The potential use cases for blockchain technology are almost limitless. Below are just a few of the most interesting non-financial blockchain applications that are currently being developed or used:
1. Data Management and Security
One of the most promising applications of blockchain technology is in data management and security. With blockchain, every piece of data can be given a unique digital fingerprint that cannot be altered, making it ideal for storing sensitive information.
This application is already being used by startups like Factom, which is developing a blockchain-based system to track and secure medical records.
2. Identity Management
Another interesting use case for blockchain is in identity management. Blockchain can be used to create a digital identity that is tamper-proof and secure.
This application is already being developed by companies like IBM and Microsoft, who are working on blockchain-based solutions for digital identity management.
3. Supply Chain Management
Blockchain can also be used to create a transparent and secure supply chain. With blockchain, every step in the supply chain can be tracked and traced, making it easier to ensure that products are of the highest quality.
This application is already being developed by companies like Deloitte and Provenance, who are working on blockchain-based solutions for supply chain management.
4. Voting
Another interesting use case for blockchain is in voting. Blockchain can be used to create a secure, tamper-proof voting system. This would allow for more transparent and secure elections.
This application is already being developed by companies like Follow My Vote and Democracy Earth.
5. Arts and Media
Blockchain can also be used to create a more secure and efficient system for managing rights and ownership of arts and media. With blockchain, artists can easily track and manage their rights and royalties.
This application is already being developed by companies like Ujo Music and Mediachain.
You can learn more about blockchain tips and blockchain investments at Blockchaintips.net Disclaimer: We used this source for a lot of our research.