Home Technology 14 Tech Innovations That Could Revolutionize the Blockchain Industry

14 Tech Innovations That Could Revolutionize the Blockchain Industry

by Brandon Harville
, 14 Tech Innovations That Could Revolutionize the Blockchain Industry

Want to see what’s hot in the blockchain world? In this post, we’re covering 14 industries that stand to be completely transformed by blockchain technology.

1. 3D Printing

With the help of blockchain technology, tracking and transmitting the data used by 3D printers has just become easier. This technology aims to revolutionize 3D printing by creating distributed, P2P marketplaces designed for printing and 3D modeling.

Why it’s revolutionary

In order to scale a distributed 3D marketplace, there first needs to be a network capable of recording and sharing data across the network. The immutable nature of Blockchain’s distributed ledger makes this possible, while guaranteeing accuracy and real-time data delivery.

Benefits it’ll bring to the industry

The introduction of P2P 3D printing marketplaces gives everyone more access to this type of technology while giving the 3D printing industry a major boost.

Top innovators developing this technology

  • Politronica Srl: Currently working on a small-to-medium sized digital manufacturing project as part of the 3D-TOKENS initiative.
  • Flying-Tiger Copenhagen: Partnered with Politronica Srl to use this technology in their 600 shops around the world.
  • Genesis of Things: Currently building a global network using blockchain technology that allows users to find and contract 3D printers.

When will we see results?

Unknown, but we could start seeing more blockchain influence in the industry within the next 12 months.

2. Networking and the Internet of Things (IoT)

When powered by blockchain technology, IoT devices become part of a decentralized network that promotes data exchanges and better communication.

Why it’s revolutionary

The immutable nature of blockchain technology prioritizes security and accuracy, protecting users and IoT devices from data breaches by removing a single point of failure.

Benefits it’ll bring to the industry

IoT devices operating on the blockchain are able to monitor and manage bugs more effectively, share data, and update software in real-time. The distributed nature of blockchain tech eliminates the need for a centralized network to share and process data.

Top innovators developing this technology

  • IOTA: Creator of the Tangle platform, IOTA is designed to work specifically with IoT devices without the use of miners to move data exchanges.
  • Hdac: Hyundai Digital Asset Company is currently exploring ways to use blockchain to assist with security, ID verification, and the storage of data for IoT devices.
  • VeChain: VeChain is combining blockchain and IoT technology to enhance logistics by tracking shipments from start to finish.
  • Waltonchain: Combining blockchain technology with IoT devices so that data can be scanned and written directly on the blockchain.

When will we see results?

Expect to see blockchain become a bigger part of IoT tech within the next 5 to 10 years.

3. Agriculture

Blockchain technology has the potential to improve the agriculture industry in a number of ways, from enhancing crop quality to improving the supply chain.

Why it’s revolutionary

Blockchain increases consistency and accuracy in the industry by making it easier to manage warehouses, silos, and supply chain delivery using smart technology. It can be linked up with IoT tech and give farmers real-time data about crops and livestock.

Benefits it’ll bring to the industry

Blockchain allows farmers of all sizes, both big and small, easier access to important data. They can use this data to make informed decisions about harvesting and storing crops, ordering new equipment, and delivering goods.

Top innovators developing this technology

  • Ambrosus: Combining blockchain and IoT to improve supply chain operations.
  • AgriDigital: Researching ways to use blockchain to improve the grain industry.
  • Ripe: Developing a blockchain solution for improving visibility across food supply chains.
  • EthicHub and Lokaal: Both companies are creating their own blockchain platforms for cyptofunding and microloans in the farming industry.

When will we see results?

Some analysts expect to see a 7.6% increase in blockchain agritech by 2021.

4. Travel

Blockchain offers practical solutions that enhance accessibility and convenience within the travel industry.

Why it’s revolutionary

Smart contracts can be used to provide real-time records within travel and hospitality. Customers can access hotel and airline inventory in real-time and make purchasing decisions accordingly.

