What is the current situation of the service industry?
The service industry is growing slowly.
The service industry is trying to be as advanced and updated as other businesses. But some issues affect the speed of its development.
The first concern is money. Having enough money to start a new company or to extend the current one is not simple. Getting a loan from banks is not always possible because they also take into account your age, credit history, etc.
The second concern is its personnel. Highly qualified staff should be in any service industry. Finding people who are able to exercise is not enough. If you work with organizations, try to let them work as needed.
Details are one of the most important resources these days. The Internet provides this valuable resource faster and more accessible.
How can Blockchain help?
The current Blockchain change may find a solution to the concerns mentioned above.
Introducing your own ICO to earn money for setting up a company or expanding the current one is a good start. Hedge and venture funds are on Blockchain.
Blockchain makes checking a person’s relevant background simpler. Improving management personnel is made easier by its innovation. It provides communication to departments and supervisors.
Their decentralized system can quickly propagate information between nodes. Blockchain data collection cannot be changed. There is good transparency in what is going on in the company processes.
How can Blockchain help the hospitality industry?
Blockchain helps to facilitate check-ins and get more visitor information.
Blockchains maintain information through its ledger. It monitors and updates availability and number of bookings at all times. Guests, hotels and its credibility staff can check before any appointment.
And what about the catering company?
They can track the data of their supplies.
A catering business needs to communicate with the numbers of food and logistics companies. The decentralized Blockchain system can provide the necessary information quickly and therefore affect the speed of the process.
Blockchain can help keep track of important information about food, storage conditions and delivery times. It also updates who the expired products and rotten items are.
Lack of communication is an issue with the vehicle business participant.
The automobile industry is actively establishing service. They have relevant information for other participants.
Various decentralized platforms exist like Uservice. It brings participants and creates a database about vehicles. You can register your vehicle and get paid for the data you provide on the platform. Each list of signed up vehicles will be updated. Platform users can monitor existing issues regarding this design.
Can decentralized insurance change be used?
This can prevent scams that will surely boost the trust of customers and insurers.
Consumer trust issues are a common issue promoted by insurance. Discouragement of customers starts with low performance, high cost and unpleasant insurance calculation system. Blockchain technology can help with this problem through its transparency and having smart contracts. If something happens, the code will do its job immediately. Blockchain can confirm credibility through its decentralized register which is visible to anyone involved.
How can Blockchain help with e-commerce?
The decentralization system will lead to prompt transactions and low fees. It will also bring transparency and trustworthiness.
Blockchain provides transparency to everyone who is important to trade from different parts of the world. Good contracts guarantee that you receive the desired loan or service.
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