Blockchain is the latest technology, the interest in which has grown along with the popularity of Сryptocurrencies. However, now it’s used not only in the world of finance. So, where can blockchain technologies be used other than Cryptocurrencies?
🔸 Government. Blockchain can hold civil servants accountable through smart contracts, ensure the security and integrity of elections, and guarantee transparency by recording a public record of all politicians’ activities.
🔸 Health care. Blockchain solutions in this area have shown the potential to reduce healthcare costs, improve access to information between parties, and streamline business processes.
🔸 Copyright protection. Use of Blockchain allows authors to confirm and protect their rights and possession of intellectual property.
🔸 International payments. Blockchain will significantly reduce transaction time, costs, and eliminate the need for a complex information structure.
🔸 Protection of personal data. Storing confidential information in a decentralized Blockchain registry can significantly reduce the number of identity thefts.
And there’s more! In addition, the blockchain is also used in banking, public administration, law and other areas.