Industry Blockchain technology can be applied to a wide range of industries and applications, but not all of them. Common use cases include financial, logistics, real estate, health care, and retail sectors. Industries relying heavily on payment processing and financial transactions have the most common uses for blockchain technology. The public ledger helps streamline processes, increase documentation, and reduce fraud. Logistics companies can benefit from increased documentation of costs, labor, fleets, and shipments. Health care providers and other companies holding large amounts of sensitive information can improve data security using blockchain technology. Other industries can utilize blockchain technology as well, but consider finding examples before committing.
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