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How Will Blockchain Change the Economy

Blockchain technology has emerged as a real game-changer. Across all continents, Asia is likely to see the highest economic benefits of blockchain technology. In terms of particular countries, blockchain technology could have the maximum inherent net profit in China ($ 440 billion) and the United States ($ 407 billion). Five other countries (Germany, Japan, UK, India, and France) are also expected to have net profits above $ 50 billion. At the sectoral level, the leading beneficiaries appear to be the public administration, education and health sectors. These sectors are looking forward to benefiting a sum of around $ 574 billion by 2030.<br>

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How Will Blockchain Change the Economy

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  1. 1 Copyright © Blockchain Council www.blockchain-council.org

  2. How Blockchain is The Future Of Technology Blockchain has proven to be a game-changer. Asia is expected to benefit the most from blockchain technology in all continents. In terms of specific nations, China ($ 440 billion) and the United States ($ 407 billion) may have the highest inherent net profits from blockchain technology. Net profits are forecast to surpass $50 billion in five other countries (Germany, Japan, the United Kingdom, India, and France). The public administration, education, and health sectors tend to be the primary beneficiaries on a sectoral basis. By 2030, these industries are expected to reap a total of $ 574 billion in benefits. 2 Copyright © Blockchain Council www.blockchain-council.org

  3. Meanwhile, using a blockchain network to engage customers and satisfy the need for origin and traceability would offer tremendous benefits to business services, communications, and wholesalers, retailers, suppliers, and construction services. A Certified Blockchain Expert with a wide understanding of Blockchain technology will develop Blockchain-based applications for a variety of companies. Anyone with technical experience will benefit from Blockchain training nowadays. The training course is ideal for those interested in pursuing a career in blockchain. 3 Copyright © Blockchain Council www.blockchain-council.org

  4. Blockchain 4.0 currently provides approaches and solutions for industries that make it usable to business needs, with businesses lining up to embrace blockchain technology and make it the centrepiece to their technology solutions. Integrating performance systems and enterprise resource planning is at the core of Industry 4.0. By offering an ever-increasing level of privacy and security support, blockchain contributes to the digital industrial revolution. Data collection, asset management, supply chain management, healthcare, and financial transactions are only a few of the fields where it has proven to be extremely beneficial. It means that Blockchain 4.0 is a transformation of Blockchain 3.0 for use in real-world business situations. Blockchain technology has gained considerable traction in the industry during its evolution from 1.0 to 4.0, in one way or another. 4 Copyright © Blockchain Council www.blockchain-council.org

  5. The technology has continued to gain popularity around the world, though not in the same way in every country. The lack of uniformity in Blockchain technology acquisition is similar to the lack of uniformity in business use cases across the world. While some companies have incorporated Blockchain technology into their business model at an early stage, others are still figuring out what role technology plays in their domain and what types of funding they can get. Take a look at some of the sectors that have benefited from Blockchain technology. 5 Copyright © Blockchain Council www.blockchain-council.org

  6. Blockchain Transformed Industries: The most important area to pay attention to when it comes to blockchain technology and economic growth is banking and finance. Technology has also opened up new opportunities for real estate investors. Blockchain technology has proved to be more than a flimsy marketing ploy in the healthcare industry. It enables better data sharing among healthcare organisations, resulting in better treatment outcomes. ● ● ● The education sector has grown from conventional classrooms to real-time mobile devices, bringing it to the next level. ● 6 Copyright © Blockchain Council www.blockchain-council.org

  7. By reducing third-party intermediary collision, blockchain has bridged the gap between buyers and sellers. The peer-to-peer payment mechanism has been streamlined thanks to technology in the form of Blockchain wallets. The supply chain domination and logistics management scenarios are also improved by blockchain. Companies can use the technology to track every transaction and process in decentralised blocks, from manufacturing to sales, warehousing, and shipping. You therefore reduce the risk of delays, human errors, and the costs that come with them. ● ● 7 Copyright © Blockchain Council www.blockchain-council.org

  8. ● In the area of cryptography, blockchain is gaining traction as well. The industry is a textbook example of blockchain's effect on companies. It enables users to maintain their own exclusive and permanent identity records, which no one else can view or interpret without their permission. It also protects against DDoS attacks and gives private messages an extra layer of security. 8 Copyright © Blockchain Council www.blockchain-council.org

  9. Blockchain Council Certifications You can check out our certifications, and kick start your career in the Blockchain space today. ● ● ● ● ● Certified Blockchain Expert Certified Blockchain Developer Certified Smart Contract Developer Certified Solidity Developer Certified Ethereum Developer 9 Copyright © Blockchain Council www.blockchain-council.org

  10. THANK YOU! Any questions? You can mail us at hello@blockchain-council.org 10 Copyright © Blockchain Council www.blockchain-council.org

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