The financial industry is the first industry that benefits from block chain technology. As we all know, the block chain first makes digital currency transactions, such as Bitcoin, Lertcoin, Bitcoin Cash, and Etiquette and other encrypted currency.
Today, due to block chain technology, investors can transfer Bitcoin from one country to another in less than an hour. In addition to this, there is no need for such transactions. Since all transaction records are stored in a bitcoin classification account, anyone can read carefully without changing any content, therefore has transparency.
Second, the block chain has been used in the game industry. And various casinos have adapted to the use of Bitcoin and Bitcoin cash. In fact, some casinos use these as their only payment and withdrawal mechanism. In addition, game developers have begun to create games in bonus rounds as prizes, using block chain technology to manage coin function in the game.
Block chain technology has attracted the owner of the social media website. Their website is very suitable for business and personal use. Therefore, these websites can use block chain techniques to manage it contains a massive database containing user data. Private block chains not only simplify data management, but also enhance data security. Social network owners can improve the transaction completed through the network through the improvement of block chain technology. With the help of this technology, they can create a trading network, which can work without being attacked by hackers or fraudulents.
Finally, but not least is the transportation department, which is critical to multiple partners in the business. In order to improve logistics and data security, all participants in the transportation industry should use block chain technology. It is the only way to prevent trading being tampered. In addition, private block chains rather than public block chains can minimize the fraud and change contract terms of malicious partners.
In addition, block chain techniques provide a way to simplify data digitization. After the transportation data is released to the block chain, the user will no longer need the paperwork. Therefore, it can save time and can retrieve data when needed.