Blockchain is very applicable to industries where middlemen extract large value by being intermediaries between competing parties.<p>As an example, in telecom there is the issue of settlement. Every phone call generates a Call Data Record (CDR) that has information about who called who, call length, etc. This is critical because every telco negotiates individual rates for voice, SMS, data roaming, etc. between every other carrier on earth (although often you negotiate with one company that provides a package rate for multiple telcos). Your "unlimited" plan obfuscates the fact that how you use your plan, what carriers the people you call are on, where you use data, reflect different levels of profitability for you as a customer.<p>Large companies like Amdocs[0] make billions of dollars handling settlement for telcos. Every month, a carrier has to "settle" all of their CDR's with every other carrier. Issues get sorted out because CDR's never match perfectly, and then carriers pay each other to balance out based on their contractual obligations.<p>A blockchain solution that all telcos agreed on would guarantee data correctness (CDR's all look alike), allow instant settlement and payment (settlement happens once a month), and eliminate the middlemen like Amdocs, Synchronoss, etc. in regards to settlement.<p>Obviously this is a tough problem to crack, and you'd need to get the telcos on board, but I am explaining this as an example where blockchain could provide real value.<p>Indeed, Maersk, the largest shipping conglomerate, is going to release a blockchain solution to move the international shipping industry away from paper and to a unified system.[1] Maersk is in a unique position to do this because they are the largest player, and most other companies just follow what they do, but I mention this as an example where blockchain can help competing companies interact more efficiently.<p>[0] <a href="https://www.amdocs.com/" rel="nofollow">https://www.amdocs.com/</a><p>[1] <a href="https://www.economist.com/briefing/2018/04/26/the-global-logistics-business-is-going-to-be-transformed-by-digitisation" rel="nofollow">https://www.economist.com/briefing/2018/04/26/the-global-log...</a>