What business industry will benefit the most from cryptocurrency?

[Impulseboy]

Early this evening I was at a friend's housewarming party and I overheard a couple of his other friends talking about cryptocurrency. Since I do not know any of them, I decided to lurk behind and listen. One of them explains what cryptocurrency is and how it works until the whole conversation turned to the industries that will benefit from it the most. The group suddenly went quiet. I think they are lost. So what do you think? If more and more companies start accepting bitcoins and altcoins as payments, which sector do you think will benefit the most from it? The first thing that came to mind is supermarkets, simply because it is the one that most people frequent to. The other thing I could think of is the automotive industry as well as real estate. But what do you think?

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[vit05]

Casinos. For me without doubt any companies related to games will be the most benefited. And today are already the best use case. Related companies I believe in great opportunities since it seems to me that the change of cryptocurrencies will be more universal than the exchanges between fiat.

[franky1]

retailing imagine the past
people paying money. that needed more people to count it at the cashier desk. needed then accountants to validate the balances. security guards to move it. CFO'(chief financial officers) to over see and supervise
bank tellers to take in the cash, bank managers. more security staff..

think of all the costs..
then bam
blockchain. now everything is calculated. checked, moved and secured.

now all a retailer needs is a retail store shelf filler that also unlocks the doors in the morning and close up at night

i know i over simplified. but yea. retailers can cut out alot of dead weight of paper pushing people in offices

[NavI_027]

Early this evening I was at a friend's housewarming party and I overheard a couple of his other friends talking about cryptocurrency. Since I do not know any of them, I decided to lurk behind and listen. One of them explains what cryptocurrency is and how it works until the whole conversation turned to the industries that will benefit from it the most. The group suddenly went quiet.

It is hard to believe that they don't even have a single clue on what you asked unless they just only knew few things about crypto but not a total crypto enthusiast at all (Probably).

If more and more companies start accepting bitcoins and altcoins as payments, which sector do you think will benefit the most from it?

Of course the industry which will be risking to embrace blockchain technology. But stating a specific industry? It's very hard to tell. One thing is for sure, only the braver industry which are willing to risk against crypto's volatility will have the chance of succeeding.
Anyway, my guess is anything related to food industry such as convenient stores, restaurants and fast food chains.

[marjon]

Telecommunications companies i think, Imagine almost all people have their own mobile and gadgets used daily, either in a way of communicating, surfing gaming, streaming & etc. all of these activities consumes data. What if one telcos company adopt a blockchain Technology and tokenize its platform??

[harry_crypto]

Any industry can benefit from crypto because blockchain technology is so broad in application and function. We're already seeing this happen with a lot of more traditional fields like natural resources and supply because of the high efficiency of those fields. A flexible platform like EVT can be so incredibly beneficial to currently existing industries because they have so many idiosyncrasies while needing to constantly improve their efficacy.

[kokobaba880]

It is good in the IT industry that there employees is also get benefit from it and due to online nature they can buy things over the Internet While for online shopping it is good to have those who are operating online shops it is useful for them and crypto currencies are beneficial for them.

[Vincemanam21]

The application of blockchain technology will benefit all kinds of industries in every countries and continents, all industries or goverment services make transactions everyday, and blockchain is so applicable in it, mas secured data transfer, money ar any documents. Blockchain is the best and it is for every businesses

[Impulseboy]

retailing imagine the past
people paying money. that needed more people to count it at the cashier desk. needed then accountants to validate the balances. security guards to move it. CFO'(chief financial officers) to over see and supervise
bank tellers to take in the cash, bank managers. more security staff..

think of all the costs..
then bam
blockchain. now everything is calculated. checked, moved and secured.

now all a retailer needs is a retail store shelf filler that also unlocks the doors in the morning and close up at night

i know i over simplified. but yea. retailers can cut out alot of dead weight of paper pushing people in offices

I know your answer was about the retail industry, but do you think that banks could benefit from the blockchain technology as well? I wonder if the playing field will be even once they start running on blockchain too just like cryptocurrency?

[Impulseboy]

It is hard to believe that they don't even have a single clue on what you asked unless they just only knew few things about crypto but not a total crypto enthusiast at all (Probably).
Anyway, my guess is anything related to food industry such as convenient stores, restaurants and fast food chains.

Only one of them knows about cryptocurrency. The others didn't hear about it until that night. Frankly I think they are not sure they understand crypto at that time, hence the silence.
I was surprised you said the food industry. I was expecting more like the ones that pays big, like the ones I mentioned above.

Telecommunications companies i think, Imagine almost all people have their own mobile and gadgets used daily, either in a way of communicating, surfing gaming, streaming & etc. all of these activities consumes data. What if one telcos company adopt a blockchain Technology and tokenize its platform??

I guess this makes sense, but I wonder if the cost of the data will be more expensive once it starts running on blockchain?

[Malmoun]

Yes, I think if you dictate the availability, be sure that all sectors will try to race to arm the digital currency

[yugyug]

Cryptocurrencies are forms of electronic payment via online transaction so the most benefit of this industries are those who are engage in online transaction like online store, online gambling and online trading since cryptocurrencies are still not widely acceptable to other financial institutions its application for online banking is still limited.

[uwatere]

Following the bounty Signature and the bounty article, I think it is very profitable, because I already feel the great benefits of the bounty Signature and bounty articles, besides that, by taking part in these two bounties we do not need capital or free, unlike trading that must use sufficient capital big.

[EdenHazard]

Following the bounty Signature and the bounty article, I think it is very profitable, because I already feel the great benefits of the bounty Signature and bounty articles, besides that, by taking part in these two bounties we do not need capital or free, unlike trading that must use sufficient capital big.

Did you read OP's question?
Don't waste your time making answers that are not in the context of the discussion.

[btcluisdiki]

In my opinion, I think that the industry that will benefit most could be in the field of a payment system and the exchange sites where they surely gain substantial profit in every transactions being made. Most of the exchange sites were doing well in this industry and a lot more ICO's are doing the same thing since it is more profitable than any of the other project platforms.

[doge_shit666]

In my opinion, the industry that benefits most from electronic money is the telecom industry. Because of this, the very essence of crypto exists and grows in dependence on the telecommunication industry. At the same time, other industries using electronic money also depend on the telecom industry ... Thus, the telecommunications industry is closely linked to the development of the Crypto market.

[DesertOasis3]

I don't think that anyone can accurately answer that question right now. The next generation of crypto businesses are just getting started and they are more likely to be traditional companies that are integrating Blockchain technology into the way they do business and using crypto as a fast and secure medium of exchange. Keep a lookout for ShareRing as they are launching in November and likely to do well from crypto.

[Jamesdila1]

logistic and supply chain industries are getting huge benefit from blockchain technology. also agriculture industry. indian prime minister also said that they are going to use blockchain for agriculture.

[indobitcoin.tk]

the supermarket is obvious just because it will certainly be a lot who Transact performance crypto on that field. much more I think but this will also depend on whether the existing policy was ready to accept the risks with the crypto transaction that occurs. the Casino would probably be the biggest and most visible to feel the results. coupled with the growing advances in existing technologies, will provide a good influence in the cause of the communication and transportation as well as it will increasingly feel be facilitated and practical with the crypto.

[senyorito123]

The business industry who get more benefits in Cryptocurrency is the banks,because most of the investor's,traders and Bounty hunters when they cash out fiat they need to make a transaction into the bank before they get it,and there are projects if the investor's don't have BTC or ETH to invest they allowed to use fiat and they need to deposit it into the banks before they get their tokens.