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title: Meet the Top Five Industries Unlocking New Values From Blockchain

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# Meet the Top Five Industries Unlocking New Values From Blockchain

The blockchain is radically transforming the industries, enhancing customer experience, and revolutionizing the trust across businesses. Bitcoin and other virtual currencies popularity already are proving blockchain's usefulness in finance and banking industries, but this distributed ledger technology doesn't stop itself here. Let's distill the most truly effective five industries Blockchain can make a foray in.
![](https://i.imgur.com/WNZRQfz.jpg)

Banking, Finance, and Insurance
Blockchain is injecting enhanced security and information sharing in the banking industry which always requires a roof of a digitized & secured environment such that it can serve as critical storehouses and transfer hubs of value. Blockchain is actually justifying its promising role in the financial services economy in varying ways. Many banks have embarked upon this new technology including Swiss bank UBS and UK-based Barclays.
Retail And Consumer Goods
Blockchain products in retail and e-commerce industries are acting as a reluctant for obstacles and as a catalyst for increasing visibility of consumer products. Using a distributed and trusted database, blockchain solutions are reducing the barriers that impede business like time-consuming settlement processes and ensuring greater transparency by way of a shared, immutable ledger that allows businesses to set up a concrete trust across areas like invoicing and payments, supply chain, and global shipping.
Healthcare
This disrupting technology is increasing the security, privacy and, interoperability of health data by keeping patient-centered ecosystem in focus. This technology will probably the edges to provide a brand new model for health information exchanges (HIE) by making EMRs electronic medical records more effective, disintermediated, and secured.
Government services
The manifold robust functionalities of **[Fiverr Blockchain Developer](https://medium.com/@Upster1UP/fiverr-blockchain-developer-steals-13k-usd-from-upster-project-1ab08b432077)** have captured the eyeballs of government throughout the world. The potential use cases when the us government is predicting the utilization of this hyperledger technology are healthcare, tax and Internal Revenue Monitoring, National Identity Management Systems, Secure Banking Services and electronic voting system.
Supply Chain Management
In SCM industry, transactions could be documented into a permanent decentralized record and could be monitored in an even more secured fashion while maintaining end-to-end transparency, hence helping in reducing time delays and human errors. It can also be utilized in verifying the authenticity and trade status of products by tracking them from their dispatch points.
Other than this, hyperledger technology has been consumed by networking industry, peer-to-peer ridesharing apps, cloud storage, entertainment industry, messaging app, real-estate, critical infrastructure security, crowd funding and many more. But the five sectors we've discussed above top the chart though.

Believing that, the decentralized crypto-currency can solve the world's worst problems, every industry should welcome blockchain technology to their businesses and start making transformations and future advancements. Hire a dependable blockchain app development company and start creating greater value for the organization.
