The present technology trends are massively changing and evolving industries. One such trend is the blockchain craze as firms are trying out new ways of optimizing their operations with the blockchain technology. Blockchain-based researches and projects are becoming a norm, and the race for the blockchain gold rush has fully kicked off in various industries.
Blockchain and dot.com
The growing influence of blockchain in today’s industrial revolution has been skeptically compared to the dot.com bubble by factions that have chosen to remain ignorant of the blockchain’s innovative features. Still, the sudden rise of blockchain to the forefront of technological trends is a testament to its disruptive nature. Therefore, it is becoming common to see write-ups and articles forecasting its influence on selected industries.
In truth, the blockchain disruption encompasses almost every industry, and this conclusion stems from the fact that we are yet to scratch the surface of the immense possibilities available via the blockchain explosion. A vivid picture of the situation can be seen on the blockchain disruption infographic below, which clearly describes the ways by which blockchain is increasingly disrupting the norms in the 16 industries.
Definitely, the ongoing surge of blockchain startups and projects in these industries is a result of the favorable functionalities the technology possesses.
For instance, the charity sector, which has been riddled with corruption and misappropriation, is a perfect breeding ground for the blockchain systems. Its ability to uphold consensus-based networks, which in turn establish transparency, will drastically transform the charity sector.
In addition, blockchain is steadily rebranding the supply chain management industry, and its influence in this space is becoming pronounced. Gone are the days when the source of products and their journey through the supply chain are unverifiable. The emergence of improved blockchain-powered supply chain trackers is surely transforming this space as data entered into these trackers is immutable.
A careful study of the infographic will help you admire the impact of the disruptive nature of the blockchain technology.