What industries actually NEED blockchain technology?

[everybet]

Logistics.

I would love to see for one hamburger all the path of the meat, from the cow to the slaughterhouse, where was stored, processed, how long was it transported and where from, basically all the bath from it's start until getting onto my table. And same for all the ingredients.

It would be a world more fair about what their are selling to us.

I like this a lot. This is an excellent example, and I really want to see this sort of thing implemented for logistics. If I recall correctly, there's a clothing company or two already attempting this- I believe that this is a trend that will catch on, and one that will become in demand.

It will allow both government and consumer the power to keep companies accountable for their sustainability practices in business.

[Bonwin]

Any industry that deals with finances as well as useful and crucial data needs it most. This can spread through different forms of industries, inasmuch as finances and data are involved.

[supermine]

It can be implemented in the places where we want to store our information with high security and also for easy accessing.Even any governments sectors can have this technology to maintain any ledger or for recording the tax and transaction information and much more.

[Tylev]

The blockchain technology can be used in any industry where it is necessary to store and use large databases of various information online with a high degree of security. This is primarily trade, finance and absolutely any other types of human activity.
This technology is highly appreciated by all states, even those that restrict or prohibit the use of cryptocurrency. One of the leaders in implementing blockchain technology is China.

[PHI1618]

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.

Food industry.
Agriculture industry.
Fabrication production industry.
Paying system.
Mobile phone and internet industry.
All government agencies.

These sectors definitely need blockchain. There are billions of data that must be under constant recording. To achieve this, the blockchain must be.

[transformt]

in all industries, I think it is necessary to use blockchain technology in the future

[letyouearn]

I think any organisation in any sphere where large amounts of data are stored, transferred and analysed constantly definitely needs blockchain. It has much more possible applications than everybody is thinking now.

[smoolae]

Blockchains really ensure the validity and transparency, so the first thing that pops into my mind is elections. Maybe somehow using blockchain people and countries really could have honest elections without governments and people with high authority messing them up. Just a thought.

But there are many other areas that blockchain could help.

[kidflash]

In addition, there are other benefits of blockchain in the industry is recording transactions through the blockchain almost eliminates human errors and protects data from possible interference. Accuracy is guaranteed from your records, as the process will also leave traceable audit trails.

[bittick]

in all industries, I think it is necessary to use blockchain technology in the future

Not all industries is good with the decentralized system, sometimes the centralized ones will make it more efficient and safer and that's really depend on which category it's needed and we need to find the most suitable ones.
I'm talking about those field that really need the centralized system mainly to regulate so that no one could take an advantage of it.

[chokomenia]

Well for me I think blockchain is need for every industry as long as they can find a suitable use case to deploy blockchain technology, I don't think blockchain is industry specific

[vallydelly]

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.

That's a typical good example of blockchain implementation and this means that blockchain implementation is just about everything that relate to us which we make use of everyday. 

[cluit]

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.

Banking jumped on the chance to have blockchain technology so I assume banking is the first one. I mean bank of america already has record breaking blockchain patents already and Ripple has been working with banks to move their assets into digital with blockchain help for years now, they exists thanks to those contracts. So I think banking is a clear choice with how many banks have been interested in doing blockchain moves.

However insurance and real estate comes very close seconds. Insurance needs blockchain because whenever you get an insurance your record can be kept track at blockchain and you will have an account (basically wallet for crypto type thing) and there will be your insurance and mishaps all deciding on how much your insurance should be.

Real Estate as well to keep track of who owns where and which floor or which land etc etc. That way all over the world there could be just one blockchain that keeps track of who owns where in which country and just like wallet in crypto your "account" will show how much land or which lands you own.

[Taner]

Personally, I agree with Buterin, he considers that blockchain is often used where it isn't needed. He has some doubts about IBM blockchain and blockchain-based food trackers.

[masterkiller]

There may be many technologies that can utilize Blockchain technology in their companies, for example franchise systems, supermarkets and online markets. Or freight forwarding services between countries, because with blockchain technology, the payment process will feel faster and maybe someday the money will also change to digital form

[vova.andreyan.94]

It's hard to say, but trying to be everywhere, I think the only way to understand exactly where the blockchain will be more to come!

[ginobitcoiner]

I think this will be needed for all daily human financial transactions, such as buying food, ordering taxis, paying electricity bills and more. if all of these payments have been decentralized by blockchain technology, we only need 1 blockchain wallet on my smartphone

[nianastasia62]

I think that the industries that are associated with cryptocurrency are more suitable for blockchain technology than traditional business .

[sinkfish]

its quite alot. almost all of it. blockchain can be intergrated in banking, financing, retails, manufacturing, jurisdiction, government, etc.. the application is limitless.

[everybet]

Personally, I agree with Buterin, he considers that blockchain is often used where it isn't needed. He has some doubts about IBM blockchain and blockchain-based food trackers.

Fair- that's why I'm hesitant to agree with the idea of every industry needing blockchain technology utilization/implementation. That just doesn't make sense, as it's currently a really expensive method overall, with respect to the network and mining and whatnot. It seems as though companies took the buzzword potential and ran with it, using it as free marketing. It sure did work in the past year!