April 17, 2021

3 sectors that in the near future will switch to blockchain technology

3 sectors that in the near future will switch to blockchain technology

The ability of the blockchain to make entire networks practically invulnerable and unchanged can be realized in a variety of industries, not only in the financial. Let's look at a few industries that blockchain will transform in the next few years.

Healthcare

Medical information is most in needprivacy, security, and quick access. Blockchain can be used to check insurance policies, quickly transfer and confirm information.

It can be expected that further development of applicationslike mHealth will be centered around the blockchain. Biometric data is already sent directly from wearable devices to doctors, and prescriptions are written and verified using the blockchain, which allows patients to receive the necessary medicine without getting up from the couch. The possibilities in this sector are endless and promising, especially for patients who need remote assistance or around-the-clock assistance.

Gambling

The gaming business was the first to pick up the idea of ​​digitalcurrencies. Players for years exchanged in-game items and objects for real money. Using the blockchain, you can create channels that use smart contracts to check the exchange between players. Blockchain also provides the ability to create games, access to which is provided in exchange for cryptocurrency. Digital assets can also be won and used to increase playing time.

Music industry

One of the most recent music has entered the digital age, and physical copies are still widespread. Nevertheless, the industry is ready for the next digital revolution thanks to the blockchain.

Blockchain can make it easier for artists to make money. And this applies not only to performers, but also to composers, writers and all parties involved in the project.

Artists can also sell part of theirownership of any third party. We are waiting for a future in which artists can finance their projects at the expense of fans, confirm ownership through the blockchain and receive royalties through smart contracts.

Conclusion

We often hear about breakthrough technologies, butfew of them can compare with blockchain technology. There is no doubt that the technology will completely change the process of buying, selling and storing data in the future.

According to the materials www.finextra.com