In today’s situation, people are restricted from leaving their homes. There are already countries that loosened their protocols, while there are other areas that still require quarantine protocols. With this, online shopping, money transfers, and deliveries are increasing. The COVID-19 pandemic opened more loopholes in the system. Organizations needed to take a step back and find solutions to keep up with the volume of transactions.

One of those solutions for their business continuity plans is blockchain. Blockchain revolutionized how businesses and industries operate ⁠— and the demand is increasing. After discovering that blockchain’s disruption is for good, even during the pandemic, a lot of industries started to dive in and try the game-changing technology.

Before, blockchain was heavily associated with cryptocurrency. As a ledger, it was able to record every transaction that involved bitcoin and other cryptocurrencies available. Blockchain’s blocks are secured since each block has a unique code that can easily set each block apart. Called “hash,” each one has a cryptographic code that separates each transaction apart. Even if someone shops from the same store with different items, blockchain can separate it from one another.

From banking and finance to governments and logistics, many industries are benefiting from the advantages of blockchain. Blockchain is also being implemented in healthcare and travel.

One great example of processes that blockchain can improve in the healthcare industry is the sharing of records. Here, blockchain can be considered as the missing puzzle in sharing sensitive data because it gives patients control over medical records. On top of that, these patients cannot create false claims since blockchain — through smart contracts — will only allow changes once the source verifies the information.

The same goes for Digital Identities: citizens have control over their data and, at the same time, are given access to government services online. Even if these people have control over their data, every information they put will be verified to avoid false information and fraud.

Disruptive technology will always make an impact wherever it starts. Whether the effect is good or bad, the effect will definitely shape how industries operate. Just take a look at blockchain: a record-keeping technology that stores every information about a transaction, such as the names of the participants, the amount transferred, the time the transaction occurred, and more. As long as there is information transferred, blockchain helps in bringing in transparency, trackability, and privacy.