20 Industries Blockchain Technology Will Disrupt

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1. Banking

Banking is likely to be among the first industries blockchain technology will disrupt. Many financial companies are already developing blockchain-based applications for money transfers and for security clearing and settlement. Blockchain could help banks save billions of dollars in various transaction costs and improve their relations with government regulators due to increased transparency and security.

These are 20 industries blockchain technology will disrupt most likely within the next 5-10 years. As you can see, the industries in question have to deal with many transactions, data and record keeping, so blockchain technology should fit in perfectly in their processes and improve them through increased transparency and lower costs.

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