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Author Topic: Which industries will get disrupted by Decentralized Blockchain Technology?  (Read 377 times)
planet-crypto (OP)
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May 28, 2019, 04:30:51 PM
 #1

Which industries do you think will get disrupted by Decentralized Blockchain Technology the most? In terms of real world use case applications of Decentralized Blockchain Technology, which ones would you say will have the greatest positive impact in the world.
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May 28, 2019, 04:32:04 PM
Merited by OgNasty (1)
 #2

Which industries do you think will get disrupted by Decentralized Blockchain Technology the most? In terms of real world use case applications of Decentralized Blockchain Technology, which ones would you say will have the greatest positive impact in the world.

Banking
Government

Banks are for those who cannot be their own bank (bitcoin already solved this)
Government is for those who cannot govern themselves, laws are for the obedience of fools.

The next few things will be

Courts, Internet, Inventory, Supplies, Patents, Filesharing, Anticheats, AI, Databases... Etc trying to make a list for them here.
https://bitcointalk.org/index.php?topic=5141142.0
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May 28, 2019, 05:23:37 PM
 #3

Which industries do you think will get disrupted by Decentralized Blockchain Technology the most? In terms of real world use case applications of Decentralized Blockchain Technology, which ones would you say will have the greatest positive impact in the world.

Banking
Government

Banks are for those who cannot be their own bank (bitcoin already solved this)
Government is for those who cannot govern themselves, laws are for the obedience of fools.

The next few things will be

Courts, Internet, Inventory, Supplies, Patents, Filesharing, Anticheats, AI, Databases... Etc trying to make a list for them here.
https://bitcointalk.org/index.php?topic=5141142.0

Banking and other Financial Institution will be the biggest followed by Government. That is the reason every day mainstream Financial media is trying to create FUD in Crypto Universe and circulating Fake News. The amount of money these guys have invested to create a chaos is huge. Government on the other hand are trying their level best to BAN cryptocurrency or are trying to control them by issuing regulatory measures.

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May 28, 2019, 05:56:34 PM
 #4

Decentralized Blockchain Technology grows will to affect the storage industry. Decentralized Blockchain Technology threatens the right hosting platform. The growing Blockchain platform, with this platform in the future, we will have an infinite repository through the blockchain network created by the network of interconnected devices.

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May 28, 2019, 06:23:23 PM
 #5

Decentralized Blockchain Technology mostly affects the banking industry. We all know that crypto is a threat for banks because we are making our own banks here. We are experiencing the financial freedom that we chose it over them. It's decentralized and cryptocurrencies are also replacing fiat in some instances.
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May 28, 2019, 06:24:44 PM
 #6

Which industries do you think will get disrupted by Decentralized Blockchain Technology the most? In terms of real world use case applications of Decentralized Blockchain Technology, which ones would you say will have the greatest positive impact in the world.

There are too many to count, but off the top of my head the gambling industry will be revolutionized by blockchain technology, since authorities will be unable to interfere with many decentralized platforms. Also, the money remittance business will be disrupted, since low fees for money transfers across borders will be the norm.
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May 28, 2019, 06:33:13 PM
Merited by pooya87 (1)
 #7

Which industries do you think will get disrupted by Decentralized Blockchain Technology the most? In terms of real world use case applications of Decentralized Blockchain Technology, which ones would you say will have the greatest positive impact in the world.

Banking
Government

Banks are for those who cannot be their own bank (bitcoin already solved this)
Government is for those who cannot govern themselves, laws are for the obedience of fools.

The next few things will be

Courts, Internet, Inventory, Supplies, Patents, Filesharing, Anticheats, AI, Databases... Etc trying to make a list for them here.
https://bitcointalk.org/index.php?topic=5141142.0

Banking and other Financial Institution will be the biggest followed by Government. That is the reason every day mainstream Financial media is trying to create FUD in Crypto Universe and circulating Fake News. The amount of money these guys have invested to create a chaos is huge. Government on the other hand are trying their level best to BAN cryptocurrency or are trying to control them by issuing regulatory measures.

