Effect Of Blockchain Development Across Industries: A Peek Into The Future
Soon, we will turn the calendar in 2019, where the major stock indexes that have recently crashed in the market are expected to hit dozens of new all-time highs.
The research states that the global blockchain technology market is projected to grow 2.3 billion US dollars by 2021.
Following are the industries that have mastered the blockchain implementation and witnessed the advantages in galore:
The supply chain industry is loaded with the myriad of challenges where most of them are related to high cost, lack of transparency, the chances of fraud, the copy of the slew of documents that leads to mistakes and inaccuracy, and limited collaboration and connection.
As all the transactions made by the users such as how products are made, from where they are coming, and how they are managed is recorded, which are immutable in nature, this, in turn, improve the track-and-trace capabilities of the supply chain.