Increased adoption of blockchain technology in sports and healthcare industry
Even though blockchain technology is a relatively new mode of investment, it has gained huge popularity in the past few years. When it was launched in 2009, most people were skeptical. But as digitization increased and people became more about cryptocurrencies, there were new users every day. It’s because of its increased popularity that a wide range of sectors has started accepting cryptocurrencies. Bitcoin has become quite popular among people. Even a few governments in different countries have been encouraging people to invest in cryptocurrency and avail all the benefits that this platform offers. The two sectors that have widely accepted cryptocurrency are health and sports.
The health sector is one of the most important sectors in society. The hospital has responsibility for each person who comes in. Since the number of patients visiting doctors on a daily basis is quite high, storing their data in physical form will only lead to a huge mess. When they would visit the doctor, they would have to spend a long time waiting for the staff to get their information. With Bitcoin, this whole process has become quite easy. The Healthcare sector has used this technology to store its user’s data in the blockchain. The improved privacy and security offered by blockchain are crucial for the hospital.
The sports sector has also adopted cryptocurrency as a payment mode. Also, they have now posted their own crypto-economy through the fan token. It started as a trial concept but has now gained huge profits.
Needless to say, both the health and sports sector are benefitting from all the features blockchain technology has to offer.