Now that I have taken a look at non-blockchain architected distributed ledgers (See Iota's in the tags) its useful to think again about their broad usage in industry. Where and why and impact? I saw this piece in the DSC on precisely that. Nicely done. Below the intro, at the link much more by industry, worth a read.
Blockchain and its Impact on Various Industries Posted by Sandra Lynn via DSC
Hope you all enjoying all the banking services available at your fingertips. Imagine living in the same world without banks and their functions. What would be the best alternative for banking and financial systems?
Many business giants around the world proved Trust-based financial systems results in the gaining active user base. Later it helps your business regarding sales and trade.
If you have ever exchanged with your books with a friend in return for of their books, you have bartered. In the old civilization, people are exchanged goods and services without cash, there are no money Transactions involved.
Eleven thousand years ago people used to trade with other people within their Community who they knew and trusted. But the rapid growth of population its turn to become tough to trust everyone.
Now we can use technology for national and international financial transactions. At the same time, we are facing problems with the hackers, who are using advanced techniques to steal the money and information about people. So because of this kind of issues people feeling insecure about their transactions. To get rid of such kind of fraudulent acts Bitcoin was introduced which is used to Encrypt the currency into the digital format and which is highly secured. But it failed to gain the public trust and confidence. Recently a software was developed for financial and informational storage transactions which are advanced and secure, especially the information in it can not be altered or hacked by anyone. It is nothing but the “Blockchain”. .... "
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