16 Blockchain Disruptions (Infographic)

Blockchain technology is claimed to be according to blockchain proponents to be one of the most impactfull discoveries in the recent history. It is promised to have a massive potential to change how we handle online transactions. Despite some skeptics, the majority of experts agree that blockchain has the potential to disrupt the banking and financial industry, and many other ones! To put it simply, blockchain enables decentralized transactions across a P2P network. There are applications where those propertied can be very useful, but there are many cases where blockchain migh not be the best solution even though it is hyped to be solution for very many application (remember to ask Do you need a blockchain? often).

This 16 Blockchain Disruptions (Infographic) by bitfortune.net tries to help you understand how the blockchain technology can and will improve 16 different industries, from music to government.

Infographic by bitfortune.net

10 Comments

  1. Tomi Engdahl says:

    Blockchain: Not just for cryptocurrency
    There’s a lot more to blockchain than Bitcoin.
    https://opensource.com/article/18/3/blockchain-not-just-cryptocurrency?sc_cid=7016000000127ECAAY

    Reply
  2. Tomi Engdahl says:

    Early uses of blockchain will barely be visible, says Hyperledger’s Brian Behlendorf
    https://techcrunch.com/2018/07/06/early-uses-of-blockchain-will-barely-be-visible/?utm_source=tcfbpage&sr_share=facebook

    The blockchain revolution is coming, but you might not see it. That’s the view of Brian Behlendorf, executive director of the Linux Foundation’s Hyperledger Project.

    much of the innovation that the introduction of blockchains are primed to happen behind this the scenes unbeknownst to most.

    “For a lot of consumers, you’re not going to realize when the bank or a web form at a government website or when you go to LinkedIn and start seeing green check marks against people’s claims that they attended this university — which are all behind-the-scenes that will likely involve blockchain,” Behlendorf told interviewer John Biggs.

    “This is a revolution in storage and networking and consumers.”

    the area of online identity is particularly ripe for change. Rather than relying on central systems such as Facebook or Twitter to hold information, blockchain solutions can potentially store information more securely and with more utility thanks to self-sovereign ID systems.

    we want to see companies building services on top of this

    Reply
  3. Tomi Engdahl says:

    Coinbase gets approval from U.S. regulators to start listing tokenized securities
    https://techcrunch.com/2018/07/16/coinbase-reportedly-gets-approval-from-u-s-regulators-to-start-listing-tokenized-securities/?utm_source=tcfbpage&sr_share=facebook

    Coinbase shared big news Monday that federal regulators are allowing the popular cryptocurrency exchange to proceed with plans to sell cryptocurrency tokens that are deemed securities.

    Last month, Coinbase acquired Keystone Capital, a California-based FINRA-registered broker-dealer that operates as an alternative trading system.

    Reply
  4. Tomi Engdahl says:

    Bitcoin mining uses so much electricity that 1 city could curtail facility’s power during heat waves
    http://action.news/newstempcb.php?article=/news/business/hut8-medicine-hat-bitcoin-mining-1.4834027

    Reply
  5. Tomi Engdahl says:

    Bitcoinin sähkönkulutus on ongelma, joka ratkeaa
    https://bittiraha.fi/content/bitcoinin-sähkönkulutus-ongelma-joka-ratkeaa-0

    Bitcoin kulutti viime vuonna noin 32 terawattituntia. Tämä on enemmän kuin yli 150 maan koko vuoden sähkönkulutus. Yhtä siirtoa kohden jaettuna sähkönkulutus vastaa noin 9 amerikkalaistalouden päivässä käyttämäänsä sähköä. Jos siirtojen energiakustannukset lasketaan tällä tavalla, ei ole vaikea nähdä, miksi Bitcoinin käyttämä energiamäärä tuntuu monien mielestä kohtuuttomalta.

    https://www.google.com/amp/s/www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-mining-energy-use-electricity-cryptocurrency-a8353981.html%3famp

    Reply
  6. Tomi Engdahl says:

    Blockchain: 11 ways to get smarter
    https://enterprisersproject.com/article/2019/1/blockchain-11-ways-get-smarter?sc_cid=7016000000127ECAAY

    Want to keep learning about blockchain? Experts share their favorite blockchain resources, from books to podcasts

    Reply
  7. Tomi Engdahl says:

    Josh Constine / TechCrunch:
    Audius, a SoundCloud alternative built on the blockchain, has launched its music streaming service with songs hosted on independent operators to avoid takedowns
    https://techcrunch.com/2019/09/24/audius-music/

    The secret sauce is that Audius isn’t just a web and mobile site, it’s an open-source protocol built on the blockchain, not that users need to be versed in cryptocurrency or do anything special to sign up. Audius doesn’t actually host the music, but decentralizes it across independently operated nodes, which it believes will protect it from lawsuits and record label pressure. It’s distributing its own crypto tokens to incentivize artists that join early, as well as the node operators, with the insinuation that these might rise in value if the service grows popular.

    Reply
  8. Tomi Engdahl says:

    Brian Armstrong / The Coinbase Blog:
    Crypto in 2010s: Bitcoin survived and became the best performing asset of the decade, exchanges captured most of the value, crypto became a regulated industry

    What happened in crypto over the last decade
    https://blog.coinbase.com/what-happened-in-crypto-over-the-last-decade-ee6a2552d630

    Reply

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