What are the benefits of applying Blockchain within any industry?

[Nomad]

Agreed. But those who have stakes in centralized system, for instance Banks, Insurance companies, might never want to use blockchain because they are against decentralized system.

 

[Kubiat-Abasi]

Major benefit of using a blockchain in an industry is for decentralization and also you can automate it in that figures or codes cannot be manipulated or changed.

 

[ahmedo24]

Transparency and efficiency are more reasons why companies today are employing the use of blockchain technology to run their activities so as to limit frauds and errors.

 

[ganibade]

The benefits of applying blockchain within any industry is to make many industry to familiar with many cryocurrency that exists . It teaches people to trade with each currency and how to get much income.

 

[tyrim88]

Is blockchain only for cryptocurrency? Provide your suggestions.

The blockchain is not only for e-commerce transactions and confirmation of payment,it is used to store very important and vital data and documents.It can also be used for population data storage as well as for elections purpose.