Over the years, cryptocurrencies have seen an exponential growth and have clearly succeeded in impressing people. Cryptocurrency and Blockchain market are at a boom and no one has remained unaffected by them.
One reason of they are being famous is that cryptocurrency eco-system is completely decentralized and hence don’t need physical banks. The kind of support and applause cryptocurrency eco-system and Blockchain has managed to collect, it is evident that it can’t be limited to finance sector only and has extended its arms in various sectors and can be used in ample number of ways.
Amazing Uses For Cryptocurrency and Blockchain
Cryptocurrency and Blockchain eco-system is no more limited to the finance sector and can be used is many different sectors and ways. This article walks through some of the sectors where cryptocurrency and Blockchain can be used. Let’s start reading them one by one:
1. Wealth management
One of the most exciting fields where cryptocurrencies can be used is the wealth management sector. Many famous organizations like SwissBorg have created their in-house tokens for providing investment solutions. These tokens provide amazing opportunities to the investors.
2. Promoting Ethical Business Practices:
Blockchain proves to be a successful medium when ethics business practices come into picture. Since Blockchain technology keeps a track of every transaction it easily eliminates the probability of any frauds happening in between.
This results in batter transparency, and much faithful transaction between businesses.
3. Minimizing Corruptions in Charities:
Charity is nowhere detached to corruptions. With Blockchain and charitable organization hand in hand all such accounts can easily be tracked and eliminate many issues that occur with charitable trusts.
Since Bitcoin and other cryptocurrencies from the Blockchain eco-system are getting famous in the retail market, they can be used in several transactions and one such category is travel industry.
Travel transactions are just one category. One such travel website cheapair.com is known for accepting Bitcoin since year 2013.
5. Go Green:
If you love green and like to preserve the environment, you will be very pleased to know that Blockchain and cryptocurrency can also be used in making the world greener and save the environment.
One such example is Brooklyn Microgrid, which includes people with solar panels to sell their environmental credits. These credits can be sold to people without direct access with the help of a phone application.
This means less of environmental pollution and increased solar energy.
So, guys, these were some of the sectors where you can see a prominent involvement of cryptocurrency and Blockchain eco-system. Some other sectors that are inspired by it are education sector, Fund-raising, augmented reality and many others. Where integrating Blockchain in all of these sectors elevates the overall experience, it at the same time is very secure.