Blockchain technology can be applied in various business contexts:
Supply Chain Management: Blockchain can track the origin and journey of products, ensuring authenticity and reducing fraud. Finance: Blockchain can facilitate faster and more secure financial transactions, including cross-border payments. Smart Contracts: These are self-executing contracts with the terms directly written into code, automating and enforcing agreements. Healthcare: Blockchain can secure patient data and streamline healthcare processes. Real Estate: Blockchain can simplify property transactions and provide a transparent record of ownership.