Which are the industries that benefit the most with Blockchain technology?

The cryptocurrency market has experienced exponential growth throughout this year. In the case of Ethereum the purchase prices skyrocketed and went from having a value of USD $ 40 to reach the USD $ 320. For its part, Bitcoin has reached new limits within its own history, and there are at least 8 cryptocurrencies climbing positions.

While the value of cryptocurrencies and associated projects continues to grow, the technology behind these assets, Blockchain has begun to be implemented in the world of what is financial services, distribution chains, logistics, health, music and much more.

Blockchain technology represents a potential for what is the disjunction of any conceivable industry, in fact it is already being used by some federal entities, and some international as in the case of the United Nations, and at least eight states in the United States have started to consider including Blockchain among their legislations.

As more organizations begin to investigate more about cryptocurrencies and Blockchain, many more solutions related to this technology are also being created. The market is filling with applications that have a high margin and capacity to use. Many are being designed to facilitate the daily life of users who buy, store and sell cryptocurrencies.

Now, when dealing with other industries Blockchain technology is being created mostly applications that are used within financial services payment methods. However, there are many companies that are exploring what other uses they can give to technology such as IBM, Microsoft Goldman Sachs and Maersk.

Also, more than 80 businesses are already accepting Bitcoins as a payment method and the list continues to grow. Among the best known names are XBox, and the Windows Store, some travel platforms such as Expedia and online sellers such as Newegg. Other shopping platforms such as Etsy and Shopify are also starting to accept bitcoins, and Japan's Marui department store started allowing Bitcoin payments at one of its larger stores.

Decentralized technology also represents a leap forward in what is electronic security. Encrypted distribution service in Blockchain is the most advanced solution of what is storage and use of private data, which means that many health industries, identity protection information and publish are the next candidates to use the technology.

Companies like Civic are leveling their high security services by investing in Blockchain technology to leave users with control of all their personal information and letting them access other people only when they allow it.

Developing decentralized search platforms is placing everything that is the search for information in the hands of users. Everything is achieved by facilitating direct connections between consumers and business people, which makes third parties and intermediaries obsolete.

Allowing users to have control over their own information is a significant shift towards much simpler interaction with data for everyday life. Businesses can establish contact with their customers in more effective ways, and in the future we may arrive at an economy based on cryptocurrencies that we can all enjoy.