{"id":4865,"date":"2022-06-20T12:07:30","date_gmt":"2022-06-20T12:07:30","guid":{"rendered":"https:\/\/www.bsetec.com\/blog\/?p=4865"},"modified":"2022-06-20T12:15:09","modified_gmt":"2022-06-20T12:15:09","slug":"how-is-blockchain-technology-going-to-change-the-world","status":"publish","type":"post","link":"https:\/\/www.bsetec.com\/blog\/how-is-blockchain-technology-going-to-change-the-world\/","title":{"rendered":"How is blockchain technology going to change the world?"},"content":{"rendered":"<p><a href=\"https:\/\/www.bsetec.com\/udemy-clone\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-4866\" src=\"https:\/\/www.bsetec.com\/blog\/wp-content\/uploads\/2022\/06\/Designs-26.png\" alt=\"\" width=\"1366\" height=\"768\" srcset=\"https:\/\/www.bsetec.com\/blog\/wp-content\/uploads\/2022\/06\/Designs-26.png 1366w, https:\/\/www.bsetec.com\/blog\/wp-content\/uploads\/2022\/06\/Designs-26-150x84.png 150w, https:\/\/www.bsetec.com\/blog\/wp-content\/uploads\/2022\/06\/Designs-26-300x169.png 300w, https:\/\/www.bsetec.com\/blog\/wp-content\/uploads\/2022\/06\/Designs-26-768x432.png 768w, https:\/\/www.bsetec.com\/blog\/wp-content\/uploads\/2022\/06\/Designs-26-1024x576.png 1024w, https:\/\/www.bsetec.com\/blog\/wp-content\/uploads\/2022\/06\/Designs-26-267x150.png 267w, https:\/\/www.bsetec.com\/blog\/wp-content\/uploads\/2022\/06\/Designs-26-82x46.png 82w, https:\/\/www.bsetec.com\/blog\/wp-content\/uploads\/2022\/06\/Designs-26-65x37.png 65w, https:\/\/www.bsetec.com\/blog\/wp-content\/uploads\/2022\/06\/Designs-26-510x287.png 510w\" sizes=\"(max-width: 1366px) 100vw, 1366px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 500;\">Blockchain technology has the ability to transform everything in and around us. It will be a brand new point two version of the technologies that exist already, but much better in every aspect like security, performance, etc. Its applications are ubiquitous and have their roots in every sector. But let us see how it&#8217;s going to enhance 3 major sectors.<\/span><\/p>\n<blockquote><p><b>Read <\/b><a href=\"https:\/\/www.bsetec.com\/blog\/how-can-i-make-money-with-blockchain-technology\/\" target=\"_blank\" rel=\"noopener\"><b>How can I make money with blockchain technology?<\/b><\/a><\/p><\/blockquote>\n<p><b>NFT Gaming Platform:<\/b><span style=\"font-weight: 500;\"> Revenue for gaming grew 12 percent in 2020, up to $139.9 billion from $120.1 billion in 2019, according to a report by market research firm SuperData. Unfortunately, gamers barely make a penny from the $203.12 billion (as of 2021) revenue industry. Blockchain technology-based gaming platforms create more significant opportunities for revenue generation for gamers.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 500;\" aria-level=\"2\"><span style=\"font-weight: 500;\"><strong>Ownership<\/strong>: <\/span><span style=\"font-weight: 500;\">NFTs in the game allow players to own their in-game assets instead of the game developer. With blockchain technology, players can save in-game purchases or sell them to other players.<\/span><\/li>\n<li style=\"font-weight: 500;\" aria-level=\"2\"><strong>Protection\u00a0of Assets from prying eyes:<\/strong><span style=\"font-weight: 500;\"> Hackers love centralized assets. Once they hack and invade a server, all assets stored on the server are theirs. But blockchains are hard to hack as they are decentralized, and the gamers can store their valuable gaming assets in crypto wallets.<\/span><\/li>\n<li style=\"font-weight: 500;\" aria-level=\"2\"><span style=\"font-weight: 500;\"><strong>Play to Earn (P2E) model<\/strong>: <\/span><span style=\"font-weight: 500;\">NFT gaming platforms provide the gamers with lucrative awards like in-game assets and tokens that can be exchanged for real money.<\/span><\/li>\n<\/ul>\n<p><b>BlockChain in Health care:<\/b><span style=\"font-weight: 500;\"> When we were boasting about the robust technology-driven healthcare systems, the uncanny Covid-19 proved how crippled the current healthcare systems around the world( both in developing and developed countries).<\/span><\/p>\n<ul>\n<li style=\"font-weight: 500;\" aria-level=\"2\"><span style=\"font-weight: 500;\">Health and pharmaceuticals will get rid of counterfeit medications using Blockchain technologies, enabling tracing of all these medicines.<\/span><\/li>\n<li style=\"font-weight: 500;\" aria-level=\"2\"><span style=\"font-weight: 500;\">Blockchain can guarantee the confidentiality of patient records; when medical history is developed, Blockchain can also store it, and this record cannot be modified.<\/span><\/li>\n<li style=\"font-weight: 500;\" aria-level=\"2\"><span style=\"font-weight: 500;\">A Blockchain network is used in the healthcare system to preserve and exchange patient data through hospitals, diagnostic laboratories, pharmacy firms, and physicians. It improves the performance, security, and transparency of sharing medical data in the health care system.<\/span><\/li>\n<\/ul>\n<p><b>Blockchain in the Banking sector:<\/b><span style=\"font-weight: 500;\"> Blockchain technologies have the biggest impact on the world&#8217;s biggest industry. $124 trillion in 2018, according to The Banker&#8217;s Top 1000 World Banks Ranking for 2018<\/span><\/p>\n<ul>\n<li style=\"font-weight: 500;\" aria-level=\"3\"><span style=\"font-weight: 500;\"><strong>Expediting<\/strong> <strong>international<\/strong> <strong>transfers<\/strong>: <\/span><span style=\"font-weight: 500;\">Today trillions of dollars slosh around the globe due to the outmoded banking systems and their slow international transactions with additional fees. This is because if you are working in the US and send money to your family who lives in India you will be charged around $25 and additional charges up to 7%. Additionally, Your bank gets a cut, the receiving bank gets a cut, and you\u2019re charged exchange rate (forex) fees. But with blockchain technology, we can do international transactions in real-time without the third parties making international transactions cheap and fast.