Top-10 Industries Being Transformed by Blockchain

Today, we are going to take a look at some of the industries and processes that are most dramatically undergoing a transformation in response to the advent of blockchain technology.

On June 25, Walmart China announced plans for the movement of food products throughout its supply chain using the "Walmart China Blockchain Traceability Platform," which was built on VeChain's Thor blockchain.

On June 27, U.S.-based snack food company Brimhall Foods announced a partnership with Surge Holdings to deliver Brim's products via a distributed ledger-based ordering system, with the company claiming that SurgePay's blockchain network will allow it to access tens of thousands of new retailers.

In May 2015, Australian entrepreneur Leanne Kemp founded Everledger - a digital registry for diamonds powered by the IBM Blockchain Platform.

TZero launched just weeks after SharesPost, a regulated alternative trading system and registered broker-dealer that facilitated the first-ever secondary trade of a security token in the form of Blockchain Capital's BCAP tokens.

During the San Francisco Blockchain Week 2019, it was announced that a security token offering had raised $18 million in venture capital to purchase a fragmented equity stake in a resort in the U.S. city of Aspen.

One year later, Bitfury began working alongside the National Agency of Public Registry in the Republic of Georgia in an initiative to use the Bitcoin blockchain to validate property-related government transactions.

There has been a recent proliferation in state institutions seeking to use blockchain to create digital land registries, with Propy Inc. launching a pilot project to record real estate conveyance documents in the Vermont city of the South Burlington and the Netherland's Land Registry indicating that a blockchain-based solution will be incorporated into the nation's registry by the end of 2021.

In another instance, Australia's New South Wales Land Registry Services engaged with blockchain technology provider ChromaWay to develop a DLT-based proof of concept for electronic property conveyancing.

Last year, a press release circulated by Agora, a Swiss startup comprising a distributed ledger-based voting platform, inspired reports claiming that Sierra Leone had become the first country to use a blockchain to conduct a national election on March 7, 2018.