Blockchain applications now go well beyond money and bitcoin. Technology is having an impact across a wide spectrum of organizations, from contract enforcement to government efficiency, due to its ability to promote openness and justice while also saving corporations time and money. This approach offers a much broader variety of applications. Many people focus on cryptocurrencies, their speculative value, and how they may be utilized to make – or lose – a lot of money quickly when it comes to blockchain. This, however, does not do justice to the blockchain's incredible technology. Current and future breakthroughs have the potential to alter many industries.

1. Introduction
Blockchain applications now go well beyond money and bitcoin.
Technology is having an impact across a wide spectrum of organizations,
from contract enforcement to government efficiency, due to its ability to
promote openness and justice while also saving corporations time and
money. This approach offers a much broader variety of applications.
Many people focus on cryptocurrencies, their speculative value, and how
they may be utilized to make – or lose – a lot of money quickly when it
comes to blockchain. This, however, does not do justice to the blockchain's
incredible technology. Current and future breakthroughs have the potential
to alter many industries.
What Is Blockchain?
Blockchain technology is a data infrastructure that is now serving as the
backbone of a new sort of internet that is attracting the online business

2. sector. Blockchain is a decentralized, encrypted ledger that is programmed
to record all valuable financial and digital transactions.
A blockchain is essentially a large database that is available to everyone. It
is a networked digital ledger that records and distributes all transactions.
Each time a transaction is completed, it is added to a block. The block is
then stored using an immutable cryptographic signature. Thus, the system
is both very transparent and very secure.
But What Can This Technology Be Used For?
For this practical but revolutionary technology, I've hereby collected a list of
25 real-world blockchain applications. While this is by no means an
exhaustive list, they are already having an impact on how we do business
at the moment.
1. Money Transfers And Payments
With bitcoin leading the way, blockchain was quickly used as a currency
transfer method. Thanks to this technology, which allows transactions to be
carried out in seconds, money can be exchanged at an alarming speed
with minimal costs.
Cryptocurrency transfer apps, which were pioneered by Bitcoin, are
currently booming in popularity. The money and time that blockchain can
save financial organizations of all sizes are why it is so popular in finance.
According to ComputerWorld, by eliminating bureaucratic red tape, making
ledger systems real-time, and reducing third-party fees, blockchain could
save large financial institutions between $8 billion and $12 billion a year.
Chainalysis is a company that has built tools to help financial institutions
monitor the exchange of cryptocurrencies. Their software can quickly

3. detect fraudulent transactions and compliance violations and alert
customers when a problem arises.
2. Smart Contracts
Smart contracts are perhaps one of the most transformative features of
blockchain. They are similar to traditional contracts in that the contract's
rules are enforced in real-time on a blockchain, removing the middleman
and adding degrees of accountability for all parties involved that are not
feasible with traditional agreements. This saves businesses time and
money while also ensuring that everyone engaged follows the rules.
As sectors such as government, healthcare, and real estate realize the
benefits, blockchain-based contracts are becoming increasingly popular.
3. The Internet of Things
The Internet of Things (IoT) is the natural next step in blockchain
development. (IoT) has millions of applications, with devices becoming
increasingly smarter and more connected by using a decentralized
authentication solution. Using biometric solutions and removing passwords
from a centralized server, makes IoT devices virtually tamper-proof.
However, by having millions of uses, IoT has also many security problems,
and as the number of IoT products grows, hackers will have more
opportunities to steal your data from Amazon Alexa, your fridge to a smart
thermostat. Adding blockchain technology to the formula ensures that data
is kept secure and only accessible to the user or authorized third parties.

