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Which Industries Will Blockchain Disrupt Next?

While some mainstream financial institutions in the U.S. were initially reluctant to delve into the cryptocurrency market, they were much less reticent about exploring the possibilities inherent in blockchain technology. Blockchains allow for cryptocurrencies to function, but their functionality has applications beyond cryptocurrency. Even if digital currencies fade from interest, at this point, it is unlikely blockchain technology will face the same fate.


A blockchain is a system for recording information; as a technology, it is innovative because the information in a blockchain is stored in such a way that makes it difficult or impossible to change, hack, or cheat the system. Therefore, blockchain technology is of particular interest to companies that want to ensure the quality of their data.


  • Blockchains allow for cryptocurrencies to function, but their functionality has applications beyond cryptocurrency.

  • According to a report by Report Linker, the global blockchain market size is expected to grow from $1.06 billion in 2020 to $10.45 billion by 2025.

  • Banking and payments companies have already demonstrated major interest in blockchain technology.

  • Using the distributed ledger's unique verification ability, insurance companies could independently verify data within contracts to facilitate a smoother process at every stage of the game.

  • With blockchain