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Impact of Blockchain on Industries

PixelCrayons is one of the leading blockchain development companies focused on building innovative products using blockchain and smart contracts. BlockChains are an open, ledger that can record transactions between two parties efficiently and provide a secure way of making and recording transactions, agreements and contracts or anything that needs to be recorded and verified as having taken place. They help in various industries like banking,charity,health, govt. crypto industries etc.<br><br>Feel free to ask any queries @ bit.ly/2Ezb3uk<br><br>Our Social Media Profile<br>https://www.facebook.com/PixelCrayons<br>https://twitter.com/pixelcrayons<br>https://www.linkedin.com/company/pixelcrayons<br>

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Impact of Blockchain on Industries

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  1. Impact of Blockchain on various industries

  2. Have a quick look various industries • Banking industry • Politics • The Healthcare Industry • Government Crypto • Digital Identity Management • Charity

  3. Banking Industry • Blockchain technology is efficient enough to handle the issues faced by the banking industry too. • The decentralization system, provided by the Blockchain will help to transfer money cheaply and swiftly.

  4. Politics • The votes were usually misplaced and hacked by the opponents and the other reasons. • With the help of Blockchain technology, there has come transparency in the counting and managing of the voting process.

  5. Healthcare • Healthcare is considered to be the foundation of the national economy. • According to Invest Blockchain Statista In America, it contributes to a fifth of the national economy, which amounts to roughly $3.8 trillion. • Blockchain technology can regain the trust of the patients and doctors by safely storing and transferring data.

  6. Government Crypto • It can be possible that the government will adopt the cryptocurrency in the future • According to the Blockchain EXPO,Statista the Zimbabwe dollar, after the economic issue of 50,000,000,000%, many Zimbabweans adopted bitcoin against their traditional currency. And this result in the rise of bitcoin. • It is in comparison to traditional currency, cryptocurrency is more secure and transparent.

  7. Digital identity Management • Digital storing of data has become the most popular and crucial these days as it the fastest way of storing data. • Various measures have been taken in this concern in order to avoid this issue. • Blockchain has provided a self-key as an identity network which allows users and the utility providers to connect in order to share personal data like bank accounts, residency, citizenship.

  8. Charity • There are various charitable organizations which didn't give an explanation of the money spent. • Blockchain technology is going to take a strict step to verify that the hard earned money by providing the feature of transparency. • platforms like Alice, Giveth, and Aidcoin that are desiring to make charity transactions more transparent.

  9. Conclusion Blockchain is the highly secure technology which is still serving to various sectors and will revolutionize the various sectors in the coming time. It is the most secure way of storing and managing data related to each organization.

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