4. HYPR is a New York-based company that addresses cybersecurity risks on
IoT devices using a decentralized authentication solution. Using biometric
solutions and removing passwords from a centralized server, makes IoT
devices virtually tamper-proof.
Blockchain-infused IoT provides a layer of security to avoid data breaches
by leveraging the technology's transparency and virtual incorruptibility to
keep things "smart."
4. A Digital Identity
Although it may seem surprising, proving your identity and keeping it to
yourself can sometimes be a real challenge. Every year, millions of people
are victims of identity theft or fraud. But the problem is even broader:
worldwide, more than a billion people face difficulties in recognizing and
preserving their identity.
The ability to create a ledger with a digital identity for every citizen of the
world would empower users and enable everyone to access, for example,
financial services.
By keeping social security numbers, birth certificates, birth dates, and other
sensitive information on a decentralized blockchain ledger, the government
may see a huge reduction in identity theft claims.
5. Health

5. The healthcare sector is perhaps one of the segments where the most
inefficiencies can be eliminated. Providing a secure database with clear
rules about what information can be shared – and with whom – could
significantly speed up processes and reduce costs.
Despite its infancy, blockchain in healthcare has already proven to be a
promising technology. Early blockchain solutions have been shown to save
healthcare costs, improve information access among stakeholders, and
speed up business processes.
As mentioned above, one of the biggest problems in healthcare is the
fragmentation of data across many providers and hospitals. An innovative
approach for obtaining and distributing personal data could be just what the
doctor ordered to help an already overburdened sector save costs.
This would ensure that the file is always complete and up to date and that it
is only accessible to authorized persons, be they patients, doctors,
pharmacists, and other healthcare professionals.
6. Logistics And Supply Chain Tracking
Logistics could benefit greatly from the help of the blockchain Indeed, one
of the biggest ills of this sector is the lack of communication and
transparency, whether within a company or between the different providers.
There are hundreds of thousands of shipping companies around the world,
giving rise to recurring bottlenecks and information loss. Blockchain could

6. enable precise identification of items in the supply chain, removing any
need for paper-based information transfer.
Combined with the IoT, it could track each item while assessing its
condition and quality in real-time. Not only would this be safer, smoother,
and more automated, but by extension, it would allow the sector to
Some large logistics companies, such as DHL, have already opted for
blockchain. The company maintains a digital log of shipments and logs
each transaction. DHL is at the forefront of blockchain adoption, ensuring
more traceability, transparency, and greater process automation.
7. Non-Fungible Token (NFT) And Tokenization
Unless you lived in a cave last year, you have surely heard of NFTs or
“Non-fungible Tokens” (non-fungible tokens), these unique digital objects
sold on the blockchain, are impossible to duplicate. Non-fungible Tokens
(NFTs) have been the most popular blockchain use since the advent of
cryptocurrencies.
The digital gadgets that are currently sweeping the globe had a spike in
2021. NFTs are digital assets like music, art, GIFs, films, and other material
that are sold on a blockchain and may be claimed by a single owner.
Thanks to blockchain technology, consumers may now claim sole
ownership of some of the most valuable digital assets.
The scarcity of NFTs can cause them to reach colossal values, as seen
with the $69 million sales of Beeple's The First 5000 Days at auction at
Christie's. There are now many online marketplaces that sell NFTs, such as
Dapper Labs or Candy. Many projects are also in development, such as

7. NFT concert tickets which could impose a maximum price to fight against
the black market or a fixed percentage going to the artist or the concert
venue.
8. Government Utility and Digital Voting
Although some governments fear that control is slipping away from them,
blockchain could help many states run more smoothly. In addition to
securing documents, improving bureaucratic efficiency, accountability, and
thereby financial burden, blockchain could also eliminate millions of hours
of inefficient work every year through smart contracts and a transparent
public register.
Finally, Blockchain could also revolutionize our elections as could be applied
to voting. How to consider electoral fraud when each vote is registered
immutably in the blockchain? With a system ensuring the unique use of its
voting token on the blockchain, the “one vote per person” rule could be
more easily enforced.
9. Media and Copyright
Today, it has become difficult to enforce copyright protection on digital
media such as music and movies. Blockchain could be a good solution for
digital content downloads to ensure that artists and content creators
receive their fair share of compensation. By making digital files unique and
preventing them from existing in multiple places at once, piracy could be
made virtually impossible.
In the media sector, blockchain's strength is its ability to prohibit a digital
asset, such as an mp3 file, from being duplicated. Through a transparent

