A comprehensive picture of the various applications that are being explored with blockchain.
It is now a known fact that the use cases of blockchain have been increasing by the day. There have increasingly been many ways in which real-world assets could be linked to the blockchain and traded digitally. For example, a proof-of-concept is being run for trading commodities (like physical bars of gold, silver, and diamond) after being authenticated via blockchain, establishing ownership of real-estate properties to provide election voting, etc.
Apart from startups, banks also have been actively investing in this decentralized system, as we have shown in a timeline. Various banks have shown interest and started experimenting with the blockchain.
The below infographic provides a snapshot of companies and the broad applications that they are providing over blockchain. These include both non-financial and financial/currency-related (bitcoin and other digital currencies) applications.
Here’s a short description of each of the use cases:
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