What industries actually NEED blockchain technology?

[everybet]

I'm eager to hear thoughts from the community regarding this- which industries actually benefit from blockchain technology? More importantly, why?

I can think of a few off the top of my head: Charitable organizations, voting, and the gambling industry.

Why? Well, with regards to charitable organizations, I would personally love to see where my dollar(s) go with respect to the donation. So far as good faith goes, I (we) truly don't know where our money goes after donating. How much of that is paid to employees, executives, company, and how much of it reaches its intended location? Here are some large-scale examples from charity fraud/scandals in 2016. There needs to be higher levels of transparency and trust within these organizations, and utilizing the blockchain could be enormously beneficial.

I do believe that this same logic applies to voting- although staff and employees should of course, be trained, there must be large amounts of clerical error, worldwide, when counting the votes. Additionally, how much of a traditional voting system is susceptible to fraud?

Lastly, an interesting and perhaps even controversial one could be the gambling industry. There are massive amounts of trust issues when it comes to gambling- the fairness of the outcomes, the trust required from the player, the accuracy of random number generation, the centralization, etc. I think that with the trustless nature of blockchain and smart contracts, a lot of this could be solved- creating a safer space for players.

Note, I haven't named any particular company because the nature of my inquiry is regarding the industries in which blockchain could actually be useful. If you find a company that is tackling these sorts of things, without taking the word blockchain and using it as a marketing initiative, I'd love to hear about it.

[Winterizing]

Gaming Industry also benefits from block chain technology since there a lot of valuable data needed within a game it's clearly safer and more secured. Gaming Industry in blockchain also benefits in every transactions made in the gaming ecosystem.

[Mabinat]

I think that we need the introduction of blockchain technology in all branches of our life and it cannot be said that some of them need less or more

[poodle63]

Gaming Industry also benefits from block chain technology since there a lot of valuable data needed within a game it's clearly safer and more secured. Gaming Industry in blockchain also benefits in every transactions made in the gaming ecosystem.

It's not so easy as you said consider about the fact that the blockchain system used the peer to peer distributed ledger system but only a dapps that can adopt it right now.
It's a bit difficult to imagine about what will be used by this game. Decentralized thing looks a bit difficult to be implemented on the game

[vallydelly]

In my own opinion blockchain is needed where transparency, accountability and ease of payment is required, because these are the areas blockchain outshines other technology

[TwSeventh]

Gaming Industry also benefits from block chain technology since there a lot of valuable data needed within a game it's clearly safer and more secured. Gaming Industry in blockchain also benefits in every transactions made in the gaming ecosystem.

It's not so easy as you said consider about the fact that the blockchain system used the peer to peer distributed ledger system but only a dapps that can adopt it right now.
It's a bit difficult to imagine about what will be used by this game. Decentralized thing looks a bit difficult to be implemented on the game

He was right and also he was wrong.
he was right about Gaming industry but he was wrong about its usability.
just like what you said, right now those gaming industries are using dapps to incentivize their players, sponsors and else. The blockchain is used as a form of payment for them to operate their game, and actually, it has been used as a kind of payment in some store too.
like Steam? Microsoft? and others.

[Matthewmorris4]

Gaming Industry also benefits from block chain technology since there a lot of valuable data needed within a game it's clearly safer and more secured. Gaming Industry in blockchain also benefits in every transactions made in the gaming ecosystem.

Although without blockchain, the previous gaming industry also remained successful, say games produced by EA, Ubisoft, Bandai that have not implemented the blockchain system. For the problem of my own security system, the blockchain is actually quite dangerous if installed in the gaming industry.

[arjuna BTC]

i think finance industries Need this blockchain technology
why ? because blockchain is about transparancy and the cheaper transactions fee also with blockchain tech, there will be no middle man in financial industries

[Meizu]

I'm eager to hear thoughts from the community regarding this- which industries actually benefit from blockchain technology? More importantly, why?

I can think of a few off the top of my head: Charitable organizations, voting, and the gambling industry.

Why? Well, with regards to charitable organizations, I would personally love to see where my dollar(s) go with respect to the donation. So far as good faith goes, I (we) truly don't know where our money goes after donating. How much of that is paid to employees, executives, company, and how much of it reaches its intended location? Here are some large-scale examples from charity fraud/scandals in 2016. There needs to be higher levels of transparency and trust within these organizations, and utilizing the blockchain could be enormously beneficial.

I do believe that this same logic applies to voting- although staff and employees should of course, be trained, there must be large amounts of clerical error, worldwide, when counting the votes. Additionally, how much of a traditional voting system is susceptible to fraud?

Lastly, an interesting and perhaps even controversial one could be the gambling industry. There are massive amounts of trust issues when it comes to gambling- the fairness of the outcomes, the trust required from the player, the accuracy of random number generation, the centralization, etc. I think that with the trustless nature of blockchain and smart contracts, a lot of this could be solved- creating a safer space for players.

Note, I haven't named any particular company because the nature of my inquiry is regarding the industries in which blockchain could actually be useful. If you find a company that is tackling these sorts of things, without taking the word blockchain and using it as a marketing initiative, I'd love to hear about it.

In my opinion, first of all it is necessary to introduce blockchain technology in the medical industry. I think this is the direction that will become more transparent and reliable with the introduction of blockchain.

[RareFortune]

For Telco industries really need blockchain and as we can see there are lot of projects that targeting this industry because they knew that there are lot of improvements that blockchain can offer on Telco's.

[debby070]

I'm eager to hear thoughts from the community regarding this- which industries actually benefit from blockchain technology? More importantly, why?

I can think of a few off the top of my head: Charitable organizations, voting, and the gambling industry.