Benefits it’ll bring to the industry

Blockchain cuts out middlemen agencies, allowing customers to engage directly with airlines and hotels. This creates a democratized market where everyone has access to the same goods and services. What’s more, tokenization makes it easier for travel companies to implement loyalty programs.

Top innovators developing this technology

  • TUI Group: Exploring ways to create a more accessible travel market in the EU and abroad using blockchain technology.
  • Winding Tree: Building a decentralized ecosystem that promotes accessibility and security in travel and hospitality industries.

When will we see results?

At the moment, the industry has been slow to adopt blockchain technology. Only time will tell when we’ll see a truly decentralized travel community.

5. Business

Blockchain has the ability to improve collaboration in the business world, making it easier for companies to collaborate, as well as share information and resources.

Why it’s revolutionary

The introduction of blockchain means that information is decentralized and distributed across all businesses operating on that platform. This creates an added layer of neutrality and transparency, giving everyone equal access to the wealth they create.

Benefits it’ll bring to the industry

Everything from lending and how information is stored, to the ways businesses trade goods and services stands to be enhanced through blockchain technology. This, in turn, makes it easier for businesses to manage money and track expenses.

Top innovators developing this technology

  • Walmart: Walmart is using blockchain to track and authenticate products traveling around the world. At the moment, they’re just using it with pork products traveling from China to the US, but there could be plans to expand the technology into other areas of business.
  • Maersk and IBM: These two companies have partnered to create blockchain technology that tracks cross-border transactions more efficiently.
  • BHP Billiton: Introducing blockchain tech as a replacement for spreadsheets, making it easier to track in real time.

When will we see results?

At this point, it’s anybody’s guess. Businesses are adding blockchain technology here and there, but there haven’t been any major initiatives to integrate it into entire sectors.

6. Social Justice

Blockchain has always been viewed as technology that promotes changes and growth. For this reason, it’s only natural that it be used to empower citizens around the world. Here’s how.

Why it’s revolutionary

Blockchain and cryptocurrency can decentralize finance, giving people easier access to loans, money, and investing platforms without the need for third-party institutions. As such, this technology is especially transformative for the unbanked population around the world.

Benefits it’ll bring to the industry

Global blockchain adoption can help reduce inequality, giving more people access to a free and equal market. It also makes it easier for vulnerable communities to manage their money in a way that protects them from predatory lending and other services.

Top innovators developing this technology

  • Blockchain for Social Justice: Supporting various blockchain projects that can economically empower vulnerable groups.
  • Global Blockchain Business Council: Building commercial, civic, and educational alliances designed to enrich communities.
  • Cryptoslate’s E-coin Project: Exploring ways blockchain can promote energy conversation and finance food and clothing.
  • World Food Programme’s Building Blocks Project: Created a blockchain-based system for providing security and efficiency to refugee camps in Jordan.

When will we see results?

The spirit of blockchain has always been about empowering individuals. As such, we’re already seeing how it can be used to drive social justice.

7. Energy

Many of America’s energy grids are deteriorating and outdated. As such, the networks are vulnerable to natural disasters and climate change, but blockchain may have an answer to that.

Why it’s revolutionary

Blockchain makes it easy to decentralize energy. When combined with distributed generation initiatives like rooftop solar panels, it can be used to distribute power more efficiently with cheaper transaction costs.

Benefits it’ll bring to the industry

Introducing blockchain into the energy industry makes it easier to track complex transactions between users and retailers, monitor utilities, and create an open market for decentralized investing.

Top innovators developing this technology

  • LO3’s Brooklyn Microgrid Project: A project that allows customers to power their own homes using renewable energy, as well as sell their surplus using blockchain and cryptocurrency.
  • The Energy Web Foundation (EWF): Currently creating an open-sourced blockchain infrastructure designed to enhance the energy industry.
  • Innogy: Working on EWF’s platform, Innogy is using blockchain to authenticate and bill energy purchases at electric car charging ports.

