CB Insights has released a research brief titled Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform. The report ranks different industries, and gives an example company in that niche that is leading the way utilizing blockchain technology. CB Insights placed the voting industry at number 5 and chose to feature Follow My Vote.
From CB Insights:
“Elections require authentication of voters’ identity, secure record keeping to track votes, and trusted tallies to determine the winner. In the future, blockchain tools could serve as a foundational infrastructure for casting, tracking, and counting votes — potentially eliminating the need for recounts by taking voter fraud and foul play off the table.
By capturing votes as transactions through blockchain, governments and voters would have a verifiable audit trail, ensuring no votes are changed or removed and no illegitimate votes are added. One blockchain voting startup, Follow My Vote, has released the alpha version of its stake-weighted end-to-end blockchain voting solution.”
About CB Insights:
CB Insights aggregates and analyzes large amounts of data using machine learning, algorithms and data visualization to help customers answer strategic questions using probability and data.
In order, the 30 big industries blockchain could transform according to CB Insights:
2. PAYMENTS AND MONEY TRANSFERS
4. EDUCATION AND ACADEMIA
6. CAR LEASING AND SALES
7. NETWORKING AND IOT
9. MUSIC/ENTERTAINMENT RIGHTS AND IP
10. RIDE SHARING
11. STOCK TRADING
12. REAL ESTATE
15. SUPPLY CHAIN MANAGEMENT
16. CLOUD STORAGE
17. ENERGY MANAGEMENT
18. SPORTS MANAGEMENT
19. GIFT CARDS AND LOYALTY PROGRAMS
20. GOVERNMENT AND PUBLIC RECORDS
21. GUN TRACKING
22. WILLS AND INHERITANCES
25. LAW ENFORCEMENT
26. HUMAN RESOURCES
27. BUSINESS AND CORPORATE GOVERNANCE
28. CREDIT HISTORIES
29. 3D PRINTING/MANUFACTURING
Check out the CB Insights research brief for examples of companies transforming their industry with blockchain technology.
About the Author: Will Long is the Co-Founder & Marketing Manager of Folow My Vote.