Many people are touting that blockchain is going to revolutionize the world. The technology that it brings to the masses is equivalent to that of the internet in the early 90s, as it allows people to send money to one another without the need of a third party. This kind of financial freedom is unprecedented in our lifetime and is set to transform many industries and businesses. Let’s take a look at the industries that can be dramatically changed by blockchain technology and how it can do that.
The one industry that everyone thinks of when it comes to blockchain technology is the banking industry. It was the sole purpose of revolutionizing the way money works that were behind the creation of the world’s first blockchain, Bitcoin, back in 2008. Even with modern online banking, sending money overseas or even to a friend using a different bank is time-consuming … Read more