9/15/2020
Another Top 5 Industries That Stand To Benefit Most From Blockchain | by venkat vajradhar | Sep, 2020 | Medium
Another Top 5 Industries That Stand To Bene t Most From Blockchain venkat vajradhar Sep 15 ¡ 2 min read
Government: Governmental systems are often slow, opaque, and corrupt. Implementing blockchainbased systems will significantly reduce bureaucracy and increase the security, efficiency, and transparency of government operations. For example, Dubai aims to keep all of its government documents on the blockchain by 2020.
Healthcare: Another industry that relies on many legacy systems and is ripe for disruption is health care. One of the challenges that hospitals face is the lack of a secure platform to store and share data, and they often get hacked due to outdated infrastructure. Blockchain technology allows hospitals to securely store data such as medical records and share them with authorized professionals or patients. It improves data security and also helps in the accuracy and speed of diagnosis.
Regulatory Compliance: In any industry, expensive affairs, taking time to follow the government’s standards and regulations. Certificates need to be checked and re-checked, policies need to be updated, and growing agencies need access to records. Regulatory compliance has already made inroads in several industries, with more coming on board as time goes on and results are proven: Banking Investment Credit Services https://medium.com/@pvvajradhar/another-top-5-industries-that-stand-to-benefit-most-from-blockchain-a5c7a4d4aaf0
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