Uses of blockchain other than cryptocurrency
cryptocurrency·@steemitcommander·
0.000 HBDUses of blockchain other than cryptocurrency
Blockchain isn’t used just for cryptocurrencies. Blockchain in its effective design intends to keep data from being altered by obtaining distributed consensus, basically provide immutability by having people agree upon it. A blockchain has numerous use cases. Ideally, a blockchain would be helpful in situations where: Multiple entities are involved Security requirement is paramount Records are transactional in nature Consensus is required among entities Privacy is a concern Solving Byzantine fault tolerance Sanctity of data is of great importance Consensus among distributed entities High value transactions Low number of transactions Decentralization is necessary or required History of transactions are important Most blockchains are often unstructured and crude in their implementation which makes databases a much more effective option for usage at scale. Blockchain can be considered to be a variation of a hashtree or merkle trees, a way of ensuring authenticity of data. To summarise, blockchain isn’t a cryptocurrency or its use cases related just to cryptocurrencies. There is a whole wide opportunity to be explored. Here’s a list of blockchain use cases by industry.  [Credit](www.google.com) I hope this was helpful.
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