Few technological innovations hold so much promise as blockchain. Much like how the internet changed the world forever, it may well cause the same upheaval in our lives. Coming into existence in 2009 in the form of the cryptocurrency known as Bitcoin, it gained more and more attention as people found more and more applications for this technology outside of cryptocurrency.
Blockchain is a digital distributed ledger that’s decentralized, immutable, and transparent.
More precisely, anything on a blockchain network could be transferred between parties without the approval of a third-party authority such as banks. Information on the platform cannot be removed and is visible by either all members of the blockchain (called a private blockchain) or virtually anyone (called a public blockchain).
The implications of implementing such technology are immense. Because of how differently blockchain works with what we’re familiar with, most industries would have to be turned upside down to enforce such radical changes. The end result, however, would be a vastly safer, more efficient, and reliable infrastructure.
Many institutions are already on their way of integrating blockchain technology. Banking, healthcare, insurance, supply chain marketing, and even governments have plans underway to go blockchain in the foreseeable future.
There are, of course, many more industries in blockchain’s sights. If you want to find out which other industries are at the doors of complete disruption caused by this tech, you are more than free to take a look at this amazing infographic.
This stat sheet will tell you everything you need to know about industries going under reforms from head to toe because of blockchain. You’ll also learn about the principles blockchain works on, as well as the professional opinions of various experts on the matter.
The layout and design of this infographic are what really make it shine, though. It’s made to be extremely easy to comprehend and learn from, because every piece of information found therein is important and relevant to the topic, with no extra frills to weigh you down. 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.
Thanks go to Bitfortune.net for their infographic.