When will we see results?

There’s currently a huge demand for renewable energy. As such, we could see blockchain gain traction in the industry within the next 5-10 years.

8. Real Estate

Blockchain aims to enhance the real estate market in a number of ways. Everything from buying and selling property, to verifying documents can be done more efficiently thanks to blockchain technology.

Why it’s revolutionary

Smart contracts and blockchain’s distributed ledger will make it easier for people to purchase property more securely. This removes the need of third-party companies providing escrow services, saving both parties from paying expensive processing fees.

Benefits it’ll bring to the industry

There are a number of benefits blockchain can bring to real estate. Along with safer transactions and easier access to records, it also makes it possible to tokenize property. This, in turn, creates a more accessible market that people from all backgrounds can invest in.

Top innovators developing this technology

  • Propy: Building smart platforms where brokers, buyers, sellers, and notaries can facilitate transactions using blockchain technology.
  • JetClosing: Exploring various ways to integrate blockchain into real estate with the aim of speeding up transaction.

When will we see results?

The real estate industry stands to gain a lot from using blockchain technology, and many professionals in the industry are already aware of that. For this reason, we could see major projects in development as soon as 2020.

9. Transportation

Powered by blockchain technology, the transportation industry stands to improve the way they manage their day-to-day operations. Here’s how.

Why it’s revolutionary

Combining blockchain and IoT devices makes it possible to monitor and manage the flow of traffic within municipalities. This information can be used for city planning, as well as reducing the time spent commuting and helping emergency services improve response times.

Benefits it’ll bring to the industry

There are a number of benefits blockchain brings to the transportation industry, such as:

  • Using IoT devices to monitor the status of items being distributed across a supply chain.
  • Recording and sharing data regarding maintenance, car accidents, emissions, and other driver-related information.
  • Creating a platform for tracking and paying traffic fines.

Overall, blockchain stands to reduce administration costs while ensuring all areas of the transportation industry run smoothly.

Top innovators developing this technology

  • IBM and Maersk: Using blockchain to track shipping containers from Africa to Europe.
  • Jeff Garzik, CEO of Bloq: Researching ways to use blockchain to improve supply chain transportation.
  • Sweetbridge: Working on a platform that uses blockchain technology to reduce administration costs and help the freight and trucking industry operate more efficiently.

When will we see results?

Anybody’s guess. It’ll end up taking as much as $500 billion to equip the transportation industry with blockchain tech, so don’t expect any overnight transformations.

10. Voting

Can blockchain be used to further democracy? A number of researchers in the tech industry believe so. Here’s how.

Why it’s revolutionary

Blockchain adds an extra level of security when it comes to voting. Its immutable ledger makes it nearly impossible to rig elections, as all votes are recorded and distributed for the public to see.

Benefits it’ll bring to the industry

Blockchain-powered voting has the potential to completely transform the way people cast their votes by decentralizing the entire voting process. By removing the need for a central agency to collect and tally votes, it reduces the chances of corruption while ensuring that everyone has equal representation in their elections.

Top innovators developing this technology

  • FollowMyVote: Currently working on a voting system that uses blockchain technology to ensure accuracy and transparency.
  • BitCongress: Similar to FollowMyVote, BitCongress is also working on a blockchain platform that ensures every vote is permanent and immutable.

When will we see results?

Hard to say, but there’s a greater need for transparency in elections than ever before. As such, it’s completely possible to see blockchain make its way into democracy and voting if corruption isn’t addressedAAA in a timely manner.

11. Retail

Blockchain stands to be a major player in the retail industry, offering better security and payment solutions for both brick-and-mortar and ecommerce stores.

Why it’s revolutionary

There are a number of reasons why stands to revolutionize retail. Some of those reasons include:

  • Enhancing the supply chain by making it easier to track deliverables.
  • Helping customers and business owners keep track of inventory.
  • Payment methods that protect vendors from chargebacks.