Government Regulation is not necessarily a bad thing though, in fact, in order for cryptocurrency space to come to fruition, in my opinion, Government regulation is required. What I mean by government regulation is the enforcement to prevent money laundering, tax evasion, and elimination of cryptocurrencies in the black market for various illegal activities. All these things can and should be regulated by the Government. Obviously a blanket bank on crypto's by the Government shows their own ignorance but not all Governments are of this position. Some governments have started to partner with particular Cryptocurrencies (see Cardano for example) for a better future for the public.

Banks would definately get hit but they will use crypto for their own benefit under the guise of Blockchain. Eventually, I also think that banks will have to admit defeat.

I am particularly interested in what industries within the business sector you think will get disrupted the most?.
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May 28, 2019, 07:00:52 PM
 #8

Most interesting application would be logistics and planning. Companies with a strict sense of compliance to due dates and deliveries employing the blockchain tech would get a somewhat fool-proof and system with little to no room for failure--that is if they configured it optimally to their operations. It will also increase security and efficiency of the system, together with the people working on it as anyone can see what everyone is doing in order to complete tasks.

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May 28, 2019, 07:08:07 PM
 #9

Which industries do you think will get disrupted by Decentralized Blockchain Technology the most? In terms of real world use case applications of Decentralized Blockchain Technology, which ones would you say will have the greatest positive impact in the world.

Why do you even think that blockchein technology is capable of destroying something, especially entire sectors of the country's economy? I do not think it is at all possible. The blockchein technology can greatly simplify the work of many sectors of the economy of each state, but cannot destroy them. For example, it can significantly simplify the maintenance of statistics, but it will continue to exist.
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May 28, 2019, 07:15:04 PM
 #10

It's actually affecting a lot of financial industries which involves money transactions. However, crypto is changing these sectors positively and it isn't destroying any financial institution and industry. It's just building up a name and providing better services as a mode of payment and as an investment.

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May 28, 2019, 07:19:30 PM
 #11

It's actually affecting a lot of financial industries which involves money transactions. However, crypto is changing these sectors positively and it isn't destroying any financial institution and industry. It's just building up a name and providing better services as a mode of payment and as an investment.

Finance is the most were blockchain focuses but with rise of platforms like EOS and TRON, we are now disrupting the gambling industry where the dapps will soon be the preferred casinos of the gamblers. These dapps aren't just offering fair games but dividends for the token holders as the house distributes profit to token investors.

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May 29, 2019, 02:31:00 AM
 #12

Which industries do you think will get disrupted by Decentralized Blockchain Technology the most? In terms of real world use case applications of Decentralized Blockchain Technology, which ones would you say will have the greatest positive impact in the world.

Any data intensive sector can be disrupted by blockchain. It doesn't only include Banking. Banking is the one sector that can be revamped by blockchain, but there are other data intensive secrors like, government records especially land and finance can get an overhaul by blockchain.

There are sectors like supply chain which has a huge potential of using blockchain to get the best out of it. You can read the below article to get more insight,

https://medium.com/bitfwd/top-5-most-compelling-use-cases-for-blockchain-technology-d198e500e3d3

Even though this article doesn't cover everything, but still a good read!

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May 29, 2019, 02:53:56 AM
 #13

Blockchain technology with a decentralized concept will disrupt and threaten the existence of the banking world.  when the public are interested in the crypto world, the bank will not print fiat. 
fiat will not survive for a long time.  the digital world will affect the bank.  so they have to change the concept of their financial system with blockchain.

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May 29, 2019, 02:54:11 AM
 #14

Which industries do you think will get disrupted by Decentralized Blockchain Technology the most? In terms of real world use case applications of Decentralized Blockchain Technology, which ones would you say will have the greatest positive impact in the world.

