Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.
But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
Thats the thing with every business venture if I can put it that way. Like the industries you mentioned, we don't have only one operating in that sphere but we happen to chose the one we think gives us the most satisfaction of service so will be the crypto world. Yes, we will have more cryptos trying to do the same thing but i believe at the end of the day, you will invest on the one you think is most stable and different people have different opinions for investment.