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Author Topic: The Impact of Blockchain  (Read 205 times)
sunsilk
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September 06, 2023, 03:35:27 PM
 #21

Are there any other sectors that you believe blockchain technology will be of use in?
Mostly in every sector and industry, blockchain can be applied and be used. But it's just so happen that there are a lot of them that sees not needing for them being applied to their business.

Because they've been used to the traditional system, they don't see any application on it to make their business better. Anyway, you can think of anything, as in any industry where it can be useful.

blue Snow
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September 07, 2023, 03:25:11 AM
 #22

mostly schools and universities, because since every message that is stored on the blockchain cannot get deleted or compromised, it will really be very useful in that aspect. Although schools and universities have their own databases where they store every piece of information that they want, I believe that if someone has access to log onto that database, they can alter or edit any information on that database, but with the use of blockchain, information stored on blocks cannot be deleted. Also, I read an article about "
Yes, I just talked about it in a post above. Blockchain is most suitable when implemented in the education sector. Besides that, the university and colleges can use or create their own blockchain for many purposes. Yes, besides being used for saving data, the university can use its own blockchain to create its own coin. So they have a concept that has never been used by another university. In this case, they will get a lot of efficiencies and maybe will become a pioneer for another institution in the future.
icalical
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September 07, 2023, 01:21:13 PM
 #23

Any sectors that required a database would be benefiting much with Blockchain, but I think the one Industry that should already has blockchain booming but hasn't is entertainment industry, there are a lot of things can be done with blockchain on the entertainment industry. NFT for example, there are already small number of NFT Fan collectible, but it should be more mainstream, more public figure and artist could made their own collectible NFT and let their fan show their support. I also haven't seen a Blockchain VOD or Streaming Service that quite successful, this could be a thing too.

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September 07, 2023, 01:38:43 PM
 #24

According to a recent report by Deloitte, blockchain is considered a critical strategic priority by 53% of global executives

A report from DHL indicates that companies implementing blockchain in their supply chain experience increased transparency.

A coin telegraph study predicts the global blockchain in healthcare market to reach $1.6 billion by 2025

The World Economic Forum suggests that blockchain could store 10% of global GDP by 2027

It's just polls, personal opinions, and predictions. There's no hard real world data of blockchain use today in actual economy. It's always just empty talks about the bright future, and this has been going on for years, starting from 2016. 7 years of hype, no results, and billions of dollars lost to scams.

If blockchain was such a great thing, it would have been used already. But it's not.
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