Blockchain Use Cases

Blockchain technology utilizes a distributed database to record transactions. It captures transactions, encrypts the data, and connects it in unlimited blocks that form an interconnected chain. Its first and most useful use case was in cryptocurrency management, and it remains one of the most significant use cases of the technology. However, other powerful applications have been popping up after this significant commercial success. The same way the technology records financial transactions, it can maintain other essential records such as health…

Blockchain is a horizontal innovation whose impacts are spreading like a bushfire leaving a mark wherever it touches. The technology has been around for a little over a decade, and innovators are constantly looking for ways to use it in various industries.  The blockchain industry has grown exponentially over the last few years. Today, there are more than 5500 cryptocurrencies, and the blockchain roots continue to spread.  The technology has been most disruptive in the financial, health, and supply chain…