When many hear the term blockchain, they instantly think about cryptocurrencies. While blockchain technology is indeed integral to crypto currencies, there are many other applications for it. Here are some of them:
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Datafication and big data - the blockchain shows promising advantages for mass data storage over traditional, relational database systems
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Financial markets and investments - blockchain has the potential of being used in stocks trading, offering several different advantages
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Integrating with Internet of Things - given how many off the devices in your home have the potential of connecting with each other, this only increases potential security risks - blockchain is being experimented with to better secure home devices and other IoT integrated devices
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Healthcare - given the mass amount of data, blockchain can be used to reduce bloat and streamline various processes
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Logistics - due to the immense amount of companies operating in the logistics and wider supply chain management sector, there are issues over a lack of transparency, leading to data siloes, blockchain aims to eliminate or mitigate these issues
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Government - blockchain aims to reduce bureaucratic inefficiency, leading to streamlined processes