The blockchain is the encrypted and decentralized ledger technology that eliminates the intervention of intermediaries and has the power to streamline the business processes. In the year 2017, Blockchain became the second most popular search word on Gartner's website, and Distributed Ledger Technology (DLT) will continue to gain utmost significance across many industries.
Blockchain will help address several modern-day security concerns, including issues with contracts, identity, and fraud management. Blockchain-based lists will allow online retailers and financial organizations to conveniently vet their customers and fight against fraudulent activities.
Let's explore the Blockchain applications across industries which are using blockchain to solve the real-life problems:
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