Blockchain: An Everyday Thing?

Blockchain technology has the potential to transform multiple industries beyond just cryptocurrency. Its transparent, secure, and immutable online ledger offers solutions across various sectors.

Imagine a world where contracts are embedded in digital code and stored in transparent, shared databases – protected from deletion, tampering, and revision. A world where patient information is communicated between healthcare providers to save lives, rather than jeopardize privacy. A place where individuals, organizations, machines, and algorithms can freely interact with one another with little friction.

In legal services, blockchain can power smart contracts, track intellectual property, and even act as a virtual notary. In supply chains, it provides transparency, helping businesses monitor shipments and manufacturing progress. For governments, blockchain can securely store personal identity and citizenship information, while ensuring secure biometric authentication.

In healthcare, blockchain improves patient care by making medical records more accessible and transparent across providers. It also enhances insurance by enabling smart devices to communicate directly with insurers, reducing premium costs. In travel, blockchain consolidates personal identification, payment methods, and loyalty programs for travelers. The food industry benefits from blockchain’s ability to track the origin, processing, and safety of products, while retail uses it for payment processing and supply chain management.

These are the immense possibilities and potential to upend the way we manage data and information across verticals, on a global scale. http://bit.ly/2Jl8BNh

Published On: June 14, 2018|Categories: Resource Center|Tags: investing|

This material is provided for informational purposes only. The information contained herein should not be construed as the provision of personalized investment advice. Information contained herein is subject to change without notice and should not be considered as a solicitation to buy or sell any security. Past performance is no guarantee of future results. Investing in the stock market involves the risk of loss, including loss of principal invested, and may not be suitable for all investors. This material contains certain forward-looking statements which indicate future possibilities. Actual results may differ materially from the expectations portrayed in such forward-looking statements. As such, there is no guarantee that any views and opinions expressed in this material will come to pass. Additionally, this material contains information derived from third party sources. Although we believe these sources to be reliable, we make no representations as to the accuracy of any information prepared by any unaffiliated third party incorporated herein, and take no responsibility therefore. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change without prior notice. For additional information about CTS Financial Planning, Inc. and the material posted on this website, please review our Important Disclosures.