Current activities suitable for the use of blockchain technology

Abstract

In recent years, the use of a blockchain technology has been discussed in connection with a variety of industries and different applications. It is difficult to judge which areas are best suited for the use of this technology. In this article we have described the basic characteristics, advantages and disadvantages of blockchain technology and presented four economic sectors which we believe are most suitable for the use of this technology. For each sector, we evaluated the potential for the use of this technology based on a review of the legal, technological and sociological aspects of possible implementation, ideas and applications. In our view, the most promising areas of application are financial and insurance activities; transporting and storage; wholesale and retail; repair of motor vehicles and motorcycles; information and communication services.