Why? Well, with regards to charitable organizations, I would personally love to see where my dollar(s) go with respect to the donation. So far as good faith goes, I (we) truly don't know where our money goes after donating. How much of that is paid to employees, executives, company, and how much of it reaches its intended location? Here are some large-scale examples from charity fraud/scandals in 2016. There needs to be higher levels of transparency and trust within these organizations, and utilizing the blockchain could be enormously beneficial.

I do believe that this same logic applies to voting- although staff and employees should of course, be trained, there must be large amounts of clerical error, worldwide, when counting the votes. Additionally, how much of a traditional voting system is susceptible to fraud?

Lastly, an interesting and perhaps even controversial one could be the gambling industry. There are massive amounts of trust issues when it comes to gambling- the fairness of the outcomes, the trust required from the player, the accuracy of random number generation, the centralization, etc. I think that with the trustless nature of blockchain and smart contracts, a lot of this could be solved- creating a safer space for players.

Note, I haven't named any particular company because the nature of my inquiry is regarding the industries in which blockchain could actually be useful. If you find a company that is tackling these sorts of things, without taking the word blockchain and using it as a marketing initiative, I'd love to hear about it.

Voting system in the blockchain technology do really make a big difference in the current voting system of many countries. I guess it will be one of the greatest technology that will make the society and the world have a leader that is really chose by its people.

[Rexha]

Gaming Industry also benefits from block chain technology since there a lot of valuable data needed within a game it's clearly safer and more secured. Gaming Industry in blockchain also benefits in every transactions made in the gaming ecosystem.

It's not so easy as you said consider about the fact that the blockchain system used the peer to peer distributed ledger system but only a dapps that can adopt it right now.
It's a bit difficult to imagine about what will be used by this game. Decentralized thing looks a bit difficult to be implemented on the game

He was right and also he was wrong.
he was right about Gaming industry but he was wrong about its usability.
just like what you said, right now those gaming industries are using dapps to incentivize their players, sponsors and else. The blockchain is used as a form of payment for them to operate their game, and actually, it has been used as a kind of payment in some store too.
like Steam? Microsoft? and others.

As far as I know those blockchain projects which are connected with Gaming industry, let's say Mobilego for example, they are not only focused now on implementing crypto payments by all means but also we might be seeing deeper attempts to connect both blockchain and gaming such as tournaments being paid for with crypto as a ticket for professional players etc., such benefits as "mining" some alts in a background mode if you are having decent PC specs etc. I mean most likely they are starting to think deeper now than "another payment method" or something.

[tsaroz]

Mostly it's the economic industries and system that needs a blockchain technology. Audits and irregularities had always been a burden in economic sector. Blockchain and smart contracts would eliminate a lot of risk involved in assigning humans to carry out transactions. It would increase transparency in private as well as public sectors.

[limmousine]

A simple example is in our daily lives, from morning activities to buying breakfast, followed by riding in transportation to work or school, buying lunch and returning to transportation to go home. Imagine if all of these transactions were integrated by the blockchain network and we only scanned the wallet barcode to complete all the transactions. I think mass adoption must be prioritized to support blockchain can be used in the daily lives of people everywhere.

[senin]

I see that many people do not understand at all where and how blockchain technology can be applied in practice.

This technology is used primarily where it is necessary to safely store large databases of various information on-line so that people can freely use this information, and the content of this information can constantly change. For example, in my country, blockchain technology is used to securely store land cadastre data, that is, data on all land plots of a country and their owners. For a small fee, any person can get an extract about any land in the state, no longer need to contact the officials for this. Previously, this could not be done as it was impossible to ensure that such information was protected from hacking and changes.

For example, I can put a simple case of the practical use of blockchain tokens, because many argue that ICO and their tokens are useless. Now we have a lot of merchant ships carrying various cargoes across the seas and oceans. In many cases, they returned back empty. Thanks to the information about this that is protected from hacking, ship owners and cargo owners can find each other online and merchant ships can, returning back, take passing cargoes. That is, for the first time on a worldwide scale, on-line, it is possible to use information that will constantly change. Moreover, ship owners and cargo owners do not need to meet and conclude a contract for the transportation of cargo. This is ensured by smart contracts and tokens, with the help of which such payments are made. Such cases can be very much. Tokens can be used wherever you need to pay for goods or services with smart contacts or without them using the Internet, without face-to-face meetings and on a planet-wide scale.
I hope that this information will be useful to many.

[slaman29]

You struck it on the head with charity. But basically, all industries where TRUST is the issue, and where a system that lets people be more transparent and less able to cheat or abuse trust, is the system that is needed most.

Charity is number 1 there because there is a lack of trust in it. people don't know how money is spent. Or rather, they are told how but there's no way of verifying it 100%. Though actually this is also an issue with government spending.

[Robbie2334]

if it is to combine industrial technology with blockchain, the benefits may be in several factors such as transparency for finance because there are many cases of money fraud that occur in the industry

[labake]

Everyone is entitled to their opinion and absolutely I observed this is dedication center when it comes to crypto and blockchain industry entirely.  Let's come to think of it, banking industry needs blockchain technology than every other industry base on my philosophy, banking industry delaying transaction and low record keeping would be minimized if they could introduce blockchain technology in to their system

[otunayode]

Blockchain technology is needed in wide range of product and services. Essential, every sectors that uses data to function and needed reliable data for day to day operation and future expansion will need blockchain technology,

[Cat Coin]

In almost all areas where you can use the blockchain, it serves as a universal data warehouse, which is almost impossible to hack and change. In addition, access to this data can be obtained by any user who has the appropriate rights. Almost any industry can use blockchain technology, medicine, Finance, real estate, energy, investment.