<\/span><\/li>\n<li style=\"font-weight: 500;\" aria-level=\"3\"><span style=\"font-weight: 500;\"><strong>Increased<\/strong> <strong>security<\/strong>:<\/span><span style=\"font-weight: 500;\"> Since the blockchains are decentralized, it is hard to hack or it is impossible to do any fraudulent activities.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 500;\">Customer KYC and other legal docs and bonds can also be protected without any worries.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 500;\"><strong>To sum it all up<\/strong> \u2014 Have you ever heard someone saying that a \u201cblockchain was hacked!\u201d No, and you will never will, because blockchain is robust and it is hard to crack.\u00a0 If you are an entrepreneur and looking to create a crypto wallet or integrate the hard-to-hack<\/span><a href=\"https:\/\/www.bsetec.com\/udemy-clone\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 500;\"> blockchain technologies<\/span><\/a><span style=\"font-weight: 500;\"> into your existing online business contact BSEtec.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 500;\">\u00a0<\/span><span style=\"font-weight: 500;\">BSEtec, a leading blockchain development company in India is specialized in Stellar blockchain technology.<\/span><a href=\"https:\/\/www.bsetec.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 500;\"> BSEtec<\/span><\/a><span style=\"font-weight: 500;\"> provides you with the best in-hand solutions for all your cryptocurrency exchanges and Hot wallets.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain technology has the ability to transform everything in and around us. It will be a brand new point two version of the technologies that exist already, but much better in every aspect like security, performance, etc. Its applications are ubiquitous and have their roots in every sector. But let us see how it&#8217;s going [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[814],"tags":[866,364,3,1867,1253,1413],"class_list":["post-4865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-blockchain-development","tag-blockchain-technology","tag-bsetec-2","tag-future-of-blockchain","tag-stellar-blockchain-technology","tag-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How is blockchain technology going to change the world? | BSEtec<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bsetec.com\/blog\/how-is-blockchain-technology-going-to-change-the-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How is blockchain technology going to change the world? | BSEtec\" \/>\n<meta property=\"og:description\" content=\"Blockchain technology has the ability to transform everything in and around us. It will be a brand new point two version of the technologies that exist already, but much better in every aspect like security, performance, etc. Its applications are ubiquitous and have their roots in every sector. But let us see how it&#8217;s going [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bsetec.com\/blog\/how-is-blockchain-technology-going-to-change-the-world\/\" \/>\n<meta property=\"og:site_name\" content=\"BSEtec\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/bsetec\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-20T12:07:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-20T12:15:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bsetec.com\/blog\/wp-content\/uploads\/2022\/06\/Designs-26.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1366\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"BSEtec\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BSEtech\" \/>\n<meta name=\"twitter:site\" content=\"@BSEtech\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BSEtec\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.bsetec.com\/blog\/how-is-blockchain-technology-going-to-change-the-world\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.bsetec.com\/blog\/how-is-blockchain-technology-going-to-change-the-world\/\"},\"author\":{\"name\":\"BSEtec\",\"@id\":\"https:\/\/www.bsetec.com\/blog\/#\/schema\/person\/24a8ed4eefa5e9bf112e896653ca21c4\"},\"headline\":\"How is blockchain technology going to change the world?\",\"datePublished\":\"2022-06-20T12:07:30+00:00\",\"dateModified\":\"2022-06-20T12:15:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.bsetec.com\/blog\/how-is-blockchain-technology-going-to-change-the-world\/\"},\"wordCount\":596,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.bsetec.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.bsetec.com\/blog\/how-is-blockchain-technology-going-to-change-the-world\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.bsetec.com\/blog\/wp-content\/uploads\/2022\/06\/Designs-26.png\",\"keywords\":[\"Blockchain Development\",\"Blockchain Technology\",\"bsetec\",\"future of blockchain\",\"Stellar Blockchain Technology\",\"technology\"],\"articleSection\":[\"Blockchain\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.bsetec.com\/blog\/how-is-blockchain-technology-going-to-change-the-world\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bsetec.com\/blog\/how-is-blockchain-technology-going-to-change-the-world\/\",\"url\":\"https:\/\/www.bsetec.com\/blog\/how-is-blockchain-technology-going-to-change-the-world\/\",\"name\":\"How is blockchain technology going to change the world? 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