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Blockchains are being used more than you may realise

Blockchains are being used more than you may realise

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Jonny Fry
Jan 10, 2023
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Digital Bytes
Digital Bytes
Blockchains are being used more than you may realise
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The number of people using blockchain technology has grown significantly in the past ten years, in part because the technology has gained much attention as it is used to issue Bitcoins. Yet, blockchain's applications have broadened well beyond cryptocurrencies. The financial services sector (BFSI), healthcare, the education sector (K-12), real estate (DigiShares), logistics (Walmart), and the Internet of Things (IoT) are just a few that stand to benefit significantly from blockchain technology. Blockchain technology and distributed ledger technology (DLT) bring greater transparency to organisations, their suppliers and/or customers and since a blockchain network may operate by using smart contracts and without the need for human intervention, many process can be automated.

Source: blockchain-council.org

Below is a selection of the variety of ways that blockchain technology is being used:

Smart contracts

Smart contracts are blockchain-based, real-time contracts which live on a decentralise…

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