Q. What industries will blockchain disrupt the most?

 

A. I think blockchain will disrupt the banking industry the most. That’s because blockchain serves cryptocurrency projects.

One of the requirements of a cryptocurrency is that the number of creation of new units should be controlled.

The above cannot be said about the modern fiat paper money system which is a banking industry. There is no limit to creation of new dollar notes, euro, etc. This creates inflation and thus takes the value of your saving away. In other words, the value of hours you spend at work depreciates with time.

So, if enough people get into cryptocurrency industry given the benefits that it provides for people, banks can become useless to some extent and hence the banking industry will suffer.

 

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