Think supply chain management, identity verification, healthcare, core banking, gaming, music, and even government services, among others – blockchain is there now. This piece details the current practical applications of blockchain technology, the challenges hindering its development, and its prospects.

Any situation where parties need to coordinate but don’t fully trust each other becomes a potential blockchain use case. Cross-border payments through banks can take 3 to 5 working days to weeks, incur high fees, and often leave senders and receivers worried about the whereabouts of their money.

In this article, we have gone through all the major use cases of blockchain technology in different industries. Blockchain is an evolving technology and is find deep-rooted use cases and applications in almost every technology. The blockchain application makes the mechanism transparent, fair, and secure.

Blockchain is an evolving technology and is find deep-rooted use cases and applications in almost every technology. The blockchain application makes the mechanism transparent, fair, and secure. At Octal IT Solutions, the best software consulting services in USA, have expertise in blockchain app development. Let us know your requirements.