how blockchain is going to change the World?

in #crypto4 years ago

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Impact on industries:
Blockchain is however already getting it's hands on certain industries but in the future it's gonna be a complete blockchain imposed on some sectors. Some of them are:
Sports, Stock market, human relationships, Thermal and other energies departments, Trading and others.

Other industries which can completely employ blockchain in coming future are :
Finance, internet of things, agriculture, insurace, health, real state etc.

Impact on Economy:
Blockchain's one of the main pilllar is transparency. The economy of the World will bring an obvious change due to the implication of blockchain because of the transparency and security. The Habe been a number of issues which are tolerated by the economy in the present. But with the blockchain they are gonna be solved

Impact on Nations:

If we talk about how World is taking blockchain, we find that many of the nations have already utilized blockchain in their industries in order to make their transactions more secure, to increase efficiency and reduce time and cost. As we know with the emulating blockchain technology, the systems becomes transparent and it becomes more secure. These main objective are carried out by many countries in the World including China, USA, Spain, Russia, India and Estonia being the pioneer of employing this technology.

Impact on business:

The way today's business runs, will be altred totally by the blockchain because the business models will be redesigned to welcome blockchain. Being decentralized technology, it automats the different aspects of a corporation which is not possible manually.

Impact on employment

Although with the advent of blockchain, many employees will be taken to maintain it, the blockchain will automate the systems and transactions which will lead to unemployment throughout the World.

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