Blockchain technology can be used for identity verification, supply chain management, voting systems, and more from "summary" of Blockchain Technology Explained by Alan T. Norman
Blockchain technology has the potential to revolutionize various industries beyond just financial services. One of the key applications of blockchain technology is identity verification. Traditional methods of identity verification, such as passwords and pins, are susceptible to hacking and fraud. By using blockchain technology, individuals can have a secure and tamper-proof digital identity that can be verified instantly. Supply chain management is another area where blockchain technology can have a significant impact. By recording every step of a product's journey on the blockchain, companies can ensure transparency and traceability throughout the supply chain. This can help in reducing fraud, counterfeiting, and err...
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