10 ways Blockchain can change the Financial Services

1. Security – blockchain has the ability to improve edge security and encrypt data during transactions, rather than when the data is moving or at rest.
2. Cloud – Blockchain can remove the need for a trusted party in transactions taking place in the cloud.
3. Truly digital transactions — The blockchain enables secure microtransactions, still a developing area.
4. IoT – Blockchain can improve the security of automated transactions in the Internet of Things.
5. Settlement times — Blockchain can vastly improve settlement times of many payments transactions.
6. Government — Issuers of currency may leverage the blockchain, and very soon, according to some.
7. Health — Health records can be securely stored and shared via the blockchain.
8. Manufacturing — Blockchain can connect and automate processes between different factories (nodes).
9. Retail – Blockchain can drive down transaction costs at the point-of-sale.
10. Energy – Blockchain can change the way electrical use is billed.