Blockchain! The first technology invented to solve trust issues. Blockchain may be the most hyped word in the tech world and if one needs to describe, it is a ledger which secures the list of records. These records are referred to as blocks which cannot be altered, the reason behind why it is believed to be an ideal way to transfer data in a safe and secure network. 

There’s no shortage as to how blockchain is going to disrupt companies over the years. 

The infographic presents a statistic which mentions-

• 65% think that blockchain technology holds a positive societal impact beyond businesses.
• Almost 44% of organizations have already adopted to blockchain technology.

We’ve all heard that blockchain technology is going to revolutionize the impact on businesses. Well, isn’t blockchain already doing that, maintaining databases like the spreadsheet, using state of the art cryptography so that once the data is stored it doesn’t get hacked unless one has the original passcode or key. This is the beauty that blockchain technology delivers, the reason why organizations are adapting to the blockchain. 

The revolution is such that it already has the potential to revolutionize almost many industries, but here are the top industries:

• Banking 

Most probably when a person hears the word “blockchain,” this may remind him of “Bitcoin,” however, this should not be a surprise which makes the banking sector the topmost industry disrupted by blockchain. The blockchain is the most secure way to store records, and a much more reliable source for money transfers through the decentralized that is provided by blockchain technology. 

• Real estate

Buying or selling a house is much more feasible through blockchain. Blockchain system makes is easier in simplifying the paperwork and hassles involved. 

• Healthcare 

The biggest challenge that sectors like these often face is of maintaining the health records of patients, assessing health records securely and easily. Blockchain technology solves all these challenges faced in the healthcare industry through the blockchain system that provides single and complete information storage irrespective of how many times the doctors or insurance systems changes.

• Legal 

The question of obstruction over the legality of wills and other legal documents is easily eliminated by secure storage and verification of these documents. 

• Video industry

In 2021, it is said that only video will form 82% of all the internet traffic which clearly states that blockchain may play a major role in decentralizing video infrastructure. 

• The government

Besides voting system, blockchain technology is also useful in eliminating corruption in government sectors.

• Startups

There are thousands of startups looking for investors and there is certainly no way they can get into the right investors without causing a security ruckus. 

Conclusive thought

Blockchain technology is considered as an emerging technology and professionals are now looking to upgrade their skill-set by taking up certifications that are credible from some of the topmost blockchain certification providers.