Over the past 5 years, blockchain has gained huge popularity in the world. Although this popularity has been somewhat overheated by Bitcoin, blockchain remains a useful and sought-after technology. 

Blockchain is already successfully used in many areas. In this article, we will talk about 3 industries where blockchain is actively incorporated.

Gaming

The connection between the video game market, cryptocurrencies, and blockchain technology will soon become inseparable. Crypto solutions are created for the eSports industry, as well as for various gaming applications. 

The importance of the gaming market

To begin with, many still underestimate the gaming market, considering the games a narrow niche of useless entertainment or worse - an accomplice of child cruelty, although it is not. 

Collectively, in 2018, people spent $138 billion on games (only $42 billion on movies). Today's trend shows that in 2019 spending will increase to $152.1 billion, and in 2022 will be at least $196 billion.

Casino industry

In the blockchain industry, games and online gambling are becoming leading destinations.

The TRON system gives even more impressive figures - 80% of applications are online casinos. 

Statisticians estimated that in 2020 alone, online casinos in the TRON ecosystem missed out on a total of more than $3.9 billion. In 2020, 90% of transactions on this blockchain were conducted in the gambling segment.

What it tells us is that blockchain and decentralization are actively infiltrating the online gaming and gambling industry. Naturally, this has led to radical changes in these areas, and analysts from different companies already have preliminary forecasts and conclusions regarding the impact of “blockification” on these business segments.

With the development of online casinos, we also see a surge in Bitcoin casinos as well. People deposit funds with cryptos to remain anonymous and do not share their personal data. At the same time, games that are made exclusively for cryptos are more attractive for players. For example, according to statistics, Bitcoin slots designed for beginners have got more attention from customers, than their regular counterparts.

Blockchain blurs the boundaries for players

New technologies introduced into the gambling sector have led to the intensive development of the industry. According to the observations of industry experts, the introduction of cryptocurrency into the sphere of gambling has had a positive impact on the independence of gambling establishments. Now casinos have no restrictions on payment systems and regulators, they have their own system of game certification. 

The level of competition has decreased among developers, thanks to blockchain. The bottom line is that the giants that develop the games have abandoned this technology. This has enabled prospective providers to grow and develop. Interest in the topic of Bitcoin in gambling is growing every day, which means that the prospects for this direction are quite attractive.

Cryptocurrency has radically changed certain directions in the gambling segment. In some countries where there is tight control over currency transactions, players have the opportunity to use the casino services without risks and fears about the impossibility of withdrawing their funds from the account.

Many brands and partner projects, which used to be under pressure from the law, began to pay for the services of traffic providers with cryptocurrency. This allowed them to reduce the level of attention from the tax system and circumvent strict restrictions on local licenses and laws.

Logistics

In the last century, supply chains were relatively simple, as trade was mainly within regions. Over time, the transition from rail to road traffic and the computerization of logistics have led to a marked shift in emphasis in supply chain management.

Blockchain in logistics increases the reliability and transparency of the supply chain. It helps to avoid discrepancies in the documentation: for example, if the carrier and the recipient interpret the delivery time differently, the on-time delivery rate suffers.

With blockchain, this can be avoided, as all participants in the supply chain have access to the same version of all shipping documents. In addition, all data exchanges are recorded in blocks, and it is impossible to delete or change this information, so it is much easier to find the root of the problem when disagreement.

Let's give an example: let's say a large clothing store guarantees customers that all products are made in China. In turn, the manufacturer buys cotton in Poland, and the carrier guarantees to deliver the necessary volume to the warehouse every week. This process suits all participants in the supply chain.

Over time, the process may change. For example, the manufacturer will decide to save by ordering lower quality cotton in a particular country. You can't do this in secret from a retailer, as it has access to all transactions. A similar benefit of the blockchain gives if there are unforeseen difficulties: for example, the carrier does not have time to deliver the goods on time, as the driver got into an accident - all participants in the supply chain immediately learn about it.

How does blockchain work in logistics abroad?

Gradually, large companies, including world leaders - are moving to new technologies.

For example, in the food industry, it is extremely important to accurately track each product. Walmart, the world's largest wholesale and retail chain, uses blockchain to monitor pork shipments from China. Blockchain helps to track literally every piece of meat: where it was received and processed, in what warehouse it is stored, and what is the expiration date. Similarly, blockchain is used, in particular, in Nestle and Unilever.

The world's largest mining company BHP Billiton uses blockchain to record mining data from suppliers. This not only improves the efficiency of work within the company but also improves communication with partners.

Finally, the international diamond mining corporation De Beers uses blockchain to track gems from mining to sale. This avoids the problems with "blood diamonds" and guarantees customers that they buy genuine jewelry.

Moreover, small logistics providers are appearing on the market to help large companies switch to blockchain for better and more transparent management of supply chains.