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Six Interesting Real-World Applications of Blockchain Technology | Infiniti Research


Infiniti Research, a world-renowned market intelligence solutions
provider, has announced the completion of their latest article on the real-world
applications of blockchain technology
. Bitcoins and cryptocurrencies
are no longer the only factors associated with blockchain technology.
With the proliferation of technology, the applications of blockchain are
now spread across various industrial segments.

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Six Intriguing Real-World Applications of Blockchain Technology (Graphic: Business Wire)

Six Intriguing Real-World Applications of Blockchain Technology (Graphic: Business Wire)

Blockchain was invented in 2008 by Satoshi Nakamoto with an intention to
solve the issues associated with double-spending, by using it as a
public transaction ledger. However, it is quite evident that the
network-to-network chain serves many purposes other than securing
business transactions and preventing theft.

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Blockchain technology helps organizations save a considerable amount by
simplifying their affairs, enhancing transactions, minimizing errors,
and eliminating the need to hire third-party service providers.

"Blockchain is the most promising technology that has the potential
to revolutionize everything around us. It enables businesses to
assimilate services without revealing additional proprietary information
to third parties,"
says an industry expert from Infiniti.

Applications of blockchain technology:

  • Digital voting: Leveraging the use of blockchain technology in
    voting systems eliminates commonly occurring issues such as
    impersonation and fraud. Adoption of blockchain in digital voting
    systems has greatly transformed the voting process, by enabling
    regulators to keep a close watch on the changes in the network as and
    when they occur. To know more about our solutions, get
    in touch
  • Ensuring food safety: Though blockchain and food safety
    are not relatable, blockchain technology plays a key role in ensuring
    food safety. The undisputable nature of blockchain data makes it
    easier to track the journey of food products starting from its origin.
    This proves to be very useful in treating food-borne illnesses where
    one can track the source of containment using blockchain. To know
    more about blockchain technology and its applications
    , request
    a proposal
  • Electronic health records (EHR): Data is crucial for healthcare
    firms and is mostly stored in a digital format. But maintaining huge
    volumes of healthcare data is indeed a mind-boggling task for many.
    The applications of blockchain in the healthcare industry are many, it
    not only helps to store huge volumes of patient data securely but also
    ensures it's accessible by verified authorities alone, thereby
    ensuring the safety of patient data.
  • Get
    in touch
    , to know more about how blockchain technology can
    help you boost business profits

Infiniti Research is a global market intelligence company offering
strategic insights to help look beyond market disruptions, study
competitive activity, and develop intelligent business strategies.

View the complete list of the applications of blockchain technology:

About Infiniti Research

Established in 2003, Infiniti Research is a leading market intelligence
company providing smart solutions to address your business challenges.
Infiniti Research studies markets in more than 100 countries to help
analyze competitive activity, see beyond market disruptions, and develop
intelligent business strategies.

With 15+ years of experience and offices across three continents,
Infiniti Research has been instrumental in providing a complete range of
competitive intelligence, strategy, and research services for over 550
companies across the globe.

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