Best known initially for use with bitcoin cryptocurrency, blockchain is emerging as a technology with the potential to turn inside out a wide variety of industries. Just days ago, IBM recently announced a partnership with food providers to use blockchain as a means of tracking products and improving safety. What industries are next?
Venture capital research firm CB Insights recently picked 30 targets for blockchain employment.
“Blockchain is essentially a global public ledger capable of automatically recording and verifying a high volume of digital transactions, regardless of location,” CB Insights explains.
“Bitcoin’s popularity is proving blockchain’s usefulness in finance, but entrepreneurs have come to believe blockchain could transform many more industries.”
WRAL TechWire has reported about blockchain advances in three recent stories:
- IBM’s foodchain initiative
- A Duke professor discussess blockchain’s potential
- Fintech impact from blockchain
Here’s the top 30 on the CB Insights list:
1. BANKING
2. PAYMENTS AND MONEY TRANSFERS
3. CYBERSECURITY
4. EDUCATION AND ACADEMIA
5. VOTING
6. CAR LEASING AND SALES
7. NETWORKING AND IOT
8. FORECASTING
9. MUSIC/ENTERTAINMENT RIGHTS AND IP
10. RIDE SHARING
11. STOCK TRADING
12. REAL ESTATE
13. INSURANCE
14. HEALTHCARE
15. SUPPLY CHAIN MANAGEMENT
16. CLOUD STORAGE
17. ENERGY MANAGEMENT
18. SPORTS MANAGEMENT
19. GIFT CARDS AND LOYALTY PROGRAMS
20. GOVERNMENT AND PUBLIC RECORDS
21. GUN TRACKING
22. WILLS AND INHERITANCES
23. RETAIL
24. CHARITY
25. LAW ENFORCEMENT
26. HUMAN RESOURCES
27. BUSINESS AND CORPORATE GOVERNANCE
28. CREDIT HISTORIES
29. 3D PRINTING/MANUFACTURING
30. CROWDFUNDING
Read more from CB Insights at:
https://www.cbinsights.com/research/industries-disrupted-blockchain/?utm_source=CB+Insights+Newsletter&utm_campaign=d4f75c0bcf-MonNL_8_28_2017&utm_medium=email&utm_term=0_9dc0513989-d4f75c0bcf-86164601
