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What is a Blockchain?
Stages of The Blockchain Evolution
Blockchain 1.0: Cryptocurrency
Blockchain 2.0: Smart Contracts
Blockchain 3.0: DApps
Blockchain 4.0: Industrial Applications
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5 Industries Leveraging Blockchain
Banking & Finance
Improves clearing and settlement procedures;
Opens up new options for trading;
Eliminates shortcomings in cross-border payments;
Enhance anti-money laundering;
Secure record sharing and storage;
Increase transparency of processes, etc.
Healthcare
Securing processes of medical history management and sharing;
Facilitating payment processing;
Simplifying the process of credential verification for physicians;
Improving consent management;
Finding people for medical trails;
Managing and accessing data for research purposes;
Improving drug supply chain, etc.
Insurance
Fraud prevention;
Risk prevention;
Policy creation and processing of claims;
Reinsurance, etc.
Retail & Ecommerce
Increasing transparency in the supply chain;
Securing businesses from cyber hacks;
Cryptocurrency payments;
Improving processes related to customer identity;
Attaining tax refunds from purchases, etc.
Media & Entertainment
Micropayments for content;
Royalty distribution;
C2C sales options;
Crypto-payments, etc.
Blockchain Evolution : What Is It Good For?
Efficiency
Data Security
Traceability
Transparency
No Fees
Credibility
Quality
So Where is the Blockchain Revolution ?
Conclusion
How does evolution differ from revolution in blockchain ?
What industries are most affected by the blockchain revolution ?
How can businesses leverage blockchain evolution today?
What challenges does blockchain face today?
What is the difference between public and private blockchains?
How do smart contracts fit into blockchain evolution and revolution?
How can businesses prepare for the blockchain revolution ?