6 Industries Are Using Blockchain to Gain a Competitive Advantage

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6 Industries Are Using Blockchain to Gain a
Competitive Advantage
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• While people debate the benefits pitfalls of
  cryptocurrency.
• The blockchain technology that underlies these
  currencies is taking the main stage.
• That's understandable, as blockchain is a
  must-have in and of itself for creating
  competitive advantage.

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Several Industries are Realizing its Potential
Implementation of This Technology

1. Fund Administration.
2. Information Services.
3. Real estate.
4. Banking.
5. Escrow.

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Fund Administration

• Fund administrator is an outsourced third party
  service provider that protects the interests of
  investors by independently verifying the assets
  and valuation of the fund.
• By outsourcing the fund administration
  function, fund managers are allowed the freedom
  to focus on portfolio management internally.

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Information Services

• The Internet is a necessity we heavily rely on
  these days. Shopping, travel plans, banking,
  business, and much more is preferred through the
  internet.
• All the top organization around the globe have
  an online presence.
• With the help of blockchain, the problem of
  load speeds can be reduced to a point of
  extinction.

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Real estate

• Real estate dealings involve many individuals
  including buyers, sellers, agents, and brokers.
• The process of acquiring properties, contracts,
  agreements, title, and escrow is slow and
  tedious.
• Blockchain can reduce that risk and increase
  trust in a number of ways.
• Home purchases, most people rely on title
  companies to verify real estate transactions and
  ownership.

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Banking

• Banks can benefit the most from blockchain.
  From the banking perspective, other banks,
  accounts, insurances, and exchanges can be
  accessed via a single platform.
• Users will also have all their sensitive
  transactions ran through a secure decentralized
  system which is more user-friendly.

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Escrow

• Blockchain can entirely eliminate slow escrow
  transactions.
• Escrow is a slow process with intermediaries
  involved and things take time to happen because
  of the third party involved.
• Blockchain can also make escrow a thing of the
  past, not just for real estate, but for all
  industries that work with any kind of escrow
  middleman.

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