• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Cryptocurrency

Infographic: 16 Industries in the Throws of Blockchain Disruption

Contributor by Contributor
March 23, 2019
in Cryptocurrency
Share on FacebookShare on Twitter

Blockchain is making the rounds as a game-changing technology. Experts everywhere are praising it for its unique take on data storage, exchange and record keeping.

What makes it so special?

Blockchain is a digital ledger that stores information on clusters called “blocks.” These blocks are equally shared among all members of the blockchain, and changing one block alters all the remaining ones in the same way.

You don’t have to give any of your private information to gain access to the blockchain network. All you need is a digital key—an encrypted string that serves as an identity check.

No piece of information on this kind of platform can be erased, and all of it can be viewed by either its participants (private blockchain) or anyone who wishes to do so (public blockchain). As a result, foul play or cyber attacks on a blockchain become nearly impossible to pull off.

Blockchain technology can be utilized in a vast array of industries. The initial application of blockchain came in the form of Bitcoin—one of the first true cryptocurrencies. Bitcoin stirred up quite the storm in the financial world and was seen as an innovation that could “outdo” traditional currencies.

In reality, Bitcoin is simply blockchain technology applied to a specific purpose. Soon after it came out, it was discovered that it could be applied to much more than just cryptocurrency.

In which sectors is blockchain technology being implemented, and what are the effects of its introduction to these industries?

Bitfortune’s terrific infographic answers both of these questions.

This graph is a useful crash course on what blockchain technology can do, giving you all the stats you need to get a good idea of how it’s being implemented and what the effects are.

Also, beyond the raw numbers, it shows you a broader picture. It proves what a paradigm shift this technology truly is, and that it could improve almost every part of our infrastructure—a testament to the incredible power and flexibility of the blockchain.

 

Related Posts:

  • gte technology
    The GTE Technology: What Does It Mean And Why Are…
  • img_195899_shutterstock_2155638107_bg
    Blockchain.com Receives License To Offer Payment…
  • This Latest Crypto Hack Sees $100 Million Worth Of…
  • Hackers Continue To Wreak Havoc Amid Crypto Market Turmoil, Here's How Horizon Lost $100 Million Worth Of Crypto
    Hackers Continue To Wreak Havoc Amid Crypto Market…
  • ethereum 2
    What Is Ethereum 2.0?
  • unnamed (3)
    Women in DeFi Marks 3 Years of African Education Impact
  • Meta Enlist Africa and other Continents to Access NFT Collectibles on Instagram.
    Meta Enlist Africa and other Continents to Access…
  • worldcoin
    Kenya’s Police Raids WorldCoin's Warehouse And…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: bitcoinblockchainblockchain technologycryptocurrencyDisruptive Techinfographicpayment
Contributor

Contributor

Posts by contributors. You can send in a post to be reviewed and published to info@techbooky.com

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 3 May 11, 2025
    • Google’s Antitrust Showdown, AI vs. Search, and other Headlines May 11, 2025
    • Huawei Officially Launches HarmonyOS for PC May 10, 2025
    • Canada Nears Launch of Instant Payment Technology May 10, 2025
    • Threads Adds Dashboard for Post & Account Limits May 10, 2025
    • Many X Users are Experiencing Timeline Update Issues May 10, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Popular Tags

    africa (135) AI (497) android (367) app (717) Apple (577) artificial intelligence (419) business (482) china (132) cryptocurrency (210) ecommerce (122) enterprise (287) facebook (507) fintech (244) funding (121) gadget (558) gaming (201) google (710) government (469) instagram (173) internet (467) ios (291) iphone (246) meta (116) microsoft (369) mobile (352) new feature (384) nigeria (440) privacy (158) research (140) samsung (185) security (421) smartphone (277) social media (836) software (509) startup (419) streaming (174) telecom (242) tips (372) twitter (289) united states (216) users (158) videos (127) website (173) whatsapp (201) youtube (138)

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    About Us

    TechBooky

    TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

    Recent News

    Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 1

    Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 3

    May 11, 2025
    Google’s Antitrust Showdown, AI vs. Search, and other Headlines

    Google’s Antitrust Showdown, AI vs. Search, and other Headlines

    May 11, 2025
    Huawei Officially Launches HarmonyOS for PC

    Huawei Officially Launches HarmonyOS for PC

    May 10, 2025
    Canada Nears Launch of Instant Payment Technology

    Canada Nears Launch of Instant Payment Technology

    May 10, 2025
    Advertisement Coming to Threads from Next Year

    Threads Adds Dashboard for Post & Account Limits

    May 10, 2025
    Many X Users are Experiencing Timeline Update Issues

    Many X Users are Experiencing Timeline Update Issues

    May 10, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok