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Chapter 3 - 6 Surprising Uses of Blockchain Technology That Don’t Involve Cryptocurrency FullCourse1



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Chapter 3 - 6 Surprising Uses of Blockchain Technology That Don’t Involve Cryptocurrency

Blockchain technology is the digital, distributed, and the decentralized ledger that underlies most virtual currencies and is what is responsible for logging all transactions without the need for relying on a go-between, like a bank. The uses for blockchain technology go far beyond the world of cryptocurrencies.

Here are six surprising applications of blockchain technology that don't involve cryptocurrency.

1. Payment Processing

2. Retail Loyalty Rewards Programs

3. Digital IDs

4. Digital Voting

5. Food Safety

6. Medical Recordkeeping

In conclusion, while blockchain is far from perfect and still needs developing, there is certainly plenty of real-world application where it can be utilized.

In the next chapter we will discuss “How to Avoid These Blockchain Technology Mistakes”.
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Cryptocurrencies
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