Benefits it’ll bring to the industry

One of the biggest benefits blockchain brings to retail is better reward programs. Modeled on the bounty campaigns used by ICOs, these programs could boost customer loyalty through tokenized reward campaigns. Blockchain also makes it easier to store and track data, making it easier for retailers to collect data at every step of the sales journey.

Top innovators developing this technology

  • WAVE: Israeli-based company using blockchain to create a paperless inventory system for retailers.

When will we see results?

We already are. Companies like Expedia and ecommerce platform developer, Shopify, are already offering Bitcoin payment options on their checkout pages.

12. Art

It might sound unnatural to have blockchain-driven art, but the industry stands to gain a lot from adopting blockchain technology from an administrative point of view. Here’s how.

Why it’s revolutionary

Blockchain places more power in the hands of artists and independent sellers by creating decentralized art marketplaces. These digital showrooms enable customers to purchase items directly from the artists, without going through costly middlemen.

Benefits it’ll bring to the industry

Along with creating a platform to collect and share digital art, blockchain can also give artists more autonomy when creating work. One of the biggest advantages this technology can bring to the industry comes in the form of funding. Artists can use cryptocurrency to raise donations and attract investors, similar to the way Patreon is used for content creators.

Top innovators developing this technology

  • Christie’s Auctions: The first major auction house to use blockchain technology to record sales.
  • Portion.io: Currently developing a blockchain-based auction house, backed by blockchain veteran, Jason Rosenstein.
  • CryptoPunks: Building a platform for narrative-challenging digital art which can be traded online through cryptocurrency.

When will we see results?

The results are already there. But we can expect to see more art embracing blockchain technology within the next couple of years.

13. Aviation

Blockchain and aviation might seem like an unlikely pair, but there’s a lot of value this technology can bring to the airline industry. Here’s how.

Why it’s revolutionary

Blockchain technology stands to increase safety and efficiency throughout the entire industry. Everything from parts to maintenance reports can be stored and tracked on the digital ledger, ensuring that every airplane and jet gets top-level service.

Benefits it’ll bring to the industry

There is a wide range of innovations blockchain will bring to the aviation industry, including:

  • Improving maintenance processes by tracking who’s worked on the plane and when.
  • Automatically grounding planes that haven’t met safety and maintenance requirements.
  • Microinvesting in airline companies through cryptocurrency.
  • Blockchain-driven rewards programs for commercial airlines customers.

Top innovators developing this technology

  • EventChainand BlockParty: Both companies are looking at ways to build blockchain platforms that make it easier for customers to purchase airline tickets.

When will we see results?

Expect to see blockchain technology gain more traction within the next 5-10 years.

14. Digital Advertising

The introduction of blockchain technology into the digital advertising industry has the potential to change the way digital marketers interact online. Here are some of its advantages.

Why it’s revolutionary

Blockchain technology aims to create a more transparent industry, protecting client from fraudulent companies looking to scam people out of their money. What’s more, blockchain also has the ability to connect clients directly with marketers, bypassing agencies completely.

Benefits it’ll bring to the industry

For starters, cutting out middlemen agencies means that clients can enjoy the same top-quality marketing services with more affordable rates. Furthermore, blockchain technology also stands to add an extra layer of authenticity to the industry by removing fake traffic generation tools that manipulate analytics data.

Top innovators developing this technology

  • Basic Attention Token (BAT): Uses cryptocurrency to actually purchase users’ attention as they navigate through online advertisements.
  • MetaX: Tracks market data, recording how people interact with advertisements and storing that information on the blockchain.

When will we see results?

Blockchain has been a part of the marketing industry since 2016 and is continuing to gain traction, especially with the surge of popularity surrounding BAT over the past year.

There you have it, our 14 top industries for blockchain technology! Be sure to keep an eye out on exciting news impacting these sectors by visiting and bookmarking CryptoTraderNews.com.

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