Unfortunately, many industries are still stuck with old systems. The ransomware attack on Baltimore, Maryland’s city government computers specifically affected systems that were needed to complete property deals in the region. These old systems are highly vulnerable to cyberattacks and natural disasters. To solve this dilemma, many governments and private institutions are looking into the possibility of using blockchain technology. Due to blockchain’s benefits, even the United Nations Development Programme (UNDP) is supporting the application of blockchain technology for sustainable digital infrastructure.

Source: Forbes May 29, 2019 00:11 UTC