Real-World Implementations for Blockchain Outside of Cryptocurrency

Blockchain technology is synonymous with cryptocurrencies like Bitcoin, but its potential goes well beyond the realm of digital currencies. Blockchain is a novelty application for any industry where there exists requirement of the decentralized, transparent and secure network. In diverse fields such as healthcare or supply chain management, blockchain drives transformative adaptations. Let us dive into this article, touching on some of the use-cases where blockchain is not applied in cryptocurrency and changing how traditional systems work by providing a more efficient, secure system with transparency.

Transforming the Supply Chain What makes blockchain technology so special is, it solves many of today existing supply chain problems.

While it is true that the blockchain has use-cases in real-world and supply chain management would be one of its big draws. Image sourceIn the traditional supply chains, It is a tough row to hoe for tracing physical goods moving in between origins