Other than being an encrypted database shared across multiple computers of a system, Block-chain is also a revolutionist to the financial industry. The Block-chain is currently one of the most exciting and hottest technologies that have recently hit the news. Regarding the anticipated benefits, it is no doubt that block chain is the future in the financial industry. That is because some sectors –not only the financial, are bound to have numerous benefits from the technology. Some of the industries benefiting from Block-chain technology include;
It is a fact that privacy and confidentiality is a major issue in our healthcare industry. That, through the Block-chain technology, will be a tradition to unheard of again. With the impenetrable security of the Block-chain, technology, very confidential and private information will only be accessible to authorized persons. Besides, insurance companies will be able to eliminate fraud in the healthcare industry.
Access to very private contracts or even evidence in a case could significantly compromise the court system leading to other malpractices such as corruption. Through the Block-chain technology, it is now possible to restrict access to evidence of active cases by unauthorized personnel.
National security is no matter to take lightly. With Block-chain technology, military infrastructure and computer systems are now immune to hacking. Unauthorized access to critical military information becomes a thing of the past, through the use of Block-chain technology. These are only a few ways in which Block-chain Revolution has managed to transform how organizations safeguard their data. Contact us for more information.