Blockchain

Use Cases

Although blockchain technology originated with bitcoin, today blockchain has far-reaching potential outside of cryptocurrency. In addition to cryptocurrency, blockchain has various applications in financial services, supply chains, and the public sector. To support blockchain applications, governments are enacting new laws to encourage the use of blockchain. For example, in Arizona, signatures secured by blockchain technology are legal under state law.

Governments and organizations use the system for a variety of purposes such as: B. Fast, efficient and transparent transfer of value, transparent and immutable records of transactions, etc.