The blockchain technology can potentially affect (for good, most likely) many industries. Now, finance and banking is what I have in mind that can benefit first and foremost with this innovation. Including in this industry is the remittance business which is huge and involves millions of people or users globally. Our definition, view and use of money is changing thanks to bitcoin and cryptocurrency. I am also looking forward how the blockchain can help the food and healthcare industries as these two are very critical for our own survival as species here in this withering planet.
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May 29, 2019, 05:43:54 AM
 #15

People seem to think that financial industries will be disrupted by Bitcoin and it is not entirely true, because these industries are already working on their own "Blockchain" based technologies to prevent that from happening.

They will not sit on their hands and wait for Crypto currencies to disrupt them, they just hire some Crypto currency developer and pay them a lot of money to develop their own Alt coin. <We saw this with a guy like Mike Hearn, who left Bitcoin to go and work for the R3 Banking consortium>  Angry

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May 29, 2019, 06:03:59 AM
 #16

only corrupted systems will be disrupted by the decentralization that was introduced to the world by bitcoin and its technology, otherwise others will only adapt and survive by changing their infrastructure to match the new world and the new demands.
for example the banking system and the government that was corrupt will be disrupted because they can no longer continue their corruption the more bitcoin advances but those banking systems and governments that aren't corrupted (of course there is no 0 corruption but having less corruption) will change their systems and continue as before even stronger.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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May 29, 2019, 08:18:33 AM
 #17

Which industries do you think will get disrupted by Decentralised Blockchain Technology the most? In terms of real world use case applications of Decentralised Blockchain Technology, which ones would you say will have the greatest positive impact in the world.
There is lots of Industry will get benefit from Decentralised Blockchain Technology
1) Remittance or Cross border payment : Current cross border payment system having lots of Procedure and Higher Fees and more time consuming ( person who already tried to send Money to other countries would have experience the pain) . Its already solving even more solutions are coming.
2) Government Sectors and Notary : Recent Smart contract platform allowing to create fool free or Not duplicable contracts . Like Certificates , land documents even more . Recently indian government started to give birth certificate using blockchain technology so that it will never modified.
3) Telecom Sectors : There should be a data stored and keep it safe so that it cannot be modified or it should not have any human intervention  its main Challenges facing by telecom domain . Blockchain solution can solve this by using decentralised database.
4)Storage and Data Sensitive industry : As there is lots of Social medias are using our Data's all of the data's could be protected by blockchain technology  Even highly sensitive data protected by blockchain technology .
4) Financial Industry : There is lots of Financial solution already there in Blockchain including payment gateway to Insurance . Again there is lots of independent currencies exist for each solution. Need of individual currency for each platform highly debatable .
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May 29, 2019, 01:13:31 PM
 #18

Which industries do you think will get disrupted by Decentralized Blockchain Technology the most? In terms of real world use case applications of Decentralized Blockchain Technology, which ones would you say will have the greatest positive impact in the world.
It can be used in many sectors including government and private to protect copyrights and have a record that cannot be manipulated, it is just the beginning and it might take a long time to get implemented in every sector but it can help in reducing corruption and can bring transparency to any government and private organisation. But the biggest question will be, will the government integrate blockchain technology and be transparent  Grin.
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May 29, 2019, 02:18:50 PM
 #19

Which industries do you think will get disrupted by Decentralized Blockchain Technology the most? In terms of real world use case applications of Decentralized Blockchain Technology, which ones would you say will have the greatest positive impact in the world.

For me, money transfer organizations and companies will be affected by the blockchain. Because current money transfer systems cost a lot of fee, cumbersome procedures. The application of blockhain and crypto technology will help transfer money faster and simpler, but the downside of blockchain is that the transaction speed is still not high.
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May 29, 2019, 02:48:25 PM
 #20

None. All these industries, institutions and corporations will continue existing. If at some point bitcoin becomes a real threat to their businesses, they will just regulate it or adopt it partially until it's not a threat anymore.
All kinds of businesses in the world tend to evolve from time to time: that is what bitcoin and blockchain are forcing them to do now, so they won't get disrupted.

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