What is Blockchain technology used for?

Answer

Blockchain technology can be used to create a permanent, public, transparent ledger system for compiling data on sales, tracking digital use and payments to content creators, such as wireless users or musicians.

Applications:

  • Asset Management: Trade Processing and Settlement.
  • Insurance: Claims processing.
  • Payments: Cross-Border Payments.
  • Unconventional money lenders/ hard money lending.
  • Your car/ smartphone.
  • Blockchain Internet-of-Things (IoT)
  • Smart Appliances.

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