Blockchain applications extend far beyond Bitcoin and cryptocurrency. Technology is affecting various industries in ways ranging from how contracts are enforced to making government work more efficiently. It is able to increase transparency and fairness while also saving businesses time and money.
The most important applications of a blockchain are the following:
- Money transfer
- Smart contracts
- Internet of Things (IoT)
- Personal identity security
- Healthcare
- Logistics
- Non-fungible tokens (NFTs)
- Government
- Media