8. ledger system, it can be shared and disseminated while maintaining
ownership, making piracy almost impossible. Furthermore, blockchain can
ensure data integrity, allowing advertisers to target the appropriate
customers and musicians to earn proper royalties for their original
compositions.
By entrusting data to the blockchain, it is easier for artists to be recognized
for their work and paid accordingly.
10. Blockchain For The Environment
Bitcoin has been heavily criticized for its energy consumption, but we can
also use blockchain to save the planet. Not only are there new protocols
that plan to reduce CO2 emissions such as Rubix, but there are also many
blockchain-based green projects emerging.
A prime example is start-up Single. Earth is a company that creates income
from trees without cutting them down. Single. Earth is a digital platform that
connects landowners and businesses, so businesses have the opportunity
to offset their carbon emissions and protect biodiversity by paying
landowners to conserve their forests and swamp.
This is an indirect way for companies to balance their carbon footprint to
achieve eventual neutrality. Single. Earth's platform transforms the
environmental benefits of trees, such as CO and the increase in
biodiversity, into a marketable asset. Landowners have an incentive to
protect the environment because they are paid to do so.

9. 11. Real Estate
Real estate transactions involve a huge amount of paperwork to verify
financial information and ownership, as well as transfer deeds and titles to
new owners. When used to record real estate transactions, blockchain
technology can make ownership verification and transfer safer and more
accessible.
This can help you save time and money by minimizing paperwork and
speeding up transactions.
12. Insurance
Smart contracts on a blockchain can give more transparency to clients and
insurance companies. If all claims were recorded on a blockchain,
customers would not file repeated claims for the same incident. Smart
contracts can potentially speed up the processing of claims.
13. Data Storage
Security and integrity can be improved when blockchain technology is
integrated with a data storage system. It will be more difficult to hack into
and wipe out all of the data on the network since data can be kept
decentralized, whereas a centralized data storage provider may only have
a few points of redundancy. Data is also more accessible because it is not
tied to the operations of a particular organization. In some circumstances,
blockchain data storage may be less expensive.
14. Gambling Business

10. The gambling business could benefit from blockchain in a variety of ways.
One of the biggest advantages of running a casino on the blockchain is the
transparency it provides to potential gamblers. Because every transaction
is stored on the blockchain, bettors can see that the games are fair and the
casino pays out.
Furthermore, adopting blockchain eliminates the need for personal
information such as a bank account, which may be a deterrent for some
would-be gamblers. It provides a workaround for regulatory limits because
users can gamble anonymously and the decentralized network is not
susceptible to the government shutdown.
15. Control Energy Supply
According to PWC, blockchain technology could be utilized to not only
execute energy supply transactions, but also to provide the foundation for
metering, invoicing, and clearing operations.
Documenting ownership, asset management, origin guarantees, emission
permits, and renewable energy certificates are all possible applications.
16. Non-Profit Agencies’ Trust
Blockchain technology offers the ability to show funders that non-profits are
truly spending their donations as anticipated, which could solve the
anti-trust difficulties that charities are increasingly facing.

11. Furthermore, blockchain technology could help such non-profits donate
money more efficiently, manage their resources more effectively, and
improve their tracking abilities.
17. Regulatory Compliance and Audit
The extremely secure nature of blockchain makes it particularly useful for
accounting and auditing, as it lowers the chance of human error while also
protecting the integrity of records.
Furthermore, once the account records are locked in using blockchain
technology, no one, including the account owners, can change them. The
downside is that blockchain technology may eventually replace auditors,
resulting in job losses.
18. Protect Money Laundering
Blockchain's inherent encryption makes it extremely useful in the fight
against money laundering once again.
The underlying technology aids in the "Know Your Customer (KYC)"
process, which involves a company identifying and authenticating its
customers' identities.

