Blockchain Technologies Beyond Cryptocurrency
Blockchain Technologies Beyond Cryptocurrency Blockchain technology extends far beyond digital coins. It is a shared, tamper‑evident ledger that records facts in a way that many parties can trust. Smart contracts add automatic behavior: when conditions are met, actions execute without a middleman. This combination helps cut risks, speed up processes, and reduce costs in many settings. Real-world applications Supply chains: trace a product from origin to consumer. You can verify origin, prevent counterfeits, and speed recalls when needed. Digital identity: people and organizations own verifiable credentials. You share only what is necessary, with strong controls over data. Healthcare data sharing: patient records can move securely between providers with consent rules, improving care while protecting privacy. Energy and utilities: neighbors can trade excess solar power through automatic agreements, supporting a greener grid. Governance and compliance: public records, licenses, and contracts stay auditable and harder to alter. Technology pillars and trade-offs ...