Blockchain has been in news for some time now and words like bitcoin, ledger, cryptocurrency can be overheard in office chatter. Its impact has significant meaning to people in Finance industry but lately, a lot of buzz can be heard about its perceived impact on non-finance industries as well. Here’s an infographic on potential use cases of implementing blockchain without cryptocurrency.
With Smart Contracts, businesses and individuals alike are able to establish trust without the need to be physically present at the location transaction. These contracts happen virtually and are validated by the network. They are present in a public ledger and are tamper resistant. Healthcare, Utilities, IoT, IT Infrastructure, Voting and Currency Transfer are areas where a specific business problem can use Blockchain technology for effortless service delivery.