Chapter 5 - 6 Benefits of Blockchain that Go Beyond Cryptocurrency （Full Course 1）

Chapter 5 - 6 Benefits of Blockchain that Go Beyond Cryptocurrency

While the current buzz over Bitcoin and other cryptocurrencies are hard to ignore, the underlying technology that makes the trade of bitcoins possible needs to be further explored. Blockchain technology is the virtual, public ledger that records everything in a secure and transparent matter. The benefits of blockchain are more than big enough to sustain its relevance for years to come, unlike the cryptocurrency it was designed to support. Here are six of the most important benefits of blockchain that will prove useful to businesses in different industries.

1. Supply Chain Management.
2. Quality Assurance.
3. Accounting.
4. Voting.
5. Stock Exchange.
6. Energy Supply.

In conclusion, it is clear that blockchain technology is making strides in different industries outside of cryptocurrency. While most people are ready for decentralized ledgers, the progress of blockchain technology means it probably won’t be too far off from becoming mainstream.

In the next chapter we will discuss “Future Uses for Blockchain That Will Shape the World”.