12. 19. Tax Collection Efficiency
With enough data recorded on the blockchain, the time-consuming process
of filing taxes, which is prone to human mistakes, might become
considerably more efficient.
20. Secure Business Hiring Process
Businesses of all sizes are having difficulty finding suitable employees.
Businesses can use blockchain technology to verify all applicants'
credentials via a digital database. Businesses can utilize blockchain
technology to create a decentralized directory of experts with verified
credentials that can be stored on a secure ledger and used to employ
candidates.
Blockchain technology makes any organization's employment process
significantly more secure because it only allows valid candidates access,
reducing the risk of hiring fraudulent individuals.
It also helps job seekers by speeding up the hiring process, supporting
them in finding openings for which they are qualified, and assuring a
smooth application process.
21. Enhance Marketing And Advertising Industry
To begin with, it will eliminate intermediaries in digital marketing and
advertising, saving firms money and increasing transparency. Because of

13. the openness, marketers and advertisers will have an easier time selecting
the correct target markets.
Marketers will no longer have to search many sources for customer data.
Every piece of information will be easily available on the blockchain.
22. Influencer Marketing Authentication
Consumers are more likely to believe what other customers say about a
brand than what a marketer asserts. Blockchain technology has made
influencer marketing viable.
Marketers may utilize blockchain technology to validate influencers'
identities, certify their followers, and ensure that their money is safe.
23. Car Rental Agencies Improvement
Car rental companies may benefit from this technology. The agencies may
utilize smart contracts to automatically authorize automobile rentals after
the consumers' money and insurance information has been approved.
24. Revolutionize Law System
Blockchain technology has the potential to transform the legal profession.
Blockchain technology allows smart contracts and blockchain wills to take
effect immediately after a person dies, thanks to the use of smart contracts.
To carry out the wills, the executor and intermediary would no longer be
required. This blockchain technology would necessitate the use of a lawyer
with computer programming expertise.
25. Enhance Consulting Services

14. Using blockchain consulting services is expected to be less expensive than
hiring full-time personnel (human resource concerns, multiple employee
bonuses, and so on).
Furthermore, it's clear that blockchain consultants aren't required on a
long-term basis: they'll assist you with getting your business up and
running, provide vital technical information, and, without a doubt, be
available for you if you require additional assistance in the future. As a
result, you may consider it as well.
When you work with blockchain consulting services, you can be assured
that you'll be dealing with a team of true experts who will ensure that your
blockchain implementation is completely covered.
26. Fight Counterfeit Medicines
Between 10% and 30% of the medicines distributed in impoverished
countries today are "fake drugs," posing serious health concerns. The
World Health Organization estimates that counterfeit medications cause
700,000 deaths per year.
To assure drug traceability and legality, the blockchain might be employed
as a global database. Pharmaceutical firms, regulators, and even
individuals would be allowed to use the database if it were not owned by a
single company or group.
27. Flight Passengers’ Compensation In Event Of
Delay

15. Blockchain technology allows passengers to be compensated immediately
in the event of a flight delay, without having to fill out any paperwork.
The idea is to use "smart contracts," which are self-contained programs
that follow predetermined rules and are recorded on the blockchain. Using
an algorithm that connects to airport databases, the "smart contract" is then
linked to the real world.
Without the involvement of a third party, the blockchain provides for the
formation of the trust required to automate the declarative stages.
CONCLUSION
As you have seen in this article, blockchain technology is applicable in
many fields, which go far beyond the simple speculative pleasure of
cryptocurrencies.
Blockchain technology benefits both individuals and businesses because it
protects personal information while making essential data publicly
available. While bitcoin is the most well-known application of blockchain, it
can also be used in other fields to provide citizens all around the world with
actual answers.
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Soiurce: Martin Boujol, FlowBank