What Kind of Industry will The Tsunami of The Blockchain be Rolled Out?
alt text
The distributed decentralization of the blockchain, the no-trust system, the non-tampering and the cryptographic security have a great impact on all the old thinking that imprisons our minds. On changing our lifestyle and traditional business model, it is like A catalyst, then in the process of rapid development of this society, what industries are in urgent need of blockchain technology to change?

First, blockchain + electronic evidence

On June 28, 2018, the Hangzhou Internet Court of China confirmed for the first time the legal validity of the blockchain electronic deposit certificate. This is also considered to be the legal effect of the first confirmation of the blockchain as legal evidence in the Chinese judicial field.
In this case, the plaintiff proved that the defendant published the relevant works copyrighted by the plaintiff on the website of the defendant, and through the third-party depository platform, the automatic crawling of the infringing webpage and the source code identification of the infringing page were carried out.The compressed contents of the two contents and the call log are calculated as hash values and uploaded to the factom blockchain and the bitcoin blockchain, and used as evidence for submission to the court.

Second, blockchain + food supply chain

alt text
According to the World Health Organization, more than 400,000 people worldwide die from contaminated food every year. About 10% of the world’s population suffers from food safety problems every year. In reality, due to the lack of effective food data storage and traceability, It is very difficult to accurately and timely detect and control the spread of foodborne diseases. Therefore, traceability of food sources has become an important part of monitoring food safety.
In the past year, Wal-Mart has frequently operated in the blockchain patent layout, with 21 blockchain patents ranking 34th in the global blockchain patent TOP100 list in 2018. Blockchain technology allows Wal-Mart retailers to track the digital information of individual pork products in minutes, and to learn more about farms, processing plants, batches, storage temperatures, and shipping details to determine whether the product is authentic、safe, and when it expires. If there is a food contamination incident on the farm or factory, the blockchain can let the retailer know which items need to be recalled and which items can be left on the shelves.

Third, blockchain + cross-border payment

With the continuous advancement of globalization, the economic exchanges between countries have become more and more close, and the market scale of cross-border payment has gradually become huge.According to relevant statistics, in the past year, in the C2C cross-border payment business, the bank lost 40% of the market share to non-bank institutions; in the C2B cross-border payment business, lost 30%; B2B cross-border payment business, 5% was lost.
It can be seen that there are many problems in the current cross-border payment business of banks. Cross-border payments using blockchain technology have effectively solved these problems. In June 2018, Ant Financial launched the world’s first e-wallet cross-border remittance service based on blockchain technology. The first remittance took only 3 seconds and was low-cost, safe and reliable.

Fourth, blockchain + copyright

In the development of this mobile Internet, there are more and more infringements, music plagiarism, original works are washed, photography works are stolen, etc., and traditional copyright protection is inefficient, high in fees, and difficult to defend rights. The author has always been in a weak position. The enthusiasm for creation has been hit hard.
It is precisely because of the pain points of these industries that blockchain + copyright came into being. Blockchain technology can play a very good role in the three links of copyright services such as authorization, authorization and rights protection.

I believe that in the future, the blockchain can be combined with more and more industries to make the world a better place!