10 Industries Where Blockchain May Cause Massive Disruption

These days, Blockchain, the underlying technology behind the popular crypto currency Bitcoin has topped the headlines due to its potential to disrupt and transform various industries. It can be used to reform industries that rely on accessibility of data as an efficient and moreover a reliable way for storage and data exchange. Blockchain is a globally distributed database that can run on various computing platforms where not just information, but anything of value can be stored like art, money, music, votes,scientific discoveries, etc. and they can be also moved and stored securely, regardless of location. This distributed ledger technology is beneficial as it works as a system of record that is shared among participants of different business networks, eliminating the need for disparate ledgers. Each member would have the access rights, where confidential data is shared on a need to know basis. Here are ten industries where blockchain is said to be revolutionize the way of working things. Source: http://www.testbytes.net/blog/blockchain-applications-infographic/