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 the real-life blockchain use cases:
The applications that run on blockchain technology are blockchain applications.
We have mentioned many blockchain use cases above and those are the use cases.
Blockchain is an evolving technology that enables decentralization, hence is becoming more and more popular.
The data is totally transparent and hence the probability of fraudulent activity is less.
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