve licensing issues and catalog songs with their respective creators
MYCELIA and UJO music are creating blockchain-based solutions in the music industry ]
16. RETAIL
When you shop you trust the retail system of the store or marketplace
Blockchain based retail utilities connect buyers and sellers without a middleman and associated fees
Trust comes from smart contract systems
OPENBAZAAR and OB1 are disrupting the retail space
17. REAL ESTATE
Issues in buying and selling real estate: bureaucracy, lack of transparency, fraud and mistakes in public records
Blockchain technology can speed up transactions by reducing the need for paper-based record keeping
Help tracking, verifying ownership, ensuring accuracy of documents, and transferring property deeds
UBITQUITY is a blockchain secured platform for real estate record-keeping
18. CROWDFUNDING
Crowdfunding has become a popular method of fundraising for new startups and projects. Crowdfunding platforms create trust between creators and supporters, but they also charge high fees
In blockchain based crowdfunding, trust is created through smart contracts and online reputation systems
New projects can release their own tokens that can later be exchanged for products, services or cash
Many blockchain startups have now raised millions of dollars through such token sales
to be continue discovering …
