What I want the forum to discuss is this:
I believe that the application of Blockchain cut across many industries such as healthcare, logistics, insurance, governement, education and so and so forth.
Why is the application of Blockchain to finance has this popularity than application of Blockchain to other sectors?
What do you think?
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I believe when people try to apply blockchain to other industries, like those you mentioned, they are thinking in the wrong way.
The common approach is: "I have the solution, the blockchain. What do I have to do to fit the problem to my solution?".
While it is, in fact, the other way around: "I need a database with transparency, immutability, security, etc. What are the available solutions? Will blockchain do it?"
When thinking like this, most people will realize that they don't need blockchain at all at their industries.
I agree with this, an industry should not use a new technology just because its new, the new technology should offer solutions for them to use it. In the case of the blockchain tech, it offers solutions that is somehow can be use in finance. Cause it offers security, transparency, etc. Connected to why satoshi built this in the first place, to solve the problem of money being centralized.
And agree too that there are other industries who used the blockchain tech even though they are not in finance, and yup, I think its because they need what the blockchain technology offers too. Why would an industry use blockhain if they don't have any problem that can be solve by it in the first place anyway?